Press release
Decorative Exterior Materials Market 2022 Expected to reach US$ 432 billion with6.1% CAGR Forecast to 2031
Decorative Exterior Materials Market 2022-2031
Global decorative exterior materials market is currently valued at around US$ 254.4 Bn.
The global market for decorative exterior materials is anticipated to witness a growth rate of around 5.4% over the decade. Market growth is anticipated to be attributed by rise in urbanization, growing construction sector, and growth in living standard across regions.
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Growing demand for window frames and exterior doors will boost the market over the coming years owing to increment in the construction of residential, institutional, as well as commercial buildings, especially in developing nations. Increase in population in the Asia Pacific region and Africa is also benefiting the consumption rate as growth in population requires more living spaces.
Growth in per capita expenditure in the past few years uplifted the market. People had invested significantly in interiors as well as exteriors all over the globe. Further, this expenditure is anticipated to continue as the net income of individuals keeps rising.
The COVID-19 pandemic impacted market growth to a significant extent in 2020 owing to nationwide lockdowns and restrictions in movement. This put a hold on the construction sector and also the decoration industry. Owing to standstill in the construction of residential, commercial and institutional buildings, consumption of exterior wall materials, furniture, flooring materials also decreased.
Key Players:
The report has profiled some of the important players prevalent in the global like - LX Hausys Ltd., Klöckner Pentaplast Group, OMNOVA Solutions, Inc., ERGIS S.A., AVERY DENNISON CORPORATION, Folienwerk Wolfen GmbH, Mondoplastico S.p.A., RENOLIT, AVI Global Plast Pvt. Ltd., Hanwha L&C, Fine Decor GmbH, RTP Company, Inc., Covestro AG, LyondellBasell Industries Holdings N.V., PROTECHNIC SA, Mitsubishi Chemical Corporation, E.I. du Pont de Nemours and Company, Sch?co International KG, Saint Gobain S.A. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Decorative Exterior Materials Market.
Key Takeaways from Market Study
Global demand for decorative exterior materials is forecasted to reach a value of US$ 432 Bn by 2031.
North America is anticipated to remain one of the key markets accounting for around 23% of global market share.
The automotive exterior segment is anticipated to witness a CAGR of 5.4% over the decade.
The market in India is expected to grow substantially over the next ten years.
The commercial segment is anticipated to remain a key end user and account for more than 50% market share by value.
"Key market participants are focusing on strategic expansions and innovations in the industry of decorative exterior materials to boost their annual turnover," says a Persistence Market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Decorative Exterior Materials Market Manufacturers
Decorative Exterior Materials Market Distributors/Traders/Wholesalers
Decorative Exterior Materials Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Decorative Exterior Materials Market - Report Highlights
A detailed overview of parent market of Decorative Exterior Materials Market
Changing Decorative Exterior Materials Market dynamics in the industry
In-depth segmentation of the Decorative Exterior Materials Market
Historical, current, and projected Decorative Exterior Materials Market size regarding volume and value
Recent industry trends and developments in Decorative Exterior Materials Market
Competitive landscape of the Decorative Exterior Materials Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Decorative Exterior Materials Market performance
Must-have information for Decorative Exterior Materials Market players to sustain and enhance their market footprint
Key Questions Answered in the Decorative Exterior Materials Market Report
How is the Decorative Exterior Materials Market expected to grow over the projected period?
What direction is the Decorative Exterior Materials Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Decorative Exterior Materials Market in future?
What are the key market drivers in the Decorative Exterior Materials Market?
What are significant opportunities and improvement areas for Decorative Exterior Materials Market manufacturers?
What are the key developments and trends taking over the Decorative Exterior Materials Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Decorative Exterior Materials Market?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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