Decorative Coatings Market by Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solventborne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential), and Region - Global Forecast to 2024
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Request Now[179 Pages Report] The market for decorative paints & coatings is projected to grow from USD 67.0 billion in 2019 to USD 82.4 billion by 2024, at a CAGR of 4.2%. The global decorative paints & coatings market is witnessing high growth on account of growing end-use industries and technological advancements. The economic growth in developing countries, increasing investment in infrastructure, stringent environmental regulations, growing purchasing power, and the rising demand for green and environment-friendly coatings are also leading to the growth of the market.
Powder coatings segment is projected to witness the highest growth during the forecast period
The powder coatings segment is the fastest-growing segment due to their lower operating cost, high operating efficiencies, no VOC emissions, non-flammability, and low spark hazards. From the architectural perspective, there is a growing interest in wood effects, which are achieved through sublimation print transfer. Powder coatings are attractive from a pollution prevention standpoint because no solvents are used in the coating formation, and there is little or no hazardous waste to dispose of. Moreover, there is a high demand for specialty finishes such as anodic imitation special effects, metallic effects, and smooth low glow gloss finishes. Hence, the demand for powder coating is high in the architecture sector.
Acrylic resin segment accounted for the largest share of the decorative paints & coatings market
The acrylic segment accounted for the largest share in 2018. The weathering and oxidation resistance of acrylics is better than oil-based paints, alkyds, or epoxies as the chief components of acrylic polymers provide a polymer structure that has little tendency to absorb UV light. Moreover, acrylics possess good color and gloss retention. They are well known for their durability as they protect the underlying substrate from degradation caused by exposure to rain, snow, wind, and UV light.
APAC is the largest decorative paints & coatings market
APAC is projected to be the fastest-growing market during the forecast period. The decorative paints & coatings market in APAC is also estimated to account for the largest share in 2018. The APAC decorative paints & coatings market is driven by the growing population and economic growth. The region has witnessed economic growth over the last decade. According to the United Nations Population Fund, APAC accounts for 60% of the worlds population, which is 4.3 billion people. This is projected to become an increasingly important driver of the global construction industry over the next two decades. Both the residential and non-residential sectors in China and India are expected to develop during the forecast period, which in turn, will drive the demand for decorative paints and coatings from this region.
Key Market Players
PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan) are the major players in the decorative paints & coatings market. Some of the other players operating in the market include BASF SE (Germany), Masco Corporation (US), Jotun Group (Norway), and RPM International Inc. (US).
Sherwin-Williams (US) is a diversified paints and coatings company. It is a global leader in the manufacturing, development, distribution, and sale of decorative paints and coatings and related products to professional, industrial, commercial, and retail customers. It has a strong customer base and operates in several countries of Europe, North America, and APAC.
Scope of the report
|
Report Metric |
Details |
|
Years considered for the study |
20172024 |
|
Base year |
2018 |
|
Forecast period |
20192024 |
|
Units considered |
Value (USD million) and Volume (Kiloton) |
|
Segments |
Resin Type, Technology, User Type, Product Type, Coating Type, Application, and Region |
|
Regions |
North America, Europe, APAC, South America, Middle East & Africa |
|
Companies |
PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan). Some of the other players operating in the global market include BASF SE (Germany), Masco Corporation (US), Jotun Group (Norway), and RPM International Inc. (US). |
This research report categorizes the decorative paints & coatings market based on Resin Type, Technology, Coating Type, User Type, Product Type, Application, and Region.
On the basis of Resin Type, the decorative paints & coatings market has been segmented as follows:
- Acrylic
- Alkyd
- Vinyl
- Polyurethane
- Others (Epoxy, Unsaturated Polyester Resin, Saturated Polyester Resin)
On the basis of Technology, the decorative paints & coatings market has been segmented as follows:
- Waterborne
- Solventborne
- Powder Coating
On the basis of Coating Type, the decorative paints & coatings market has been segmented as follows:
- Interior
- Exterior
- Others (Flooring, Roofing, Wood)
On the basis of User Type, the decorative paints & coatings market has been segmented as follows:
- DIY
- Professional
On the basis of Product Type, the decorative paints & coatings market has been segmented as follows:
- Emulsions
- Wood Coatings (Varnishes, Stains)
- Enamels
- Others (Primers, Lusters)
On the basis of Application, the decorative paints & coatings market has been segmented as follows:
- Residential
- New construction
- Remodel and Repair
- Non-Residential
Critical questions the report answers:
- Where will all these developments take the industry in the mid-to-long term?
- What are the upcoming applications of decorative paints and coatings?
- Which segment has the potential to register the highest market share?
