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The decorative coatings market covers the following areas:
The decorative coatings market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The report identifies growing demand from emerging economies as one of the major factors driving the growth of the market. However, the factors such as stringent regulations on the use of coatings may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The decorative coatings market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
The Decorative Coatings Market is segmented by Technology (waterborne coatings, solvent-borne coatings, and powder coatings) and Geography (APAC, North America, Europe, South America, and MEA). The decorative coatings market share growth by the waterborne coatings segment will be significant for revenue generation. The major advantages of waterborne coatings are low toxicity, cost-effectiveness, and excellent surface properties such as anti-sealing effects, high gloss, and rub resistance. The growth of the market is influenced by the rising investments in the construction sector and the growth in the demand for design services. Also, advancements in the level of building design, along with regulations and policies, increase the demand for highly technical design development. Such factors will influence the sales of waterborne decorative coatings during the forecast period.
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the decorative coatings market size and actionable market insights on each segment. It also presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The decorative coatings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Akzo Nobel NV
- Asian Paints Ltd.
- BASF SE
- Hempel AS
- Jotun AS
- Kansai Paint Co. Ltd.
- Masco Corp.
- PPG Industries Inc.
- RPM International Inc.
- The Sherwin-Williams Co.
The decorative coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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Decorative Coatings Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.04% |
Market growth 2022-2026 |
USD 19.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.00 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 51% |
Key consumer countries |
US, China, Germany, Japan, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Akzo Nobel NV, Asian Paints Ltd., BASF SE, Hempel AS, Jotun AS, Kansai Paint Co. Ltd., Masco Corp., PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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