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Global Decorative Coatings Market Research Report:
According to the latest report by IMARC Group, titled “ Decorative Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028
” the global decorative coatings market reached a strong growth in 2022.
Decorative coatings are used on the interior and exterior surfaces of different structures to enhance their aesthetics and protect them against moisture, ultraviolet (UV) radiations, corrosion, blistering, chalking, fading, and peeling. They have anti-slip, anti-graffiti, anti-microbial, urine repellant, and scratch and fire-resistant properties. Besides this, as they offer bright colors to metal and plastic substrates and assist in light absorption and insulation, decorative coatings are utilized in the commercial, industrial, and residential sectors around the world.
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Rapid infrastructural development across the globe represents one of the key factors stimulating the growth of the market. Moreover, leading players operating in the industry are focusing on product innovations to offer a better customer experience. They are also engaging in partnerships and collaborations to increase their brand presence. Apart from this, decorative coatings find extensive applications in mobile phones, computers, cameras, watches, door handles, eyewear, furniture, automotive parts, and bathroom equipment. They are also utilized in transparent glassceramic cookers and packaging materials that are employed in the food and beverage (F&B) industry. In addition, water-based decorative coating additives aid in color tinting or enhancing the luster of textiles with fabric dyes and preventing oxidation of metal substrates using rust inhibitors. Moreover, there is a considerable rise in the number of people using adornment made from plastics or paper machetes on account of the increasing costs of gold and other precious metals. This, along with the rising demand for eco-friendly decorative coatings, is driving the market. Furthermore, increasing renovations and refurbishments of homes and offices, coupled with the increasing trend of do-it-yourself (DIY) among individuals, are impelling the growth of the market.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Technology:
• Waterborne Coatings
• Solvent-borne Coatings
• Powder Coatings
Breakup by Product:
• Primer
• Enamel
• Emulsions
• Others
Breakup by Resin Type:
• Acrylic
• Polyurethane
• Alkyd
• Vinyl
• Epoxy
• Others
Breakup by Coating Type:
• Interior
• Exterior
Breakup by Application:
• Residential
• Commercial
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
Arkema S.A
Ashland Global Holdings Inc.
Asian Paints Limited
Axalta Coating Systems Ltd.
BASF SE
Berger Paints India Limited
Clariant AG
Eastman Chemical Company
Kansai Paint Co. Ltd.
KCC Corporation
Nippon Paint Holdings Co. Ltd.
PPG Industries Inc.
RPM International Inc.
• The Sherwin-Williams Company.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/decorative-coatings-market
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