- What is the current competitive landscape in the decorative paints & coatings market in terms of new technologies, production, and sales?
- What will be the future of decorative paints and coatings?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities in the Decorative Paints & Coatings Market
4.2 Decorative Paints & Coatings Market Growth, By Resin Type
4.3 APAC Decorative Paints & Coatings Market, By Technology and Country
4.4 Decorative Paints & Coatings Market, By Country
4.5 Decorative Paints & Coatings Market: Developed vs Developing Countries
4.6 Decorative Paints & Coatings Market: Significant Growth in Demand From APAC Witnessed
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of the Construction Industry
5.2.1.2 Environmentally-Friendly Coating Systems
5.2.1.3 Durable Coatings With Better Performance and Aesthetics
5.2.2 Opportunities
5.2.2.1 Opportunities in Less Regulated Regions
5.2.2.2 Investments in Emerging Markets
5.2.3 Challenges
5.2.3.1 Stringent and Time-Consuming Regulatory Policies
5.2.3.2 Volatility in Prices of Titanium Dioxide
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macro Indicator Analysis
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Trends and Forecast of Global Construction Industry
6 Decorative Paints & Coatings Market, By Resin Type (Page No. - 46)
6.1 Introduction
6.2 Acrylic Resin
6.2.1 Acrylic Resins Segment to Witness Highest Growth
6.3 Alkyd Resin
6.3.1 APAC is Largest and Fastest-Growing Market for Alkyd Resin Segment
6.4 Vinyl Resin
6.4.1 Vinyl Copolymer Used in Air-Drying Coatings for Its Excellent Toughness and Good Resistance to Water and Chemicals
6.5 Polyurethane Resin
6.5.1 Interiors & Furniture is One of the Major End Users of Polyurethane Coatings
6.6 Others
6.6.1 Epoxy Resin
6.6.2 Unsaturated Polyester Resin
6.6.3 Saturated Polyester Resin
7 Decorative Paints & Coatings Market, By Technology (Page No. - 56)
7.1 Introduction
7.2 Waterborne Coatings
7.2.1 Increasing Residential Construction and Home Remodeling Practices to Drive the Market in Developing Countries
7.3 Solventborne Coatings
7.3.1 APAC to Register Highest CAGR in Solventborne Decorative Paints & Coatings Market
7.4 Powder Coatings
7.4.1 APAC is Projected to Be Fastest-Growing Market for Powder Coatings
8 Decorative Paints & Coatings Market, By Coating Type (Page No. - 65)
8.1 Introduction
8.2 Interior
8.3 Exterior
8.4 Others
8.4.1 Flooring
8.4.2 Roofing
8.4.3 Wood
9 Decorative Paints & Coatings Market, By User Type (Page No. - 69)
9.1 Introduction
9.2 Diy
9.2.1 Cost Constraints and Creative Control Influencing Homeowners to Opt for Diy Painting
9.3 Professional
9.3.1 Increasing Spending Power of Consumers Supporting Growth of Market in This Segment
10 Decorative Paints & Coatings Market, By Product Type (Page No. - 73)
10.1 Introduction
10.2 Emulsions
10.3 Wood Coatings
10.3.1 Varnishes
10.3.2 Stains
10.4 Enamels
10.5 Others
11 Decorative Paints & Coatings Market, By Application (Page No. - 76)
11.1 Introduction
11.2 Residential
11.2.1 New Construction
11.2.2 Remodel and Repaint
11.3 Non-Residential
11.3.1 Commercial
11.3.2 Industrial
11.3.3 Infrastructure
12 Decorative Paints & Coatings Market, By Region (Page No. - 83)
12.1 Introduction
12.2 APAC
12.2.1 China
