Global Decorative Coatings Market was valued at USD 64.1 Billion in 2021 and is expected to reach USD 85.9 Billion by the year 2028, at a CAGR of 4.1%.
Decorative coatings, being scratch resistant, and giving a lustrous colour to metal and plastic substrates, are used in a lot of applications. Decorative coatings help enhance aesthetics and provide safety for unique surfaces. Decorative coatings, being scratch resistant, and giving a lustrous colour to metal and plastic substrates, are used in a lot of applications. Decorative coatings help enhance aesthetics and provide safety for unique surfaces. It can be applied to residential dwellings on ceiling coatings, wall paints or surface finishes, buildings, decorations and fixtures.
Market Dynamics for Decorative Coatings Market:
The world's population is growing exponentially, especially in urban areas, creating a growing need for well-built buildings and infrastructure. The number of homes and commercial buildings will increase rapidly in the coming decades, resulting in an increased demand for building materials. To meet this demand, the construction industry needs to balance many trends, including higher performance, increased durability, improved safety, better aesthetics, reduced maintenance, increased energy efficiency, reduced material and waste, and reduced costs.
Top Key Players Involved in Decorative Coating Market:
- Asian Paints
- Axalta
- AkzoNobel
- Berger Paints
- Benjamin Moore
- BASF
- Cromology
- Covestro
- DowDuPont
- DAW SE
- Dunn-Edwards
- DuluxGroup
- RPM International
- The Sherwin-Williams Company
- PPG Industries
- Kansai Paints
- Arkema
- Masco Corporation
- NIPPON PAINT
- NOROO Paint & Coatings
- Nuplex Industries
- Ring International
- Tikkurila and others major players.
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Market Segmentation of Decorative Coatings Market:
Decorative Coatings Market is segmented into Resin Type, Technology, Application and region. Depending on the type of product, the emulsion-based products segment holds the maximum market share of decorative coatings and is expected to continue during the forecast period. Emulsion-based paints are increasingly popular among consumers due to their low toxicity, lack of odour and the release of small amounts of VOCs. These images have grown exponentially in the past few years with rapid urbanization, economic recovery and increased disposable income.
By Resin Type:
- Acrylic
- Polyurethane
- Alkyd
- Vinyl
- Others
By Technology:
- Wood Coatings
- Emulsion
- Enamels
- Primer
- Others
By Application:
- Residential
- Non-Residential
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic is now no longer a public health risk to our communities and each of us. It also represents a financial risk to the survival of many groups and organizations. In addition to facing some of the cascading repercussions of the coronavirus pandemic, the filming organization has addressed the repercussions of several issues, along with factory closures due to extreme weather activities and persevering with transportation and shipping issues for each uncooked item and completed merchandise. Among those tough situations, discover primer and paint tips and tricks to fit and transform into extra flexibility.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2016-2021 |
| Base year considered | 2021 |
| Forecast period | 2022–2028 |
| Forecast units | Billion (USD) |
| Segments covered | Type, Application, and Region |
| Geographies covered | North America, APAC, Europe, MEA, and Latin America |
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