According to a new report by Future Market Insights titled “Decorative Paints Market: Global Industry Analysis and Opportunity Assessment, 2016-2026“, the global decorative coatings market is expected to reach a market valuation of USD 42.9 billion by the end of 2016 and register a CAGR of 5.3% during the forecast period 2016-2026. In the report, Future Market Insights analyzes the performance of the global decorative coatings market It highlights the main drivers, constraints and trends likely to affect the market over the ten-year period assessed.
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According to analysts at Future Market Insights, changing consumer demands and rapid development of commercial and residential buildings are expected to boost the growth of the global decorative coatings market during the forecast period. An increasing number of commercial buildings and the construction of skyscrapers are expected to increase the demand for decorative paints in the coming years. Manufacturers produce paints that can be used on many substrates such as cement walls, wood, glass, tiles, composites, etc. with strong physical and chemical properties, providing consumers with the freedom to use paints as per their suitability. This is expected to boost the growth of the global decorative coatings market during the forecast period. However, the risk of product substitution is expected to be a constraint on the global decorative paints market, and the use of powder coatings and nanotechnology-based coatings is expected to pose significant challenges to manufacturers of traditional decorative paints globally.
“The introduction of smart paints for controlling temperature and heat transfer in various geographical and climatic conditions worldwide is emerging as a major trend in the global decorative paints market. Moreover, the need to reduce the dangerous impact of solvent-based paints on the environment worldwide is driving Manufacturers and consumers are turning to water-based paints that emit less Volatile Emission Control (VOC) than solvent-based paints.” – Analyst – Chemicals and Materials, Future Market Insights
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The main part
According to the application
at the price
By sales channel
- North America
- Latin america
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
On the basis of product type, the global decorative paints market is segmented into water-based paints and solvent-based paints; based on compositions in emulsions and vinegar; On the basis of price in the premium range, mid-range, and negative range; On the basis of application at home and abroad; And based on the sales channel of the offline store and the online store.
- On the basis of product type, the water-based paints segment is estimated at 21,014 kilotons in volume by the end of 2016.
- On the basis of formulations, the emulsifiers segment is expected to create an additional opportunity of US$24.10 billion between 2016 and 2026.
- On the basis of price, the premium domain segment is estimated to account for a market value share of 39.7% by the end of 2016
- Depending on the application, the inland segment is estimated to be 18,612 knots in volume by the end of 2016.
- On the basis of sales channel, the offline store segment is expected to register a CAGR of 5.4% during the forecast period
Regional Market Outlook
The global decorative coatings market is divided into seven major regions in
- North America,
- Latin america,
- Western Europe,
- Eastern Europe,
- Asia Pacific excluding Japan,
- Japan, Middle East and Africa.
The APEJ region is expected to dominate the global decorative coatings market in terms of revenue, registering a 5.9% compound annual growth rate (CAGR) over the forecast period.
The Global Decorative Paints Market report presents a glimpse of some of the leading companies operating in the market such as
- Akzo Nobel Nevada,
- Sherwin Williams Company,
- PPG Industries Inc. ,
- asian paints,
- Nipsey Group (Nippon Paints),
- BASF SE,
- valspar company,
- Berger Paints India Limited,
- Kansai Pigments Co., Ltd.
- RPM International Inc. And
The major players in the market are investing heavily in new manufacturing facilities and collaborating with major international players to increase sales and maintain their strategic position in the global decorative coatings market.
About the Department of Chemicals and Materials at FMI
The Department of Chemicals and Materials at FMI provides outstanding and accurate analysis on the Chemicals and Materials industry. Chemicals and materials market coverage extends from commodities, bulk, specialties and petrochemicals to advanced materials, composites and nanotechnology. The team also places special emphasis on “green alternatives”, recycling and renewable technological developments, and assessing trade between supply and demand. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government agencies to develop – ‘The Way Forward’.