Decorative Paints & Coatings Market size Witness Steady Expansion during 2024-2030

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.

Decorative Paints & Coatings Market Report Scope and Research Methodology:

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Decorative Paints & Coatings industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Decorative Paints & Coatings Market Dynamics?

Urbanisation and Infrastructure Development. Driving Decorative Paints and Coatings Market Growth
Urbanisation and infrastructure development are important factors driving the need for decorative paints and coatings, with increasing urbanisation resulting in an increase in construction activity. For example, India's Smart Cities Mission has considerably aided the expansion of the Decorative Paints & Coatings Market, particularly during the lockdown, when money utilisation roughly doubled. The objective to construct 100 smart cities in India has been a fundamental driver of market growth. To address the difficulty of financing smart city infrastructure, the government has emphasised Public-Private Partnerships (PPP), with around 21% of smart city projects sponsored through this method.

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

by End-Use Industry

Residential
Commercial
Industrial
Automotive
Furniture & Woodwork

Water-based paints dominated the Decorative Paints & Coatings Market in 2023, owing to their eco-friendliness and low VOC emissions, and are increasingly used in residential and commercial applications as environmental restrictions tighten. Despite worries about VOC emissions, solvent-based paints, which provide higher durability and adhesion, are widely used in industrial applications, particularly in automotive and equipment sectors. Powder coatings, which are valued for their durability and corrosion resistance, are widely used in metal finishing applications across a variety of industries, including automotive, appliances, and architecture. Speciality coatings, which include a wide range of formulations such as anti-graffiti, antimicrobial, and heat-resistant coatings, serve niche applications where special performance requirements are critical, driving adoption in industries such as healthcare, food processing, and infrastructure.

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Who are 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

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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: Global Decorative Paints & Coatings Market Landscape
Part 04: Global Decorative Paints & Coatings Market Sizing
Part 05: Global 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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Regional Insights:

The global Decorative Paints & Coatings market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Decorative Paints & Coatings to bolster military capabilities.

Key Offerings:

Past Market Size and Competitive Landscape (2021 to 2024)
Past Pricing and price curve by region (2021 to 2024)
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 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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