ti.gif

Decorative Paints Market will achieve USD 82.1 billion by 2030 : GreyViews – World News Report

Decorative Paints Market Size by Product Type (Solvent-Based Paints and Water-Based Paints), By Formulation (Distemper and Emulsion-Based Paints), Regions, Segmentation, and forecast till 2030.

/EIN News/ — Pune India, Jan. 20, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the decorative paints market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the decorative paints market are present across various countries in the above-mentioned regions.

Get Sample Copy of This Report @ https://greyviews.com/reports/decorative-paints-market/400/request-sample

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the product type, formulation, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
 The significant players operating in the global decorative paints market are AkzoNobel, Asian Paints, PPG Industries, Kansai Paints, Arkema, BASF, Benjamin Moore, The Sherwin-Williams Company, Berger Paints, DowDuPont, DuluxGroup, Masco Corporation, NIPPON PAINT, DAW SE, Cromology among others. To achieve a substantial market share in the worldwide decorative paints market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Decorative paints are in increasing demand due to rapid urbanization, improving living standards, and a growing interest in improving the aesthetic appeal of homes and residential buildings. With an increase in disposable income, the demand preference of consumers has changed to highly resilient paints with a modern aesthetic. This change in demand patterns is predicted to drive the growth of the decorative paint market globally. A variety of finishes can be achieved with emulsion paints, including gloss sheen, stain, silk, and flat matte on substrates. It is a stable suspension of oil in liquid. Considering that these paints are usually water-based, the segment’s share is expected to continue to grow over the forecast period. There are several finishes that can be achieved with emulsion paints, such as gloss sheen, stain, silk, and flat matte, as they consist of a stable suspension of oil phase in liquid phase. Due to the fact that acrylic paints are generally water-based, the share of the segment is expected to remain high during the forecast period. Acrylic paints are expected to remain highly popular among distempers. There are some factors which are hampering the growth of the market such as time-consuming dye procedure and fluctuating prices.

Enquiry Before Buying This Report @ https://greyviews.com/inquiry/400

Scope of Decorative Paints Market Report:

Report Metric Information
Study Period 2022-2030
Base Year           2022
Forecast Period 2023-2030
Market Share Unit USD Billion
Segments Covered Product Type, Formulation, and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players AkzoNobel, Asian Paints, PPG Industries, Kansai Paints, Arkema, BASF, Benjamin Moore, The Sherwin-Williams Company, Berger Paints, DowDuPont, DuluxGroup, Masco Corporation, NIPPON PAINT, DAW SE, Cromology among others

Segmentation Analysis

Water-based paints are expected to be the fastest-growing segment in 2022. 

The product type segment is solvent-based paints and water-based paints. The water-based paints segment is expected to witness the highest growth rate during the forecast period. Growing construction investment and customer demand for eco-friendly goods are expected to support category growth during the forecast period. Water-based paints and varnish are frequently used in small, poorly ventilated rooms.

Emulsion-based paints are expected to be the fastest-growing segment in 2022. 

The formulation segment is distemper and emulsion-based paints. The emulsion-based paints segment is expected to witness the highest growth rate during the forecast period. A variety of finishes can be achieved with emulsion paints, including gloss sheen, stain, silk, and flat matte on substrates. It is a stable suspension of oil in liquid. Considering that these paints are usually water-based, the segment’s share is expected to continue to grow over the forecast period.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the decorative paints market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The Asia Pacific region witnessed a major share. In emerging nations like China, India, Japan, and Southeast Asia, the market is expected to be driven by expanding building activities and rising automobile industry demand over the forecast period. Because raw materials are easily available and VOC emission regulations are less strict than in North America and Europe, the market has seen tremendous growth.

Country Analysis

Germany’s decorative paints market size was valued at USD 5.37 billion in 2022 and is expected to reach USD 7.6 billion by 2030, at a CAGR of 4.6% from 2023 to 2030.
In the upcoming year, the paints and coatings industry is expected to benefit from the economy’s steady growth and rising new-car sales, which demonstrate consumer confidence.

