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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**Segments**
- By Resin Type
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Others
- By Product Type
- Primer
- Enamel
- Emulsions
- Others
- By Technology
- Waterborne
- Solvent-borne
- Powder Coatings
**Market Players**
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- Asian Paints
- RPM International Inc.
- Berger Paints India Limited
- Kansai Paint Co., Ltd.
- Jotun
- Hempel A/S
The global decorative coatings market is segmented based on resin type, product type, and technology. In terms of resin type, the market is categorized into acrylic, alkyd, epoxy, polyurethane, and others. Acrylic coatings are widely used due to their durability, weather resistance, and versatility. Alkyd coatings are known for their high gloss and fast-drying properties. The epoxy segment is expected to witness significant growth due to its excellent adhesion and chemical resistance. Polyurethane coatings offer superior durability and are often used in high-traffic areas. The market also includes other resin types catering to specific needs.
The product type segment includes primer, enamel, emulsions, and others. Primers are essential for preparing the surface for painting, ensuring better adhesion and smooth finish. Enamel coatings provide a glossy finish and are commonly used for metal surfaces. Emulsions are water-based coatings that offer easy application, low odor, and quick drying. The market encompasses various other product types to meet diverse requirements of end-users.
In terms of technology, the decorative coatings market is divided into waterborne, solvent-borne, and powder coatings. Waterborne coatings are environmentally friendly, low in volatile organic compounds (The global decorative coatings market is highly competitive, with several key players dominating the industry. Some of the major market players in the decorative coatings sector include Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Asian Paints, RPM International Inc., Berger Paints India Limited, Kansai Paint Co., Ltd., Jotun, and Hempel A/S. These companies have a strong presence in the market and offer a wide range of decorative coatings products to cater to various end-user requirements.
Akzo Nobel N.V. is one of the leading players in the decorative coatings market, known for its innovative products and sustainable solutions. The company focuses on research and development to introduce advanced coatings that meet the changing market demands. PPG Industries, Inc. is another key player that has a global presence and offers a diverse portfolio of decorative coatings for different applications. The Sherwin-Williams Company is renowned for its high-quality paints and coatings, catering to both residential and commercial markets.
Nippon Paint Holdings Co., Ltd. is a prominent player in the decorative coatings industry, known for its technological advancements and product quality. The company continuously invests in R&D to develop new coatings that meet customer specifications. Asian Paints is a major player in the Asia-Pacific region, with a strong market presence and a wide distribution network. RPM International Inc. is a global leader in specialty coatings, offering a range of decorative coatings products under various brand names.
Berger Paints India Limited is a well-established player in the Indian decorative coatings market, known for its decorative paints and industrial coatings. The company focuses on product innovation and customer satisfaction to maintain its competitive edge. Kansai Paint Co., Ltd. is a leading manufacturer of decorative coatings, with a focus on sustainable solutions and environmental protection. Jotun is a global leader in marine and protective coatings, offering a wide range of decorative coatings for residential and commercial applications. Hempel**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 witnessing significant growth and is expected to continue its upward trajectory in the coming years. The market is segmented based on various factors such as resin type, product type, technology, and key players. Acrylic coatings are gaining popularity in the market due to their durability and versatility, making them suitable for a wide range of applications. Alkyd coatings are known for their high gloss finish, while epoxy coatings offer excellent adhesion and chemical resistance. Polyurethane coatings are favored for their superior durability, especially in high-traffic areas.
In terms of product types, the market offers a diverse range of options including primers, enamels, and emulsions. Primers play a crucial role in surface preparation, ensuring better adhesion and a smooth finish for subsequent coatings. Enamel coatings provide a glossy finish and are commonly used in metal surfaces. Emulsions, being water-based
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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