Decorative Coatings Market Size to Reach Revenues of over USD 78 Billion by 2026 - Arizton

CHICAGO, April 23, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global decorative coatings market report.

The decorative coatings market is expected to grow at a CAGR of over 5% during the period 2020−2026.

Key Highlights Offered in the Report:  

Key Offerings:

• Market Size & Forecast by Revenue | 2020-2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by resin type, formation, product, end-user, surface type, and geography
• Competitive Landscape – 5 key vendors and 32 other vendors

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Decorative Coatings Market – Segmentation

• The demand for water-borne acrylic coatings is likely to augment during the forecast period due to their low volatile organic component (VOC) content, high gloss retention, and promising drying times. Acrylic decorative coatings are used in residential and non-residential sectors.
• The water-borne decorative coatings market is expected to reach over USD 51 billion by 2026. Stringency on VOC and emission standards regulations have contributed to the market growth. These regulations have increased the demand for water-borne coatings in the APAC region.
• Emulsion-based paints are becoming increasingly popular among consumers as they are less toxic with no odor and release a small quantity of VOCs. These paints have witnessed enormous growth over the past few years with rapid urbanization, the revival of the economy, and increased disposable incomes.

Decorative Coatings Market by Resin Type

• Acrylic
• Alkyd
• Vinyl
• Polyurethane
• Others

Decorative Coatings Market by Formation

• Waterborne
• Solvent-based
• Powder-based
• UV Cured

Decorative Coatings Market by Product

• Emulsion
• Enamels
• Primer
• Others

Decorative Coatings Market by End-user

• Residential
• New Construction
• Renovating & Remodeling Activities
• DIY
• Non-residential
• Infrastructure
• Industrial
• Commercial

Decorative Coatings Market by Surface Type

• Interior
• Exterior

Decorative Coatings Market – Dynamics

With the demand for aesthetics and environment-friendly coatings, durability has also improved. Current demographic, socio-economic, and regulatory factors are also necessitating a longer product lifetime. Increasing reference to high-performance has played an important role, especially in commercial and institutional applications. Major coating manufacturers in APAC are working on smart coatings, which will improve mold and dirt resistance, and environment-friendly coatings that are water-borne, reduce the concentration of VOCs, and are formaldehyde-free. The preference for water-borne coatings in decorative paints has resulted in a 75% reduction in VOCs in Canada. Moreover, powder-based and UV-cured coating technologies are expected to rise in the upcoming years, as these are environment-friendly.

Key Drivers and Trends fueling Market Growth:

• Remodeling and Repaint in the Construction Sector
• Introduction of DIY Paint
• Anti-Microbial Coatings
• Alternatives to Decorative Paints

Decorative Coatings Market – Geography

North America, which includes the key countries of the US and Canada, constitutes a significant region as it hosts the most advanced and largest economies of the world. The US is the major revenue contributor to the North American decorative coatings market. Canada is likely to experience healthy growth during the forecast period. The growth in this region is mainly attributed to the rising economic growth, coupled with residential constructions, establishments of new businesses, the expansion of commercial spaces, and increasing disposable incomes. The market for decorative coatings in North America is driven by the growth in construction, residential, home improvements, and industrialization sectors. Renovation activities also drive the market for decorative coatings.

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Decorative Coatings Market by Geography

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Russia
• Spain
• Italy

APAC

• China
• Japan
• South Korea
• India
• Thailand
• Indonesia

Latin America

• Brazil
• Mexico

Middle East & Africa

• Saudi Arabia
• South Africa
• UAE

Major Vendors

• AkzoNobel
• PPG industries
• Sherwin Williams
• RPM International Inc
• Axalta Coatings System

Other Prominent Vendors

• Arkema
• Asian Paints
• BASF Chemical Company
• Berger Paints Company
• Brillux Gmbh & CO. KG
• Cabot Corporation Chemical Company
• Carpoly Chemical Group
• Clariant AG Chemical Company
• Cromology SAS Company
• DAW SE
• Diamond Vogel Paint Company
• DSM Corporation
• Dulux Group Limited
• Dunn Edwards Paints
• Eastman Chemical Company
• Fujikura Kasei Company Ltd.
• H.B. Fuller
• Hempel Group
• Jotun Chemical Company
• Kansai Paint Company Limited
• KCC Corporation
• Masco Manufacturing Company
• Nippon Paint Holdings Limited
• NOROO Paint & Coatings Company Ltd.
• Nuplex Industries Limited
• Premium Coatings and Chemicals Pvt Ltd.
• Sacal International Group Limited
• SK Kaken Company Limited
• Teknos Group OY
• Tikkurila OYJ
• Tnemec Company Inc.
• Wacker Chemie AG 

Explore our chemical & materials profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence