Global Decorative Paint and Coatings Market, By Resin Type (Acrylic, Alkyd, Polyurethane, Polyester, Epoxy, Others), Product Type (Emulsion, Enamel, Wood Coating and Others), Application (Residential Construction, Non- Residential Construction), Technology (Water-Based, Solvent-Based, High Solids, Powder), Distribution Channel (Online, Offline), 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 the Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Decorative Paint and Coatings Market
The decorative paint and coatings market is expected to witness market growth at a rate of 6.3% in the forecast period of 2022 to 2029. Data Bridge Market Research report on decorative paint and coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the industrialization is escalating the growth of decorative paint and coatings market.
Decorative paint and coatings are known to be specifically designed majorly for protection and decoration purposes in the buildings. They are the capability to protect the buildings against UV moisture, radiation and microorganisms.
Major factors that are expected to boost the growth of the decorative paint and coatings market in the forecast period are the rise in the urbanization and the growing home ownership. Furthermore, the increasing demand of decorative paints and coating from construction industry is further anticipated to propel the growth of the decorative paint and coatings market. Moreover, the growing trends of water-based decorative paints and coatings is further estimated to cushion the growth of the decorative paint and coatings market. On the other hand, the variation in the cost of the raw material is further projected to impede the growth of the decorative paint and coatings market in the timeline period.
In addition, the rise in the automotive industry will further provide potential opportunities for the growth of the decorative paint and coatings market in the coming years. However, the hazardous impacts of lead in paints on the environment might further challenge the growth of the decorative paint and coatings market in the near future.
This decorative paint and coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the decorative paint and 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.
Global Decorative Paint and Coatings Market Scope and Market Size
The decorative paint and coatings market is segmented on the basis of resin type, product type, application, technology and distribution channel. 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.
- On the basis of resin type, the decorative paints and coating market is segmented into acrylic, alkyd, polyurethane, polyester, epoxy, and other.
- On the basis of product type, the decorative paints and coating market is segmented into emulsion, enamel, wood coating and others.
- On the basis of application, the decorative paint and coatings market is segmented into residential construction and non-residential construction.
- On the basis of technology, the decorative paint and coatings market is segmented into water-based, high solids, powder and solvent based.
- On the basis of distribution channel, the decorative paint and coatings market is segmented into online and offline.
Decorative Paint and Coatings Market Country Level Analysis
The decorative paint and coatings market is analyzed, and market size, volume information is provided by country, resin type, product type, application, technology and distribution channel as referenced above.
The countries covered in the decorative paint and coatings market report are the 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the decorative paint and coatings market due to the rise in the urbanization. Furthermore, the growing construction activity will further boost the growth of the decorative paint and coatings market in the region during the forecast period. North America is projected to observe significant amount of growth in the decorative paint and coatings market due to the growing urbanization.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Decorative Paint and Coatings Market Share Analysis
The decorative paint and coatings market competitive landscape provides details by a 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 the decorative paint and coatings market.
Some of the major players operating in the decorative paint and coatings market are PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Asian Paints Ltd., Masco Corporation, DAW SE, DuluxGroup Ltd., Jotun, Kansai Paint Co., Ltd., Nippon Paint (India) Company Limited., BASF SE, Berger Paints India Limited, Cromology, Diamond Vogel, Dunn-Edwards Corporation, Hempel A/S, National Paints Factories Co. Ltd., and TIKKURILA OYJ among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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