China’s decorative paints market size was valued at USD 5.99 billion in 2022 and is expected to reach USD 8.7 billion by 2030, at a CAGR of 4.9% from 2023 to 2030.
The nation’s rapid development in the building, construction, and infrastructure sectors is fueling decorative paint sales.

India’s decorative paints market size was valued at USD 4.4 billion in 2022 and is expected to reach USD 6.40 billion by 2030, at a CAGR of 4.8% from 2023 to 2030.
Residential and commercial constructions use decorative paints & coatings. Residential constructions have occupied a substantial share with a faster growth rate owing to their increasing demand worldwide. In the forecast period, several factors will drive the market, including an increase in per capita income, which has led to an increase in home ownership, and urbanization, boosting the market growth.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the rising awareness about vehicle safety, propelling the growth of the market across the countries.

Buy Now Full Report @ https://greyviews.com/checkout/400/single_user_license

Contact Us
Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: sales@greyviews.com

Web: https://greyviews.com/

Follow Us: LinkedIn | Twitter

Browse Related Reports:

Metal Fabrication Market Size By Type (Welding, Cutting and Machining), By Application (Automotive, Construction, Aerospace & Defence, Electronics and Others), Regions, Segmentation, and Projection till 2030      

https://greyviews.com/reports/metal-fabrication-market/426

Industrial Protective Clothing Market Size By Product Type (Disposable and Durable), By End-User (Healthcare, Construction, Manufacturing and Others), Regions, Segmentation, and Projection till 2030

https://greyviews.com/reports/industrial-protective-clothing-market/418

Furan Resins Market Size By Type (Furfuryl Alcohol Resin, Furfural Resin, Bran Ketone Resin, and Branone Formaldehyde Resin), By Application (Automobile, Paint & Coating, Adhesive & Sealant, Foundry, Plastic, and Others), Regions, Segmentation, and Projection till 2030

https://greyviews.com/reports/furan-resins-market/408

Air & Gas Compressor Market Size By Type (Portable and Stationary), By Application (Oil & Gas, Manufacturing, Petrochemical and Chemical Industry, Power Sector, and Others), Regions, Segmentation, and Projection till 2030             

https://greyviews.com/reports/air-gas-compressor-market/406

Decorative Paints Market Size By Product Type (Solvent-Based Paints and Water-Based Paints), By Formulation (Distemper and Emulsion Based Paints), Regions, Segmentation, and Projection till 2030 

https://greyviews.com/reports/decorative-paints-market/400

Wire Insulation and Jacketing Compounds Market Size By Type (Halogenated Plastic Wire Insulation and Jacketing Compounds and Non-Halogenated Plastic Wire Insulation and Jacketing Compounds), By End-user (Automotive and Transportation, Building Construction, Energy, and Others), Regions, Segmentation, and Projection till 2030  

https://greyviews.com/reports/wire-insulation-and-jacketing-compounds-market/392

Textile Machine Lubricants Market Size By Base Oil (Mineral Oil-Based and Synthetic Oil-Based), By Application (Spinning Machine, Processing Machine, Winding Machine, Knitting Machine, Weaving Machine, Finishing Machine, and Others), Regions, Segmentation, and Projection till 2030      

https://greyviews.com/reports/textile-machine-lubricants-market/387

Polyester Fiber Market Size By Grade (PCDT Polyester and Polyethylene Terephthalate (PET) Polyester), By Form (Solid and Hollow), By Application (Carpets and Rugs, Home textiles, Non-Woven Fabrics, Apparel, and Others), Regions, Segmentation, and Projection till 2030 

https://greyviews.com/reports/polyester-fiber-market/375

Compostable Paper Trays Market Size By Type (Food Trays, Plates, Utility Trays, Bowls and Cups and Others), By Application (Confectioneries, Restaurants, Bars, and Others), Regions, Segmentation, and Projection till 2030     

https://greyviews.com/reports/compostable-paper-trays-market/368

Footwear Sole Material Market Size By Type (Non-Athletic and Athletic), By End-User (Men, Children, and Women), Regions, Segmentation, and Projection till 2030        

https://greyviews.com/reports/footwear-sole-material-market/365


Primary Logo




Source link

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *