Construction Paints and Coatings are paints and varnish materials such as powder and liquid. These materials are used in construction and buildings to decorate and protect various surfaces. Construction Paints and Coatings increase the resistance of the various surfaces and prevent the surface from rust and weathering. This protected layer results in raised aesthetics of the construction & buildings and makes the surface more durable.
The report analyzes various macro environments of the construction paints and coatings market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of construction paints and coatings market and threat of substitute is low due to unavailability of alternate products.
Source : Market Research Store
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