Decorative Coatings are widely used as a protectant and colorant for metal, wooden and concrete structures against bleaching, chalking and general deterioration. In the market, Decorative Coatings are available as water borne and solvent borne coatings. Increasing renovation and colorants customization along with rising disposable income in the emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. As per our Analysis, some of the prominent market factors and trends identified in the Global Decorative Coatings Market include rapid rise in human development index (HDI), rising demand for dazzling colors that are in resonance with the environmental regulations and policies, and increasing expenditure on construction activities. Decorative coatings is predicted to witness significant growth over the assessment period due to the surging population. These coatings have major applications as enhancing the visual appeal of substrates in coating wall and ceilings, furniture, and wooden flooring of the buildings.

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Key Players:

Some of the prominent players operating in the Global Decorative Coatings Market are BASF SE (Germany), PPG Industries Inc. (U.S.), the Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (Switzerland), Kansai Paint Co., Ltd. (U.S.), the Valspar Corporation (U.S.), Arkema S.A. (France).

Segmentation:

The Global Decorative Coatings Market is categorized on the basis of type, technology, application, and region. On the basis of type, the market is bifurcated into primer, enamel, emulsion, and others. On the basis of technology, the market is segmented into water borne and solvent borne. On the basis of application, the Decorative Coatings Market is categorized into residential, non-residential and others.

Regional Analysis:

The Global Decorative Coatings Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding construction industry. In Europe, the demand for Decorative Coatings is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers.

North American Decorative Coatings Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. As of 2016, the U.S accounted for one of the largest global market share in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in Decorative Coatings application in furniture sector. The demand for Decorative Coatings is predicted to surge in numerous countries of the Middle East & Africa such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait due to high adoption rate by the construction industry. Browse the market data and information spread across 137 pages with 47 data tables and 13 figures of the report “Decorative Coatings Market identified in the prominent market factors and trends” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/decorative-coatings-market-5082

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