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Decorative Paints & Coatings Market worth 114.72 Billion USD by 2021


(, October 25, 2019 ) The report "Decorative Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Polyurethane), Product Type (Emulsion, Enamel, Wood Coating), Technology (Water-Based, Solvent-Based), Application (Residential, Non-Residential), and Region - Global Forecast to 2021", The decorative paints & coatings market is projected to grow from USD 87.06 Billion in 2016 to USD 114.72 Billion by 2021, at a CAGR of 5.7% from 2016 to 2021.

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The growth of the decorative paints & coatings market is mainly attributed to the expansion of the construction industry. This industry is anticipated to witness significant growth during the forecast period, due to rise in infrastructural developments, increase in population, and rise in standard of living.

The residential application segment is projected to lead the decorative paints & coatings market

Based on application, the residential segment is the fastest-growing application segment of the decorative paints & coatings market. This growth is mainly attributed to the increase in residential construction activities and the rise in home ownership rates in emerging markets. The residential segment of the decorative paints & coatings market has been further classified into new construction/new paint and reconstruction/repainting. New painting activities are mainly associated with newly build residential constructions, whereas, repainting/reconstruction activities are associated with offering a new look to an old and dilapidated building.

Acrylic is most widely used resin type in the decorative paints & coatings market

Based on resin type, the acrylic segment is projected to grow at the highest CAGR during the forecast period, due to their chemical characteristics and unique aesthetic properties. These resins encompass properties such as durability, exceptional weather ability, waterproofing, and excellent electrostatic characteristics. Acrylics are available as emulsions (latex), lacquers, enamels, and powders. In addition, acrylic-based paints possess good color and gloss retention, along with durability and protection from degradation.

Don't miss out on business opportunities in Decorative Paints & Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Decorative Paints & Coatings Market”
94 - Market Data Tables
47 - Figures
147 - Pages

Asia-Pacific is the largest market for decorative paints & coatings

Asia-Pacific is projected to be the largest and fastest-growing market for decorative paints & coatings both, in terms of value and volume. The growth of the decorative paints & coatings market in the Asia-Pacific region is primarily driven by rapid urbanization, increase in disposable income of the middle-class population, and expansion of the construction industry in this region. China, India, Australia & New Zealand, Indonesia, Japan, and South Korea, among others, are witnessing an increase in demand for decorative paints & coatings. Among all countries, China accounted for the largest share of the Asia-Pacific decorative paints & coatings market in 2015, owing to increased focus on eco-friendly products and rise in construction activities. In addition, several leading players are shifting their production base to China, due to low-cost labor and easy accessibility of raw materials in this country.

Key players operating in the decorative paints & coatings market include PPG Industries (U.S.), AkzoNobel N.V. (Netherlands), Sherwin-Williams Company (U.S.), Masco Corporation (U.S.), Nippon Paint Co., Ltd. (Japan), Jotun A/S (Norway), Asian Paints (India), Kansai Paint Co., Ltd. (Japan), and DuluxGroup Ltd. (Australia), among others.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh


Source: EmailWire.Com

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