Decorative Paints and Coatings Market By Product Type, Technology & End User, Segmentation, Region, and Country 2021
Global decorative paints and coatings market size is projected to exceed USD 110 billion in 2025 rising with remarkable CAGR of 5.8% during the forecast period.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Decorative paints and coatings refer to the products specially designed to be used in decoration and protection purposes in the buildings. These paints and coatings have the ability to protect building from microorganisms, moisture, UV radiation and temperature. They also provide several benefits like anti-skid properties, reflection, light absorption and insulation. The global market for decorative paints and coatings is mainly related to products that are used in the construction and building industry to provide enhanced aesthetics. The decorative paints and coatings are being widely adopted all over the globe. The Global Decorative Paints and Coatings Market have recorded a praiseworthy growth in the overall performance over the recent years.
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The growth of the industry is accredited by abundant growth drivers. The emerging adoption of these paints and coatings in various end use industries is one of the crucial aspects behind the upsurge in the industry growth. In addition to that, the rising number of technological advancements in the sector has also been propelling the growth of the Decorative Paints and Coatings industry. With rise in the urbanization, there has been seen an emergence in the home ownership which is anticipated to boost the demand for Decorative Paints and Coatings in coming years. This escalating demand for these products is expected to propel the enlargement of the global market.
The water based decorative paints and coatings are gaining a major traction across the globe. Furthermore, the increase in the consumption of nanocoating is another fundamental aspect expected to push the industry growth forward in the forecasted era. In addition to that, factors like emerging demand for green and environment-friendly coatings, growing purchasing power, stringent environmental regulations, increasing investment in infrastructure and economic growth in developing countries are also acting like catalyst for the growth of the decorative paints and coatings market. However, this growth is anticipated to get restrained by the factors like fluctuating prices of the raw material, environmental damage caused, etc.
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The global decorative paints & coatings market size is driven by the key players such as PPG Industries Inc., AkzoNobel N.V., The Sherwin Willams Company, Asian Paints Limited, Kansai Paints, Nippon Paints Co. Ltd. The global decorative paints and coatings market is marked by the presence of several global as well as regional and local players. Merger & acquisition one of the key strategy followed by the global market players in order to strengthen their geographical presence. In November 2018, AkzoNobel acquired Malaysia’s Colourland Paints business thereby strengthening business in Southeast Asia. Likewise, in September 2018, AkzoNobel N.V. acquired Xylazel S.A. (Xylazel), subsidiary of Pharma Mar S.A. (PHM) thereby becoming a leader in the woodcare and decorative paints in Spain.
Key segments of the global decorative paints and coatings market
Product Overview, 2015-2025 (USD Million) (Kilo Tons)
• Primer
• Enamel
• Emulsions
• Others
Technology Overview, 2015-2025 (USD Million) (Kilo Tons)
• Waterborne Coatings
• Solventborne Coatings
End Use Overview, 2015-2025 (USD Million) (Kilo Tons)
• Residential
• Commercial
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
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Some Major Points form TOC
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Decorative Paints and Coatings Market Overview, By Product
Chapter 5. Decorative Paints and Coatings Market Overview, By Technology
Chapter 6. Decorative Paints and Coatings Market Overview, By End Use
Chapter 7. Decorative Paints and Coatings Market Overview, By Region
Chapter 8. Market Competition
Chapter 9. Company Profiles
9.1. PPG Industries Inc.
9.2. The Sherwin-Williams Company
9.3. Akzonobel N.V.
9.4. Asian Paints Limited
9.5. Kansai Paints
9.6. Masco Corporation
9.7. Nippon Paints Co. Ltd
9.8. BASF Coatings GmbH
9.9. Other notable players
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