GlobalData expects the construction industry to contract by 6.5% in 2020, with a further downward revision likely if activity in the short-term is more severely disrupted than currently anticipated. Read More

One of the expected impacts of the coronavirus (COVID-19) that brought the world to a halt in the first quarter of 2020 is the disruption to normal business activities and supply chains. The effect spreads through various industries and with the assumption of a ********* delay in construction activities, the forecast suggests property completions planned for 2020 in cities in the United Kingdom (UK) could decrease by more than *********, leading up to more completions in 2021 than originally planned. For more information on the Statista coverage of the coronavirus in the UK, see our report.

GlobalData expects the UK construction industry to contract by 5.8% in 2020, but there is a high likelihood of downward revisions if activity in the short-term is more severely disrupted than currently anticipated. Read More

GlobalData expects the construction industry to contract by 2.5% in 2020, with the high likelihood of downward revision in the short-term if activity is more severely disrupted than currently anticipated. Read More

Housing and non-housing repair and maintenance were the segments with the largest construction output in the United Kingdom in 2024. Those two sectors together amounted to over ** percent of the industry. Meanwhile, the output of new private housing construction amounted to **** percent. The output volume of infrastructure in the past five years has been higher than in previous decades. A look at the construction output index for new private housing shows that output increased in 2021 and 2022, but it has fallen after that. Construction GVA increasingAn increased output also translated into a growing contribution to the gross domestic product (GDP). In the fourth quarter of 2024, the construction industry had a gross value added of nearly ** billion British pounds. That value reached a low point during the start of the COVID-19 pandemic. In comparison, the overall GDP of the United Kingdom was valued at over **** trillion British pounds. Private housing construction expected to declineThe output of the private housing sector was forecast to increase significantly in 2025. The few years after that, the output of private housing construction is expected to keep increasing but at a slower rate. The average price of houses in the UK increased noticeably in 2024, higher demand for and higher prices of housing generally incentivize the housing sector.

The construction output of in Great Britain has been growing between 2021 and 2024. After a strong recovery from the COVID-19 pandemic, which had a big impact in the industry, the growth of the construction output has been decelerating.

The construction output of all work in Great Britain increased by approximately six percent in 2022. The economic crisis of 2007 and the aftermath of the COVID-19 pandemic have caused strong fluctuations. The construction output in Great Britain in April 2020 decreased a lot due to the COVID-19 pandemic.

GlobalData has revised downwards the forecast for construction industry growth in 2020 to -3.8%, with the high likelihood of further cuts if activity in the short-term is more severely disrupted than currently anticipated. Read More

The construction output value of all work in Great Britain from January 2017 to November 2020 generally rose, although a strong decline is visible in the first half of 2020. At this time, the COVID-19 pandemic struck Great Britain, resulting in a total output value of nearly 8.2 billion British pounds in April 2020, a little over half of January 2020, when nearly 14.5 billion of construction output value was seen.

A January 2021 study analyzed the share of domestic business trips replaced by virtual meetings in different sectors in the United Kingdom due to the coronavirus (COVID-19) pandemic. Overall, more than ** percent of firms across all sectors stated to have replaced over half of their domestic trips with virtual meetings during the pandemic. Meanwhile, ** percent of surveyed businesses in the manufacturing and construction sector did not replace any domestic business trips with virtual meetings.

Prior to the Coronavirus (COVID-19) outbreak, the UK construction industry had posted growth of 1.8% for 2019 in real terms. However, with disruptions caused by the COVID-19 outbreak and the subsequent lockdown measures, the industry was severely impacted in 2020. According to the Office for National Statistics (ONS), the UK construction industry contracted by 12.5% year on year (YoY) in the third quarter of 2020 (the latest data available at the time of writing), following Y-o-Y declines of 38.2% in Q2 and 4.0% in Q1 2020. Read More

The year-on-year change of new private housing construction output in Great Britain from January 2017 to November 2020 fluctuated throughout. From 2020 on, each month saw a heavy decline in the construction output of new private housing; in April 2020, this number was 61 percent lower than in the previous year. These changes could be explained by the COVID-19 pandemic, that has influenced the construction sector in the Great Britain.

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.

