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 s...