North America Decorative Coatings Market Report Description:
North America decorative coatings market report gives comprehensive outlook on decorative coatings market across the regions with special emphasis on key countries of North America such as U.S and Canada. The report on North America decorative coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, product type, technology, application, and counties. This report studies North America decorative coatings market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, North America decorative coatings market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed North America decorative coatings market to better equip clients with possible investment opportunities across the countries and market unmet needs (Product Opportunities). Key stakeholders of the North America decorative coatings market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in North America decorative coatings market activities.
North America Decorative Coatings Market:
The North America decorative coatings market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for North America decorative coatings projected to reach US$ XX Mn by 2025 due to increased application of decorative coatings in various industry.
Launch and Development of New Decorative Coatings
Launch and development of innovative decorative coatings by the market players enables surge
in the decorative coatings market demand over the forecast years. For instance, on June 2018, PPG Industries (U.S.) launched the new decorative coatings which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of decorative coatings market over the forecast years.
Acrylics Segment Expected to Dominate the Market
Based on resin type, the North America decorative coatings market is segmented into acrylics, alkyds, and polyurethane. Acrylics segment is expected to dominate the market due to its peculiar characteristics such as resistance to chalking, optical clarity, resistance to sunlight, rigid with good strength, and excellent dimensional stability.
U.S Accounts for Larger Market Revenue Share in North America Decorative Coatings Market
North America decorative coatings market report analyses the market in different countries of North America. U.S accounted for major revenue share in North America decorative coatings market due to increased application of decorative coatings in construction industry.
Key players profiled in the North America decorative coatings market include:
- PPG Industries (U.S.)
- AkzoNobel N.V. (Netherlands)
- Sherwin-Williams Company (U.S.)
- Asian Paints (India)
- Masco Corporation (U.S.)
- Kansai Paints Co., Ltd. (Japan)
- DuluxGroup Ltd. (Australia)
- Jotun A/S (Norway)
- DAW SE (Germany)
- Nippon Paint Co., Ltd. (Japan).
North America decorative coatings market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, on June 21, 2018 PPG collaborated with Andersen Corporation, for the completion of project named Colorful Communities in order to bring color and vitality to communities where the company operates around the world.
Key Findings of the Report:
- North America decorative coatings market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increasing launch of newer products.
- Based on resin type acrylics segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on mergers and acquisitions strategies to retain market position in North America decorative coatings market
By Resin Type
By Product Type
- Wood Coatings
By Technology Type
- Water Based
- Solvent Based
- North America
Key Features of the Report:
- The report provides granular level information about the market size, country market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, 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 startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market