Global Decorative Coatings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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MarketResearch.biz delivers in-depth insights on the global decorative coatings market in its upcoming report titled, “Global Decorative Coatings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global decorative coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global decorative coatings market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global decorative coatings market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global decorative coatings market report has been segmented on the basis of resin type, product type, technology, application, and region.
Decorative coatings are liquid paints available in vibrant colors and are applied to interior or exterior structure of building. Selection of decorative paint depends on the climate conditions. Decorative coatings are mainly applied for decorative and protective purpose such as avoiding cracks, water leakage, protection from fungus and algae, moisture, bacteria, UV radiation and specifically for temperature maintenance.
Growing construction industry in developing countries owing to government initiatives towards infrastructural development, growth of commercial spaces, and increasing disposable income are key factors driving growth of the global decorative coatings market. In addition, high investments focusing to offer cost-effective, high performance multi-functionality decorative coatings is another factor expected to drive growth of the global decorative coatings market over forecast period.
Stringent regulations on the production of decorative coatings which use harmful VOC chemicals can cause adverse effects on environment and people is a key factor restraining growth of the global decorative coatings market. Additionally, fluctuation in raw material prices is expected to hamper growth of the global decorative coatings market over forecast period.
Nonetheless, new construction activities and repainting of existing buildings is expected to be potential opportunity for key players in the global decorative coatings market over forecast period.
The global decorative coatings market report has been segmented on the basis of resin type, product type, technology, application, and region. On the basis of region, the global decorative coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in Asia Pacific is expected to witness the fastest growth in terms of revenue, due to high construction activities, increased disposable income, and growing population in the region followed by markets in Middle East & Africa. The market in North America is expected to witness growth with steady CAGR, owing to steadily growing construction activities in the region.
Global Decorative Coatings Market Segmentation:
Global decorative coatings market segmentation by resin type:
- Acrylic
- Alkyd
- Polyurethane
Global decorative coatings market segmentation by product type:
- Emulsion
- Enamel
- Wood Coating
Global decorative coatings market segmentation by technology:
- Water-Based
- Solvent-Based
Global decorative coatings market segmentation by application:
- Residential
- Non-Residential
Global decorative coatings market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- BASF SE
- Arkema S.A.
- Solvay SA
- I. du Pont de Nemours and Company
- Akzo Nobel N.V.
- PPG Industries, Inc.
- DuluxGroup Ltd.
- The Dow Chemical Company
- The Sherwin-Williams Company
- PPG Asian Paints Private Limited
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