Press release
Decorative Paints & Coatings Market to Hit USD 122.08 Bn by 2032 at 5.73% CAGR
Decorative Paints & Coatings Market
Comprehensive Analysis Highlights Market Dynamics, Regional Trends, and Key Developments
The global decorative paints and coatings market is on a trajectory of substantial growth, with its valuation reaching $78.17 billion in 2024. Projections indicate a compound annual growth rate (CAGR) of 5.73% from 2025 to 2032, aiming for a market size of approximately $122.08 billion by 2032.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/33126/
Competitive Landscape
The market is characterized by intense competition among key players striving to enhance their market share through innovation, strategic partnerships, and mergers and acquisitions. Notable companies include:
PPG Industries: A global supplier of paints, coatings, and specialty materials, PPG operates in more than 70 countries and is the largest coatings company worldwide.
Sherwin-Williams: Headquartered in Cleveland, Ohio, Sherwin-Williams is a leading manufacturer of paints and coatings, known for its extensive product range and global presence.
AkzoNobel: Based in the Netherlands, AkzoNobel produces paints and performance coatings for both industry and consumers worldwide, recognized for brands like Dulux.
Nippon Paint: A Japanese paint and paint products manufacturing company, Nippon Paint is the world's fourth-largest paint manufacturer by revenue.
Regional Demand and Growth Opportunities
The demand for decorative paints and coatings varies across regions, influenced by factors such as urbanization, infrastructure development, and consumer preferences.
Asia-Pacific:
China: Despite facing challenges like weak consumer demand and competitive pricing, China remains a significant market due to ongoing industrial activities.
India: The market has experienced fluctuations, with companies like Asian Paints witnessing variations in sales volumes.
North America:
United States: The U.S. market continues to grow, driven by technological advancements and a focus on sustainable products.
Europe:
The European market is characterized by a demand for eco-friendly and innovative paint solutions, with companies like AkzoNobel leading the charge.
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/33126/
Country-Specific Developments: Mergers, Acquisitions, and Trends
Vietnam: Decorative Paints & Coatings Market Trends
Vietnam's decorative paints and coatings market is experiencing growth due to rapid urbanization and industrialization. Local and international companies are expanding their presence to cater to the increasing demand for residential and commercial projects.
Thailand: Decorative Paints & Coatings Market Opportunities
Thailand offers opportunities in the decorative paints and coatings sector, driven by government initiatives in infrastructure development and a growing real estate market. Companies are focusing on introducing innovative products to meet consumer preferences.
Japan: Decorative Paints & Coatings Market Growth
Japan's market is mature, with a focus on sustainability and advanced technologies. Companies like Nippon Paint are investing in research and development to offer eco-friendly products.
South Korea: Decorative Paints & Coatings Market Trends
South Korea's market is characterized by a demand for high-quality and innovative paint solutions, with a focus on aesthetics and functionality.
United States: Decorative Paints & Coatings Market Consolidation
The U.S. market has seen consolidation, with major players like Sherwin-Williams and PPG Industries engaging in strategic acquisitions to strengthen their market positions.
China: Decorative Paints & Coatings Market Updation
China's market is adapting to changing consumer preferences, with companies focusing on innovative products and competitive pricing strategies.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/33126/
Market Segmentation: In-Depth Analysis:
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
The market for decorative paints and coatings in 2024 was led by water-based paints, which are popular in both residential and commercial settings because of their low volatile organic compounds (VOCs) and environmental friendliness. Despite worries about volatile organic compounds (VOCs), solvent-based paints are widely used in industrial applications due to their exceptional durability and adherence, especially in the automotive and machinery sectors. Preferred for their longevity and corrosion resistance, powder coatings are mostly used in metal finishing applications in a variety of industries, such as architecture, appliances, and automobiles.
by End-Use Industry
Residential
Commercial
Industrial
Automotive
Furniture & Woodwork
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-decorative-paints-coatings-market/33126/
Learn about the top players driving innovation in the Market :
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
Get Market Research Latest Trends :
♦ Global Thionyl Chloride Market https://www.maximizemarketresearch.com/market-report/global-thionyl-chloride-market/119290/
♦ Sputter Coater Market https://www.maximizemarketresearch.com/market-report/global-sputter-coater-market/5892/
♦ Cosmetic Chemicals Market https://www.maximizemarketresearch.com/market-report/cosmetic-chemicals-market/126803/
♦ Grow Light Market https://www.maximizemarketresearch.com/market-report/global-grow-lights-market/13138/
♦ Recycled Glass Market https://www.maximizemarketresearch.com/market-report/recycled-glass-market/168069/
♦ Metal Fabrication Market https://www.maximizemarketresearch.com/market-report/metal-fabrication-market/13591/
♦ Refractories Market https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/
♦ Global Cobalt Sulphate Market https://www.maximizemarketresearch.com/market-report/global-cobalt-sulphate-market/31875/
♦ Global Autoclaved Aerated Concrete (AAC) Market https://www.maximizemarketresearch.com/market-report/global-autoclaved-aerated-concrete-aac-market/35109/
♦ Global Aluminum Hydroxide Market https://www.maximizemarketresearch.com/market-report/global-aluminum-hydroxide-market/70443/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Decorative Paints & Coatings Market to Hit USD 122.08 Bn by 2032 at 5.73% CAGR here
News-ID: 3899058 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected …
Industrial Internet of Things (IIoT) Market size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030.
