DUBLIN--(BUSINESS WIRE)--The "Decorative Coatings Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global decorative coatings market by revenue is expected to grow at a CAGR of over 5% during 2021-2026.
The introduction of anti-microbial coatings is expected to boost the global decorative paints market growth. These coatings use chemicals to prevent the growth of disease-causing micro-organisms. They provide lasting and effective protection against harmful bacteria, mold, and fungi.
A growing concern for cleanliness in several surroundings has led to the continued growth of the market. Due to the outbreak of the COVID-19 pandemic and the growth of healthcare-associated infections (HAIs), the importance of anti-microbial decorative coating has grown significantly. Hospitals, schools, and food production facilities are experiencing the high application of anti-microbial paints as these places are susceptible to bacterial and microbial growth.
However, the global market suffered a downfall during the COVID-19 crisis as major revenue-contributing end-users such as construction, commercial renovation, infrastructure development, and home improvement activities witnessed a halt, especially during Q1 Q2 2020.
Global Decorative Coatings Market Segmentation
The global decorative coatings market research report includes a detailed segmentation by resin type, formation, product, end-user, surface type, geography. The demand for water-borne acrylic coatings is likely to augment during the forecast period due to their low volatile organic component (VOC) content, high gloss retention, and promising drying times. Acrylic decorative coatings are used in residential and non-residential sectors.
The water-borne decorative coatings market is expected to reach over USD 51 billion by 2026. Stringency on VOC and emission standards regulations have contributed to the market growth. These regulations have increased the demand for water-borne coatings in the APAC region. New VOC regulations for solvent-based coatings in Europe have reduced CO2 emission levels.
There is a shift toward water-based coatings and other environment-friendly systems with low VOC content. APAC dominates the market for water-borne coatings due to increased direct foreign investments and the booming manufacturing sector. The growing middle-class population, rising per capita income, and increasing living standards are further expected to drive the market.
The emulsion-based paint market is the fastest-growing segment and has been on a growth trajectory in the last few years. The demand for emulsion-based paint has been continuously increased due to the substitution of solvent-based systems with water-based ones, which are environment friendly.
Another major trend that has led to the significant demand for the decorative coatings industry is DIY product usage. The use of decorative coatings in the DIY process is prevalent in developed countries such as the US, the UK, and Germany. However, the trend the rapidly expanding to developing countries.
Prominent Vendors
- AkzoNobel
- PPG industries
- Sherwin Williams
- RPM International Inc
- Axalta Coatings System
Other Prominent Vendors
- Arkema
- Asian Paints
- BASF Chemical Company
- Berger Paints Company
- Brillux Gmbh & CO. KG
- Cabot Corporation Chemical Company
- Carpoly Chemical Group
- Clariant AG Chemical Company
- Cromology SAS Company
- DAW SE
- Diamond Vogel Paint Company
- DSM Corporation
- Dulux Group Limited
- Dunn Edwards Paints
- Eastman Chemical Company
- Fujikura Kasei Company Ltd.
- H.B. Fuller
- Hempel Group
- Jotun Chemical Company
- Kansai Paint Company Limited
- KCC Corporation
- Masco Manufacturing Company
- Nippon Paint Holdings Limited
- NOROO Paint & Coatings Company Ltd.
- Nuplex Industries Limited
- Premium Coatings and Chemicals Pvt Ltd.
- Sacal International Group Limited
- SK Kaken Company Limited
- Teknos Group OY
- Tikkurila OYJ
- Tnemec Company Inc.
- Wacker Chemie AG
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Impact Of COVID-19
8 Frequently Asked Questions
8.1 What are the Major Factors Driving the Growth of Decorative Coatings?
8.2 What is the Major Product Type in Decorative Coatings?
8.3 Which Resin Type Is Projected to Grow at The Highest Rate?
8.4 Which is The Dominant Technology Leading the Market?
8.5 Which is The Largest Regional Market for Decorative Coatings?
8.6 Which Are the Major Players Specializing In Decorative Coatings?
8.7 What Is the Biggest Challenge In The Decorative Coating Market?
9 Industry Experts View on Market
10 Market Opportunities & Trends
10.1 Construction and Rapid Urbanization
10.2 Introduction of New Technologies
10.3 Remodelling and Repaint In The Construction Sector
10.4 Introduction of DIY Paint
11 Market Growth Enablers
11.1 Anti-Microbial Coatings
11.2 Alternatives to Decorative Paint
11.3 High Demand from The Manufacturing Sector In Developing Countries
12 Market Restraints
12.1 High Cost of Raw Materials
12.2 Low VOC Content Regulations
13 Supply Chain Analysis
14 Market Landscape
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Five Forces Analysis
15 Resin Type
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Acrylic
15.4 ALKYD
15.5 Vinyl
15.6 Polyurethane
16 Surface Type
16.1 Market Snapshot & Growth Engine
16.2 Interior Coating
16.3 Exterior Coating
17 Technology Type
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Water-Borne
17.4 Solvent-Borne
17.5 Powder-Based
17.6 UV-Cured
18 Product Type
18.1 Market Snapshot & Growth Engine
18.2 Emulsion
18.3 Enamel
18.4 Primers
19 User Type
19.1 Market Snapshot & Growth Engine
19.2 Professional Users
19.3 DIY USERS
20 End-User
20.1 Market Overview
20.2 Market Snapshot & Growth Engine
20.3 Residential
20.4 Market Snapshot & Growth Engine
20.5 Construction of New Houses
20.6 Remodeling And Repainting
20.7 DIY
20.8 Non-Residential
20.9 Market Snapshot & Growth Engine
20.10 Commercial
20.11 Infrastructure
20.12 Industrial
21 Geography
For more information about this report visit https://www.researchandmarkets.com/r/vc6lka
