Decorative Paints and Coatings Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Decorative Paints and Coatings Market: By Technology (Water-Based, Solvent-Based) Product Type (Emulsions, Wood Coating, Enamels, Distempers Others) Resin Type (Acrylic, Alkyd, Polyurethane Others) Application (Residential Construction, Non-Residential Construction) and Geography

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Report

Description

The decorative paints and coatings market size was valued at USD 126.8 billion in 2021 and is expected to grow at a significant CAGR of 5.5% during the forecast period from 2022 to 2028. 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 2022-2028. 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.

Key Development:

In December 2019, AkzoNobel acquired Mauvilav Industries Limited, a paints and coatings company in Les Pailles, Mauritius, in East Africa to strengthen its portfolio in decorative paints segment.

Decorative Paints and Coatings Market

MARKET SUMMARY
-
5.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–  5.5%
  • Largest Market– Europe
  • Fastest Growing Market– Asia Pacific

Decorative Paints and Coatings Market

  • The global decorative paints and coatings market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global decorative paints and coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, by technology, resin type and region.
Key Players
  • Cromology
  • Diamond Vogel
  • Duluxgroup Ltd
  • Dunn Edwards
  • Fujikura Kasei Co. Ltd.
Decorative Paints and Coatings Market Drivers

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.


Asia-Pacific Got Significant Share

Decorative Paints 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The decorative paints and coatings market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Decorative Paints and Coatings Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the decorative paints and coatings market is 5.5% over the forecast period (2022 – 2028)

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.

Asia Pacific is the fastest-growing region for the decorative paints and coatings market


Report

Table Of Content

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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028(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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
5.1. Water-Based
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
6.1. Emulsions
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
7.1. Acrylic
7.1.1. Market Analysis, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
8.1. Residential Construction
8.1.1. Market Analysis, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2017 – 2021and Forecast, 2022 – 2028(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, 2022 – 2028
10. North America Decorative Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
10.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028by 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, 2022 – 2028
10.7. North America Decorative Paints and Coatings Market Dynamics – Trends
11. Europe Decorative Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
11.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.7. Europe Decorative Paints and Coatings Market Dynamics – Trends
12. Asia Pacific Decorative Paints and Coatings Market Analysis, 2017 – 2021and Forecast, 2022 – 2028(Revenue, USD Mn)(Volume, Kolo Tons)
12.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
12.7. Asia Pacific Decorative Paints and Coatings Market Dynamics – Trends
13. Latin America Decorative Paints and Coatings Market Analysis,2017 – 2021and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
13.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
13.7. Latin America Decorative Paints and Coatings Market Dynamics – Trends
14. Middle East & Africa Decorative Paints and Coatings Market Analysis,2017 – 2021and Forecast, 2022 – 2028 (Revenue, USD Mn)(Volume, Kolo Tons)
14.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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

Report

Company Profile

  • 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

Description

The decorative paints and coatings market size was valued at USD 126.8 billion in 2021 and is expected to grow at a significant CAGR of 5.5% during the forecast period from 2022 to 2028. 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 2022-2028. 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.

Key Development:

In December 2019, AkzoNobel acquired Mauvilav Industries Limited, a paints and coatings company in Les Pailles, Mauritius, in East Africa to strengthen its portfolio in decorative paints segment.

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