Decorative Coatings Market Research 2022-2030
The global decorative coatings market demand is primarily supported by the ongoing boom in the construction industry. Upon this, Market Research Future Reports has published its latest reports on global decorative coatings market which states that it will propel outstandingly during the assessment period, 2022 to 2030.
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Global decorative coatings market has observed a drastic change since the past decade. However, it has managed to maintain a growth rate until the present time. Decorative coatings are considered as a part of architectural coatings that are primarily applied to buildings, commercial offices, and complexes. Thus, the purpose these decorative coatings serve is mainly for decoration and protection against UV radiation, extreme temperature, moisture, and microorganisms. Also, these offer many benefits such as light absorption, insulation, and reflection that helps in increasing the durability of the structure. On the other hand, decorative coatings are also widely used as a protectant and colorant especially for metal, wooden and concrete structures.
Global Decorative Coatings Market: Drivers Trends
As per the market’s analysis, some of the prominent market factors that are identified as growth makers for the market include rising construction sector, higher usage of ingredient like nanoparticles in water-based decorative coatings. Adding to this, the market share for the decorative coatings is also proliferating owing to the contribution from manufacturers who are supporting green trend and prefer using water-soluble decorative coatings. Such water-soluble decorative coating offers high durability, dries quickly and lasts with less stench. These factors are making the global decorative coatings market to spur radically in the years to come.
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Moreover, the demand for decorative coatings is also expected to witness significant growth over the assessment period owing to the surging population coupled with the booming construction industry for building residential area, office spaces, complexes and more. Thus, the rising disposable income in the emerging economies is also predicted to boost the development of the market at the time of assessment period, 2022 to 2030.
Moving forward, the ongoing development of products by various companies to manufacture cost-efficient and high-performance coatings is also further expected to drive the demand for decorative coatings market research over the next five years. However, the execution of strict regulations by various government bodies has restricted the use of toxic organic chemicals being used in the production of decorative coatings is assumed to hamper the growth of the market.
Global Decorative Coatings Market Segmentation
As per the analysis of MRFR reports of global decorative coatings market, it is segmented on the basis of type, technology, application, and region.
By the segmentation of type, the market is bifurcated into primer, enamel, emulsion, and others.
By the segmentation of technology, the market is segmented into waterborne and solvent-borne.
By the segmentation of application, the decorative coatings market is categorized into residential, non-residential and others.
Regional Outlook
On a graphical front, the market has covered significant regions such as Asia Pacific, Europe, Latin America, North America, and the Middle East Africa.
Asia Pacific is expected to proliferate at the highest CAGR during the review period, 2022 to 2030 accounting on expanding construction industry. The demand for decorative coatings is estimated to surge in the Middle East Africa, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait owing to a high adoption rate in the construction industry. Also, this region is firmly known for the world’s fastest growing markets which is contributing a more substantial share on the global level. Besides, the rising awareness about durable coatings and environmental concerns in various countries such as China, India, Malaysia, Thailand, and Japan are also expected to raise the demand for eco-friendly based decorative coatings and thus, fueling the demand for decorative coatings over the forecast period, 2022 to 2030.
Next, in Europe, the demand for decorative coatings is also mounting in countries such as Italy, Germany, Spain, U.K, France, and Russia accounting for increasing expenditure in innovation and growing purchasing power of consumers. Besides, due to the presence of major decorative coatings manufacturers, specifically in Germany is hence making the market to give a momentum towards a considerable growth in the future timeline. The Asia Pacific, decorative coatings market, is predicted to grow with the moderate CAGR due to developing construction industry and expanding middle-class populace in India and China.
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Market Key Players:
MRFR has accumulated some of the prominent players operating in the Global Decorative Coatings Market that are listed as BASF SE (Germany), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (Switzerland), Kansai Paint Co., Ltd. (U.S.), The Valspar Corporation (U.S.), Arkema S.A. (France), Nippon Paints Co. Ltd (Japan), and Tikkurila Oyj (Finalnd) among others.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Decorative Coatings Market
5 Industry Overview Of Global Decorative Coatings Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
- Global Decorative Coatings Market By Type
7.1 Introduction
7.2 Primer
7.2.1 Market Estimates Forecast, 2020-2027
7.2.2 Market Estimates Forecast By Region, 2020-2027
7.3 Enamel
7.3.1 Market Estimates Forecast, 2020-2027
7.3.2 Market Estimates Forecast By Region, 2020-2027
7.4 Emulsion
7.4.1 Market Estimates Forecast, 2020-2027
7.4.2 Market Estimates Forecast By Region, 2020-2027
7.5 Others
7.5.1 Market Estimates Forecast, 2020-2027
7.5.2 Market Estimates Forecast By Region, 2020-2027
- Global Decorative Coatings Market By Technology
8.1 Introduction
8.2 Water Borne
8.2.1 Market Estimates Forecast, 2020-2027
8.2.2 Market Estimates Forecast By Region, 2020-2027
8.3 Solvent Borne
8.3.1 Market Estimates Forecast, 2020-2027
8.3.2 Market Estimates Forecast By Region, 2020-2027
- Global Decorative Coatings Market By Application
9.1 Introduction
9.2 Residential
9.2.1 Market Estimates Forecast, 2020-2027
9.2.2 Market Estimates Forecast By Region, 2020-2027
9.3 Non-Residential
9.3.1 Market Estimates Forecast, 2020-2027
8.3.2 Market Estimates Forecast By Region, 2020-2027
9.4 Others
9.4.1 Market Estimates Forecast, 2020-2027
9.4.2 Market Estimates Forecast By Region, 2020-2027
- Global Decorative Coatings Market By Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates Forecast, 2020-2027
