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Decorative Coatings Market by Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin), Technology (Powder Coatings, Solventborne Coatings, Waterborne Coatings), Coating Type, Product Type, User Type, Application - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 199 Pages
SKU # IRE18442603

Description

Decorative Coatings Market by Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin), Technology (Powder Coatings, Solventborne Coatings, Waterborne Coatings), Coating Type, Product Type, User Type, Application - Global Forecast 2024-2030


The Decorative Coatings Market size was estimated at USD 80.88 billion in 2023 and expected to reach USD 86.21 billion in 2024, at a CAGR 6.85% to reach USD 128.62 billion by 2030.

Decorative coatings are a crucial building component as they improve a structure's visual appeal while protecting it from environmental hazards, including moisture, UV radiation, and weathering. Decorative coatings offer several benefits, such as insulation, light absorption, reflection, and anti-skid properties to protect the walls from harsh external environments such as UV radiations, moisture, microorganisms, and temperature. The utilization of decorative coatings is increasing in remodeling and construction activities in the automotive and electronics industry due to their cost-effectiveness and availability in various colors and types. However, volatility in the prices of raw materials, performance issues, and environmental effects of solvent-borne coatings hamper the application of decorative coatings. In addition, decorative coatings are continually changing due to technological advancements in manufacturing, shifting customer preferences to eco-friendly and waterborne decorative coatings, which is expected to increase its adoption by the end-use sectors.

Regional Insights

The decorative coating market is evolving in the Americas due to the rise in construction and remolding activities in the region. The utilization of decorative coatings is increasing across the APAC and EMEA regions due to increased commercial and residential infrastructure projects. Governments worldwide are heavily investing in the construction sector to support infrastructural development. For instance, in January 2022, the Government of the UAE approved the general budget with a total expenditure of USD 49 billion, of which the government allocated USD 1.42 billion for construction projects. This general budget included the citizens' housing sector with the provision of housing loans and allocated more than 4,000 plots and houses valued at USD 1.42 billion to UAE residents. The surge in investments and rapid expansion of the building & construction sector is raising the need for efficient construction materials, such as polyurethane adhesives, to improve building aesthetics.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Decorative Coatings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Decorative Coatings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Decorative Coatings Market, highlighting leading vendors and their innovative profiles. These include Aexcel Corporation, Akzo Nobel N.V., Angel Coating, Anochrome Group, Arosun Paints & Coating, Asian Paints Limited, Axalta Coating Systems, Barpimo S.A., BASF SE, Benjamin Moore & Co., Berger Paints India Limited, Brillux GmbH & Co. KG, Cabot Corporation, Cloverdale Paint Inc., Colormaker Industries, Covestro AG, Crest Coating, Inc., DAW SE, Deco-Chem, Inc., Diamond Vogel, Inc., DuluxGroup Ltd., Eastman Chemical Company, Evonik Industries AG, FlameOFF Inc., Fujikura Kasei Co., Ltd., GREBE Holding GmbH, Hempel A/S, Kansai Paint Co., Ltd., Masco Corporation, Nippon Paint Holdings Co., Ltd., Oasis Paints, Paint Industries Pty Ltd, Plas-Tech Coatings, Inc., PPG Industries, Inc., Prabhat Paint Industries, Quadro Coatings Inc., RayPaul Coating, Inc., Richter Precision, Inc., RPM International Inc., San Marco Group S.p.A., Sherwin-Williams Company, Sigma Paints, Sinoarc PVD tech. INC., Starshield Technologies Private Limited, Sto Corp., Surface Modification Technologies, TarangDecor, Topciment, Valpaint S.p.A., and ​​Jotun A/S.

Market Segmentation & Coverage

This research report categorizes the Decorative Coatings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
Acrylic Resin

Alkyd Resin

Polyurethane Resin

Vinyl Resin
Technology
Powder Coatings

Solventborne Coatings

Waterborne Coatings
Coating Type
Exterior

Interior
Product Type
Emulsions

Enamels

Wood Coatings
Stains
Varnishes
User Type
DIY

Professional
Application
Non-Residential
Commercial
Industrial
Infrastructure

Residential
New Construction
Remodel & Repaint
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Decorative Coatings Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Decorative Coatings Market?
3. What are the technology trends and regulatory frameworks in the Decorative Coatings Market?
4. What is the market share of the leading vendors in the Decorative Coatings Market?
5. Which modes and strategic moves are suitable for entering the Decorative Coatings Market?PDF E-mail From Publisher (2-5)Users License

