International. The global market for paints and coatings for the construction sector has also witnessed increasing competition among major suppliers. TechNavio's analysis estimates that this sector will grow at a CAGR of 7.16% over the period from 2013 to 2018.
One of the key factors contributing to this market growth is the increasing civil construction activities from around the globe. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
The report indicates that some key suppliers that dominate this aspect are Akzo Nobel NV, PPG Industries Inc., The Sherwin-Williams Co., E. I. DuPont de Nemours and Co., and The Valspar Corp. Like Basf SE, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., Jotun A/S, Asian Paints Ltd., and 3M Co.
