Transparency Market Research has published a new research report titled “Construction Repaint Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2024” to their report store.
Albany, NY -- (SBWIRE) -- 05/19/2017 -- Construction repaint implies the additional paint used in any applications within the sectors of commercial, industrial, and residential. This includes emulsions, enamels, and varnishes that are chiefly being used for maintenance, renovation, and repairs. Core segments in the global construction repaint market can be made through resin types, into polyurethane, alkyd, polyester, epoxy, and acrylic. Based on formulation, the market can be segmented primarily into waterborne and solvent-borne paints. The leading applications of construction repaints include residential and non-residential.
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Several aspects are invested in the global construction repaint market and its growth in multiple regions. The answer to the following questions can help resolve the overall scope of the global construction repaint market in the coming years:
Which Sector Holds the Leading Demand for Construction Repaint?
Of the two core application segments for the global construction repaint market – residential and non-residential – there seems to a swift increase in the demand for repaints in the non-residential segment. The overall growth of the construction industry around the world is currently a chief driver for the global construction repaint market, especially in countries that possess a large number of construction, renovation, and rebuilding projects. One of the key aspects of reconstruction for most developed economies lies in its industrial and commercial sectors, thereby giving the global construction repaint market plenty of scope to expand in the non-residential segments.
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What Restraints are Affecting the Overall Repaint Demand?
One of the biggest issues surrounding the global construction repaint market is the use of raw materials and chemicals that are deemed hazardous to the environment. While this is considered as a negative point in most regions, the governments in some nations – especially from Europe and North America – are completely banning the use of certain paints and chemicals due to the large scale environmental impact they generate. The phrase that a lot of players in the global construction repaint market are currently following is "volatile organic compounds," or VOCs. Studies are showing the potential harm that VOCs are doing to the environment now and will continue to do in the long run, convincing governments, consumers, and players alike over the negative implications of using VOC-emitting paints and repaints.
The use of VOC-free paints and chemicals is being advocated on nearly all levels of industry and society, especially in developed economies. Countries such as the U.S. hold a large number of aware consumers that are marching against the use of any chemicals and materials that bear a negative impact on the earth. Organizations are investing in events such as the Washington County Operation Clean House, where large volumes of VOC paints are collected and safely disposed according to regulation.
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