Global Decorative Paints And Coatings Market excepted size was USD 72.06 billion in 2020 and expected register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Global Decorative Paints And Coatings market revenue growth is due to high demand for these products from the construction sector.

The COVID-19 outbreak has had an adverse effect on construction sector. Construction of new establishments has slowed down due to lockdown restriction, and no availability of labors and other workforce to construct and renovate buildings and new structures. Number of business startups have also decreased drastically, which hampered adoption rate of Global Decorative Paints And Coatings in both, commercial and residential constructions. The pandemic has led to production cut on a large scale due to low product demand, and storage of large volumes of stocks, as well as companies in the construction sector are shifting focus in other business plans to survive this encumberment.

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Key players operating in the market:

The Akzo Nobel N.V., Sherwin-Williams Company, PPG Industries, Inc., BASF SE, Asian Paints Limited, RPM International Inc., Jotun Group, Masco Corporation, Nippon Paint Holdings Co., LTD., and Kansai Paint Co. LTD., have been profiled in the report

Some Key Highlights in the Report:

Acrylic segment accounted for a significantly large revenue share in 2020 as it provides better weathering and oxidation resistance than alkyds or epoxies. The acrylic resins are durable, transparent, and water-resistant, as well as provide glossy external finish, and resistance to harsh weather conditions. Acrylic paints are durable, versatile and dries rapidly. It is water-based which means it can be thinned by mixing with water.

Emulsions segment is expected to register a robust revenue growth rate during the forecast period. Emulsions are high-quality paints used in interiors such as surface walls and ceilings, as these offer great coverage and ease of application, and are less toxic and contain low Volatile Organic Compounds (VOCs).

Solvent-based coatings segment is expected to register significantly fast revenue growth rate during the forecast period. Some of the commonly used solvents in the industry are aliphatic hydrocarbons, lacquer thinner, toluene, and xylene. China is the leading consumer of solvent-borne paints due to high product usage in the industrial and commercial construction.

Residential segment accounted for larger revenue share in 2020. Global Decorative Paints And Coatings are majorly used in the construction sector. Rising disposable income is resulting in improving lifestyles, which is driving adoption of Global Decorative Paints And Coatings for high-end decorations in houses as these products provide excellent aesthetic finishes and protection to the buildings.

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Full Coverage of the Global Decorative Paints Coatings Market Report:

The report offers in-depth study of the global Decorative Paints Coatings market dynamics and offers crucial information on the leading product portfolios, application areas, distribution channels, and technological breakthroughs.

The report offers qualitative and quantitative studies of the global Decorative Paints Coatings industry.

The report is inclusive of a detailed overview of the key regional markets of the global Decorative Paints Coatings industry. 

The report profiles the leading companies in the industry and highlights their financial positions, product offerings, recent developments, and business expansion plans and initiatives.

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Product Type Outlook:

Acrylic

Alkyd

Vinyl

Polyurethane

Others

Application Outlook:

Residential

Non-Residential

Regional and Country-wise Segmentation of the Global Recycled Glass Market:

North America

Europe

Asia Pacific

Latin America

Middle East Africa

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