11:07 ET With Market Size Valued at $83.8 Billion by 2026, it`s a Stable Outlook for the Global Construction Repaint Market

SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Construction Repaint - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 3558
Companies: 42 - Players covered include Akzo Nobel NV; Asian Paints (India) Ltd.; Axalta Coating Systems; Jotul AS; Kansai Paint Co., Ltd.; Nippon Paint Holdings Co., Ltd.; PPG Industries, Inc.; RPM International, Inc.; The Sherwin-Williams Company; Valspar Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Residential, Non-Residential); Formulation (Solvent Borne, Waterborne, Other Formulations); Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Other Resins)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Construction Repaint Market to Reach $83.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Construction Repaint estimated at US$60.5 Billion in the year 2020, is projected to reach a revised size of US$83.8 Billion by 2026, growing at a CAGR of 5.4% over the analysis period. Acrylic, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$26.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alkyd segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $17.4 Billion in 2021, While China is Forecast to Reach $17.1 Billion by 2026
The Construction Repaint market in the U.S. is estimated at US$17.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.1 Billion by the year 2026 trailing a CAGR of 8.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Epoxy Segment to Reach US$14.8 Billion by the year 2026
In the global Epoxy segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.2 Billion in the year 2020 will reach a projected size of US$11.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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