June 22, 2022
According to the recent research report titled ‘Global Interior Decorative Coatings Market 2022-2028’ available with MarketStudyReport, global interior decorative coatings market is expected to register 5.4% CAGR during the study period, eventually reaching USD 53,003 million by the year 2028.
Increasing standard of living, growing trends in interior decoration, and rise in disposable income are key factors driving the global interior decorative coatings market growth.
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Ornamental coatings, often known as decorative paints, are used on fixed structures like buildings, residences, decks, barns, and pavements, both inside and out. They provide a substrate with decoration, protection, and durability.
The research offers in-depth analysis of the historical and current market trends as well as the most recent trends and key factors in the global interior decorative coatings industry. It provides a unique perspective on market growth, major trends, the competitive landscape, growth rate, and various segments. The influence of the COVID-19 problem on the interior decorative coatings sector is also examined in this study.
The global interior decorative coatings marketplace is further segmented into formulation type, chemistry, surface type, application model, end user segment, and regional landscape. By formulation type, the market is split into solvent-borne and waterborne. The waterborne segment is predicted to capture the largest market share during the forecast period.
By chemistry type the market is segregated into polyurethane (PU), acrylic, alkyd, epoxy, and others. Based on surface type, the interior decorative coatings market is bifurcated into wood, metal, and masonry. On the basis of application scope, the market can be divided into DIY interior design and professional interior decoration.
Moving forward, this business space, in terms of end-user landscape, is categorized into residential and commercial spaces.
The regional landscape of worldwide interior decorative coatings market spans across Europe, North America, Asia Pacific, and rest of the world. Asia Pacific market is expected to witness significant growth throughout the study duration owing to evolving consumer spending patterns and rapid economic growth.
Akzo Nobel N.V., Caparol Paints LLC, Asian Paints Ltd., Dunn-Edwards Corporation, Jotun A/S, Nippon Paint Holdings Co. Ltd., Hempel A/S, Kelly-Moore Paint Company, Kansai Paint Co. Ltd., Sherwin-Williams Company, PPG Industries Inc., and SKSHU Paint Co., Ltd. are some of the leading companies operating the global interior decorative coatings industry.