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.
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.
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?
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 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Decorative Coatings Market
6 Market Breakup by Technology
7 Market Breakup by Product
8 Market Breakup by Resin Type
9 Market Breakup by Coating Type
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
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 Attribute | Details |
---|---|
No. of Pages | 137 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 70.4 Billion |
Forecasted Market Value ( USD | $ 97.4 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |