Global Decorative Paints & Coatings Market is Projected to Grow from USD 67.0 Billion in 2019 to USD 82.4 Billion by 2024, at a CAGR of 4.2% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 30, 2020--
The “Decorative Coatings Market by Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solventborne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The market in APAC is witnessing high growth, which is expected to continue in the near future because of increasing residential construction and improved home remodeling practices along with rising per capita paints consumption.
Residential is projected to be the largest and fastest-growing segment in decorative paints & coatings market
Better economic growth and higher incomes in the last few years have resulted in the construction of several new houses and remodeling of old ones. Decorative paints and coatings for residential construction applications include new paint and repainting. These coatings mainly include architectural and functional products, such as paints, stains, lacquers, enamels, and emulsions. New paint is mainly associated with newly built residential constructions, which include both their interior and exterior application areas. So, this drives the demand for residential decorative paints and coatings.
Acrylic resin was the fastest-growing segment of the decorative paints & coatings market
Acrylic was the fastest-growing segment in 2018 because of its preferred choice in major applications. Acrylic paints & coatings are easy to apply and can be cleaned up with water. The weathering and oxidation resistance of acrylics is better than oil-based paints, alkyds, or epoxies as the chief components of acrylic polymers provide a polymer structure that has little tendency to absorb UV light. Acrylics possess good color and gloss retention. Moreover, they are in high demand as they are low-cost materials that provide good chemical as well as photochemical resistance, better stain protection, water resistance, and have better adhesion to surfaces.
APAC accounts for the largest decorative paints & coatings market amongst other regions
APAC is projected to be the fastest-growing market, in terms of both volume and value, during the forecast period. The market in the region is driven by the growing population and economic growth. Both residential and non-residential sectors are expected to grow in China and India during the forecast period, which, in turn, will drive the demand for decorative paints & coatings in this industry.
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Decorative Paints & Coatings Market
4.2 Decorative Paints & Coatings Market Growth, By Resin Type
4.3 APAC Decorative Paints & Coatings Market, By Technology and Country
4.4 Decorative Paints & Coatings Market, By Country
4.5 Decorative Paints & Coatings Market: Developed vs Developing Countries
4.6 Decorative Paints & Coatings Market: Significant Growth in Demand From APAC Witnessed
5 Market Overview
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.4 Macro Indicator Analysis
6 Decorative Paints & Coatings Market, By Resin Type
6.2 Acrylic Resin
6.3 Alkyd Resin
6.4 Vinyl Resin
6.5 Polyurethane Resin
7 Decorative Paints & Coatings Market, By Technology
7.2 Waterborne Coatings
7.3 Solventborne Coatings
7.4 Powder Coatings
8 Decorative Paints & Coatings Market, By Coating Type
9 Decorative Paints & Coatings Market, By User Type
10 Decorative Paints & Coatings Market, By Product Type
10.3 Wood Coatings
11 Decorative Paints & Coatings Market, By Application
12 Decorative Paints & Coatings Market, By Region
12.3 North America
12.5 Middle East & Africa
12.6 South America
13 Competitive Landscape
13.2 Competitive Leadership Mapping, 2018
13.3 Strength of Product Portfolio
13.4 Market Ranking of Key Players
13.5 Competitive Situation & Trends
14 Company Profiles
14.1 The Sherwin-Williams Company
14.2 PPG Industries, Inc.
14.3 Akzo Nobel N.V.
14.4 BASF SE
14.5 Asian Paints Limited
14.6 Kansai Paint Co., LTD.
14.7 Nippon Paint Holdings Co., LTD.
14.8 Masco Corporation
14.9 Jotun Group
14.10 RPM International Inc.
14.11 Other Companies
14.11.1 Hempel A/S
14.11.2 Tikkurila OYJ
14.11.3 DAW SE
14.11.4 Cromology (Formerly Materis Paints)
14.11.5 Duluxgroup LTD.
14.11.6 Diamond-Vogel Paint Company
14.11.7 Benjamin Moore & Co.
14.11.8 Kelly-Moore Paints
14.11.9 Brillux GmbH & Co. Kg
14.11.10 Berger Paints India Limited
14.11.11 Carpoly Chemical Group Co., LTD.
14.11.12 Cloverdale Paint Inc.
14.11.13 STO Corp.
14.11.14 Lanco Paints
14.11.16 Guangdong Maydos Building Materials Co., LTD
14.11.17 H-I-S Coatings and Paint Manufacturing Co.
14.11.18 Fujikura Kasei Co., LTD.
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 01/30/2020 10:11 AM/DISC: 01/30/2020 10:11 AM