According to MarketIntelReports‘ “Global Decorative Coating Sales Market Report 2021″
Browse 129 Pages and an in-depth TOC on “Decorative Coating Market 2016-2021” here
A decorative coating is a paint which is used for residential and commercial buildings. It is used to decorate rooms to make them look attractive and fresh. The decorative concrete coatings can also protect buildings from UV radiation, bacteria, corrosion, and moisture. It has applications in exterior and interior house stains, varnishes, sealers, primers, and paints. The challenge for house owners and coating industry is high and there is a public interest in home decoration and pride of ownership, matched by new colors and new techniques for applying paint and producing novel effects easily. The concrete paint colors are very useful due to their great aesthetic life and high performance.
Scope & Regional Forecast of the Decorative Coating Market
The growing demand for the industrial coatings for the buildings as it enhances durability and appearance of the surface as well as protecting it from harsh environmental conditions like UV radiation and extreme temperature will boost the Decorative Coating Market. Superior properties like corrosion resistance, resistance to moisture and bacterial will also enhance the growth of the market.
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The growing demand for eco-friendly waterborne coatings in countries like China and India will propel the growth of the Decorative Coating Market. Infrastructure development in the economies of Asia Pacific along with rising spending in current fiscal budgets by government of India and China will push forward the demand of protective coatings.
Technological advancements like Nano-TiO2 photo catalysts, green coatings and introduction of methods to reduce the drying time will lead to the growth of the Decorative Coatings Market during the forecast period. Increasing R&D investments coupled with the product development for improving the performance of the products will augment the growth of decorative metal coatings for the next seven years.
Residential sector will have high growth over the next seven years due to increase in government spending, fast growing population, and continuous progress on infrastructure projects. This will propel the growth of the Decorative Coating Market. The rising trend of DYI among the consumers leads to more consumption of residential applications in the future. This leads to the demand for surface coating in the market.
Segmentations & Key Players Involved in the Decorative Coating Market
The Decorative Coating Market can be broken down into various segments as follows:
- Type- Type 1, Type2, Type 3.
- Application- Application 1, Application 2, Application 3.
- Region- North America, China, Europe, Japan, Southeast Asia, India.
Some of the key players involved in the Decorative Coating Market are as follows:
- Axalta Coating Systems
- Nippon Paint
- Kansai Paint
- Bayer AG
- Valspar Corporation
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