#decorativecoatingsmarket

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APAC to Dominate Decorative Coatings Market through 2025 | TechSci Research

According to TechSci Research report, “Global Decorative Coatings Market By Resin Type (Acrylic Resin, Alkyd Resin, Vinyl Resin, Polyurethane Resin, Others), By Technology (Waterborne Coatings, Solvent borne Coatings, Powder Coatings), By Coating Type (Interior, Exterior, Others), By User Type (Diy, Professional), By Product Type (Emulsions, Wood Coatings, Enamels and Others), By Application (Residential Vs Non-Residential), By Region, Competition, Forecast & Opportunities, 2025”, global decorative coatings market is expected to grow at a steady CAGR until 2025. Surging requirement for eco- friendly coatings across the globe is one of the major factors accounting for the growth of global decorative coatings market. Moreover, growing construction activities coupled with rising investments in infrastructure developments across the globe is further expected to bode well for the growth of global decorative coatings through 2025. In addition to this, increased focus on research and development activities globally, is positively influencing the growth of global decorative coatings market. Also, stringent environmental regulations by the governing bodies regarding environmental protection coupled with booming economic growth in emerging economies is anticipated to fuel the growth of global decorative coatings market during the next five years. Furthermore, these coatings help in protection of walls from external harsh environments extremes like temperature, UV radiations, moisture, among others is making them a popular choice.

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Global decorative coatings market can be segmented based on resin type, technology, coating type, user type, product type, application, company and region. Considering the resin type, the market is fragmented into acrylic resin, alkyd resin, vinyl resin, polyurethane resin and others. The acrylic segment dominated the global decorative coatings market in terms of largest revenue until 2019 and is further anticipated to hold its dominance during the forecast years as these acrylic decorative coatings are widely used owing to their characteristics such as weathering and oxidation resistance. Additionally, acrylics resin type coatings hold color better and provide gloss retention, thereby positively influencing the growth of the segment across the globe. More than that, properties such as high durability on exposure to wind, rain, UV light, snow is further boosting the growth of segment.

PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., Asian Paints Limited, Nippon Paint Holdings Co., Ltd., BASF SE, Masco Corporation, Jotun Group, RPM International Inc., Decoral System S.r.l. are among others are the leading players operating in global decorative coatings market. The players are adopting several growth strategies to enhance the market scenario of decorative coatings. Other competitive strategies include mergers & acquisitions to diversify their product portfolio in order to strengthen their market position.

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“Asia-Pacific is forecast to dominate the global decorative coatings market during the course of next five years on the account of rising population and economic growth in the region. Moreover, residential and non-residential sectors in economies such as China, India, Vietnam and Bangladesh are expected to develop, which is anticipated to contribute to the growing trend. Furthermore, expanding automobile sector in these regions is further expected to boost the growth of global decorative coatings market through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Decorative Coatings Market By Global Decorative Coatings Market By Resin Type (Acrylic Resin, Alkyd Resin, Vinyl Resin, Polyurethane Resin, Others), By Technology (Waterborne Coatings, Solvent borne Coatings, Powder Coatings), By Coating Type (Interior, Exterior, Others), By User Type (Diy, Professional), By Product Type (Emulsions, Wood Coatings, Enamels and Others), By Application (Residential Vs Non-Residential), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global decorative coatings market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global decorative coatings market.

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Global Decorative Coatings Market Research Report – by Type (Primer, Enamel, Emulsion and Others), by Technology (Water Borne and Solvent Borne), by Application (Residential, Non-Residential and Others) and by Region- Forecast till 2023

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Decorative Coatings: Rising demand from Crude Oil as well as Petro Refineries will boost the growth of the global market

Color intensity, gloss, hiding power, light fastness and weathering resistance are the properties can be maximized by utilizing Decorative Coatings. They have major applications in residential and non-residential properties. Decorative coating for protection of wall and ceiling surfaces of different compositions. Coating metal objects not only gives them protection, but also charm and warmth, diversity and attractive appearance.

Some of the prominent factors that positively influence the growth of Decorative Coatings Market are increasing construction activities, rising demand for colorants, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing housing constructions to meet the ever-growing population is yet another reason for the market to grow. Moreover, continuous innovation and new technologies in Decorative Coatings as well as shifting manufacturers focus towards ecofriendly Decorative Coatings are estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concern regarding the toxic effect of chemicals used in Decorative Coatings along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

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 Some of the prominent players operating in the Global Decorative Coatings Market are 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.

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 Asia Pacific is estimated to be the largest Decorative Coatings Market followed by North America and Europe due to strong existence of construction activities. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for decorative coatings in furniture sector. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for decorative coatings, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of middle class population and their purchasing power is predicted to contribute to the regional market growth. In North America, U.S and Mexico are among the major contributors in the regional market growth due to increasing renovation activities and furniture market as well as increasing innovations. In Latin America, Mexico is expected to register moderate growth due to the ongoing financial crisis.

The Global Decorative Coatings Market is categorized on the basis of type, technology, application, and region. On the basis of type, the market is bifurcated into primer, enamel, emulsion, and others. On the basis of technology, the market is segmented into water borne and solvent borne. On the basis of application, the Decorative Coatings Market is categorized into residential, non-residential and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.