Table of Contents

199 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Decorative Coatings Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising number of renovation and remodeling activities in the residential sector
5.1.1.2. Growing demand from the automotive and electronics industry to enhance durability and performance in extreme weather
5.1.1.3. Escalating demand for eco-friendly and waterborne decorative coatings
5.1.2. Restraints
5.1.2.1. Price volatility of raw materials used in decorative coating manufacturing
5.1.3. Opportunities
5.1.3.1. Recent advancements and launch of improved decorative coatings
5.1.3.2. Increase in R&D activities and rapid expansion of production facilities
5.1.4. Challenges
5.1.4.1. Performance issues and environment effects of solvent-borne coatings
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Decorative Coatings Market, by Resin Type
6.1. Introduction
6.2. Acrylic Resin
6.3. Alkyd Resin
6.4. Polyurethane Resin
6.5. Vinyl Resin
7. Decorative Coatings Market, by Technology
7.1. Introduction
7.2. Powder Coatings
7.3. Solventborne Coatings
7.4. Waterborne Coatings
8. Decorative Coatings Market, by Coating Type
8.1. Introduction
8.2. Exterior
8.3. Interior
9. Decorative Coatings Market, by Product Type
9.1. Introduction
9.2. Emulsions
9.3. Enamels
9.4. Wood Coatings
9.5.1. Stains
9.5.2. Varnishes
10. Decorative Coatings Market, by User Type
10.1. Introduction
10.2. DIY
10.3. Professional
11. Decorative Coatings Market, by Application
11.1. Introduction
11.2. Non-Residential
11.3.1. Commercial
11.3.2. Industrial
11.3.3. Infrastructure
11.3. Residential
11.4.1. New Construction
11.4.2. Remodel & Repaint
12. Americas Decorative Coatings Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Decorative Coatings Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Decorative Coatings Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
15.3.1. Merger & Acquisition
15.3.1.1. Asian Paints New Acquisition To Expand Home Decor Biz
15.3.1.2. Kansai Helios Completed Its Acquisition of CWS
15.3.1.3. JK Cement Enters Paint Segment, Acquires 60% Stake In Acro Paints In Rs 153-Crore Deal
15.3.1.4. Sherwin-Williams to Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.p.A.
15.3.1.5. AkzoNobel Completes Grupo Orbis Acquisition To Boost Investment In Growth In Latin America
15.3.2. Agreement, Collaboration, & Partnership
15.3.2.1. Hartley Italia and ICRO Coatings Announce Strategic Partnership
15.3.2.2. Aparna Unispace Partners With Jotun Paints For An Expanded Product Portfolio
15.3.3. Award, Recognition, & Expansion
15.3.3.1. Berger Paints Scouts Land In Odisha For New Manufacturing Plant
15.3.3.2. Evonik Increases Additive Capacities for Architectural Paints
15.3.3.3. Evonik Increases Additive Capacities For Architectural Paints
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. Aexcel Corporation
16.1.2. Akzo Nobel N.V.
16.1.3. Angel Coating
16.1.4. Anochrome Group
16.1.5. Arosun Paints & Coating
16.1.6. Asian Paints Limited
16.1.7. Axalta Coating Systems
16.1.8. Barpimo S.A.
16.1.9. BASF SE
16.1.10. Benjamin Moore & Co.
16.1.11. Berger Paints India Limited
16.1.12. Brillux GmbH & Co. KG
16.1.13. Cabot Corporation
16.1.14. Cloverdale Paint Inc.
16.1.15. Colormaker Industries
16.1.16. Covestro AG
16.1.17. Crest Coating, Inc.
16.1.18. DAW SE
16.1.19. Deco-Chem, Inc.
16.1.20. Diamond Vogel, Inc.
16.1.21. DuluxGroup Ltd.
16.1.22. Eastman Chemical Company
16.1.23. Evonik Industries AG
16.1.24. FlameOFF Inc.
16.1.25. Fujikura Kasei Co., Ltd.
16.1.26. GREBE Holding GmbH
16.1.27. Hempel A/S
16.1.28. Kansai Paint Co., Ltd.
16.1.29. Masco Corporation
16.1.30. Nippon Paint Holdings Co., Ltd.
16.1.31. Oasis Paints
16.1.32. Paint Industries Pty Ltd
16.1.33. Plas-Tech Coatings, Inc.
16.1.34. PPG Industries, Inc.
16.1.35. Prabhat Paint Industries
16.1.36. Quadro Coatings Inc.
16.1.37. RayPaul Coating, Inc.
16.1.38. Richter Precision, Inc.
16.1.39. RPM International Inc.
16.1.40. San Marco Group S.p.A.
16.1.41. Sherwin-Williams Company
16.1.42. Sigma Paints
16.1.43. Sinoarc PVD tech. INC.
16.1.44. Starshield Technologies Private Limited
16.1.45. Sto Corp.
16.1.46. Surface Modification Technologies
16.1.47. TarangDecor
16.1.48. Topciment
16.1.49. Valpaint S.p.A.
16.1.50. ​​Jotun A/S
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
FIGURE 1. DECORATIVE COATINGS MARKET RESEARCH PROCESS
FIGURE 2. DECORATIVE COATINGS MARKET SIZE, 2023 VS 2030
FIGURE 3. DECORATIVE COATINGS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. DECORATIVE COATINGS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. DECORATIVE COATINGS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. DECORATIVE COATINGS MARKET DYNAMICS
FIGURE 7. DECORATIVE COATINGS MARKET SIZE, BY RESIN TYPE, 2023 VS 2030 (%)
FIGURE 8. DECORATIVE COATINGS MARKET SIZE, BY RESIN TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. DECORATIVE COATINGS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. DECORATIVE COATINGS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. DECORATIVE COATINGS MARKET SIZE, BY COATING TYPE, 2023 VS 2030 (%)
FIGURE 12. DECORATIVE COATINGS MARKET SIZE, BY COATING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. DECORATIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 14. DECORATIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. DECORATIVE COATINGS MARKET SIZE, BY USER TYPE, 2023 VS 2030 (%)
FIGURE 16. DECORATIVE COATINGS MARKET SIZE, BY USER TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. DECORATIVE COATINGS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 18. DECORATIVE COATINGS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. AMERICAS DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. AMERICAS DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. UNITED STATES DECORATIVE COATINGS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 22. UNITED STATES DECORATIVE COATINGS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ASIA-PACIFIC DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. ASIA-PACIFIC DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. EUROPE, MIDDLE EAST & AFRICA DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. EUROPE, MIDDLE EAST & AFRICA DECORATIVE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. DECORATIVE COATINGS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 28. DECORATIVE COATINGS MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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