Know More About “Decorative Coatings Market 2014-2022” Growth Worldwide…..|Grand View Research, Inc.



Global decorative coatings market is expected to reach USD 106.97 billion by 2022, according to a new report by Grand View Research, Inc. Rising construction spending in light of urbanization, population growth and government infrastructural plan will augment industry growth. Emerging economies in Southeast Asia including Malaysia, Thailand and Singapore are projected to witness a surge owing to increasing commercial establishments including shopping malls and business parks.
Waterborne coatings accounted for over 70% of global revenue and are expected to gain share over solventborne owing to its non-requirement of additives, hardeners or thinners resulting in cost advantage. In addition, the U.S. EPA and REACH promotes use of waterborne technology which is expected to stimulate market expansion over the next seven years.
Ongoing product development by various companies to manufacture cost-efficient and high performance coatings is further expected to drive demand over the next seven years. However, fluctuating raw material prices along with adverse environment impact of solventborne coatings is expected to restrict market growth over the next seven years. Introduction of nanocoatings along with green coatings is expected to open new opportunities for growth over the forecast period.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/decorative-coatings-market/request/rs4
The industry is extremely competitive with key companies involved in R&D activities and constant product innovation. The industry is mainly dominated by major participants including PPG Industries, Sherwin-Williams, AkzoNobel, Nippon Paint and Valspar Corporation. Various other players include Asian Paints, Berger Paints, Cabot Corporation, DAW SE, Jotun A/S, Masco Corporation, Benjamin Moore and Axalta Coating Systems.
Further key findings from the report suggest:
·         Global decorative coatings market demand was 21,473.1 kilo tons in 2014 and is expected to reach 34,483.7 kilo tons by 2022, growing at a CAGR of 6.1% from 2015 to 2022
·         Primer is expected to witness rapid gains at an estimated CAGR of 6.3% from 2015 to 2022 as it acts as a leveler and protector for other products
·         Commercial applications are expected to witness significant rise, in terms of volume, at a CAGR of 6.0% from 2015 to 2022 on account of rapid industrialization, increasing government infrastructure spending along with increasing FDI in India and China. In addition, 2016 Olympic Games in Rio de Janeiro will augment demand in commercial sector.
·         North America accounted for over 15% of the global market share and is expected to witness significant gains in light of rapid infrastructure development and re-development in the U.S. and Mexico. Government efforts on reducing carbon footprints by deploying eco-friendly products will augment waterborne coatings industry over the forecast period.
·         Key industry players include PPG Industries, BASF, Sherwin-Williams, AkzoNobel, Kansai Paint and Nippon Paint. Various companies are involved in continuous R&D and technological development to enhance coatings properties including stability and low VOCs. For instance, Axalta Coating Systems provides waterborne coatings which significantly reduce energy consumption, VOCs emissions and overall investment. In June 2015, Dow Coatings Materials developed a low-VOC-capable hybrid resin for two-component (2K) coating systems which offers durability and interior UV protection. 
Rising demand for eco-friendly waterborne coatings in emerging economies of China and India is liklely to propel industry development. An increasing number of joint ventures among various key coating participants and local manufacturers in Asia Pacific is likely to develop the market over the projected period. Also, infrastructure development in emerging economies of Asia Pacific coupled with rising spending in current fiscal budgets by the government of India and China is a key factor responsible for high demand.
Stringent environmental regulations on VOC emissions in North America and Europe are expected to drive waterborne technology market over the forecast period. However, variation in raw material prices including alkyd, epoxy, acrylic, and titanium dioxide is expected to restrain growth. Furthermore, harmful environmental effects by solvent-borne coatings are expected to serve as a key market challenge over the next seven years.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-decorative-coatings-market
Grand View Research has segmented the global decorative coatings market on the basis of product, technology, application:
Global Decorative Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Primer
·         Enamel
·         Emulsions
·         Others
Global Decorative Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Waterborne Coatings
·         Solventborne Coatings
Global Decorative Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Residential
·         Commercial
Technological advancement including Nano-TiO2 photo catalysts, green coatings and introduction of methods to reduce drying time is expected to propel growth over the forecast period. Increasing R&D investments along with ongoing product development to improve the performance of these products will stimulate market growth over the next seven years.
Rapid infrastructural development in the form of shopping malls, housing complexes, and office buildings in emerging economies of India, China, Brazil, and South Korea is estimated to fuel decorative coatings industry growth in near future. Growing coatings demand from DIY consumers is expected to gain market share in the near future.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more