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Decorative Coatings Market Report by Technology, Product, Resin Type, Coating Type, Application, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5732358
Description Jump to:
The global decorative coatings market size reached US$ 70.4 Billion in 2023. Looking forward, the market is projected to reach US$ 97.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.67% during 2023-2032.

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.

Decorative Coatings Market Trends

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 glass-ceramic 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.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global decorative coatings market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on technology, product, resin type, coating type and application.

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

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., 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. and The Sherwin-Williams Company.

Key Questions Answered in This Report

1. What was the size of the global decorative coatings market in 2023?
2. What is the expected growth rate of the global decorative coatings market during 2024-2032?
3. What are the key factors driving the global decorative coatings market?
4. What has been the impact of COVID-19 on the global decorative coatings market?
5. What is the breakup of the global decorative coatings market based on the technology?
6. What is the breakup of the global decorative coatings market based on the product?
7. What is the breakup of the global decorative coatings market based on the application?
8. What are the key regions in the global decorative coatings market?
9. Who are the key players/companies in the global decorative coatings market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Decorative Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Waterborne Coatings
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Solvent-borne Coatings
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Powder Coatings
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product
7.1 Primer
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Enamel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Emulsions
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Resin Type
8.1 Acrylic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Polyurethane
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Alkyd
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Vinyl
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Epoxy
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Coating Type
9.1 Interior
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Exterior
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Akzo Nobel N.V.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Arkema S.A
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Ashland Global Holdings Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Asian Paints Limited
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Axalta Coating Systems Ltd.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 BASF SE
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Berger Paints India Limited
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Clariant AG
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Eastman Chemical Company
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Kansai Paint Co. Ltd.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 KCC Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.12 Nippon Paint Holdings Co. Ltd.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
16.3.13 PPG Industries Inc.
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
16.3.14 RPM International Inc.
16.3.14.1 Company Overview
16.3.14.2 Product Portfolio
16.3.14.3 Financials
16.3.14.4 SWOT Analysis
16.3.15 The Sherwin-Williams Company
16.3.15.1 Company Overview
16.3.15.2 Product Portfolio
16.3.15.3 Financials
16.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Decorative Coatings Market: Major Drivers and Challenges
Figure 2: Global: Decorative Coatings Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Decorative Coatings Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Decorative Coatings Market: Breakup by Technology (in %), 2023
Figure 5: Global: Decorative Coatings Market: Breakup by Product (in %), 2023
Figure 6: Global: Decorative Coatings Market: Breakup by Resin Type (in %), 2023
Figure 7: Global: Decorative Coatings Market: Breakup by Coating Type (in %), 2023
Figure 8: Global: Decorative Coatings Market: Breakup by Application (in %), 2023
Figure 9: Global: Decorative Coatings Market: Breakup by Region (in %), 2023
Figure 10: Global: Decorative Coatings (Waterborne Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Decorative Coatings (Waterborne Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Decorative Coatings (Solvent-borne Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Decorative Coatings (Solvent-borne Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Decorative Coatings (Powder Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Decorative Coatings (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Decorative Coatings (Primer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Decorative Coatings (Primer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Decorative Coatings (Enamel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Decorative Coatings (Enamel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Decorative Coatings (Emulsions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Decorative Coatings (Emulsions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Decorative Coatings (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Decorative Coatings (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Decorative Coatings (Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Decorative Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Decorative Coatings (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Decorative Coatings (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Decorative Coatings (Alkyd) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Decorative Coatings (Alkyd) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Decorative Coatings (Vinyl) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Decorative Coatings (Vinyl) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Decorative Coatings (Epoxy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Decorative Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Decorative Coatings (Other Resin Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Decorative Coatings (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Decorative Coatings (Interior) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Decorative Coatings (Interior) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Decorative Coatings (Exterior) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Decorative Coatings (Exterior) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Decorative Coatings (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Decorative Coatings (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Decorative Coatings (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Decorative Coatings (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Decorative Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Decorative Coatings Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Decorative Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Decorative Coatings Industry: SWOT Analysis
Figure 94: Global: Decorative Coatings Industry: Value Chain Analysis
Figure 95: Global: Decorative Coatings Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Decorative Coatings Market: Key Industry Highlights, 2018-2023
Table 2: Global: Decorative Coatings Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Decorative Coatings Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 4: Global: Decorative Coatings Market Forecast: Breakup by Resin Type (in Million US$), 2024-2032
Table 5: Global: Decorative Coatings Market Forecast: Breakup by Coating Type (in Million US$), 2024-2032
Table 6: Global: Decorative Coatings Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 7: Global: Decorative Coatings Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Decorative Coatings Market: Competitive Structure
Table 9: Global: Decorative Coatings Market: Key Players

Companies Mentioned

  • Akzo Nobel N.V.
  • 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

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 70.4 Billion
Forecasted Market Value ( USD ) by 2032 $ 97.4 Billion
Compound Annual Growth Rate3.6%
Regions CoveredGlobal
No. of Companies Mentioned15

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