PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, NIPSEA GROUP, Kansai Paint Co.Ltd., Bayer AG, KCC CORPORATION, are the pioneering companies and brands that are driving the Decorative Coatings Market . The CAGR numbers also look quite impressive for the forecasted period of 2018-2025 in the Decorative Coatings Market. The sales, import, export, and revenue figures are anticipated to grow in the forecast period. The key players and brands are making significant moves by product launches, researches, their joint ventures, mergers, and accusations which in turn are yielding successful results.
Furthermore, the report contains drivers and restraints of the Decorative Coatings Market which is derived with the help of SWOT analysis.
“Global Decorative Coatings Market” is set to rise from its initial estimated value of USD 26.97 billion in 2018 to an estimated value of USD 39.09 billion by 2026, registering a CAGR of 4.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased urbanization and industrialization worldwide. The overall spend on construction has increased which is expected to positively impact the decorative coatings market in the forecast period.
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Major Companies Involved
PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, NIPSEA GROUP, Kansai Paint Co.Ltd., Bayer AG, KCC CORPORATION, Jotun, Koninklijke DSM N.V., BASF SE, Benjamin Moore & Co., Masco Corporation, DAW SE, The Arkema Group, Berger Paints India Limited, Cabot Corporation, Clariant, Eastman Chemical Company, Tikkurila, Cromology, HEMPEL A/S, Ashland, and RPM International Inc.
Key points for analysis
- To describe and forecast the Global Decorative Coatings Market, in terms of value, by process, product type, and industry.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Decorative Coatings Market growth
- Increased urbanization and industrial worldwide driving the rise in construction is expected to drive the growth for decorative coatings market
- Advancements and developments in the market is also expected to drive the market growth
- Environment effects of solvent-borne coatings with VOC emissions involved in its production is expected to restrain the market growth
- Vulnerability and fluctuation in the prices of raw materials is also expected to restrain the market growth
Global decorative coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of decorative coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
By Resin Type
- Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others
- Primer, Enamel, Emulsions, Others
- Water-Based, Solvent-Based
- Metal, Plastic, Glass, Others
- Top Coat, Base Coat, Others
- Architectural, Automotive, Domestic Appliances, Medical, Sporting Goods, Jewellery, Cosmetics, Aerospace
- North America, South America, Europe, Asia-Pacific, Middle East and Africa
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Key Developments in the Market:
- In March 2016, The Sherwin-Williams Company announced the confirmation of an agreement with The Valspar Corporation regarding its acquisition. The acquisition will impact the global market expanding the market share and help improve the market strategy of The Sherwin-Williams Company.
- In September 2018, Akzo Nobel N.V. announced the acquisition of Xylazel S.A. with the acquisition creating a leader of decorative paints and coatings business in Spain in the shape of Akzo Nobel N.V.