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Global Decorative Paints and Coatings Market 2017-2021

  • Published: Sep 2017
  • Pages: 81
  • SKU: IRTNTR14748
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This market research study identifies AkzoNobel, The Sherwin-Williams Company, PPG Industries, Asian Paints, and Kansai Paints as the leading players in the global decorative paints and coating market. A comprehensive analysis of this market is also presented by resin type (polyurethane, alkyd, acrylic, and others), by technology (solvent-based and water-based), by application (non-residential constructions and residential construction), and by geography (the Americas, APAC, and EMEA).

Overview of the global decorative paints and coating market

Manufacturers are encouraged to develop water-based decorative paints and coatings because they are eco-friendly. Research analysis on the global decorative paints and coating market identifies that the rising awareness about eco-friendly products will be one of the major factors that will have a positive impact on the growth of the market. Water-based paint and coatings offer durability, quick dry time, less emission of volatile organic compounds (VOC), and less odor. Various end-users rely on these coatings for various industrial applications such as maintenance coating in steel and concrete. Also, they are easy and safe to clean-up and exhibit minimal risk of fire when handling flammable solvents. As a result, the adoption of these coatings will increase for residential and industrial applications. Acrylic paint or acrylic latex are water-based paints. These paints contain acrylic as the film-forming binder ingredient, which offers a non-yellowing durable finish. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

The demand for decorative painting and coatings is increasing in APAC due to the rapid industrialization and growth in the automotive industry. The growth in the construction industry, especially in countries like China and India will further boost the purchase volume of decorative paints and coatings in the forthcoming years. The automotive industry will continue to grow in APAC due to easy availability of raw materials and cheap skilled and unskilled labor. This in turn, will propel growth in the global decorative paints and coating market during the predicted period.

 

 

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Competitive landscape and key vendors

The decorative paints and coating market is highly fragmented due to the presence of many vendors in the market. Vendors of the water-based paint market are trying to retain their position and hold a larger share of the market. Innovations, research and developmental activities, and inventions will strengthen the competitive environment of the market. They are focusing on attracting potential customers by adopting expansion strategies, engagement of existing customers, and customization of product offerings.

Key vendors in this market are -

  • AkzoNobel
  • The Sherwin-Williams Company
  • PPG Industries
  • Asian Paints
  • Kansai Paints

Other prominent vendors in the market include Arkema, BASF, Benjamin Moore, Berger Paints, Cromology, Dunn-Edwards, NOROO Paint & Coatings, Nuplex Industries, Ring International, and Tikkurila.

Segmentation by technology and analysis of the decorative paints and coating market

  • Solvent-based
  • Water-based

The production process of decorative paints and coatings using water-based technology requires water as a solvent. This technology is gaining popularity over solvent-based technology because they are environment-friendly and easy to use. Also, the consumption of water-based decorative paints and coatings is increasing in various regions such as Western Europe because these regions are very specific about the regulations that are associated with VOC.

Segmentation by application and analysis of the decorative paints and coating market

  • Non-residential constructions
  • Residential construction

Sagarmala project, bharatmala project, Mumbai Trans Harbour link, shivaji memorial, Arunachal Pradesh on rail map, and Inland waterways are the various infrastructural developments in emerging economies such as India. Such infrastructural developments will require industrial maintenance. As a result, the demand for specialty roof coatings and decorative paints will increase in the non-residential construction segment.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global decorative paints and coating market?
  • What are the key market trends impacting the growth of the global decorative paints and coating market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global decorative paints and coating market?
  • What are the market opportunities and threats faced by the vendors in the global decorative paints and coating market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global decorative paints and coating market?

Technavio also offers customization on reports based on specific client requirement.

Decorative paints and coatings are considered to be an essential component of an object. The primary functionality of decorative coatings is to prevent cracks, water seepage, fungus, and algae, and enhance the aesthetics and life of the structure. This upcoming research report on the global decorative paints and coatings market presents intelligence into the upcoming drivers that are influencing the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a through data collection methodology and presents an extensive analysis of fast growing market segments like paints, coatings, and pigments.  

Moreover, to precisely predict the industry growth and the changing market patterns, our industry experts adopt a detailed data collection method, which includes qualitative and quantitative data, and assessing the extremely volatile demand-supply equilibrium of the paints, coatings, and pigments sector. The key advantage achieved from the adoption of this approach is better statistical models and vendor analysis. By taking into account the market size and forecast, surging demand for various market segments of the paints, coatings, and pigments sector, the market research professionals at Technavio present a comprehensive picture of the decorative paints and coatings market from 2017 to 2021. 

This forthcoming market research report on the decorative paints and coatings market also covers vendors like PPG Industries, AkzoNobel, The Sherwin-Williams, Asian Paints, and Kansai Paints. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the decorative paints and coatings market also covers geographies like the Americas, APAC, and EMEA. Moreover, the exponential rise in the construction industry is expected to impact the decorative paints and coating market during the next few years.

The upcoming industry research report for decorative paints and coatings market also categorizes the key drivers, prominent trends, along with the imminent restraints that the paints, coatings, and pigments sector currently experiences. This upcoming report on the decorative paints and coatings market presents insights into the highly volatile competitive scenario to give clients a complete picture of the forthcoming events within the chemicals and materials industry. Technavio also presents in-depth market assessments into the sectors such as specialty chemicals and olefins.

Our market research methodology for the decorative paints and coatings market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.

Read More Read Less

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by resin type

  • Global decorative paints and coatings market by resin type
  • Global decorative paints and coatings by acrylic resin type
  • Global decorative paints and coatings by alkyd resin type
  • Global decorative paints and coatings by polyurethane resin type
  • Global decorative paints and coatings by other resin type

PART 07: Market segmentation by technology

  • Global decorative paints and coatings market by technology
  • Global decorative paints and coatings by water-based
  • Global decorative paints and coatings by solvent-based

PART 08: Market segmentation by application

  • Global decorative paints and coatings market by application
  • Global decorative paints and coatings for residential construction
  • Global decorative paints and coatings for non-residential construction

PART 09: Geographical segmentation

  • Global decorative paints and coatings market by geography
  • Decorative paints and coatings in APAC
  • Decorative paints and coatings in EMEA
  • Decorative paints and coatings in Americas

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive Landscape
  • Other prominent vendors

PART 14: Key vendor analysis

  • AkzoNobel
  • The Sherwin-Williams Company
  • PPG Industries
  • Asian Paints
  • Kansai Paints

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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