12.2.1.1 Foreign Investment to Drive the Decorative Paints & Coatings Market
12.2.2 India
12.2.2.1 Boom in Real Estate Industry to Drive the Decorative Paints & Coatings Market
12.2.3 Japan
12.2.3.1 Investments in Commercial and Reconstruction of Buildings By the Government Expected to Boost the Demand
12.2.4 Australia & New Zealand
12.2.4.1 Increased Activities in Residential Construction and Renovation Sectors Driving the Market
12.2.5 Indonesia
12.2.5.1 Availability of Cheap Raw Materials and Labor
12.2.6 Thailand
12.2.6.1 Increasing Customer Awareness About Aesthetics and Functionalities of Decorative Coating Products
12.2.7 Malaysia
12.2.7.1 Strong Construction Activities to Drive the Decorative Paints & Coatings Market
12.2.8 Rest of APAC
12.3 North America
12.3.1 US
12.3.1.1 Increasing Residential and Non-Residential Constructions to Boost the Decorative Paints & Coatings Market
12.3.2 Canada
12.3.2.1 Residential Construction to Be Major Contributor to Growth of Decorative Paints & Coatings Market
12.3.3 Mexico
12.3.3.1 New Construction in Residential Segment to Drive the Decorative Paints & Coatings Market
12.4 Europe
12.4.1 Germany
12.4.1.1 Implementation of Stringent Environmental Regulations Increasing Production of Decorative Paints and Coatings
12.4.2 Russia
12.4.2.1 Growing Population Leading to Rise in Applications of Decorative Paints and Coatings
12.4.3 UK
12.4.3.1 Growing Construction Sector Will Boost the Demand for Decorative Paints and Coatings
12.4.4 France
12.4.4.1 Development of Affordable Houses and Renewable Energy Infrastructure to Drive Demand for Decorative Paints and Coatings
12.4.5 Italy
12.4.5.1 New Project Finance Rules and Investment Policies in Construction Sector to Support the Market Growth
12.4.6 Spain
12.4.6.1 Government Investments in Infrastructure, Housing Units, and Other Infrastructures to Boost the Market
12.4.7 Turkey
12.4.7.1 Rapid Urbanization, Rising Middle-Class Population, Increasing Purchasing Power to Drive Demand for Decorative Paints and Coatings
12.4.8 Rest of Europe
12.5 Middle East & Africa
12.5.1 Saudi Arabia
12.5.1.1 Mega Housing Projects Expected to Boost the Demand for Decorative Paints and Coatings
12.5.2 South Africa
12.5.2.1 Substantial Demand for Decorative Paints and Coatings Witnessed in Building Projects
12.5.3 Rest of Middle East & Africa
12.6 South America
12.6.1 Brazil
12.6.1.1 Rising Home Ownership and Living Standards and Easier Credit Availability Expected to Fuel the Demand
12.6.2 Argentina
12.6.2.1 Increase in Population and Improved Economic Conditions Expected to Increase Demand for Decorative Paints and Coatings
12.6.3 Rest of South America
13 Competitive Landscape (Page No. - 115)
13.1 Overview
13.2 Competitive Leadership Mapping, 2018
13.2.1 Dynamic Differentiators
13.2.2 Innovators
13.2.3 Visionary Leaders
13.2.4 Emerging Companies
13.3 Strength of Product Portfolio
13.4 Business Strategy Excellence
13.5 Market Ranking of Key Players
13.6 Market Share Analysis
13.7 Competitive Situation & Trends
13.7.1 Investments & Expansions
13.7.2 Mergers & Acquisitions
13.7.3 New Product Launches
13.7.4 Partnerships & Agreements
14 Company Profiles (Page No. - 126)
14.1 The Sherwin-Williams Company
(Business Overview, Products Offered, Recent Developments, SWOT Analysis and MnM View)*
