Decorative Paints & Coatings Market Overview

The market for decorative paints and coatings was estimated to be worth USD 73.94 billion in 2023. From 2024 to 2030, the market is projected to develop at a compound annual growth rate (CAGR) of 5.73 percent, reaching about USD 109.21 billion.

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Decorative Paints & Coatings Market Report Scope and Research Methodology

The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Decorative Paints & Coatings market. The report is an in-depth analysis of the Decorative Paints & Coatings market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Decorative Paints & Coatings market. The bottom-up approach was used to understand the Decorative Paints & Coatings market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Decorative Paints & Coatings market.

The Decorative Paints & Coatings Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Decorative Paints & Coatings industry.

Decorative Paints & Coatings Market Regional Insights

Regional analysis is conducted to assess the status of the Decorative Paints & Coatings market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Decorative Paints & Coatings market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Decorative Paints & Coatings Market Segmentation :

by Resin Type

Acrylic
Alkyd
Polyurethane
Others

by Product Type

Emulsions
Wood Coating
Enamels
Distempers
Others

by Technology Type

Water-based Paints
Solvent-based Paints
Powder Coatings
Specialty Coatings

The market for decorative paints and coatings in 2023 was led by water-based paints, which are popular in both residential and commercial settings because of their low volatile organic compounds (VOCs) and environmental friendliness. Despite worries about volatile organic compounds (VOCs), solvent-based paints are widely used in industrial applications due to their exceptional durability and adherence, especially in the automotive and machinery sectors. Preferred for their longevity and corrosion resistance, powder coatings are mostly used in metal finishing applications in a variety of industries, such as architecture, appliances, and automobiles. Adoption in industries like healthcare, food processing, and infrastructure is fueled by specialty coatings, which include a wide variety of formulations like anti-graffiti, antimicrobial, and heat-resistant coatings. These coatings are designed for specialized applications where particular performance requirements are crucial.

by End-Use Industry

Residential
Commercial
Industrial
Automotive
Furniture & Woodwork

Decorative Paints & Coatings Market Key Players :

Major Contributors in the Decorative Paints & Coatings Industry in North America:

1. Sherwin-Williams Company - Headquarters: Cleveland, Ohio, USA
2. PPG Industries, Inc. - Headquarters: Pittsburgh, Pennsylvania, USA
3. RPM International Inc. - Headquarters: Medina, Ohio, USA
4. Axalta Coating Systems Ltd. - Headquarters: Philadelphia, Pennsylvania, USA
5. Benjamin Moore & Co. - Headquarters: Montvale, New Jersey, USA

Leading Figures in the European Decorative Paints & Coatings Sector:

1. Akzo Nobel N.V. - Headquarters: Amsterdam, Netherlands
2. BASF SE - Headquarters: Ludwigshafen, Germany
3. DAW SE - Headquarters: Ober-Ramstadt, Germany
4. Hempel A/S - Headquarters: Copenhagen, Denmark
5. Jotun Group - Headquarters: Sandefjord, Norway
6. Akzo Nobel N.V. - Headquarters: Amsterdam, Netherlands

Key players driving the Asia-Pacific Decorative Paints & Coatings Market:

1. Nippon Paint Holdings Co., Ltd. - Headquarters: Osaka, Japan
2. Berger Paints India Limited - Headquarters: Kolkata, India
3. Guangdong Carpoly Chemical Group Co., Ltd. - Headquarters: Guangzhou, Guangdong, China
4. Shanghai Coatings Co., Ltd. - Headquarters: Shanghai, China
5. SKSHU Paint Co., Ltd. - Headquarters: Guangzhou, Guangdong, China

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Key questions answered in the Decorative Paints & Coatings Market are:

What is Decorative Paints & Coatings ?
What was the Decorative Paints & Coatings market size in 2023?
What is the growth rate of the Decorative Paints & Coatings Market?
Which are the factors expected to drive the Decorative Paints & Coatings market growth?
What are the different segments of the Decorative Paints & Coatings Market?
What growth strategies are the players considering to increase their presence in Decorative Paints & Coatings ?
What are the upcoming industry applications and trends for the Decorative Paints & Coatings Market?
What segments are covered in the Decorative Paints & Coatings Market?
Who are the leading companies and what are their portfolios in Decorative Paints & Coatings Market?
What segments are covered in the Decorative Paints & Coatings Market?
Who are the key players in the Decorative Paints & Coatings market?

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