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Decorative Paints And Coatings Market
Global Decorative Paints & Coatings Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 5.73% during forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing demand from construction industry worldwide is the major factot driving the Global Decorative Paints & Coatings Market. Rapid urbanization across the global cell results in an increasing structure for various purposes like house, offices, and industries for the long-time protection of this construction from dust and moistures point and coating are necessary this makes global decorative paints & coatings market to gain the demand for a better and innovative product. Although global decorative ...
... paints & coatings market is fast-growing market, major contribution is form dominating region like Asia Pacific, North America this makes market dependent on geography of those region restraining global decorative paints & coatings market.
Also, the environmental damage caused because of production of the paints and coating compels the government agencies to impose strict regulations on major companies which in turn restrains the market growth. On the basis of the resin type segment, acrylic segment is estimated to grow at highest CAGR during the forecast period, because of their chemical characteristics and unique aesthetic properties. These resins encompass properties like durability, exceptional weather ability, waterproofing, and excellent electrostatic characteristics. Acrylics are available as emulsions, enamels, lacquers, and powders. Also, acrylic-based paints possess good color and gloss retention, along with durability and protection from degradation. Based on the application segment, residential segment is fastest-growing application segment of the global decorative paints & coatings market.
This growth is mainly attributed to increase in residential construction activities and rise in homeownership rates in emerging markets. The residential segment of the global decorative paints & coatings market has been further classified into new construction/new paint and reconstruction/repainting. New painting activities are mainly associated with new build residential constructions, whereas, repainting/reconstruction activities are associated with offering a new look to an old and dilapidated building. In terms of region, Asia-Pacific is projected to be the largest and fastest-growing market for decorative paints & coatings, both in terms of value and volume.
Growth of the global decorative paints & coatings market in Asia-Pacific region is primarily driven by rapid urbanization, increase in disposable income of middle-class population, and expansion of construction industry in this region. China, India, Australia & New Zealand, Indonesia, Japan, and South Korea, among others, are witnessing an increase in demand for decorative paints & coatings. Among all countries, China accounted for largest share of Asia-Pacific decorative paints & coatings market, because of an increased focus on eco-friendly products and a rise in construction activities. Also, several leading players are shifting their production base to China, because of low-cost labor and easy accessibility of raw materials in this country. This report focuses on global decorative paints and coatings volume and value at global level, regional level, and company level. From a global perspective, this report represents overall global decorative paints and coatings market size by analyzing historical data and prospects. Regionally, this report focuses on several key regions North America, China, Europe, and Japan.
At the company level, this report focuses on the manufacture capacity, ex-factory price, and revenue and market share for each constructer covered in this report. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global decorative paints & coatings market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global decorative paints & coatings market.
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Scope of the Global Decorative Paints & Coatings Market
Global Decorative Paints & Coatings Market, By Resin Type
• Acrylic • Alkyd • Polyurethane • Others
Global Decorative Paints & Coatings Market, By Application
• Residential Construction • Non-Residential Construction
Global Decorative Paints & Coatings Market, By Product Type
• Emulsions • Wood Coating • Enamels • Distempers • Others
Global Decorative Paints & Coatings Market, By Technology
• Water-Based • Solvent-Based
Global Decorative Paints & Coatings Market, By Region
• North America • Europe • Asia Pacific • Middle East and Africa • South America
Key players operating in Global Decorative Paints & Coatings Market
• PPG Industries Inc. • Akzonobel N.V. • The Sherwin-Williams Company • Asian Paints Limited • Masco Corporation • DAW SE • Duluxgroup Ltd • Jotun A/S • Kansai Paints • Nippon Paints Co. Ltd • BASF Coatings GmbH • Benjamin Moore & Co. Inc. • Berger Paints India Ltd. • Cromology (Formerly Materis Paint) • Diamond Vogel • Dunn Edwards • Fujikura Kasei Co. Ltd. • Hempel A/S • KC Corporation Ltd • National Paints Factories Co. • Noroo Paint Co. Ltd • Pintuco S. A. • Ring International Holding • SK Kaken • Tikkurila OYJ
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