Global Decorative Coatings Market, By Product (Primer, Enamel, Emulsions, Others), Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others), Formulation (Water-Based, Solvent-Based), Substrate (Metal, Plastic, Glass, Others), Coat Type (Top Coat, Base Coat, Others), Application (Architectural, Automotive, Domestic Appliances, Medical, Sporting Goods, Jewellery, Cosmetics, Aerospace), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Decorative Coatings Market
Decorative coatings market will grow at a rate of 4.70% for the forecast period of 2021 to 2028. Rising growth of the construction industry is a vital factor driving the growth of decorative coatings market.
Decorative coatings are the type of paint or coating materials which is used or applied for the enhancement of physical strength and aesthetic appeal of the surfaces they are applied to. They help in protection 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.
Rising environmentally-friendly coating systems is the vital factor escalating the market growth, also increasing durable coatings with better performance and aesthetics, rising urbanization and industrialization all over the globe, rising advancements and developments in the market, increasing demand for these products in buildings as it enhances durability and appearances of the surface as well as protecting it from harsh weather and external conditions such as UV radiation, extreme temperature, acid rain, and foreign particles, rising use in construction applications across various countries including China, U.S., Mexico, Qatar, UAE, India, Vietnam, and Singapore and increasing superior properties including moisture, corrosion resistance, UV radiation, bacteria, and heat resistance are the major factors among others driving the decorative coatings market. Moreover, rising growth in less regulated regions, rising research and development activities in the market and increasing investments in emerging markets will further create new opportunities for the decorative coatings market in the forecast period of 2021- 2028.
However, increasing environment effects of solvent-borne coatings with VOC emissions involved in its production and rising vulnerability and fluctuation in the prices of raw materials are the major factors among others acting as restraints, while rising stringent and time-consuming regulatory policies and increasing volatility in prices of titanium dioxide will further challenge the growth of decorative coatings market in the forecast period mentioned above.
This decorative coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on decorative coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Decorative Coatings Market Scope and Market Size
Decorative coatings market is segmented on the basis of product, resin type, formulation, substrate, coat type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the decorative coatings market is segmented into primer, enamel, emulsions and others.
- On the basis of resin type, the decorative coatings market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester and others.
- Based on formulation, the decorative coatings market is segmented into water-based and solvent-based.
- Based on substrate, the decorative coatings market is segmented into metal, plastic, glass and others.
- Based on coat type, the decorative coatings market is segmented into top coat, base coat and others.
- The decorative coatings market is also segmented on the basis of application into architectural, automotive, domestic appliances, medical, sporting goods, jewellery, cosmetics and aerospace.
Decorative Coatings Market Country Level Analysis
Decorative coatings market is analysed and market size, volume information is provided by country, product, resin type, formulation, substrate, coat type and application as referenced above.
The countries covered in the decorative coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the decorative coatings market due to rising construction spending along with rapid economic development in China, India, Indonesia, South Korea, and Thailand and growing domestic producers along with increasing infrastructure sector in this region. Middle East and Africa (MEA) is the expected region in terms of growth in decorative coatings market due to increasing construction activities mainly in UAE and Qatar due to economic recovery, advanced real estate regulatory framework, and increasing infrastructure project in this region.
The country section of the decorative coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Decorative Coatings Market Share Analysis
Decorative coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to decorative coatings market.
The major players covered in the decorative coatings market report 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., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.