Decorative Paints and Coatings Market Segmentation, Business Analysis, Future Plans and Forecast 2029

Decorative Paints and Coatings Market is expected to reach nearly USD 103.29 Bn. by 2029 with the CAGR of 5.73% during the forecast period.

Decorative Paints and Coatings Market Report Scope and Research Methodology

Report Scope:

This report offers a comprehensive analysis, evaluating the impact of the COVID-19 lockdown on market leaders, followers, and disruptors. Since lockdown measures varied by region and country, the report explores how these differences impacted revenue in distinct regions and market segments. The analysis covers short-term and long-term effects to help decision-makers develop strategies for both immediate and future needs.

Research Methodology:

Employing a rigorous research methodology, the report provides invaluable insights into the growth drivers, restraints, and opportunities within the industry.

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What are Decorative Paints and Coatings Market Dynamics?

Market Drivers:

The principal driver of the global Decorative Paints & Coatings Market is the increasing demand from the construction industry worldwide. As global urbanization continues to expand, there is a growing need to protect structures, such as houses, offices, and industries, from environmental factors like dust and moisture. The coatings and paints industry plays a vital role in this regard, driving demand for innovative and superior products.

Market Restraints:

Despite the fast-paced growth of the global Decorative Paints & Coatings Market, its major dependency on dominating regions, such as Asia Pacific and North America, poses certain challenges. Additionally, environmental concerns related to paint and coating production have led to stringent government regulations, which can act as a restraint on market expansion.

Decorative Paints and Coatings Market Segmentation?

Within the resin type segment, acrylics are expected to demonstrate the highest Compound Annual Growth Rate (CAGR) during the forecast period. Acrylic-based paints and coatings offer unique properties, including durability, weather resistance, waterproofing, and excellent electrostatic characteristics. These resins are available in various forms, such as emulsions, enamels, lacquers, and powders, making them a preferred choice due to their color retention and protection properties.

Among application segments, residential construction stands out as the fastest-growing category within the global market. This growth is driven by increased residential construction activities and rising homeownership rates in emerging markets. The segment includes new construction and repainting or reconstruction activities, both contributing to the industry's expansion.

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Who are Decorative Paints and Coatings Market Key Players?

1. PPG Industries Inc.
2. Akzonobel N.V.
3. The Sherwin-Williams Company
4. Asian Paints Limited
5. Masco Corporation
6. DAW SE
7. Duluxgroup Ltd
8. Jotun A/S
9. Kansai Paints
10.Nippon Paints Co. Ltd
11.BASF Coatings GmbH
12.Benjamin Moore & Co. Inc.
13.Berger Paints India Ltd.
14.Cromology (Formerly Materis Paint)
15.Diamond Vogel
16.Dunn Edwards
17.Fujikura Kasei Co. Ltd.
18.Hempel A/S
19.KC Corporation Ltd
20.National Paints Factories Co.
21.Noroo Paint Co. Ltd
22.Pintuco S. A.
23.Ring International Holding
24.SK Kaken
25.Tikkurila OYJ

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

Part 01: Executive Summary

Part 02: Scope of the Decorative Paints and Coatings Market Report

Part 03: Global Decorative Paints and Coatings Market Landscape

Part 04: Global Decorative Paints and Coatings Market Sizing

Part 05: Global Decorative Paints and 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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Regional Insights:

The Asia-Pacific region is anticipated to be the largest and fastest-growing market for decorative paints and coatings, both in terms of value and volume. The growth is attributed to rapid urbanization, increased disposable incomes among the middle-class population, and the expansion of the construction industry. China, India, Australia & New Zealand, Indonesia, Japan, and South Korea are witnessing rising demand. Among these countries, China holds the largest share due to its focus on eco-friendly products and increased construction activities. Many key players have shifted their production bases to China for its cost-effective labor and easy access to raw materials.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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
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