Global Decorative Paints & Coatings Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.3 % from 2018 to 2025. In 2018, the global market valuation was USD 144.7 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The global market is expected to witness high boost in developing economies such as Asia Pacific, and North America by cause of increased focus on globalization of market across the region.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global decorative paints & coatings market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global decorative paints & coatings market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Resin Type Insights:
Polyurethane, acrylic, and alkyd is a resin type of decorative paints & coatings. The green grades of alkyd resins were long recognizing based on the fatty acids and polyol that make up most of the resin. As early as its high quality, bright application efficiency had earned the reputation of alkyds due to their low molecular weight. The oxidative drying also provided excellent hardness and resistance to corrosion. Emergent polymerization technologies powered by acrylic and vinyl polymers allowed water-based products to be made safer and cost-effective due to lower crude oil prices. The bulk of the designs is contained in these new water-based paints. It provides a range of performance advantages making the coatings formulators an attractive option for wood applications in general. The drying time is sufficient to allow penetration into the wood substratum. Low-volatile organic compound solvent systems and water-based systems are also widely available, with continuously improved quality and with the increased advantage of higher environmental recognition.
By Application Insights:
This market is focusing based on application residential and non-residential. The most rapidly rising application segment of the decorative paints and coatings sector is the residential segment. The acceleration is largely due to the rise of housing development and the rise of home owning in arising markets. The decorating paints and coatings residential category are also dividing into new building, rehabilitation, and painting. New painting activities relate mainly to new buildings, while the repainting and rebuilding work involves designing a new appearance to an old and decayed building.
The global decorative paints & coatings market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The emergence of many developing countries such as China, India, and Vietnam, who have made significant investments in construction, has pointed to the Asia Pacific taking on a large share in this market. Considering financing differences in Indonesia, it is projecting that, owing to government projects such as seaports, transport, and energy, Vietnam will expand faster in the non-residential building sector. The Asia Pacific is leading by North America, with the market for decorative paint and coatings both in-home and commercial housing sectors being driving by Brazil and Mexico.
Global Decorative Paints & Coatings Market Size, Share Analysis By Region 2018
Global Decorative Paints & Coatings Market Study Objective
1. To forecast the market size of the decorative paints & coatings market in terms of quantity and income as well as market possibilities for shareholders, along with defining and identifying the market, in order to provide a competitive landscape for worldwide market players.
2. Decorative paints & coatings market analysis and forecast based on region, substratum, and implementation or end-use industries. Profiling significant market players and comprehensively analyzing their market stocks and vital skills.
3. To evaluate and elaborate important variables that will have an important effect on edge analytics market growth, such as drivers, constraints, difficulties, and prospects.
4. Decorative paints & coatings market regional assessment to stimulate the size of the market of five main worldwide areas, including Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic assessment of micro markets in terms of individual prospects, possibilities, trends in development and general market participation.
6. To provide a detailed examination of competitive and strategic trends on the decorative paints & coatings market such as a fresh product launch, partnership & contract, investment & development, and mergers & acquisitions of companies.
Key Players Landscape
AkzoNobel, The Sherwin-Williams Company, PPG Industries, Asian Paints, Kansai Paints, Arkema, BASF, Benjamin Moore, Berger Paints, DowDuPont, Masco Corporation, DuluxGroup, NIPPON PAINT, DAW SE, Cromology. Some of others include Dunn-Edwards, NOROO Paint & Coatings, Nuplex Industries, Ring International, Tikkurila, and others are some of the key players in the market of decorative paints & coatings. These businesses have taken various development approaches in order to enhance their business situation. The main growth policies taken by these teams to improve their products' and global existence to satisfy the increasing supply from developing economy bubbles officials are expansion, fresh brand creation, fusion & procurement and cooperation.
Global Decorative Paints & Coatings Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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