Global Decorative Paints & Coatings Market Poised for Steady Growth Through 2030
In-depth Decorative Paints & Coatings Market Synopsis
The Comprehensive Decorative Paints & Coatings Market Research Report provides an in-depth examination of micro and macro market trends, pricing dynamics, and immediate market conditions. It also delves into a detailed analysis of key competitors in this highly competitive market, where numerous players are actively engaged in research and development to pioneer innovative products and services. The report not only covers current market scenarios but also explores future trends anticipated to propel growth in the Decorative Paints & Coatings market.
Market Forecast :
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.
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Extent of the Market Report and Research Approach Decorative Paints & Coatings Market
The examination of the Decorative Paints & Coatings market in this research study is conducted through an extensive framework utilizing a diverse array of dependable secondary sources. These sources encompass accredited publications, expert-crafted articles, white papers, company annual reports, reputable websites, directories, and well-established databases. Leveraging these secondary sources extensively, the report aggregates significant and influential data, facilitating a profound analysis of the Decorative Paints & Coatings market across technical, market-oriented, and commercial dimensions.
This extensive Decorative Paints & Coatings market report thoroughly dissects segments such as Product Type, Application, and Region. Offering insights into participant data, the report spans regions like North America, Asia Pacific, Europe, Middle East & Africa, and South America. Segments encompass Types, Applications, End-User, and subtypes, employing facts, figures, illustrations, and presentations to present crucial data analysis for the forecast period. Furthermore, the report investigates market drivers, limitations, prospects, and barriers, encompassing company overviews, financial summaries, global presence, capacity portfolios, business strategies, and recent developments.
The report relies on primary and secondary research methodologies, combining qualitative and quantitative data. Primary research involves gathering information from industry leaders, subject matter experts, and market players, while secondary research entails studying company reports, investor presentations, annual reports, and regulatory filings. The goal is to offer insights into the current state and future prospects of the Decorative Paints & Coatings market, guiding strategic decision-making for industry stakeholders, investors, and policymakers.
Decorative Paints & Coatings Market Divisibility
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
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Localised Perspectives on the Decorative Paints & Coatings Industry
Incorporating company profiles from various regions, the Decorative Paints & Coatings market analysis includes details on business strategies aand statistics. The dynamics and market size are explored at local, regional, and global levels, encompassing dominating regions with their analyses and market sizes, along with influencing factors such as growth rate, market size, and key regional players.
The Decorative Paints & Coatings Market's Principal Players
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
Section Heading: Decorative Paints & Coatings Industry
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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Principal Products/Services:
- Historical Market Size and Competitive Landscape
- Past Pricing and price curves by region
- Industrial Manipulator Market Size, Share, and Forecast by different segments
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – In-depth analysis by Type, Application, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s Analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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