Asia Construction Repaint Market Revenue - Ken Research

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Asian Economies Encouraging Bio-based
Construction Repaints in Paints Market Ken
Research
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Construction repaint usually refers to the paint
used in homes, multi-family residential,
commercial, and institutional applications.
Various types of paints are varnishes, emulsions,
and enamels which serve the purpose of
maintenance, repairs, and renovation work. The
introduction of bio-based materials in paints is
the major factor affecting the growth of
construction repaints market in Asia. Paints and
coatings industry has been under subjected to
immense pressure from regulatory authorities to
reduce the environmental impact of paints. It was
observed that renewable raw materials are used in
the manufacture of bio-based paints. They are
more reliable and sufficient to meet the needs of
the increasing population and its expectations.
Construction bio-based repaints are used
extensively which has witnessed less
environmental impact. Major ingredients in
construction bio-based repaints are natural oils,
resins, waxes, gums, and polysaccharides that
provide better carbon performance, life-cycle
performance, greater purity, enhanced water
solubility, and reduced toxicity.
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According to the study Asia Construction Repaint
Industry Situation and Prospects Research
Report, the leading vendors in the Asia
construction repaints market are Arkema, Solvay,
Nuplex Industries Limited, BASF, Covestro, DIC
Corporation, DSM Coating Resins, Momentive
Performance Materials, Huntsman, Dow,
LyondellBasell Industries and Eastman. Various
products in Asia construction repaints market are
alkyd, polyurethane, polyester, epoxy, acrylic
and others. Acrylic type of repaints category
accounted for the major shares of the
construction repaints market because they are
inexpensive and can be used architectural
coatings, product finishes. They are also used
by automobile original equipment manufacturers
for refinish and special-purpose coatings that
will surely contribute to the growth of the
construction paints industry. The Asia
construction repaints market is categorized based
on formulations such as waterborne paints,
solvent-borne paints, and power coatings.
Waterborne paints segment accounts for a major
share in the construction repaints market due
less VOC emissions, lesser exposure to hazardous
air pollutants, stringent environmental
regulations and introduction of technology toward
eco-friendly products.
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Asia is the major consumer of construction
bio-based repaints and generates huge revenues in
this market. It was observed that there is an
increased demand for construction repaints in
Asian countries such as Japan, China, and India.
This is due to the developing economies,
evolution in construction industry, rebuilding
aged buildings, rise in infrastructure repairs,
and increased use of waterborne coatings in
paints. The increase in consumption of
construction repaints due to increasing
population, modernization and industrialization
will drive the construction repaints market in
Asia over the next few years.
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