Decorative Coatings Market Size to Reach Revenues of over USD 78 Billion by 2026 - Arizton
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Decorative Coatings Market – Segmentation
Decorative Coatings Market by Resin Type
Decorative Coatings Market by Formation
Decorative Coatings Market by Product
Decorative Coatings Market by End-user
Decorative Coatings Market by Surface Type
Decorative Coatings Market – Dynamics
With the demand for aesthetics and environment-friendly coatings, durability has also improved. Current demographic, socio-economic, and regulatory factors are also necessitating a longer product lifetime. Increasing reference to high-performance has played an important role, especially in commercial and institutional applications. Major coating manufacturers in APAC are working on smart coatings, which will improve mold and dirt resistance, and environment-friendly coatings that are water-borne, reduce the concentration of VOCs, and are formaldehyde-free. The preference for water-borne coatings in decorative paints has resulted in a 75% reduction in VOCs in Canada. Moreover, powder-based and UV-cured coating technologies are expected to rise in the upcoming years, as these are environment-friendly.
Key Drivers and Trends fueling Market Growth:
Decorative Coatings Market – Geography
North America, which includes the key countries of the US and Canada, constitutes a significant region as it hosts the most advanced and largest economies of the world. The US is the major revenue contributor to the North American decorative coatings market. Canada is likely to experience healthy growth during the forecast period. The growth in this region is mainly attributed to the rising economic growth, coupled with residential constructions, establishments of new businesses, the expansion of commercial spaces, and increasing disposable incomes. The market for decorative coatings in North America is driven by the growth in construction, residential, home improvements, and industrialization sectors. Renovation activities also drive the market for decorative coatings.
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Decorative Coatings Market by Geography
North America
Europe
APAC
Latin America
Middle East & Africa
Major Vendors
Other Prominent Vendors
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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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