Research and Markets has announced the addition of the "Global Construction Paints and Coatings Market Forecasts & Trends, 2018" report to their offering.
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.
Key vendors dominating this space are:
- Akzo Nobel NV
- PPG Industries Inc.
- The Sherwin-Williams Co.
- E. I. du Pont de Nemours and Co.
- The Valspar Corp.
Other vendors mentioned in the report are:
- BASF SE
- Kansai Paint Co. Ltd.
- Nippon Paint Co. Ltd.
- Jotun A/S
- Asian Paints Ltd.
- 3M Co.
For more information visit http://www.researchandmarkets.com/research/8gdsls/global.
Source: http://www.researchandmarkets.com