Lucintel Forecasts Protective Coatings in the Global Construction Chemical Market to Reach $18.4 Billion by 2028

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According to the recent study the protective coatings in the global construction chemical market is projected to reach an estimated $18.4 billion by 2028 from $14.2 billion in 2023, at a CAGR of 5.3% from 2023 to 2028. Growth in this market is primarily driven by growing demand for protective coatings in the civil building & infrastructure industries for flooring, wood finishes, interior & exterior walls so as to enhance the durability and protect the structure from corrosion and UV radiation.

A more than 150 – page report is developed to understand trends, opportunities and forecast in protective coatings in the global construction chemical market by application (new construction and repairs) and region (North America, Europe, Asia Pacific, and the Rest of the World).

“New construction market is expected to remain the largest segment during the forecast period.”

Based on application, the protective coatings in the global construction chemical market is segmented into new construction and repairs. Lucintel forecasts that the new construction market is expected to remain the largest segment due to the increasing construction for residential buildings and growing focus of governments on infrastructure projects in the developing countries.

“Asia pacific will dominate the protective coatings in the global construction chemical market in near future”

APAC will remain the largest region due to increasing government investment in infrastructural development and growing usage of protective coatings in various end use industries, such as civil building & infrastructure, in the region.

Major players of protective coatings in the global construction chemical market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Arkema, Ashland, Fosroc International, Mapei S.P.A., Pidilite Industries, RPM International, Sika AG, and Dow Chemical Company are among the major protective coatings in the global construction chemical providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 write us at helpdesk@lucintel.com

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