Industrial Internet of Things (IIoT) Market Overview:
The Industrial Internet of Things (IIoT) Market is transforming industrial operations by connecting machines, sensors, and devices to generate real-time data…
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion b …
Edge AI Market size was valued at USD 20.97 Billion in 2024 and the total Edge AI revenue is expected to grow at a CAGR of 20.1% from 2025 to 2032, reaching nearly USD 90.77 Billion.
Edge AI Market Overview:
The Edge AI Market is revolutionizing how artificial intelligence operates by bringing computation and data processing closer to the data source instead of relying solely on centralized cloud systems. This decentralized approach…
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of …
Marine Coatings Market was valued at USD 6.28 Billion in 2024, and it is expected to reach USD 10.20 Billion by 2032, exhibiting a CAGR of 6.24% during the forecast period (2025-2032).
Marine Coatings Market Overview
Marine coatings are specialized coatings applied to ships and marine vessels to enhance aesthetics, protect against corrosion and fouling below the waterline, and resist the effects of UV radiation, chemicals, and impact above the waterline. These…
Smart Bathroom Market Outlook and Future Trends - Expected to Reach USD 10.95 Bi …
Smart Bathroom Market size was valued at USD 4.92 Billion in 2024 and the total Smart Bathroom revenue is expected to grow at a CAGR of 10.5% from 2025 to 2032, reaching nearly USD 10.95 Billion.
Smart Bathrooms Market Overview:
The Smart Bathrooms Market has gained significant momentum as modern consumers increasingly prioritize convenience, sustainability, and luxury in home design. A smart bathroom integrates advanced technologies such as automated faucets, intelligent toilets,…
More Releases for Paint
SKSHU Paint: Life Enjoyment Wall Repair Paint
Image: https://www.abnewswire.com/uploads/6c917f12026802adfd22d2c0dd8f5805.png
This product is a fast-drying waterborne aerosol paint composed of waterborne acrylic resin, pigments and fillers. Odorless and environment-friendly, it has the advantages of easy application, good atomization, high spray rate, high film richness, excellent adhesion and strong hiding power.
Product Introduction
This product is a fast-drying waterborne aerosol paint composed of waterborne acrylic resin, pigments and fillers. Odorless and environment-friendly, it has the advantages of easy application, good atomization, high…
How to Solve the Paint Selection Problem? Understanding the Mystery of Latex Pai …
Introduction
Before starting this paint exploration journey, let's first think about why the choice of paint is so important. A warm and comfortable home, a smooth, brightly colored wall, not only can bring us visual enjoyment, but also create a unique atmosphere and mood. The coating, as a wall coat, its quality, performance and environmental protection directly affect our quality of life and health.
1. Definition and component analysis
Latex paint:
Definition: Latex paint…
Water Based Enamel Paint Market is Booming Worldwide | Intercoastal Paint, Nippo …
The latest study released on the Global Water Based Enamel Paint Market by AMA Research evaluates market size, trend, and forecast to 2027. The Water Based Enamel Paint market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Global Refinish Paint for Automotive Market By Key Players: Akzo Nobel, BASF, 3M …
Qyresearchreports include new market research report Global Refinish Paint for Automotive Market Professional Survey Report 2018 to its huge collection of research reports.
This report studies the global Refinish Paint for Automotive market status and forecast, categorizes the global Refinish Paint for Automotive market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and…
Road Marking Paint Market Report 2018: Segmentation by Product (Thermoplastic Ma …
Global Road Marking Paint market research report provides company profile for Ennis Flint, Hempel, Geveko Markings, PPG Industries, Asian Paints PPG, SealMaster, 3M, Sherwin-Williams, Swarco AG, Nippon Paint and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
China Paint and Coatings Market Research Report 2017 - PPG, Akzo Nobel, Kansai P …
This report studies Paint and Coatings in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering
PPG
Akzo Nobel
Kansai Paint
Nippon Paint
BASF
Axalta (formerly DuPont)
Chugoku Marine Paint
Valspar
Sherwin-Williams
Hempel
Market Segment by Regions (provinces), covering
South China
East China
Southwest China
Northeast China
North China
Central China
Northwest China
Split by product Type, with production, revenue, price, market share and growth rate of each type, can be divided into
Waterborne Coatings
High-solids Coatings
Powder Coatings
Others
Split…
