Decorative Coatings - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Decorative Coatings Market is accounted for $63.20 billion in 2018 and is expected to reach $106.78 billion by 2027 growing at a CAGR of 6.0% during the forecast period. While the factors like growth of the construction industry, and environmentally-friendly coating systems are driving the growth of the market. However, volatility in prices of titanium dioxide is hindering the market growth.
Decorative coatings are the paint applied to upgrade and furthermore to protect the interior or exterior surface of the structure. It very well may be applied on residential apartments, building, trims and fittings. Decorative coatings are accessible in different colors which give a well-finished look to the wall or any application. They are fundamentally applied for decorative purpose as well as for protecting the surface from water leakage, fungus, corrosion, and UV radiation. These sorts of coatings include wall paints, wood finishes, and enamel products.
Based on technology, powder coatings segment is likely to have a huge demand because of their lower operating cost, high working efficiencies, no VOC emissions, and low sparkle dangers. By geography, APAC is going to have a lucrative growth during the forecast period owing to growing population and economic growth. There is an increase in demand from construction in Asia-Pacific, which is mostly backed by the expansion of the region’s increasing household activities. This increased demand, in turn, drives the market in Asia-Pacific. Presence of some of the fastest-growing economies, such as South Korea, China and India, and increasing demand from construction and automotive industries play a crucial role in driving the market in the this region.
Some of the key players in Global Decorative Coatings market include BASF SE, Akzo Nobel N.V., Masco Corporation, Kansai Paint Co., LTD., Arkema S.A., The Sherwin-Williams Company, RPM International Inc., PPG Industries, Inc., Nippon Paint Holdings Co., LTD., The Valspar Corporation, Asian Paints Limited, Tikkurila Oyj, Jotun Group, DAW SE, Duluxgroup LTD., and Diamond-Vogel Paint Company.
Coating Types Covered:
Product Types Covered:
• Wood Coatings
• House Paint
• Other Product Types
Resin Types Covered:
• Alkyd Resin
• Acrylic Resin
• Polyurethane Resin
• Ester Resin
• Vinyl Resin
• Other Resin Types
Coat Types Covered:
• Base Coat
• Top Coat
• Powder Coatings
• Waterborne Coatings
• Solventborne Coatings
User Types Covered:
• Do It Yourself (DIY)
• Domestic Appliances
• Sporting Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.