Decorative Paints & Coatings Market 2018 Top Key Players Analysis, Production Growth, Materials and Business Development Strategies till 2025

The global decorative paints & coatings market is set to experience favorable growth driven by factors such as rising residential construction, rapid urbanization, refurbishment activity expenditure and accelerating economic growth.

Dallas, United States - January 3, 2019 /MarketersMedia/ —

A publication on the “Global Decorative Paints and Coatings Market 2017 By Technology (Waterborne Coatings and Solventborne Coatings),By Product (Primer, Enamel, Emulsions and Others), By End Use (Residential and Commercial), By Region And Forecasts, 2018 To 2025” was revealed by Adroit Market Research today. The publication covers the estimates for the decorative paints & coatings market size and consumption for a period ranging between 2015 and 2025. The decorative paints and coatings market is also analyzed using Porter’s five forces analysis and PESTEL analysis. The report also covers global decorative paints & coatings market insights such as drivers, restraints and value chain. The report also covers in-depth analysis of the key players that hold a significant place in the global decorative paints and coatings market share. The global decorative paints and coatings market types have been analyzed in detail on a global, regional, and country-level.

The 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. The growth in the demand for decorative paints & coatings is supported by the ongoing boom in the global construction industry, especially residential construction.

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Decorative paints & coatings are primarily applied to civil structures such as buildings, residential and commercial spaces. These coatings are applied to giving a pleasant visual appeal along with increasing the durability of the structure. Decorative paints and coatings protect the structure from extreme weather conditions, UV radiation, microorganisms, and moisture. Primer, enamel, emulsion among others are major categories of decorative paint and coatings market types, of which emulsion is projected to lead the demand with CAGR 6.2% over the forecast period. On the basis of technology, waterborne coatings are largely replacing the traditional solvent-based decorative paints and coatings owing to its superior characteristics coupled with eco-friendly nature.

The scope of our study includes global decorative paints and coatings market primarily covered for residential and commercial applications. Decorative coatings are applied to walls, ceiling, wooden and related structures for protecting the structure from external conditions along with giving superior look and feel. Hence, they are mainly applied to residential houses and buildings. Thus, the residential segment is projected to dominate the global decorative paints and coatings market share. Emerging demand for new residential construction, especially from Asia Pacific region, is projected to propel the decorative paints & coatings market size. The growing demand in the global decorative paints and coatings market is well supported by the ongoing demand in the global construction industry.

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The global construction industry is projected to grow around 4-6% over the next few years. Strengthening economic conditions coupled with impressive growth in urbanization in the Asia Pacific region has propelled the growth of the construction industry. Matured economies such as the U.S. and Europe are also projected to show positive growth owing to increasing demand for residential construction. However, Latin America is projected to show positive growth in later years of the forecast period owing to its recent recovery from economic crisis. Overall, Asia Pacific is projected to dominate the global decorative paints and coatings market share.

PPG Industries Inc., AkzoNobel N.V., The Sherwin Williams Company, Asian Paints Limited, Kansai Paints, Nippon Paints Co. Ltd. are some of the global players that account for a considerable share in the global decorative paints & coatings market size. The global decorative paints and coatings have a significant presence of regional and local players. Merger & acquisition of these local players by global companies is one of the key trend observed in the market. For instance, in November 2018, AkzoNobel acquired Malaysia’s Colourland Paints business thereby strengthening business in Southeast Asia.

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
S.
Canada
Europe
Germany
UK
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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