Decorative Coatings Market Sales, Mergers and Acquisitions, Share, Trend Analysis, Growth Status, Revenue Expectation 2019-2023

Decorative Coatings Market Sales, Mergers and Acquisitions, Share, Trend Analysis, Growth Status, Revenue Expectation 2019-2023

“Decorative Coatings Market”
Decorative Coatings Market Research Report – by Type (Primer, Enamel, Emulsion and Others), by Technology (Water Borne and Solvent Borne), by Application (Residential, Non-Residential and Others) and by Region – Global Forecast till 2023

Market Scenario

The global decorative coatings market is exhibited to grow at an extravagant growth rate during the forecast period (2017-2023), exerts Market Research Future (MRFR).

Market Drivers and Restraints

The growth of the decorative coatings market is apparent on the face of growing application of decorative coatings for enhancing the visual appeal of substrates in coating wall as well as ceilings, wooden flooring of the buildings and furniture. Also, they are used as coatings for metal objects along with plastic materials.

Get Free Sample Copy@ https://www.marketresearchfuture.com/sample_request/5082

Moreover, growing awareness among the consumers regarding decorative ideas and designs coupled with the increasing craze of interior decoration are responsible for the astounding market performance of decorative coatings. With Do-It-Yourself (DIY) ideology attracting several interior decorators and arts professionals to implement such type of coating, consumers are now focusing on attractive ideas to decorate their residential or commercial properties. Apart from this, the extensive use of color customization concept in the automobile industry has catapulted the development of the global decorative coatings market as well. But the implementation of stringent regulations by various government bodies has restricted the use of toxic organic chemicals which are used in the production of decorative coatings. This factor could be detrimental to the growth of the decorative coatings market.

Key Players

  • Akzo Nobel N.V.
  • Asian Paints Limited
  • BASF SE
  • PPG Industries Inc
  • Kansai Paint Co., Ltd.
  • Nippon Paints Co. Ltd
  • The Sherwin-Williams Company
  • The Valspar Corporation
  • Arkema S.A.
  • Tikkurila Oyj

Competitive Landscape

Latest product development along with Mergers And Acquisitions as well as joint ventures have been the popular strategies undertaken by the market players in a bid to boost the decorative coatings market.

Case in point being Dutch Boy Paints, a company that has recently launched Dutch Boy Forever paint + primer, which is a line of stain-blocking interior and ceiling paints that features the Arm & Hammer Odor Eliminating technology.

Market Segmentation

The global decorative coatings market is segmented on the basis of type, technology, application, and region. By Type, the market is segmented into primer, enamel, emulsion, and others. The emulsion has turned out to be the dominant type of product owing to its superior quality providing greater coverage on the substrate and also the ease of application. However, emulsions are closely followed by enamel and lusters.

By Technology, the market is segmented into waterborne and solvent-borne. Application-wise, the decorative coatings market is segmented into residential, non-residential and others. Among these, the residential sector claims the sizeable share of the global market due to the growing residential constructions across the globe. Key factors such as increasing per capita income resulting in increasing home ownership and urbanization have been instrumental in the growth of the segment.

Regional Analysis

Region-wise, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa.

Among these, the North America decorative coatings market is forecasted to experience a remarkable growth as a result of the increasing production capacities and rising economic growth rate. As of 2016, the United States (U.S) was one of the largest markets in terms of value & volume and the market is predicted to grow further with a moderate CAGR on the back of growing decorative coatings application in the furniture sector. The Europe market is set to grow at a healthy rate on account of the ever-increasing demand for decorative coatings in various countries like Italy, Germany, Spain, the U.K, France, and Russia. This growth is evident because of the increasing expenditure in innovation coupled with the growing purchasing power of consumers. Furthermore, the presence of major decorative coatings manufacturers, particularly in Germany is deemed to give a significant push to the market growth. Various countries in Latin America such as Argentina, Colombia, and Brazil are presumed to note a decline in the decorative coatings market as a result of the financial crisis where the regional debts have surpassed their incomes.

Whereas, Asia Pacific decorative coatings market is reported to observe moderate growth owing to the developing construction industry as well as the expanding middle-class populace in China and India. Also, growing awareness along with environmental concerns in several economies like China, India, Malaysia, Thailand, and Japan is fostering the demand for ecofriendly based decorative coatings, leading to the massive growth of the decorative coatings market in the region.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/decorative-coatings-market-5082

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/decorative-coatings-market-5082