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Global Decorative Paints and Coatings Market 2017-2021

Global Decorative Paints and Coatings Market 2017-2021

About Decorative Paints and Coatings

Paints and coatings are utilized for various functional benefits, such as conduction, light absorption, insulation, anti-skid property, and reflection. Paints and coatings have some definite applications in buildings, cars, household appliances, ships, airplanes, microchips, and computers. The key components of paints include resins, solvents, pigments, and additives.

Technavio’s analysts forecast the global decorative paints and coating market to grow at a CAGR of 5.53% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global decorative paints and coating market for 2017-2021. To calculate the market size, the report considers the revenue from various applications, technology, resin type.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Decorative Paints and Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AkzoNobel
  • The Sherwin-Williams Company
  • PPG Industries
  • Asian Paints
  • Kansai Paints
Other prominent vendors
  • Arkema
  • BASF
  • Benjamin Moore
  • Berger Paints
  • Cromology
  • Dunn-Edwards
  • NOROO Paint & Coatings
  • Nuplex Industries
  • Ring International
  • Tikkurila
Market driver
  • Increase in construction activities
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in raw material cost
  • For a full, detailed list, view our report
Market trend
  • Growing consumption of nanocoating
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Decorative Paints and Coatings Market 2017-2021

Technavio recognizes the following companies as the key players in the global decorative paints and coating market: AkzoNobel, The Sherwin-Williams Company, PPG Industries, Asian Paints, and Kansai Paints

Other Prominent Vendors in the market are: Arkema, BASF, Benjamin Moore, Berger Paints, Cromology, Dunn-Edwards, NOROO Paint & Coatings, Nuplex Industries, Ring International, and Tikkurila.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing consumption of nanocoating. The usage of materials, such as nanoparticles, in water-based decorative paints and coatings, is a new concept in the market. The use of nanocoating in different industries, such as automotive and construction, helps in minimizing material use, optimizing energy consumption, reducing wastage, and improving the product performance. Nanocoating consists of a water-soluble base, which helps in stabilizing the products, such as automotive parts and wood coatings usages.”

According to the report, one of the major drivers for this market is Increase in construction activities. The construction industry, including residential, commercial, non-residential, and infrastructure construction, is growing, and thereby, leading the decorative paints and coatings market. Some major factors driving the construction industry are urbanization, increasing per capita income, increasing purchasing power, rising standard of living, and renovations. These power the construction industry in flourishing and benefiting the decorative paints and coatings market.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material cost. The fluctuating cost of raw materials used in the manufacture of decorative paints and coatings is a major challenge for the global decorative paints and coatings market. Major resin binders used in the manufacture of decorative paints and coatings are acrylic, epoxy, polyester, and polyurethane, which are petroleum derivatives. Thus, prices of these resins are dependent on prices of crude oil. Hence, fluctuations in prices of crude oil affect the manufacturing of decorative paints and coating.

Companies Mentioned

AkzoNobel, The Sherwin-Williams Company, PPG Industries, Asian Paints, Kansai Paints, Arkema, BASF, Benjamin Moore, Berger Paints, Cromology, Dunn-Edwards, NOROO Paint & Coatings, Nuplex Industries, Ring International, and Tikkurila.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Paints and coatings processing
  • Market landscape
    • Market size and forecast
      • Table Global decorative paints and coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global decorative paints and coatings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by resin type
    • Global decorative paints and coatings market by resin type
      • Table Global decorative paints and coatings market by resin type 2016
      • Table Global decorative paints and coatings market by resin type 2021
    • Global decorative paints and coatings by acrylic resin type
      • Table Global decorative paints and coatings market by acrylic resin type 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by acrylic resin type 2016-2021
    • Global decorative paints and coatings by alkyd resin type
      • Table Global decorative paints and coatings market by alkyd resin type 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by alkyd resin type 2016-2021
    • Global decorative paints and coatings by polyurethane resin type
      • Table Global decorative paints and coatings market by polyurethane resin type 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by polyurethane resin type 2016-2021
    • Global decorative paints and coatings by other resin type
      • Table Global decorative paints and coatings market by other resin type 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by other resin type 2016-2021
  • Market segmentation by technology
    • Global decorative paints and coatings market by technology
      • Table Global decorative paints and coatings market by technology 2016
      • Table Global decorative paints and coatings market by technology 2021
    • Global decorative paints and coatings by water-based
      • Table Global decorative paints and coatings market by water-based technology 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by water-based technology 2016-2021
    • Global decorative paints and coatings by solvent-based
      • Table Global decorative paints and coatings market by solvent-based technology 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market by solvent-based technology 2016 and 2021
  • Market segmentation by application
    • Global decorative paints and coatings market by application
      • Table Global decorative paints and coatings market by application 2016
      • Table Global decorative paints and coatings market by application 2021
    • Global decorative paints and coatings for residential construction
      • Table Global decorative paints and coatings market for residential construction 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market for residential construction 2016-2021
    • Global decorative paints and coatings for nonresidential construction
      • Table Global decorative paints and coatings market for non-residential construction 2016 and 2021 ($ billions)
      • Table Global decorative paints and coatings market for non-residential construction 201-2021
  • Geographical segmentation
    • Global decorative paints and coatings market by geography
      • Table Global decorative paints and coatings market by geography 2016
      • Table Global decorative paints and coatings market by geography 2021
    • Decorative paints and coatings in APAC
      • Table Decorative paints and coatings market in APAC 2016 and 2021 ($ billions)
      • Table Decorative paints and coatings market in APAC 2016-2021
    • Decorative paints and coatings in EMEA
      • Table Decorative paints and coatings market in EMEA 2016 and 2021 ($ billion)
      • Table Global decorative paints and coatings market in EMEA 2016-2021
    • Decorative paints and coatings in Americas
      • Table Decorative paints and coatings market in Americas 2016 and 2021 ($ billions)
      • Table Decorative paints and coatings market in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive Landscape
    • Other prominent vendors
  • Key vendor analysis
    • AkzoNobel
      • Table AkzoNobel: Business segmentation by revenue 2016
      • Table AkzoNobel: Geographical segmentation by revenue 2016
    • The Sherwin-Williams Company
      • Table The Sherwin-Williams Company: Business segmentation by revenue 2016
      • Table The Sherwin-Williams Company: Geographic segmentation by revenue 2016
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016
      • Table PPG Industries: Geographic segmentation by revenue 2016
    • Asian Paints
      • Table Asian Paints: Business segmentation by revenue 2016
      • Table Asian Paints: Geographic segmentation by revenue 2016
    • Kansai Paints
      • Table Kansai Paints: Business segmentation by revenue 2016
      • Table Kansai Paints: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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