Global Decorative Coatings Market To Register 5.3% CAGR Through 2028

June 22, 2022

According to the research report titled ‘Global Decorative Coatings Market 2022-2028’, available with MarketStudyReport, global decorative coatings market is expected to account for USD 84,796 million in valuation by the year 2028, exhibiting a 5.3% CAGR during the study period.

Rising disposable income, increasing demand from the construction sector, and growing trends of interior decoration are the key factors driving the growth of the global decorative coatings market.

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For those unaware, the decorative coatings are applied to the surfaces of stationary structures such as bridges, buildings, and roads, or parts of the stationary structures like pavements, facades, and prefabricated materials. These coatings can also be used for aesthetic purposes or protection. Thus, variety of product applications have augmented the demand for decorative coatings across the globe.

Notably, the research report on global decorative coatings market provides an in-depth analysis regarding the  key development trends, such as the growth catalysts, challenges & restraints, and other expansion avenues. The report also offers a numerical information such as the overall market size, share, volume, expected growth rate as well as the revenue scale during the study period.

Apart from this, the document offers vital data regarding the various market segmentations such as the formulation type, by chemistry, surface type, customer type, end-user terrain, and regional contribution.

In terms of formulation type, the market is bifurcated in terms of solvent-borne and waterborne. Moving on to the chemistry type, the market is fragmented in terms of polyurethane, alkyd, acrylic, epoxy, and others.

With respect to the surface type, the market is divided into interior and exterior segments. As per customer type, the market is categorized on the basis of professional contractors and DIY.

Citing the end-user terrain, the market is segmented into commercial and residential.

The regional bifurcation of this business space extends to North America, Asia Pacific, Europe, and the rest of the world.

Speaking of which, the competitive terrain of global decorative coatings industry landscape is defined by companies such as Tnemec Company, Inc., Tikkurila Oyj, SKSHU Paint Co., Ltd., Sherwin-Williams Company, SACAL International Group Ltd., RPM International Inc., PPG Industries Inc., NOROO Paint & Coatings Co. Ltd., Nippon Paint Holdings Co. Ltd., Masco Corporation, Kelly-Moore Paint Company Inc., Kansai Paint Co. Ltd., Jotun A/S, Hempel A/S, Dunn-Edwards Corporation, Diamond Vogel Paint Company, DAW SE, Cromology SAS, Caparol Paints LLC, Berger Paints Ltd., Benjamin Moore & Co., Axalta Coating Systems Ltd., Asian Paints Ltd., and Akzo Nobel N.V.

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