New York City, NY: Jun 25, 2019 – Published via (Wired Release) – Interior wall putty powder is a kind of surface filling material used for pretreatment of construction surface before lacquer construction. The main purpose is to fill in the porosity of the construction surface and to correct the curve deviation of the construction surface to lay a solid foundation for obtaining uniform and smooth paint.
The first three-year cumulative revenue (2018–2020) is projected to be over US$ 7.5 Bn, which is expected to increase considerably over the latter part of the three-year forecast period. The global interior wall putty powder market is expected to value at nearly US$ 2.5 Bn in 2019, and is expected to register a CAGR of 6.1%.
Rising demand for interior wall putty powders from the construction sector owing to advantages such as excellent water-repellent properties, cost-effective nature, increases strength and pull-off strength of hardened renders and plasters, eco-friendly nature, and also provides smooth and silky finish to walls and such surfaces which is expected to drive growth of the interior wall putty powder market in Asia Pacific.
Increasing adoption of interior wall putty powder for correcting curve deviation of wall surfaces in order to obtain uniform and smooth surface before painting is expected to boost adoption of interior wall putty powder across the globe.
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Global Interior Wall Putty Powder Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global interior wall putty powder market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global interior wall putty powder market is expected to register a CAGR of 6.1% during the forecast period.
Global Interior Wall Putty Powder Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region/country. The type segments include cement-based putty and gypsum-based putty. The application segments includes residential and commercial. The regions include the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type: The cement-based putty segment accounted for highest revenue share contribution in 2018, as compared to gypsum-based putty segment, and is expected to register a CAGR of over 6.1% between 2018 and 2023
By Application: The residential segment accounted for highest revenue share contribution in 2018, as compared to commercial segment, and is expected to register a CAGR of over 6.1% between 2018 and 2023
By Region: The market in Asia Pacific accounted for highest revenue share in the global interior wall putty powder market in 2018, and in expected to register a significant CAGR of over 6.7% between 2018 and 2023.
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Global Interior Wall Putty Powder Market: Competitive Analysis
The research report on the global interior wall putty powder market includes profiles of some of the major companies such as UltraTech Cement Limited, Meichao Group Co., Ltd., J.K. Cement Limited, Nippon Paint Holdings Co., Ltd., Walplast Products Private Limited, Platinum Waltech Ltd., Akzo Nobel N.V., Lion Building Solutionm, Mapei SpAm, Asian Paints (International) Limited, SKSHU Paint Co., Ltd, Bauhinia Paints Manufacturing Limited, and Saint-Gobain Weber S.A.
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