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Decorative Paints and Coatings Market: By Technology By Product Type By Resin Type By Application and Geography
Decorative Paints and Coatings Market: By Technology By Product Type By Resin Type By Application and Geography
decorative paints and coatings market size was valued at US$ 126.9 billion in 2022 and is expected to grow at a significant CAGR of 5.6% from 2023 to 2029. The global market provides a detailed overview of the market and that can be segmented by technology, product type, resin type, application. By Technology, the decorative paints and coatings market has been segmented into Water-Based, Solvent-Based. The Water-Based segment is likely to hold the largest and fastest-growing segment in terms of technology. Based on product type, the market is segmented into emulsions, wood coating, enamels, distempers and others. Among these, the Emulsions segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on resin type, the decorative paints and coatings market is segmented into Acrylic, Alkyd, Polyurethane, and Others. Acrylic is expected to dominate the market in the future. Based on Application, the market has been segmented into Residential Construction, Non-Residential Construction. Residential Construction segment expected to grow at the highest CAGR over the forecast years according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
Asia PacificFastest Growing Market
Europe
Factors such as rise in the urbanization and the growing home ownership is a key driver for the decorative paints market. Furthermore, the increasing demand for decorative paints and coatings from the construction industry is further anticipated to propel the growth of the decorative paint and coatings market.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period due to growing construction activity will further boost the growth of the decorative paint and coatings market in the region during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 126.9 billion |
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Market CAGR |
5.6% |
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By Technology |
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By Product Type |
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By Application |
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By Region |
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The CAGR of the decorative paints and coatings market is 5.6% over the forecast period (2023– 2029)
The major players in the global decorative paints and coatings market are AkzoNobel N.V., BASF Coatings GmbH, Benjamin Moore & Co. Inc., Cromology, DAW SE, Diamond Vogel, Duluxgroup Ltd, Dunn Edwards, Fujikura Kasei Co. Ltd., Hempel A/S, Jotun A/S, Kansai Paints, KC Corporation Ltd, Kelly-Moore.
Europe is the fastest-growing region for the decorative paints and coatings market
| 1. Executive Summary |
| 2. Global Decorative Paints and Coatings Market Introduction |
| 2.1. Global Decorative Paints and Coatings Market - Taxonomy |
| 2.2. Global Decorative Paints and Coatings Market -Definitions |
| 2.2.1. Technology |
| 2.2.2. Product Type |
| 2.2.3. Resin Type |
| 2.2.4. Application |
| 3. Global Decorative Paints and Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Decorative Paints and Coatings Market Dynamic Factors - Impact Analysis |
| 3.6. Global Decorative Paints and Coatings Market - Competition Landscape |
| 4. Global Decorative Paints and Coatings Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Decorative Paints and Coatings Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 5.1. Water-Based |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent-Based |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Decorative Paints and Coatings Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.1. Emulsions |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Wood Coating |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Enamels |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Distempers |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Decorative Paints and Coatings Market Forecast, By Resin Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 7.1. Acrylic |
| 7.1.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Alkyd |
| 7.2.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Polyurethane |
| 7.3.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Decorative Paints and Coatings Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 8.1. Residential Construction |
| 8.1.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Non-Residential Construction |
| 8.2.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Decorative Paints and Coatings Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific |
| 9.3.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East & Africa |
| 9.5.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Region, 2023 - 2029 |
