Global Decorative Paints Coatings Market
Global Decorative Paints Coatings Market
  1. Global Decorative Paints Coatings Market
  2. Global Decorative Paints Coatings Market

Global Decorative Paints Coatings Market

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Global Decorative Paints Coatings Market

Decorative paints coatings are basically used for decoration purpose and to make the decorated material looks attractive. The main application of decorative paints is to enhance the appearance of furniture, household items and architectural features. Decorative paints can be applied on surfaces such as walls/floors/shelves/doors/windows etc. Key regions in decorative paints coatings are China and Europe. Key suppliers in decorative paints coatings include BASF SE, AkzoNobel and Ticona

The report covers the key Global Decorative paints coatings market trends, including production volumes, supply and demand forecasts, market size comparison among key regions and countries. The report also analyses key market factors that are likely to affect the growth of the Global Decorative paints coatings market over the forecast period.

The market size of decorative paints coatings is projected to grow at a CAGR of 4.2% during the forecast period. The increasing demand for decorative paints coatings is bolstering the growth associated with this market, while the rising prices of raw materials are poised to hinder the market growth.  The players within this market are hereby poised to invest in alternate sources which could potentially yield a cost optimum product and hereby boost decorative paints coatings sales. The drivers for decorative paints coatings include the increasing demand for non-stick surfaces, environmental issues and higher end products.

Decorative paints market is a fast growing industry due to increasing demand of colors that are used in buildings, homes and offices. Growth of decorative paints market has been driven by the construction industry. Increase in focus on decorative interiors of buildings and its aesthetic value adding to decorative paints market. Also it has increased the use of colors in walls, ceilings and flooring materials including vinyl, acrylic and PVC. Businesses are focusing on innovations with new colors so that they can build their brand identity.

When completing a regional market analysis, it becomes clear that APAC controls a significant portion of the world market for decorative paints and coatings. This is mainly because there are more and more developing economies in this area. Additionally, nations like India, China, Indonesia, and Japan have made significant investments in the infrastructure and building sector. As was already said, a significant portion of the decorative paints and coatings market’s value chain is composed of the building industry, which accounts for the region’s relatively high demand for this chemical ingredient. Key players like AkzoNobel witnessed a substantial growth in revenue from North Asia in specific, followed by South Asia and East Asia: thus allowing the company to offset the revenue imbalance caused as a result of the pandemic. 

Key players in decorative paints coatings market is focusing on innovation and product development. Key M&A in decorative paints coatings market: In November 2011, Sherwin-Williams acquired SPI Industries for $46 million. In May 2012, PPG acquired Pittard International for an undisclosed amount. In July 2012, Sherwin-Williams purchased Parkwood Industries Inc.As of 2022, it was noted that Asian Paints Limited to acquires White Teak Fenestration and Weatherseal Fenestration.

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