"Adding Value with Color: Forecasting the Global Decorative Paints & Coatings Market (2024-2030)"
A summary of the Decorative Paints & Coatings Market :
A prominent global market research entity has recently unveiled an in-depth market research report centering on the “Decorative Paints & Coatings Market”. This comprehensive report offers extensive data and visual representations for analyzing both regional and global markets. It furnishes valuable insights into the market's objectives, encompassing detailed information on top competitors, market value, current trends, strategies, targets, and product offerings. Moreover, the report sheds light on the recent growth and historical data of the market, delivering crucial information for stakeholders.
Analysis and Development of the Decorative Paints & Coatings Market:
The Decorative Paints & Coatings Market size was valued at USD 73.94 Billion in 2023 and the total Decorative Paints & Coatings revenue is expected to grow at a CAGR of 5.73 % from 2024 to 2030, reaching nearly USD 109.21 Billion by 2030.
Industrial Range of Decorative Paints & Coatings Market :
This research report extensively analyzes trending competitors, their growth patterns, and market dynamics. It provides insights into regional and global market values and demands, facilitating a better understanding of the competitive landscape and the market's production, demand, and supply potential. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, influencing marketing strategies, targeted products, offers, and customer experiences.
By utilizing Porter's analysis, the report determines organizations' competitive positions to enhance profitability. Additionally, Pestle analysis assesses the validity of existing products and services within the contextual data. A SWOT analysis evaluates the internal and external factors contributing to a company's strengths, weaknesses, advantages, and disadvantages. In summary, this report offers a comprehensive and informative overview of the Decorative Paints & Coatings market.
Classification of the Decorative Paints & Coatings Market
by Resin Type
Acrylic
Alkyd
Polyurethane
Others
by Product Type
Emulsions
Wood Coating
Enamels
Distempers
Others
by Technology Type
Water-based Paints
Solvent-based Paints
Powder Coatings
Specialty Coatings
Based on technology types, water-based paints held a dominant market share in the decorative paints and coatings market in 2023. Owing to growing environmental laws, these paints, which are renowned for their low volatile organic compounds (VOCs) and eco-friendliness, are widely used in both residential and commercial applications. Despite worries about volatile organic compound (VOC) emissions, solvent-based paints are widely used in industrial applications due to their exceptional durability and adherence, especially in the automotive and equipment sectors. Highly valued for their longevity and ability to withstand corrosion, powder coatings are primarily used in metal finishing applications in a variety of industries, such as architecture, appliances, and automobiles. Adoption in industries including healthcare, food processing, and infrastructure is fueled by specialty coatings, which come in a variety of formulas including anti-graffiti, antimicrobial, and heat-resistant coatings. Specialty coatings are designed for niche applications where certain performance criteria are critical.
by End-Use Industry
Residential
Commercial
Industrial
Automotive
Furniture & Woodwork
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Decorative Paints & Coatings Market Location-Based Analysis
The report offers formal, functional, and vernacular regional analyses, focusing on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides insights into different targets, strategies, and market values specific to each region.
Principal Players in the Decorative Paints & Coatings Market Industry
Major Contributors in the Decorative Paints & Coatings Industry in North America:
1. Sherwin-Williams Company - Headquarters: Cleveland, Ohio, USA
2. PPG Industries, Inc. - Headquarters: Pittsburgh, Pennsylvania, USA
3. RPM International Inc. - Headquarters: Medina, Ohio, USA
4. Axalta Coating Systems Ltd. - Headquarters: Philadelphia, Pennsylvania, USA
5. Benjamin Moore & Co. - Headquarters: Montvale, New Jersey, USA
Leading Figures in the European Decorative Paints & Coatings Sector:
1. Akzo Nobel N.V. - Headquarters: Amsterdam, Netherlands
2. BASF SE - Headquarters: Ludwigshafen, Germany
3. DAW SE - Headquarters: Ober-Ramstadt, Germany
4. Hempel A/S - Headquarters: Copenhagen, Denmark
5. Jotun Group - Headquarters: Sandefjord, Norway
6. Akzo Nobel N.V. - Headquarters: Amsterdam, Netherlands
Key players driving the Asia-Pacific Decorative Paints & Coatings Market:
1. Nippon Paint Holdings Co., Ltd. - Headquarters: Osaka, Japan
2. Berger Paints India Limited - Headquarters: Kolkata, India
3. Guangdong Carpoly Chemical Group Co., Ltd. - Headquarters: Guangzhou, Guangdong, China
4. Shanghai Coatings Co., Ltd. - Headquarters: Shanghai, China
5. SKSHU Paint Co., Ltd. - Headquarters: Guangzhou, Guangdong, China
List of Contents : Decorative Paints & Coatings Market
Part 01: Executive Summary
Part 02: Scope of the Decorative Paints & Coatings Market Report
Part 03: Decorative Paints & Coatings Market Landscape
Part 04: Decorative Paints & Coatings Market Sizing
Part 05: Decorative Paints & Coatings Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Important Questions the Decorative Paints & Coatings Market Report Addresses:
- What are the opportunities for the Decorative Paints & Coatings Market?
- Who are the key players in the Decorative Paints & Coatings market?
- Which company holds the largest share in the Decorative Paints & Coatings market?
- What will be the compound annual growth rate (CAGR) of the Decorative Paints & Coatings market during the forecast period?
- What key trends are expected to emerge in the Decorative Paints & Coatings market in the coming years?
Principal Products/Services:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Decorative Paints & Coatings Market
- Landscape: Leading key players and other prominent participants
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