What is Wall Putty Market?
Wall putty refers to a white fine powdered substance which is used to provide a smooth base for the wall surface. Wall putty provides a smooth and silky finish to the wall surface. Wall putty market is growing owing to growth in construction infrastructure worldwide. Further, increasing demand for eco-friendly and cost-effective construction products and rising demand from the developing economies expected to drive the demand for wall putty over the forecasted period.
The market study is being classified by Type (Cement-based Putty and Gypsum-based Putty), by Application (Residential Building and Commercial Building) and major geographies with country level break-up.
J.K. Cement Ltd. (India), Meichao (China), Birla Corporation (India), Nippon Paint (India), Walplast (India), Platinum Plaster Lt (India), Weber-Saint Gobain (India), Dulux (Singapore), USG Boral Building Products (Singapore) and MYK Laticrete (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Emme Esse VI S.r.l (Italy), Asian Paints (India) and SKShu (China).
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that India Vendors will contribute to the maximum growth of Global Wall Putty market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wall Putty market by Type, Application and Region.
On the basis of geography, the market of Wall Putty has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth in Construction Industry Worldwide
- It Provides Silky and Smooth Finish to Walls
Market Trend
- Increasing Demand for Eco-Friendly Construction Products
- Growing Popularity As It Is Water Resistant
Restraints
- Issues Related With Maintenance of Wall Putty
- Smooth Surface Fir Large Area Is Difficult To Maintained
Opportunities
- Growing Demand for Wall Putty as It Increases Durability of Paints
- Increasing Demand from the Developing Countries Owing To Growing Construction Infrastructure
Challenges
- Complicated Application Process of Wall Putty
4th January 2019, Birla Corporation a cement maker company launched construction chemicals and wall putty to expand its product portfolio.
Key Target Audience
Wall Putty Manufacturers, Wall Putty Suppliers & Distributors, Potential Investors, Construction Companies, Government Agencies, Market Reseach Firms and Others