Global Crack-Proof Paint Market Set for Significant Growth, Projected to Reach $180.23 Billion by 2028
Global Crack-Proof Paint Market Set for Significant Growth, Projected to Reach $180.23 Billion by 2028
The Business Research Company's Crack-Proof Paint Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 19, 2024 /EINPresswire.com/ --
The global crack-proof paint market has grown robustly in recent years, expanding from $118.67 billion in 2023 to $128.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The historic growth period was driven by factors such as climate variability, aging infrastructure, consumer awareness, globalization of trade, and a shift towards sustainable solutions.
Increasing Demand from the Construction Industry Fuels Expansion in the Crack-Proof Paint Market
The increasing demand from the construction industry is expected to propel the growth of the crack-proof paint market going forward. The construction industry, which encompasses planning, designing, developing, and constructing buildings, infrastructure, and other physical structures, utilizes crack-proof paint to enhance the durability and longevity of structures. This ensures protection against cracks caused by settling, temperature fluctuations, and structural movement, thereby reducing maintenance costs and prolonging the lifespan of buildings and infrastructure.
Explore comprehensive insights into the global crack-proof paint market with a detailed sample report:
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Key Players and Market Trends
Major companies operating in the crack-proof paint market include Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Ltd., Diamond Vogel Paints, Asian Paints Limited, Valspar Corporation, Kansai Paint Co. Ltd., Jotun Group, Tikkurila Oyj, Sto Corp., Berger Paints India Limited, Benjamin Moore & Co., Rust-Oleum Corporation, Dunn-Edwards Corporation, Beckers Group, Flügger group A/S, Kelly-Moore Paints, Tnemec Company Inc., Hempel A/S, DuluxGroup Limited, and Chugoku Marine Paints Ltd.
Innovative DIY Crack-Proof Paint Solutions Transforming Home Maintenance and Décor
Major companies in the crack-proof paint market are developing innovative products, such as Do-It-Yourself (DIY) paints, to gain a competitive edge. DIY paints significantly provide consumers with accessible solutions for addressing cracks and imperfections in various home surfaces.
Segments:
• By Type: Water-Based, Solvent-Based • By Resin: Polyurethanes, Acrylic, Epoxy, Nitrocellulosic, Alkyd, Other Resins
• By End-Use: Residential, Commercial, Industrial
Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the crack-proof paint market in 2023. The regions covered in the crack-proof paint market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Access the complete report for an in-depth analysis of the global crack-proof paint market: https://www.thebusinessresearchcompany.com/report/crack-proof-paint-global-market-report
Crack Proof Paint Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Crack Proof Paint Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on crack proof paint market size, crack proof paint market drivers and trends, crack proof paint market major players, competitors' revenues, market positioning, and market growth across geographies. The crack proof paint market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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