14.2 PPG Industries, Inc.
14.3 Akzo Nobel N.V.
14.4 BASF SE
14.5 Asian Paints Limited
14.6 Kansai Paint Co., LTD.
14.7 Nippon Paint Holdings Co., LTD.
14.8 Masco Corporation
14.9 Jotun Group
14.10 RPM International Inc.
14.11 Other Companies
14.11.1 Hempel A/S
14.11.2 Tikkurila Oyj
14.11.3 Daw Se
14.11.4 Cromology (Formerly Materis Paints)
14.11.5 Duluxgroup LTD.
14.11.6 Diamond-Vogel Paint Company
14.11.7 Benjamin Moore & Co.
14.11.8 Kelly-Moore Paints
14.11.9 Brillux GmbH & Co. Kg
14.11.10 Berger Paints India Limited
14.11.11 Carpoly Chemical Group Co., LTD.
14.11.12 Cloverdale Paint Inc.
14.11.13 STO Corp.
14.11.14 Lanco Paints
14.11.15 Pintuco
14.11.16 Guangdong Maydos Building Materials Co., LTD.
14.11.17 H-I-S Coatings and Paint Manufacturing Co.
14.11.18 Fujikura Kasei Co., LTD.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis and MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Appendix (Page No. - 173)
15.1 Discussion Guide
15.2 Knowledge Store: Marketsandmarkets Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details
List of Tables (103 Tables)
Table 1 Research Assumptions
Table 2 Decorative Paints & Coatings Market Snapshot, 2019 vs 2024
Table 3 Major Players Profiled in This Report
Table 4 GDP Percentage of Key Countries, 20192024
Table 5 Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 6 Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 7 Properties and Applications of Acrylic Decorative Paints & Coatings
Table 8 Acrylic Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 9 Acrylic Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 10 Properties and Applications of Acrylic Resins
Table 11 Alkyd Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 12 Alkyd Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 13 Properties and Applications of Vinyl Resins
Table 14 Vinyl Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 15 Vinyl Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 16 Properties and Applications of Polyurethane Resins
Table 17 Polyurethane Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 18 Polyurethane Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 19 Other Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 20 Other Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 21 Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 22 Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 23 Waterborne: Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 24 Waterborne: Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 25 Solventborne: Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 26 Solventborne: Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 27 Powder Coatings: Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 28 Powder Coatings: Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 29 Decorative Paints & Coatings Market Size, By Coating Type, 20172024 (USD Million)
Table 30 Decorative Paints & Coatings Market Size, By Coating Type, 20172024 (Kiloton)
Table 31 Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 32 Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 33 Diy Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 34 Diy Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 35 Professional Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 36 Professional Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 37 Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 38 Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 39 Decorative Paints & Coatings Market Size in Residential, By Region, 20172024 (USD Million)
Table 40 Decorative Paints & Coatings Market Size in Residential, By Region, 20172024 (Kiloton)
Table 41 Decorative Paints & Coatings Market Size in Residential (New Construction), By Region, 20172024 (USD Million)
Table 42 Decorative Paints & Coatings Market Size in Residential (New Construction), By Region, 20172024 (Kiloton)
Table 43 Decorative Paints & Coatings Market Size in Residential (Remodel and Repaint), By Region, 20172024 (USD Million)
Table 44 Decorative Paints & Coatings Market Size in Residential (Remodel and Repaint), By Region, 20172024 (Kiloton)
Table 45 Decorative Paints & Coatings Market Size in Non-Residential, By Region, 20172024 (USD Million)
Table 46 Decorative Paints & Coatings Market Size in Non-Residential, By Region, 20172024 (Kiloton)
Table 47 Decorative Paints & Coatings Market Size, By Region, 20172024 (USD Million)
Table 48 Decorative Paints & Coatings Market Size, By Region, 20172024 (Kiloton)
Table 49 APAC: Decorative Paints & Coatings Market Size, By Country, 20172024 (USD Million)
Table 50 APAC: Decorative Paints & Coatings Market Size, By Country, 20172024 (Kiloton)
Table 51 APAC: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 52 APAC: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 53 APAC: Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 54 APAC: Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 55 APAC: Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 56 APAC: Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 57 APAC: Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 58 APAC: Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 59 North America: Decorative Paints & Coatings Market Size, By Country, 20172024 (USD Million)
Table 60 North America: Decorative Paints & Coatings Market Size, By Country, 20172024 (Kiloton)
Table 61 North America: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 62 North America: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 63 North America: Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 64 North America: Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 65 North America: Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 66 North America: Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 67 North America: Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 68 North America: Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 69 Infrastructure Projects in Europe
Table 70 Europe: Decorative Paints & Coatings Market Size, By Country, 20172024 (USD Million)
Table 71 Europe: Decorative Paints & Coatings Market Size, By Country, 20172024 (Kiloton)
Table 72 Europe: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 73 Europe: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 74 Europe: Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 75 Europe: Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 76 Europe: Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 77 Europe: Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 78 Europe: Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 79 Europe: Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 80 Middle East & Africa: Decorative Paints & Coatings Market Size, By Country, 20172024 (USD Million)
