Decorative Coatings Market Size to Grow by USD 19.93 Bn, Akzo Nobel NV and Asian Paints Ltd. Among Key Vendors - Technavio

NEW YORK, Oct. 13, 2022 /PRNewswire/ -- The decorative coatings market is set to grow by USD 19.93 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.04% during the forecast period. Technavio's reports present a detailed study by the way of synthesis and summation of data from multiple sources, with a focus on identifying dominant industry influencers.

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To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the decorative coatings market include Akzo Nobel NV, Asian Paints Ltd., BASF SE, Hempel AS, Jotun AS, Kansai Paint Co. Ltd., Masco Corp., PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Co. The key offerings of some of these vendors are listed below:

• Akzo Nobel NV - The company offers decorative coatings that are used to embellish both the exterior and interior of a building and are majorly used in airports, under the brand name of AKZO NOBEL.
• Asian Paints Ltd. - The company offers decorative coatings that are available in 540 different shades with anti-bacterial properties that kill 99.9% of Staph, E. coli, and Enterobacter aerogenes on painted surfaces within two hours of exposure, under the brand name Asian Paints.
• BASF SE - The company offers decorative coatings that are used for architectural coatings, automotive, and commercial vehicle coatings or industrial coatings, under the brand name BASF.

• Decorative Coatings Market size
• Decorative Coatings Market trends
• Decorative Coatings Market industry analysis

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The growing demand from emerging economies is driving the decorative coatings market growth. Decorative paints and coatings are applied to buildings and associated structures for decoration and protection. Rapid urbanization and a rise in investments in infrastructure are leading to the growth of the construction industry in developing countries such as Indonesia and India. In developing economies, the rise in the GDP is expected to result in the growth of the manufacturing and building industries, which, in turn, will propel the growth of the market during the forecast period. In addition, high disposable incomes and changes in lifestyles have led to the growth of the construction market in these economies. Moreover, many consumers are remodeling their homes and buildings as per energy-efficient building norms. These factors will fuel the market growth during the forecast period.

• Technology 
• Waterborne Coatings
• Solvent-borne Coatings
• Powder Coatings
• Geography 
• APAC
• North America
• Europe
• South America
• MEA

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The waterborne coatings segment will be the largest contributor to market growth during the forecast period. Waterborne coatings have various advantages such as cost-effectiveness, low toxicity, and anti-sealing effects. The growth of this segment is attributed to factors such as the rising investments in the construction sector and the increase in the demand for design services. Such factors will increase the sales of waterborne decorative coatings during the forecast period.

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist decorative coatings market growth during the next five years
• Estimation of the decorative coatings market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the decorative coatings market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of decorative coatings market vendors

Electrically Conductive Coatings Market by End-user and Geography - Forecast and Analysis 2022-2026: The electrically conductive coatings market size is projected to grow by USD 5.78 billion from 2021 to 2026.

Paints and Coatings Additives Market by Application and Geography - Forecast and Analysis 2022-2026: The paints and coatings additives market share is expected to increase by USD 2.87 billion from 2021 to 2026.

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Waterborne coatings - Market size and forecast 2021-2026
• Solvent-borne coatings - Market size and forecast 2021-2026
• Powder coatings - Market size and forecast 2021-2026
• Market opportunity by Technology

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2021-2026
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Akzo Nobel NV
• Asian Paints Ltd.
• BASF SE
• Hempel AS
• Jotun AS
• Kansai Paint Co. Ltd.
• Masco Corp.
• PPG Industries Inc.
• RPM International Inc.
• The Sherwin-Williams Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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