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Decorative Coatings Market Overview by Regional Analysis with Forecast by 2022

Rising construction spending in light of urbanization, population growth and government infrastructural plan will augment industry growth. Emerging economies in Southeast Asia including Malaysia, Thailand and Singapore are projected to witness a surge owing to increasing commercial establishments including shopping malls and business parks.

Global Decorative Coatings Market is expected to reach USD 106.97 billion by 2022, according to a new report by Grand View Research, Inc.


Waterborne coatings accounted for over 70% of global revenue and are expected to gain share over solventborne owing to its non-requirement of additives, hardeners or thinners resulting in cost advantage. In addition, the U.S. EPA and REACH promotes use of waterborne technology which is expected to stimulate market expansion over the next seven years.

Ongoing product development by various companies to manufacture cost-efficient and high performance coatings is further expected to drive demand over the next seven years. However, fluctuating raw material prices along with adverse environment impact of solventborne coatings is expected to restrict market growth over the next seven years. Introduction of nanocoatings along with green coatings is expected to open new opportunities for growth over the forecast period. Primer is expected to witness rapid gains at an estimated CAGR of 6.3% from 2015 to 2022 as it acts as a leveler and protector for other products

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Commercial applications are expected to witness significant rise, in terms of volume, at a CAGR of 6.0% from 2015 to 2022 on account of rapid industrialization, increasing government infrastructure spending along with increasing FDI in India and China. In addition, 2016 Olympic Games in Rio de Janeiro will augment demand in commercial sector.

Top Players of Decorative Coatings Market:

Key industry players include PPG Industries, BASF, Sherwin-Williams, AkzoNobel, Kansai Paint and Nippon Paint.

Market Segmentation of Decorative Coatings Market:

The Global Decorative Coatings Market segmented on the basis of Product, Technology and Application.

By Product:

    Primer
    Enamel
    Emulsions

By Technology:

    Waterborne Coatings
    Solventborne Coatings

By Application:

    Residential
    Commercial

Inquire about Decorative Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2191
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