Decorative Coatings Market Size Forecast: $109.44 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Decorative Coatings Market by 2025?
The expansion of the decorative coatings market has been consistent in the past few years. The market size is projected to increase from $87.28 billion in 2024 to $90.01 billion in 2025, implying a compound annual growth rate (CAGR) of 3.1%. The historical growth can be connected to a heightened attention on architectural and interior design trends, the development of the real estate and construction sectors, renovation and remodeling works, color and aesthetics predilections, and the commercial and hospitality industry.

What Is the Estimated Market Growth Value for the Decorative Coatings Industry in 2029?
It is projected that the decorative coatings market will experience significant growth in the coming years. The market value is forecasted to increase to $109.44 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. The factors driving this growth forecast include increasing health and wellness concerns, personalization and customization, the aging population and universal design, the expansion of e-commerce and online sales, growth in emerging markets, and developments in urbanization and infrastructure. The forecast period will see a rise in trends such as sustainable and low-voc coatings, digital color matching and visualization, smart and functional coatings, technological advancements, and the incorporation of antimicrobial or allergen-reducing properties.

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What Are the Growth Drivers and Opportunities in the Decorative Coatings Market?
Globally, increased urbanization is predicted to fuel the expansion of the decorative coatings market. This refers to the shift in population from rural to urban regions and the escalating densities in urban populations. The demand for both residential and non-residential buildings, a result of urbanization, is likewise driving the growth of the decorative coatings market. For example, the United Nations Department of Economic and Social Affairs has projected that by 2050, 68% of the global population, which is equivalent to 2.5 billion individuals, will reside in urban settings. Consequently, the surge in urbanization worldwide is contributing significantly to the rise in the decorative coatings market.

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What Are the Primary Segments Covered in the Global Decorative Coatings Market Report?
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

What Are the Top Growth Trends in the Decorative Coatings Market?
Innovations in new products have become a prominent trend attracting attention in the decorative coatings industry. The focus of major enterprises in the decorative coatings realm is on the creation of superior items to fortify their standing. For example, Kapci Coatings, a chemical manufacturer based in Egypt, introduced new decorative items named Elegant 555 and Elegant 545 in June 2022. These innovative decorative items have a swift-drying recipe. As a component of the Earth Friendly initiative, the aim of these products is to boost the application of more eco-friendly, water-based alternatives within the decorative paints market.

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Which Companies Are Shaping the Future of 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 Region Holds the Largest Market Share in 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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