“Global Decorative Paints Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global decorative paints market report has been segmented on the basis of resin type, product type, technology, application, and region.
Global Decorative Paints Market: Overview
Decorative paints play a vital role in infrastructure and architecture sector in order to embellish both exterior as well as interior of a building. The decorative paints offer matte finish, gloss and semi-gloss finish, eggshell and satin finish, etc. In addition, these paints offer various functions depending upon climatic conditions such as light absorption, insulation, reflection, and anti-skid. It is widely used in both residential and non-residential constructions.
Global Decorative Paints Market: Dynamics
Rising demand for decorative paint in decorating exterior and interior of residential and commercial buildings, coupled with growing construction industry, are major factors expected to drive growth of the decorative paints market in the years to come. In addition, increasing demand for these paints owing to growing awareness for eco-friendly, durability, and other aesthetic properties, is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing preference of decorative paints in renovation activities and demand for paints that control temperature and heat transfer in specific regions owing to varied climatic conditions across the globe, are among some factors estimated to drive growth of the potential market over the forecast period.
However, stringent government regulations pertaining to environmental concern and high prices of raw materials are among the factors which may hamper demand for decorative paints and restrain growth of the target market over the forecast period.
Increasing development of new and cost-effective decorative paints and high demand of these paints in emerging markets and untapped regions are factors expected to create lucrative revenue opportunities for players operating in the target market.
Global Decorative Paints Market: Segment Analysis
Among resin type segments, the acrylic segment is expected to account for highest revenue share contribution in the target market in the next 10 years, owing to their unique appealing properties.
Among product type segments, the emulsions segment is projected to register significant revenue share in the target market. This is due to easy to use and high quality finishing.
Among technology segments, the water-borne segment is projected to account for major revenue share in the potential market in the years to come, owing to it superior qualities such as abrasion resistant and environmental friendly nature.
Among application segments, the residential construction segment is expected to register highest growth in terms of revenue and projected to grow at a rapid rate in the potential market in the years to come. This is due to increasing investments and government initiatives for construction activities in developed and developing countries.
Global Decorative Paints Market: Region Analysis
The market in Asia Pacific is estimated to account for significant revenue share contribution, and expected to dominate in the global decorative paints market. This dominance can be attributed to rapid urbanization, coupled with increasing spending capacity and growing construction activities, government initiative and projects for various infrastructure in countries such as China and India. The Asia Pacific market is projected to grow at a rapid rate in the next 10 years. The Europe decorative paints market is projected to register moderate revenue growth in the target market, followed by North America. This is due to rapid industrialization and presence of prominent players in the region.
Global Decorative Paints Market Segmentation:
Segmentation on the Basis of Resin Type:
- Others (Vinyl Acetate, Epoxy, etc.)
Segmentation on the Basis of Product Type:
- Wood Coating
- Others (Primer, Putty, etc.)
Segmentation on the Basis of Technology:
- Others (Powder-based and Oil-based)
Segmentation on the Basis of Application:
- Residential Construction
- Non-residential Construction
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- PPG Industries Inc.
- Akzonobel N.V.
- The Sherwin-Williams Company
- Asian Paints Limited
- BASF SE
- Arkema S.A.
- DAW SE
- DuluxGroup Ltd.
- Masco Corporation
- Jotun A/S
- Kansai Paints
- Nippon Paints Co. Ltd.
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