Decorative Paints & Coatings Market Overview

Maximize Market Research, a Decorative Paints & Coatings business research firm has published a report on the “Decorative Paints & Coatings Market”. Which provides Industry Analysis (business insights, demand analysis, pricing analysis, and competitive landscape).

Estimated Revenue Growth:

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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Decorative Paints & Coatings Market Report Scope and Research Methodology

Maximize Market Research, a leading business research firm, presents a comprehensive analysis of the Decorative Paints & Coatings Market. This report delves into industry dynamics, demand patterns, pricing structures, and competitive landscapes, offering invaluable insights for stakeholders across various sectors.

The assessment of the Decorative Paints & Coatings Market employs a meticulous approach, combining primary and secondary research methodologies. Primary research involves direct engagement with industry experts, suppliers, producers, and consumers, while secondary research draws from trusted sources such as market reports, industry publications, and government data. Historical trends, competitor analysis, and data modeling techniques further enrich the research process, ensuring accurate market predictions and growth evaluations.

Dynamics of the Decorative Paints & Coatings Market

The market for decorative paints and coatings is mostly driven by urbanization and infrastructure development, with increasing urbanization leading to a spike in construction activity. The Decorative Paints & Coatings Market, for example, has grown substantially as a result of India's Smart Cities Mission, particularly after the lockdown, when funds utilization than doubled. With the goal of creating 100 smart cities in India, the mission has emerged as a major force behind the market's growth. In order to address the issue of funding smart city infrastructure, the government has placed a strong emphasis on Public-Private Partnerships (PPP), which account for about 21% of smart city funding.

Decorative Paints & Coatings Market Segmentation

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 Key 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

Table of content for the Decorative Paints & Coatings  Market includes: 

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

Decorative Paints & Coatings Market Regional Insights

The market report covers North America, Europe, Asia Pacific, South America, and the Middle East&Africa comprehensively. It provides information on the market trends in these areas, enabling stakeholders to grasp the factors influencing the Decorative Paints & Coatings industry environment. In addition, the report provides a thorough examination of the market size and market share in the industry, presenting valuable information and statistics for making well-informed decisions. Analysis assists businesses and investors in evaluating the competitiveness of the market and recognizing potential areas for growth.

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Key questions answered in the Decorative Paints & Coatings Market are:

• What growth strategies are the players considering to increase their presence in Decorative Paints & Coatings ?
• What are the upcoming industry applications and trends for the Decorative Paints & Coatings Market?
• What segments are covered in the Decorative Paints & Coatings Market?
• Who are the key players in the Decorative Paints & Coatings market?
• What is Decorative Paints & Coatings ?
• What segments are covered in the Decorative Paints & Coatings Market?
• Who are the leading companies and what are their portfolios in Decorative Paints & Coatings Market?
• What was the Decorative Paints & Coatings market size in 2023?

Key Offerings:

• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • 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
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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