Key Factor Supporting Decorative Coatings Market Development in 2025: Urbanization Sparks A Booming Decorative Coatings Market

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How Large Will the Decorative Coatings Market Size By 2025?
Recent years have seen significant expansion in the decorative coatings market. Its size is projected to increase from $93.5 billion in 2024 to $99.88 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. This past growth can be connected to a heightened attention to architectural and interior design trends, the rise of the real estate and construction industries, renovation and remodeling undertakings, trends in color and aesthetics, as well as the commercial and hospitality sector.

How Big Is the Decorative Coatings Market Size Expected to Grow by 2029?
In the coming years, the decorative coatings market size is projected to experience substantial growth, reaching a valuation of $137.49 billion in 2029 with a compound annual growth rate of 8.3%. This projected expansion during the forecasted timeline can be linked to increasing health and wellness concerns, a leaning towards customization and personalization, an aging demographic and the principles of universal design, a surge in e-commerce and online sales, growth in emerging markets, and advancements in urbanization and infrastructure. The forecast period is also likely to witness trends such as environmentally friendly and low-volatile organic compound (VOC) coatings, digital color matching and visualization, intelligent and functional coatings, technological advancements, and the emergence of antimicrobial or allergen-reducing properties.

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Which Key Market Drivers Powering Decorative Coatings Market Expansion and Growth?
The global increase in urbanization is anticipated to fuel the expansion of the decorative coatings market. Urbanization is the shift of the population from rural to urban locales, combined with the upsurge in human population density in urban locations. The demand for both residential and non-residential buildings is escalating due to urbanization, which will push the growth of the decorative coatings sector. For example, the United Nations Economic and Social Affairs Department predicts that by 2050, 68% of the world population, or 2.5 billion individuals, will be residing in urban settings. Thus, the global uptrend in urbanization is contributing to the progress of the decorative coatings market.

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Which Fast-Growing Trends Are Poised to Disrupt the Decorative Coatings Market?
The rise of new product innovations has become a prominent trend in the decorative coatings industry. The premier companies within this sector are prioritizing the development of superior products in a bid to consolidate their standing. Case in point, Kapci Coatings, a chemical production enterprise based in Egypt, introduced its novel decorative products, Elegant 555 and Elegant 545, in June 2022. Boasting a fast-drying composition, these product innovations seek to further the Earth Friendly initiative, advocating for an amplified use of sustainable, water-based alternatives in the decorative paints market.

What Are the Emerging Segments in the Decorative Coatings Market?
The decorative coatings market covered in this report is segmented -

1) By Product Type: Emulsion, Wood Coatings, Enamels, Other Product Types
2) By Resin Type: Acrylic, Alkyd, Vinyl, Polyurethane, Other Resin Types
3) By Formulation: Water Based, Solvent Based, Powder Based
4) By Application: Residential, Non-Residential

Subsegments:
1) By Emulsion: Acrylic Emulsions, Vinyl Acetate Emulsions, Styrene-Butadiene Emulsions
2) By Wood Coatings: Stains, Varnishes, Sealants, Lacquers
3) By Enamels: Oil-Based Enamels, Water-Based Enamels, Spray Enamels
4) By Other Product Types: Primers, Specialty Coatings, Thinners and Additives

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Who Are the Global Leaders in the Decorative Coatings Market?
Major companies operating in the decorative coatings market include PPG Industries Inc., Akzonobel NV, Sherwin-Williams Co., Valspar Corp., Asian Paints Ltd., Berger Paints Ltd., Cabot Corporation, DAW SE, Jotun Paints Ltd., Masco Corp., Brillux GmbH & Co. KG, BASF SE, Vogel Paint and Wax Company, Kansai Paint Co. Ltd., Kelly-Moore Paints Company Inc., RPM International Inc., Nippon Paint Holdings Co. Ltd., Axalta Coating Systems Ltd., Teknos AG, Mankiewicz India Pvt. Ltd., Meffert AG Farbwerke, Cromology SL, Tikkurila OYJ, Hempel AS, Clariant AG, Benjamin Moore & Co., Dunn-Edwards Corporation, Behr Process Corporation, Farrow & Ball Ltd.

Which are the Top Profitable Regional Markets for the Decorative Coatings Industry?
Asia-Pacific was the largest region in the decorative coatings market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the decorative coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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