Global Decorative Coatings Market Projected to Grow USD 84 Billion by 2026

15-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Decorative Coatings Market By Type (Acrylic, Alkyd, Vinyl, Polyurethane, and Others), and By Technology (Waterborne, Solventborne, and Powder Coating): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Decorative Coatings market in 2019 was approximately USD 68 billion. The market is expected to grow above a CAGR of 4.4% and is anticipated to reach over USD 84 billion by 2026.

Decorative Coatings Market Size

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Decorative coatings are the paints used for improving and preserving the structure's internal or exterior surface. This can be extended to apartments, houses, shaves and moldings. Decorative coatings also available in different attractive colors that give the walls or any application the well-finished look. These are used primarily for decorative purposes but also to protect the surface against water absorption, fungi and plankton, oxidation and UV exposure. Wall paints, wood finishes and enamel products are used in these types of coatings.

Browse the full “Decorative Coatings Market By Type (Acrylic, Alkyd, Vinyl, Polyurethane, and Others), and By Technology (Waterborne, Solventborne, and Powder Coating): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/decorative-coatings-market-by-type-acrylic-alkyd-vinyl-1176

Increasing consumer perception of decorative ideas and designs and rising craze for home decor are accelerating the expansion of the worldwide market for decorative coatings. The philosophy of Do - It-Yourself (DIY) have prompted many interior designers and art practitioners to adopt this form of coating, culminating in customers focusing on enticing ideas for decorating their residential properties. The widespread use of color customization in the automotive sector is also one of the factors driving the growth of the global market for decorative coatings.

However, the consumer's demand for environmentally sustainable goods to build the clean and balanced home atmosphere has boosted global demand of liquid-based decor coatings. Decorating an exquisite decorated house that gives both inside and outside a royal feel is a phenomenon and is often known as a novelty item. This therefore enhances product demand, stimulating the rise for the market of decor coatings. The growing population is the result of large-scale urbanization worldwide, which contributes to the need to construct homes, contributing to increased demand for decorative coatings items. Latest product growth, mergers, acquisitions and joint ventures are main approaches the global market players are taking to raise the demand for decorative coatings.

In 2019, the acrylic group had the largest share. Acrylic weathering and corrosion resistance is much better than oil-based paint, alkyds, or epoxies, as the main components of acrylic composites have a solid polymer frame with very little ability to absorb UV light. However, acrylics have strong retention of color and absorption of gloss. These are also well known for their consistency as these protect the basic substrate from degradation due to wind, snow and UV light exposure. The powder coating category is the rapidly expanding market for decorative paints in 2019 , due to its lower production costs, high manufacturing efficiencies, no VOC emissions, non-flammabilityand low spark risks.

APAC is anticipated to be the fastest-growing region during the forecast era. It is projected to account for the largest share market for decorative paints & composites in 2019. A increasing population and economic growth drive the market for decorative paints & coatings at APAC.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 68 Billion

Projected Market Size in 2026

USD 84 Billion

CAGR Growth Rate

4.4% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Kansai Paint Co. Ltd., AkzoNobel Coatings NV, Sherwin-Williams Co., DuPont Coatings and Color, Technologies Group, ICI Paints, BASF Coatings AG, Dow Coating Materials., PPG Industries Inc., Hempel A/S, The Valspar Corporation, Ashland Inc., RPM International Inc., and Others.

Key Segment

By Type, By Technology, By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Kansai Paint Co. Ltd., AkzoNobel Coatings NV, Sherwin-Williams Co., DuPont Coatings and Color, Technologies Group, ICI Paints, BASF Coatings AG, Dow Coating Materials., PPG Industries Inc., Hempel A/S, The Valspar Corporation, Ashland Inc., RPM International Inc., and Others.

This report segments the Decorative Coatings market as follows:

By Type Segmentation Analysis

  • Acrylic
  • Alkyd
  • Vinyl
  • Polyurethane
  • Others

By Technology Segmentation Analysis

  • Waterborne
  • Solventborne
  • Powder Coating

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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