The Decorative Coatings market is projected to grow from USD 71.3 Billion in 2021 to USD 91.6 Billion by 2026, at a CAGR of 5.1% between 2021 and 2026. APAC is estimated to be the largest consumer of Decorative Coatings. The global Decorative Coatings market is driven by the growing demand for environmentally-friendly coating systems.
The main technology type used for decorative coatings is waterborne technology, which accounted for 76.0% of the overall market, in terms of value, in 2020. The market for conventional solvent-borne coatings has lost its dominance due to the growing use of solvent-free coatings. . This trend is due to various rules and legislation. Greater emphasis is given on higher functionality coating for both interiors as well as exterior applications. For the exterior, aesthetic appearance and sustainability are maximized, along with durability for asset protection through polymer design improvements and properties such as dirt pickup resistance, which is critical in countries with higher levels of pollution in tropical climates. For the interior segment, the trend is toward waterborne coatings where advanced polymer systems are formulated into a low odor, low-VOC coatings with low odor thresholds.
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The key players operating in the market are PPG Industries Inc. (US), AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (US), BASF SE (Germany) and Asian Paints Limited (India). These players have adopted various strategies, such as mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2016 and 2021. This strategy helped companies enhance their global presence.
Sherwin-Williams is a diversified paints and coatings company. It is a global leader in the manufacturing, development, distribution, and sale of protective coatings and related products for professional, industrial, commercial, and retail customers primarily in North and South America with additional operations in Caribbean region, Europe, Asia, and Australia. It has a strong customer base and operates in several countries of Europe, North America, and APAC. On seeing the products timeline of the organization, it has been seen that they are tirelessly adding the new developed product to their existing products line. As a part of its growth strategy and due to the growing demand for decorative paints in architectural, energy, and construction sectors, the company entered joint ventures with other manufacturers.
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AkzoNobel N.V. is becoming one of the world’s leading decorative paints and coatings companies. The company is continuously focusing on market trends and new developments. For instance, it is highly focused on the production of waterborne paints, as according to the environmental regulations and new trends, the demand for solvent borne paints is expected to slow down soon, mainly in the European and Latin American regions. The company has built its position in the emerging markets i.e., APAC and EMEA. The sales revenue generated from different regions is accounted as followed 63% from EMEA region, 26% from APAC and 11% from South America. The company supplied 130, 000 liters of Decorative paint from their Dulux Professional range to the interior walls, pillars, and ceilings of Indonesia's new Yogyakarta International Airport, officially inaugurated in August.
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Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7476 UpMarketResearch offers a latest published report on “Global Decorative Paints and Coatings Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Decorative Paints and Coatings Market covers:North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) The Major players reported in the market include:AkzoNobelThe Sherwin-Williams CompanyPPG IndustriesAsian PaintsKansai PaintsArkemaBASFBenjamin MooreBerger PaintsCromologyDunn-EdwardsNOROO Paint & CoatingsNuplex IndustriesRing InternationalTikkurila For More Information, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/7476 Global Decorative Paints and Coatings Market: Product Segment Analysis:Solvent basingWater basing Global Decorative Paints and Coatings Market: Application Segment Analysis:Non-residentialResidential The Report covers in-depth analysis as follows:Chapter 1 Industry Overview of Decorative Paints and CoatingsChapter 2 Manufacturing Cost Structure Analysis of Decorative Paints and CoatingsChapter 3 Technical Data and Manufacturing Plants Analysis of Decorative Paints and CoatingsChapter 4 Global Decorative Paints and Coatings Overall Market OverviewChapter 5 Decorative Paints and Coatings Regional Market AnalysisChapter 6 Global 2013-2018E Decorative Paints and Coatings Segment Market Analysis (by Type)Chapter 7 Global 2013-2018E Decorative Paints and Coatings Segment Market Analysis (by Application)Chapter 8 Major Manufacturers Analysis of Decorative Paints and CoatingsChapter 9 Development Trend of Analysis of Decorative Paints and Coatings MarketChapter 10 Decorative Paints and Coatings Marketing Type AnalysisChapter 11 Consumers Analysis of Decorative Paints and CoatingsChapter 12 Conclusion of the Global Decorative Paints and Coatings Market Professional Survey Report 2017 Buy Decorative Paints and Coatings Market analysis & forecast 2018-2023 Report along with complete TOC @ https://www.upmarketresearch.com/buy/decorative-paints-and-coatings-market “Decorative Paints and Coatings Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
Decorative Paints & Coatings market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Decorative Paints & Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Decorative Paints & Coatings market is segmented into:PropyleneAlkydPolyurethane (PU)OtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60554/global-japan-decorative-paints-coatings-2026-338Segment by Application, the Decorative Paints & Coatings market is segmented into:ResidentialBusinessRegional and Country-level Analysis:The Decorative Paints & Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Decorative Paints & Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Decorative Paints & Coatings Market Share Analysis:Decorative Paints & Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
Decorative coatings are the paint or coating materials used or applied for the enhancement of physical strength and aesthetic appeal of the surfaces they are applied to.
They protect against corrosion, bacteria, moisture and even UV radiation.
They are available in a number of different colours which makes the application of these coatings on the different sources appealing.Decorative Coatings Market is set to rise from its initial estimated value of USD 26.97 billion in 2018 to an estimated value of USD 39.09 billion by 2026, registering a CAGR of 4.75% in the forecast period of 2019-2026.
This rise in market value can be attributed to the increased urbanization and industrialization worldwide.
The overall spend on construction has increased which is expected to positively impact the decorative coatings market in the forecast period.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-decorative-coatings-marketMarket Drivers and Restraints:Increased urbanization and industrial worldwide driving the rise in construction is expected to drive the growth for decorative coatings marketAdvancements and developments in the market is also expected to drive the market growthEnvironment effects of solvent-borne coatings with VOC emissions involved in its production is expected to restrain the market growthVulnerability and fluctuation in the prices of raw materials is also expected to restrain the market growth The major players covered in the Decorative Coatings Market Few of the major competitors currently working in the decorative coatings market are PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, NIPSEA GROUP, Kansai Paint Co.Ltd., Bayer AG, KCC CORPORATION, Jotun, Koninklijke DSM N.V., BASF SE, Benjamin Moore & Co., Masco Corporation, DAW SE, The Arkema Group, Berger Paints India Limited, Cabot Corporation, Clariant, Eastman Chemical Company, Tikkurila, Cromology, HEMPEL A/S, Ashland, and RPM International Inc.MAJOR TOC OF THE REPORTChapter One: Decorative Coatings Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Decorative Coatings Market Competition, by PlayersChapter Four: Global Decorative Coatings Market Size by RegionsChapter Five: North America Decorative Coatings Market Revenue by CountriesChapter Six: Europe Decorative Coatings Market Revenue by CountriesChapter Seven: Asia-Pacific Decorative Coatings Market Revenue by CountriesChapter Eight: South America Decorative Coatings Market Revenue by CountriesGet Detail TOC@https://www.databridgemarketresearch.com/toc/?dbmr=global-decorative-coatings-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Decorative Coatings Market Analysis of market effect factors and their impact on the forecast and outlook of the global Decorative Coatings Market The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Decorative Coatings Market A roadmap of growth opportunities available in the global Decorative Coatings Market with the identification of key factorsThe exhaustive analysis of various trends of the global Decorative Coatings Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Decorative Coatings Market ?What will the Decorative Coatings Market Demand and what will be Growth?What are the latest opportunities for Decorative Coatings Market in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-decorative-coatings-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market
