Global Decorative Coatings Market Outlook 2021-2026 – Construction and Rapid Urbanization / New Technologies / Remodelling and Repaint in Construction / Introduction of DIY Paint

DUBLIN, April 30, 2021 /PRNewswire/ — The “Decorative Coatings Market – Global Outlook and Forecast 2021-2026” report has been added…

DUBLIN, April 30, 2021 /PRNewswire/ — The “Decorative Coatings Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

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The global decorative coatings market by revenue is expected to grow at a CAGR of over 5% during 2021-2026.



The introduction of anti-microbial coatings is expected to boost the global decorative paints market growth. These coatings use chemicals to prevent the growth of disease-causing micro-organisms. They provide lasting and effective protection against harmful bacteria, mold, and fungi.

A growing concern for cleanliness in several surroundings has led to the continued growth of the market. Due to the outbreak of the COVID-19 pandemic and the growth of healthcare-associated infections (HAIs), the importance of anti-microbial decorative coating has grown significantly. Hospitals, schools, and food production facilities are experiencing the high application of anti-microbial paints as these places are susceptible to bacterial and microbial growth.

However, the global market suffered a downfall during the COVID-19 crisis as major revenue-contributing end-users such as construction, commercial renovation, infrastructure development, and home improvement activities witnessed a halt, especially during Q1 Q2 2020.



Global Decorative Coatings Market Segmentation



The global decorative coatings market research report includes a detailed segmentation by resin type, formation, product, end-user, surface type, geography. The demand for water-borne acrylic coatings is likely to augment during the forecast period due to their low volatile organic component (VOC) content, high gloss retention, and promising drying times.

Acrylic decorative coatings are used in residential and non-residential sectors. Increasing government initiatives to construct commercial and industrial infrastructure in emerging countries will offer acrylic coatings manufacturers opportunities. Also, the demand for eco-friendly water-based acrylic coatings is expected to boost the growth during the forecast period.

Europe and North America are the major end-users of these solutions due to the high preference for environment-friendly solutions. Acrylic water-borne coatings have replaced solvent-borne in North America and Western Europe and several developing economies.

INSIGHTS BY GEOGRAPHY



By value, APAC is the largest region in the decorative paints & coatings market. India and China are major contributors to the market, with China accounting for over $6 billion. Low labor costs, inexpensive raw materials, growing population, increased infrastructure investments, rising construction activities, and rapid urbanization are expected to boost the market during the forecast period.

India is expected to dominate the market due to expanding the construction sector with increasing government and private spending on commercial and residential constructions. The Indian government plans to develop 100 new airports by 2035. Therefore, the rise in the construction industry is likely to drive the decorative coatings market.

INSIGHTS BY VENDORS



AkzoNobel, PPG Industries, Sherwin- Williams Company, Axalta, RPM International, and Nippon Paint are the major players in the market. Vendors are expanding their businesses via a profitable partnership or acquiring small or medium-sized active vendors, whereas domestic vendors are capitalizing with product portfolios based on the requirement. Large-scale manufacturers have shifted toward environment-friendly coatings with low or no VOC.

The introduction of innovative and proprietary products that cater to customer demands requires companies to devote significant effort and resources. The research and development team needs to continuously analyze market trends to design, develop, and manufacture new product categories and new products with distinctive features and added advantages.



Prominent Vendors

  • AkzoNobel
  • PPG industries
  • Sherwin Williams
  • RPM International Inc
  • Axalta Coatings System

Other Prominent Vendors

  • Arkema
  • Asian Paints
  • BASF Chemical Company
  • Berger Paints Company
  • Brillux Gmbh & CO. KG
  • Cabot Corporation Chemical Company
  • Carpoly Chemical Group
  • Clariant AG Chemical Company
  • Cromology SAS Company
  • DAW SE
  • Diamond Vogel Paint Company
  • DSM Corporation
  • Dulux Group Limited
  • Dunn Edwards Paints
  • Eastman Chemical Company
  • Fujikura Kasei Company Ltd.
  • H.B. Fuller
  • Hempel Group
  • Jotun Chemical Company
  • Kansai Paint Company Limited
  • KCC Corporation
  • Masco Manufacturing Company
  • Nippon Paint Holdings Limited
  • NOROO Paint & Coatings Company Ltd.
  • Nuplex Industries Limited
  • Premium Coatings and Chemicals Pvt Ltd.
  • Sacal International Group Limited
  • SK Kaken Company Limited
  • Teknos Group OY
  • Tikkurila OYJ
  • Tnemec Company Inc.
  • Wacker Chemie AG

Key Topics Covered:



1 Research Methodology



2 Research Objectives



3 Research Process



4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of The Study

4.4 Market Segment



5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation



6 Market at a Glance



7 Introduction

7.1 Overview

7.2 Impact Of COVID-19



8 Frequently Asked Questions

8.1 What are the Major Factors Driving the Growth of Decorative Coatings?

8.2 What is the Major Product Type in Decorative Coatings?

8.3 Which Resin Type Is Projected to Grow at The Highest Rate?

8.4 Which is The Dominant Technology Leading the Market?

8.5 Which is The Largest Regional Market for Decorative Coatings?

8.6 Which Are the Major Players Specializing In Decorative Coatings?

8.7 What Is the Biggest Challenge In The Decorative Coating Market?



9 Industry Experts View on Market



10 Market Opportunities & Trends

10.1 Construction and Rapid Urbanization

10.2 Introduction of New Technologies

10.3 Remodelling and Repaint In The Construction Sector

10.4 Introduction of DIY Paint



11 Market Growth Enablers

11.1 Anti-Microbial Coatings

11.2 Alternatives to Decorative Paint

11.3 High Demand from The Manufacturing Sector In Developing Countries



12 Market Restraints

12.1 High Cost of Raw Materials

12.2 Low VOC Content Regulations



13 Supply Chain Analysis



14 Market Landscape

14.1 Market Overview

14.2 Market Size & Forecast

14.3 Five Forces Analysis



15 Resin Type

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Acrylic

15.4 ALKYD

15.5 Vinyl

15.6 Polyurethane

15.7 Other



16 Surface Type

16.1 Market Snapshot & Growth Engine

16.2 Interior Coating

16.3 Exterior Coating



17 Technology Type

17.1 Market Snapshot & Growth Engine

17.2 Market Overview

17.3 Water-Borne

17.4 Solvent-Borne

17.5 Powder-Based

17.6 UV-Cured



18 Product Type

18.1 Market Snapshot & Growth Engine

18.2 Emulsion

18.3 Enamel

18.4 Primers

18.5 Others



19 User Type

19.1 Market Snapshot & Growth Engine

19.2 Professional Users

19.3 DIY USERS



20 End-User

20.1 Market Overview

20.2 Market Snapshot & Growth Engine

20.3 Residential

20.4 Market Snapshot & Growth Engine

20.5 Construction of New Houses

20.6 Remodeling And Repainting

20.7 DIY

20.8 Non-Residential

20.9 Market Snapshot & Growth Engine

20.10 Commercial

20.11 Infrastructure

20.12 Industrial



21 Geography

21.1 Market Snapshot & Growth Engine

21.2 Geographic Overview


For more information about this report visit https://www.researchandmarkets.com/r/wxizgh

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