TechNavio recognizes the following companies as the key players in Global Construction Paints and Coatings Market: Akzo Nobel NV, E. I. du Pont de Nemours and Co., PPG Industries Inc., The Sherwin-Williams Co., and The Valspar Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Construction Paints and Coatings market is expected to witness robust growth during the forecast period. All major vendors are trying to expand their markets to developing nations as such countries are the hubs of economic developments. Many major players in the market are looking for mergers and acquisitions. They are also creating alliances with regional, small and large organizations as a way to capture more market share. This also enhances their distribution channels and improves their market reach. Thus, major vendors are striving to gain competitive advantage through mergers and acquisitions and increase their market consolidation.”
According to the report, one of the key drivers in this market is the increase in civil construction activities across the world and the rise in demand for paints that can protect buildings from weather extremes, corrosion and dampness.
Further, the report states that a major challenge in the market is the lack of product differentiation among vendors which has resulted in increased competition and price wars in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-construction-paints-and-coatings-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Construction Paints and Coatings Market 2014-2018