10.2.2 Market Estimates Forecast By Type, 2020-2027
10.2.3 Market Estimates Forecast By Technology, 2020-2027
10.2.4 U.S.
10.2.4.1 Market Estimates Forecast, 2020-2027
10.2.4.2 Market Estimates Forecast By Type, 2020-2027
10.2.4.3 Market Estimates Forecast By Technology, 2020-2027
10.2.5 Canada
10.2.5.1 Market Estimates Forecast, 2020-2027
10.2.5.2 Market Estimates Forecast By Type, 2020-2027
10.2.5.3 Market Estimates Forecast By Technology, 2020-2027
10.2.6 Mexico
10.2.6.1 Market Estimates Forecast, 2020-2027
10.2.6.2 Market Estimates Forecast By Type, 2020-2027
10.2.6.3 Market Estimates Forecast By Technology, 2020-2027
10.3 Europe
10.3.1 Market Estimates Forecast, 2020-2027
10.3.2 Market Estimates Forecast By Type, 2020-2027
10.3.3 Market Estimates Forecast By Technology, 2020-2027
10.3.4 Germany
10.3.4.1 Market Estimates Forecast, 2020-2027
10.3.4.2 Market Estimates Forecast By Type, 2020-2027
10.3.4.3 Market Estimates Forecast By Technology, 2020-2027
10.3.5 Italy
10.3.5.1 Market Estimates Forecast, 2020-2027
10.3.5.2 Market Estimates Forecast By Type, 2020-2027
10.3.5.3 Market Estimates Forecast By Technology, 2020-2027
10.3.6 U.K
10.3.6.1 Market Estimates Forecast, 2020-2027
10.3.6.2 Market Estimates Forecast By Type, 2020-2027
10.3.6.3 Market Estimates Forecast By Technology, 2020-2027
10.4 Asia Pacific
10.4.1 Market Estimates Forecast, 2020-2027
10.4.2 Market Estimates Forecast By Type, 2020-2027
10.4.3 Market Estimates Forecast By Technology, 2020-2027
10.4.4 China
10.4.4.1 Market Estimates Forecast, 2020-2027
10.4.4.2 Market Estimates Forecast By Type, 2020-2027
10.4.4.3 Market Estimates Forecast By Technology, 2020-2027
10.4.5 India
10.4.5.1 Market Estimates Forecast, 2020-2027
10.4.5.2 Market Estimates Forecast By Type, 2020-2027
10.4.5.3 Market Estimates Forecast By Technology, 2020-2027
10.4.6 Japan
10.4.6.1 Market Estimates Forecast, 2020-2027
10.4.6.2 Market Estimates Forecast By Type, 2020-2027
10.4.6.3 Market Estimates Forecast By Technology, 2020-2027
10.4.7 Rest Of Asia Pacific
10.4.7.1 Market Estimates Forecast, 2020-2027
10.4.7.2 Market Estimates Forecast By Type, 2020-2027
10.4.7.3 Market Estimates Forecast By Technology, 2020-2027
10.5 Middle East Africa
10.5.1 Market Estimates Forecast, 2020-2027
10.5.2 Market Estimates Forecast By Type, 2020-2027
10.5.3 Market Estimates Forecast By Technology, 2020-2027
10.5.4 Saudi Arabia
10.5.4.1 Market Estimates Forecast, 2020-2027
10.5.4.2 Market Estimates Forecast By Type, 2020-2027
10.5.4.3 Market Estimates Forecast By Technology, 2020-2027
10.5.5 Qatar
10.5.5.1 Market Estimates Forecast, 2020-2027
10.5.5.2 Market Estimates Forecast By Type, 2020-2027
10.5.5.3 Market Estimates Forecast By Technology, 2020-2027
10.5.6 North Africa
10.5.6.1 Market Estimates Forecast, 2020-2027
10.5.6.2 Market Estimates Forecast By Type, 2020-2027
10.5.6.3 Market Estimates Forecast By Technology, 2020-2027
10.5.7 GCC
10.5.7.1 Market Estimates Forecast, 2020-2027
10.5.7.2 Market Estimates Forecast By Type, 2020-2027
10.5.7.3 Market Estimates Forecast By Technology, 2020-2027
10.5.8 Rest Of Middle East Africa
10.5.8.1 Market Estimates Forecast, 2020-2027
10.5.8.2 Market Estimates Forecast By Type, 2020-2027
10.5.8.3 Market Estimates Forecast By Technology, 2020-2027
10.6 Latin America
10.6.1 Market Estimates Forecast, 2020-2027
10.6.2 Market Estimates Forecast By Type, 2020-2027
10.6.3 Market Estimates Forecast By Technology, 2020-2027
10.6.4 Brazil
10.6.4.1 Market Estimates Forecast, 2020-2027
10.6.4.2 Market Estimates Forecast By Type, 2020-2027
10.6.4.3 Market Estimates Forecast By Technology, 2020-2027
10.6.5 Argentina
10.6.5.1 Market Estimates Forecast, 2020-2027
10.6.5.2 Market Estimates Forecast By Type, 2020-2027
10.6.5.3 Market Estimates Forecast By Technology, 2020-2027
10.6.6 Uruguay
10.6.6.1 Market Estimates Forecast, 2020-2027
10.6.6.2 Market Estimates Forecast By Type, 2020-2027
10.6.6.3 Market Estimates Forecast By Technology, 2020-2027
10.6.7 Rest Of Latin America
10.6.7.1 Market Estimates Forecast, 2020-2027
10.6.7.2 Market Estimates Forecast By Type, 2020-2027
10.6.7.3 Market Estimates Forecast By Technology, 2020-2027
- Company Landscape
- Company Profiles
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