| 10. North America Decorative Paints and Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 10.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Water-Based |
| 10.1.2. Solvent-Based |
| 10.2. Product Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Emulsions |
| 10.2.2. Wood Coating |
| 10.2.3. Enamels |
| 10.2.4. Distempers |
| 10.2.5. Others |
| 10.3. Resin Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Acrylic |
| 10.3.2. Alkyd |
| 10.3.3. Polyurethane |
| 10.3.4. Others |
| 10.4. Application Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Residential Construction |
| 10.4.2. Non-Residential Construction |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. U.S. |
| 10.5.2. Canada |
| 10.6. North America Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Country, 2023 - 2029 |
| 10.7. North America Decorative Paints and Coatings Market Dynamics - Trends |
| 11. Europe Decorative Paints and Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 11.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Water-Based |
| 11.1.2. Solvent-Based |
| 11.2. Product Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Emulsions |
| 11.2.2. Wood Coating |
| 11.2.3. Enamels |
| 11.2.4. Distempers |
| 11.2.5. Others |
| 11.3. Resin Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Acrylic |
| 11.3.2. Alkyd |
| 11.3.3. Polyurethane |
| 11.3.4. Others |
| 11.4. Application Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Residential Construction |
| 11.4.2. Non-Residential Construction |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Country, 2023 - 2029 |
| 11.7. Europe Decorative Paints and Coatings Market Dynamics - Trends |
| 12. Asia Pacific Decorative Paints and Coatings Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn)(Volume, Kolo Tons) |
| 12.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Water-Based |
| 12.1.2. Solvent-Based |
| 12.2. Product Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Emulsions |
| 12.2.2. Wood Coating |
| 12.2.3. Enamels |
| 12.2.4. Distempers |
| 12.2.5. Others |
| 12.3. Resin Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Acrylic |
| 12.3.2. Alkyd |
| 12.3.3. Polyurethane |
| 12.3.4. Others |
| 12.4. Application Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Residential Construction |
| 12.4.2. Non-Residential Construction |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia Pacific Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Country,2023 - 2029 |
| 12.7. Asia Pacific Decorative Paints and Coatings Market Dynamics - Trends |
| 13. Latin America Decorative Paints and Coatings Market Analysis,2018 - 2022and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 13.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Water-Based |
| 13.1.2. Solvent-Based |
| 13.2. Product Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Emulsions |
| 13.2.2. Wood Coating |
| 13.2.3. Enamels |
| 13.2.4. Distempers |
| 13.2.5. Others |
| 13.3. Resin Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Acrylic |
| 13.3.2. Alkyd |
| 13.3.3. Polyurethane |
| 13.3.4. Others |
| 13.4. Application Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Residential Construction |
| 13.4.2. Non-Residential Construction |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Country, 2023 - 2029 |
| 13.7. Latin America Decorative Paints and Coatings Market Dynamics - Trends |
| 14. Middle East & Africa Decorative Paints and Coatings Market Analysis,2018 - 2022and Forecast, 2023 - 2029 (Revenue, USD Mn)(Volume, Kolo Tons) |
| 14.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Water-Based |
| 14.1.2. Solvent-Based |
| 14.2. Product Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Emulsions |
| 14.2.2. Wood Coating |
| 14.2.3. Enamels |
| 14.2.4. Distempers |
| 14.2.5. Others |
| 14.3. Resin Type Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Acrylic |
| 14.3.2. Alkyd |
| 14.3.3. Polyurethane |
| 14.3.4. Others |
| 14.4. Application Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Residential Construction |
| 14.4.2. Non-Residential Construction |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. Middle East & Africa Decorative Paints and Coatings Market - Opportunity Analysis Index, By Technology, Product Type, Resin Type, Application and Country, 2023 - 2029 |
| 14.7. Middle East & Africa Decorative Paints and Coatings Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Technology& Service Technology, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Akzonobel N.V. |
| 15.2.2. BASF Coatings GmbH |
| 15.2.3. Benjamin Moore & Co. Inc. |
| 15.2.4. Cromology |
| 15.2.5. DAW SE |
| 15.2.6. Diamond Vogel |
| 15.2.7. Duluxgroup Ltd |
| 15.2.8. Dunn Edwards |
| 15.2.9. Fujikura Kasei Co. Ltd. |
| 15.2.10. Hempel A/S |
| 15.2.11. Jotun A/S |
| 15.2.12. Kansai Paints |
| 15.2.13. KC Corporation Ltd |
| 15.2.14. Kelly-Moore |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.