Global Decorative Coatings Market - Industry Trends and Forecast to 2030
Global Decorative Coatings Market, By Product (Primer, Enamel, Emulsions, and Others), Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), Formulation (Water-Based, and Solvent-Based), Substrate (Metal, Plastic, Glass, and Others), Coat Type (Top Coat, Base Coat, and Others), Application (Architectural, Automotive, Domestic Appliances, Medical, Sporting Goods, Jewellery, Cosmetics, and Aerospace) - Industry Trends and Forecast to 2030.
Data Bridge Market Research analyses that the decorative coatings market which was USD 66.32 billion in 2022, is expected to USD 95.76 billion by 2030, and is expected to undergo a CAGR of 4.7% during the forecast period of 2023 to 2030.
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The decorative coatings market is a sector that encompasses various applications, including residential, commercial, and industrial. Residential applications include painting walls, ceilings, and other surfaces in homes. Commercial applications involve decorating public spaces such as offices, hotels, and retail establishments. Industrial applications refer to coating products for machinery, equipment, and other industrial surfaces. The market for decorative coatings is driven by factors such as the growing construction industry, increasing disposable income, and changing consumer preferences towards aesthetically appealing living spaces.
**Segments**
- By Type (Water-Based, Solvent-Based, Powder-Based)
- By Application (Residential, Commercial, Industrial)
In terms of type, water-based decorative coatings are gaining popularity due to their low VOC emissions and environmental friendliness. Consumers are becoming more conscious of the impact of chemicals on indoor air quality, leading to a shift towards water-based coatings. Solvent-based coatings offer durability and are often used in industrial applications where high-performance is required. Powder-based coatings are known for their durability and resistance to chipping, making them suitable for furniture and metal surfaces.
When it comes to applications, the residential sector accounts for a significant share of the decorative coatings market. The desire for personalized and aesthetically pleasing living spaces is driving the demand for decorative coatings in residential settings. Commercial applications are also on the rise, particularly in the hospitality and retail sectors where businesses are investing in interior aesthetics to attract customers. Industrial applications, although a smaller segment, are essential for protective coatings on equipment and machinery to ensure longevity and performance.
**Market Players**
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- BASF SE
Leading market players in the decorative coatings industry are investing in research and development to introduce innovative products with enhanced performance and sustainability. Companies are focusing on developing coatings that are not only visually appealing but also offer protection against wear and tear. Collaborations with architects, designers, andThe decorative coatings market is experiencing significant growth driven by the increasing demand for aesthetically appealing living and working spaces. The market is segmented by type, including water-based, solvent-based, and powder-based coatings, each catering to distinct consumer needs and preferences. Water-based coatings are witnessing a surge in popularity due to their low VOC emissions and eco-friendly properties, aligning with the rising consumer consciousness towards sustainability and indoor air quality. Solvent-based coatings, valued for their durability and high-performance characteristics, are predominantly used in industrial applications where robust protection is essential. Powder-based coatings are known for their exceptional durability and resistance to chipping, making them ideal for various surfaces, especially in the furniture and metal industries.
In terms of applications, the residential sector holds a substantial share in the decorative coatings market, fueled by the desire for customized and visually appealing home interiors. Consumers are increasingly investing in decorative coatings to transform their living spaces and reflect personal style preferences. Commercial applications are rapidly growing, particularly in sectors such as hospitality and retail, where businesses are leveraging decorative coatings to create inviting and stylish environments that attract customers. The industrial segment, though smaller, plays a crucial role in providing protective coatings for equipment and machinery, ensuring longevity and performance under challenging operating conditions.
Key players in the decorative coatings market, such as Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., and BASF SE, are actively engaged in research and development activities to introduce innovative products with enhanced performance attributes and sustainability features. These market leaders are focusing on developing coatings that not only offer visual appeal but also deliver durable protection against wear and tear, meeting the diverse needs of residential, commercial, and industrial consumers. Collaborations with architects, interior designers, and other stakeholders in the construction and design industries enable companies to gain valuable insights into emerging trends and customer preferences, guiding them in developing products that resonate with the evolving market demands.
Overall, the decorative coatings market is poised**Global Decorative Coatings Market, By Product (Primer, Enamel, Emulsions, and Others), Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), Formulation (Water-Based, and Solvent-Based), Substrate (Metal, Plastic, Glass, and Others), Coat Type (Top Coat, Base Coat, and Others), Application (Architectural, Automotive, Domestic Appliances, Medical, Sporting Goods, Jewellery, Cosmetics, and Aerospace) - Industry Trends and Forecast to 2030.**
The global decorative coatings market is experiencing robust growth, driven by various product segments catering to diverse consumer needs across different industries. Primers, enamels, emulsions, and other decorative coatings play a vital role in enhancing the aesthetic appeal and protection of surfaces in residential, commercial, and industrial settings. Resin types such as acrylic, alkyd, polyurethane, epoxy, polyester, and others offer distinct properties that contribute to the performance and durability of decorative coatings. The choice of formulation, whether water-based or solvent-based, influences the application, environmental impact, and longevity of coatings on different substrates like metal, plastic, glass, and others.
The diverse coat types, including top coat, base coat, and others, serve specific functions in providing aesthetically pleasing finishes and protective layers to surfaces. The application of decorative coatings spans across various industries such as architectural, automotive, domestic appliances,
Key points covered in the report: -
- The pivotal aspect considered in the global Decorative Coatings Market report consists of the major competitors functioning in the global market.
- The report includes profiles of companies with prominent positions in the global market.
- The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
- The driving factors for the growth of the global Decorative Coatings Market are thoroughly explained along with in-depth descriptions of the industry end users.
- The report also elucidates important application segments of the global market to readers/users.
- This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
- The experts also evaluate the export/import policies that might propel the growth of the Global Decorative Coatings Market.
- The Global Decorative Coatings Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Decorative Coatings Market Landscape
Part 04: Global Decorative Coatings Market Sizing
Part 05: Global Decorative Coatings Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
The investment made in the study would provide you access to information such as:
- Decorative Coatings Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country-wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
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