Table 81 Middle East & Africa: Decorative Paints & Coatings Market Size, By Country, 20172024 (Kiloton)
Table 82 Middle East & Africa: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 83 Middle East & Africa: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 84 Middle East & Africa: Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 85 Middle East & Africa: Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 86 Middle East & Africa: Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 87 Middle East & Africa: Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 88 Middle East & Africa: Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 89 Middle East & Africa: Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 90 South America: Decorative Paints & Coatings Market Size, By Country, 20172024 (USD Million)
Table 91 South America: Decorative Paints & Coatings Market Size, By Country, 20172024 (Kiloton)
Table 92 South America: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (USD Million)
Table 93 South America: Decorative Paints & Coatings Market Size, By Resin Type, 20172024 (Kiloton)
Table 94 South America: Decorative Paints & Coatings Market Size, By Technology, 20172024 (USD Million)
Table 95 South America: Decorative Paints & Coatings Market Size, By Technology, 20172024 (Kiloton)
Table 96 South America: Decorative Paints & Coatings Market Size, By Application, 20172024 (USD Million)
Table 97 South America: Decorative Paints & Coatings Market Size, By Application, 20172024 (Kiloton)
Table 98 South America: Decorative Paints & Coatings Market Size, By User Type, 20172024 (USD Million)
Table 99 South America: Decorative Paints & Coatings Market Size, By User Type, 20172024 (Kiloton)
Table 100 Investments & Expansions, 20142019
Table 101 Mergers & Acquisitions, 20152019
Table 102 New Product Launches, 20152019
Table 103 Partnerships & Agreements, 2018
List of Figures (47 Figures)
Figure 1 Decorative Paints & Coatings Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Decorative Paints & Coatings Market: Data Triangulation
Figure 5 Acrylic Resin Segment Accounted for the Largest Share of the Overall Decorative Paints & Coatings Market in 2018
Figure 6 Waterborne Technology Dominated Overall Decorative Paints & Coatings Market in 2018
Figure 7 Residential Segment Was the Largest Application of Decorative Paints & Coatings in 2018
Figure 8 APAC Accounted for the Largest Market Share in 2018
Figure 9 Decorative Paints & Coatings Market to Witness Moderate Growth (20192024)
Figure 10 Acrylic to Be the Fastest-Growing Segment Between 2019 and 2024
Figure 11 Waterborne Coatings Segment Accounted for Largest Share of the Market in APAC (2018)
Figure 12 India Emerging as Lucrative Market for Decorative Paints & Coatings
Figure 13 Developing Markets to Grow Faster Than Developed Markets
Figure 14 China to Account for the Largest Market Share
Figure 15 Drivers, Opportunities, and Challenges in the Decorative Paints & Coatings Market
Figure 16 Porters Five Forces Analysis: Decorative Paints & Coatings Market
Figure 17 Global Spending in Construction Industry, 20172025
Figure 18 Acrylic Resins Accounted for the Largest Market Share (Value) in 2018
Figure 19 Waterborne Coatings Segment Accounted for the Largest Share of the Market in 2018 (Value)
Figure 20 Types of Waterborne Coatings
Figure 21 Drivers and Restraints: Waterborne Coatings
Figure 22 Types of Powder Coatings
Figure 23 Drivers and Restraints: Powder Coatings
Figure 24 Interior Segment Accounted for Largest Share (Value) of the Overall Decorative Paints & Coatings Market in 2018
Figure 25 Professional Segment Accounted for Larger Share (Value) of the Decorative Paints & Coatings Market in 2018
Figure 26 Residential Segment Dominated Overall Decorative Paints & Coatings Market in 2018 (Value)
Figure 27 India to Register the Highest CAGR Between 2019 and 2024
Figure 28 APAC: Decorative Paints & Coatings Market Snapshot
Figure 29 North America: Decorative Paints & Coatings Market Snapshot
Figure 30 Europe: Decorative Paints & Coatings Market Snapshot
Figure 31 Companies Adopted Merger & Acquisition as the Key Strategy Between 2014 and 2019
Figure 32 Decorative Paints & Coatings Market: Competitive Leadership Mapping, 2018
Figure 33 The Sherwin-Williams Company: Company Snapshot
Figure 34 The Sherwin-Williams Company: SWOT Analysis
Figure 35 PPG Industries, Inc.: Company Snapshot
Figure 36 PPG Industries, Inc.: SWOT Analysis
Figure 37 Akzo Nobel N.V.: Company Snapshot
Figure 38 Akzo Nobel N.V.: SWOT Analysis
Figure 39 BASF SE: Company Snapshot
Figure 40 BASF SE: SWOT Analysis
Figure 41 Asian Paints Limited: Company Snapshot
Figure 42 Asian Paints Limited: SWOT Analysis
Figure 43 Kansai Paint Co., LTD.: Company Snapshot
Figure 44 Nippon Paint Holdings Co., LTD.: Company Snapshot
Figure 45 Masco Corporation: Company Snapshot
Figure 46 Jotun Group: Company Snapshot
Figure 47 RPM International Inc.: Company Snapshot
The study has involved four major activities in estimating the current market size of decorative paints & coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; food safety organizations; regulatory bodies; trade directories; and databases.
Primary Research
The decorative paints & coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of end-use industries, such as residential and non-residential. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the decorative paints & coatings market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To analyze and forecast the decorative paints & coatings market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market on the basis of resin type, technology, user type, product type, coating type, and application
- To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America
- To estimate and forecast the decorative paints & coatings market at the country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
- To analyze the competitive developments such as new product launch, investment & expansion, merger & acquisition, and partnership & agreement in the decorative paints & coatings market
- To strategically identify and profile the key market players and analyze their core competencies1
Note: Core competencies1 of the companies are determined in terms of their key developments and key strategies to sustain in the market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the decorative paints & coatings market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Decorative Coatings Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Decorative Coatings Market