Decorative Coatings Market worth $ 82.4 billion by 2024 | Key Players include The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Kansai Paints Co. Ltd., Asian Paints Limited, and Nippon Paint Holdings Co. Ltd.

According to recent market research "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", is projected to grow from USD 67.0 billion in 2019 to USD 82.4 billion by 2024, at a CAGR of 4.2%. The increasing demand from the construction industry, rising per capita consumption in APAC, and environment-friendly characteristics act as major drivers of the market. Growing investment in the emerging regions is a key factor providing growth opportunities to the market. However, stringent and time-consuming regulatory policies are restraining the market growth.

Browse 103 market data Tables and 47 Figures spread through 179 Pages and in-depth TOC on "Decorative Coatings Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/decorative-paints-coatings-market-56221086.html

APAC is expected to be the largest and fastest-growing market for decorative paints and coatings, in terms of value and volume. APAC is expected to retain its leadership until 2024. Countries in these regions, such as China, India, and Indonesia, are witnessing an increase in the use of decorative paints and coatings in the residential segment. Indian paint and coating producers are performing many expansions. Four major Indian players, Asian Paints, Kansai Nerolac, Akzo Nobel India, and Berger Paints India, have added significant manufacturing facilities and are also in the process of adding additional sites to meet the growing demand for decorative paints and coatings in the country. Also, the massive spending on huge infrastructural development programs; and increasing investments & expansions, mergers & acquisitions, new product launches, and joint venture activities in the region are driving the market.

The growth of the construction industry and various upcoming projects are the most significant drivers of the waterborne decorative paints & coatings market. The construction spending across the globe has increased over the past few years and was USD 11.4 trillion in 2018, which is projected to reach USD 9.5 trillion by 2024. The growth of the waterborne decorative paints & coatings market is influenced by stringent European Union (EU) regulations such as the reduction of VOC emission in paint and coating resins and the use of low-polluted paints and coating technologies.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=56221086

The 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% between 2019 and 2024. APAC is the largest consumer of decorative paints and coatings. The decorative paints and coatings are witnessing high demand from various new constructions, and remodeling and repaint activities in APAC.

The key players operating in the market are PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, and partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2015 and 2019. This strategy accounted for a major share amongst all the growth strategies adopted by key market players and helped companies enhance their foothold and global presence.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56221086

PPG (US), which is headquartered in Pennsylvania (US), is dominating the global decorative paints & coatings market. This position is achieved by the company after many successful small and big acquisition and expansion activities. The major acquisition done by the company was of DEUTEK S.A., a leading Romanian paint and architectural coating manufacturer, from Emerging European Accession Fund (EEAF) in January 2017. This strategy provided the company an opportunity to expand in Europe and is expected to boost the growth in the emerging regions of Eastern Europe in the near future. The company should now focus more on product innovation, differentiation, and brand awareness activities to compete and maintain its dominating position in the decorative paints & coatings market.

Sherwin-Williams (US) is a diversified chemical company founded in 1866 and headquartered in Ohio (US). The company comprises three business segments, namely, The Americas Group, Consumer Brand Group, and Performance Coatings Group. It has a strong customer base and operates in several countries of Europe, North America, and APAC. In June 2017, Sherwin-Williams completed the acquisition of the Valspar Corporation, a Minneapolis-based global paints & coatings company, for about USD 11.3 billion. The Valspar's range of products are sold under the business segment of Consumer Brand Group.

Contact:

Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/decorative-paints-coatings.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/decorative-paints-coatings-market.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.

This release was published on openPR.