Global Decorative Paints Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Decorative Paints Market 2021 (Includes Business Impact of COVID-19)
Global Decorative Paints Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global decorative paints market report has been segmented on the basis of resin type, product type, technology, application, and region.
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The global Decorative Paints market size was valued at USD $103.00 billion in 2020 and is projected to reach USD $199.10 billion by 2030, and is anticipated to expand at a CAGR of 6.54% over the forecast period from 2020 to 2030.


Global Decorative Paints Market: Overview


Decorative paints play a vital role in infrastructure and architecture sector in order to embellish both exterior as well as interior of a building. The decorative paints offer matte finish, gloss and semi-gloss finish, eggshell and satin finish, etc. In addition, these paints offer various functions depending upon climatic conditions such as light absorption, insulation, reflection, and anti-skid. It is widely used in both residential and non-residential constructions.


Global Decorative Paints Market: Dynamics


Rising demand for decorative paint in decorating exterior and interior of residential and commercial buildings, coupled with growing construction industry, are major factors expected to drive growth of the decorative paints market in the years to come. In addition, increasing demand for these paints owing to growing awareness for eco-friendly, durability, and other aesthetic properties, is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing preference of decorative paints in renovation activities and demand for paints that control temperature and heat transfer in specific regions owing to varied climatic conditions across the globe, are among some factors estimated to drive growth of the potential market over the forecast period.

However, stringent government regulations pertaining to environmental concern and high prices of raw materials are among the factors which may hamper demand for decorative paints and restrain growth of the target market over the forecast period.

Increasing development of new and cost-effective decorative paints and high demand of these paints in emerging markets and untapped regions are factors expected to create lucrative revenue opportunities for players operating in the target market.


Global Decorative Paints Market: Segment Analysis


Among resin type segments, the acrylic segment is expected to account for highest revenue share contribution in the target market in the next 10 years, owing to their unique appealing properties.

Among product type segments, the emulsions segment is projected to register significant revenue share in the target market. This is due to easy to use and high quality finishing.

Among technology segments, the water-borne segment is projected to account for major revenue share in the potential market in the years to come, owing to it superior qualities such as abrasion resistant and environmental friendly nature.

Among application segments, the residential construction segment is expected to register highest growth in terms of revenue and projected to grow at a rapid rate in the potential market in the years to come. This is due to increasing investments and government initiatives for construction activities in developed and developing countries.


Global Decorative Paints Market: Region Analysis


The market in Asia Pacific is estimated to account for significant revenue share contribution, and expected to dominate in the global decorative paints market. This dominance can be attributed to rapid urbanization, coupled with increasing spending capacity and growing construction activities, government initiative and projects for various infrastructure in countries such as China and India. The Asia Pacific market is projected to grow at a rapid rate in the next 10 years. The Europe decorative paints market is projected to register moderate revenue growth in the target market, followed by North America. This is due to rapid industrialization and presence of prominent players in the region.


Below are the active patents related to Decorative Paints Market.


Patent Number: CN104177942B

Variable color indoor decorative paint and preparation method

Abstract

The present invention relates to a kind of variable color indoor decorative paint, it includes that following weight forms:

Application filed Date: 2014-08-13

Application granted Date: 2016-11-30

Current Assignee: Ningbo Doorbell Household Supplies Industry Co Ltd

 

Global Decorative Paints Market Segmentation:

Segmentation on the Basis of Resin Type:

  
Acrylic
  
Alkyd
  
Polyurethane
  
Others (Vinyl Acetate, Epoxy, etc.)

Segmentation on the Basis of Product Type:

  
Emulsions
  
Distempers
  
Wood Coating
  
Enamels
  
Others (Primer, Putty, etc.)

Segmentation on the Basis of Technology:

  
Water-borne
  
Solvent-borne
  
UV-cured
  
Others (Powder-based and Oil-based)

Segmentation on the Basis of Application:

  
Residential Construction
  
Non-residential Construction


Key Market Players included in the report:


  
AkzoNobel Coatings NV
  
Asian Paints Limited
  
BASF SE
  
Color Technologies Group
  
DAW SE
  
DuluxGroup Ltd.
  
ICI Paints
  
Jotun A/S
  
Kansai Paint Co. Ltd.
  
Masco Corporation
  
Nippon Paint Holdings Co.Ltd.
  
PPG Industries Inc.
  
Sherwin-Williams Company
  
The Valspar Corporation