The UK construction industry was severely impacted in 2020, due to the disruptions caused by the Coronavirus (COVID-19) outbreak and the subsequent lockdown measures. The industry contracted by 14% in real terms last year, following growth of 1.8% in 2019. According to the Office for National Statistics (ONS), the construction industry contracted by 1.2% year on year (YoY) in the first quarter of 2021, following year-on-year (Y-o-Y) declines of 5.9% in Q4, 10% in Q3 and 36.2% in Q1 2020. Read More

The quarterly deliveries of slate for fill and other uses in Great Britain from the first quarter of 2015 to the second quarter of 2020 fluctuated strongly. Between 2015 and 2017, deliveries of slate fluctuated and presented an average value of approximately *** thousand metric tons. After steadily declining in 2017, deliveries of this item significantly increased and reached the peak in the second quarter of 2018, at over *** thousand metric tons. By the second quarter of 2020, however, slate for fill and other uses deliveries in Great Britain had dropped again, to around *** thousand metric tons. This could be explained by COVID-19's effect on construction in Great Britain during this period of time.

GlobalData has revised downwards the forecast for the construction industry growth to -3.7%, with the high likelihood of further cuts if activity in the short-term is more severely disrupted than currently anticipated. Read More

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

According to Cognitive Market Research, the global construction coatings market size was USD 176954.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 70781.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 53086.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 40699.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8847.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3539.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The residential held the highest construction coatings market revenue share in 2024.

Market Dynamics of Construction Coatings Market

Key Drivers for Construction Coatings Market

Raising Consciousness about the Healthcare to Increase the Demand Globally

The healthcare sector is expanding and modernizing quickly, which is increasing demand for premium building supplies like paints and coatings. Healthcare institutions, including medical centers, research labs, and extended-stay facilities, depend heavily on these necessary materials for their development and upkeep. Improved building materials, especially paints and coatings, will continue to be essential as the healthcare sector develops further. It's impossible to overstate their contribution to a clean, safe, and attractive atmosphere. For instance, Specialty Coating Systems (SCS) is delighted to share that its plant in Woking, UK, Britain, has added construction coating abilities. With this acquisition, SCS is better equipped to satisfy the increasing need for construction coating services in Europe and solidify its position as a top supplier of cutting-edge conformal coating services.

Growing Interest in the Automobile Sector to Propel Market Growth

The market for construction coatings is expanding due to a growing need in the automobile sector. The variety of business activities entailing the creation, development, production, distribution, exchange, and upkeep of transport vehicles are collectively referred to as the automotive industry. By offering external security, corrosion protection, personalization, branding, and improving the infrastructure, as well as the practical and aesthetic features of cars, the construction and coatings businesses give crucial assistance to the automotive sector. Consequently, the market for building coatings is expanding due to the rising need in the automotive sector.

Restraint Factor for the Construction Coatings Market

Variable Pricing for Ingredients to Limit the Sales

The expansion of the market is hampered by variable prices for basic supplies, particularly for coatings based on chemical substances. The fluctuating nature of basic ingredient prices, which affect colorants, substances, solvents, and additives, has a direct effect on manufacturing costs and reduces the profit margins of producers. Because producers find it difficult to foresee and control expenses, this fluctuation presents pricing issues for customers and might result in changing prices and lower earnings in the industry for construction coatings.

Impact of Covid-19 on the Construction Coatings Market

The COVID-19 epidemic has significantly reduced consumer demand for construction coatings, which has limited the measurements of the industrial coatings market. Strong regional and semi-urban economies will lessen the impact of low residential earnings. The pandemic has had an impact on the main economic systems of each area, which has caused a halt in activity across all paint and coating businesses. Certain industries, like packing, will benefit, while others are anticipated to suffer. Introduction of the Construction Coatings Market

Construction paints describes a blend or dissolution of powdered or apparent colorants in a liquid or solvent. Paints and coa...

GlobalData expects the construction industry to grow by 3.2% in 2020, but there is a possibility of downward revisions if activity in the short-term is more severely disrupted than currently anticipated. Read More

The deliveries of bricks in Great Britain from ********** to ************* varied month by month. In *************, a total of *********** bricks had been delivered (provisional). This is an increase from the beginning of that year: in **********, only ********** bricks were predicted to be delivered in Great Britain due to the COVID-19 pandemic, which strongly affected construction in Great Britain during this period of time.