DUBLIN, July 14, 2021 /PRNewswire/ — The “Decorative Paints Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type and Application” report has been added to ResearchAndMarkets.com’s providing.
The ornamental paints market was valued at US$ 74,091.54 million in 2019 and is projected to attain US$ 121,531.91 million by 2028; it’s anticipated to develop at a CAGR of 6.38% throughout 2020-2028.
Decorative paints are outlined as acrylic paints that assist impart aesthetic designs and distinctive textures in inside and exterior functions. The demand for ornamental paints is rising due to the altering client dwelling patterns and rising concentrate on the looks of dwelling, workplace, complexes, and different such areas. With the expansion of the paints trade, the applying of ornamental paints in infrastructural and architectural sector has been acknowledged as they assist embellish each exterior and inside areas of a constructing. Such paints are embedded with matte end together with eggshell, gloss, or satin end and rather more, which helps them present distinctive creative items. Additionally, ornamental paints are identified for his or her varied purposeful traits similar to mild absorption and reflection, warmth insulation, and low risky natural compounds (VOC) emission.
Based on sort, the ornamental paints market is bifurcated into water primarily based ornamental paints and solvent primarily based ornamental paints. In 2019, the water primarily based ornamental paints section dominated the market by accounting for 58.2% of the full share. Water-based paints are identified to present higher sturdiness, low odor, minimal risky natural compounds (VOC) emission, and quick dry time. Further, a lot of these paints may be simply utilized and safely clear-up. They possess low danger of fireside. Water-borne paints are thought of as an efficient various for the various kinds of paints that comes with the usage of VOCs together with the hydrocarbons, which can deteriorate the atmosphere high quality.
Based on area, the ornamental paints market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2019, Asia Pacific accounted for the most important share available in the market. The progress of the ornamental paints market in Asia Pacific is principally attributed to the rising focus of presidency authorities on infrastructural growth in international locations similar to China, Japan, and India. The governments of creating international locations, particularly India, are investing closely in infrastructure growth, similar to buildings and different bodily buildings. As a consequence, the usage of ornamental paints turns into inevitable, which drives the expansion of the ornamental paints market in Asia Pacific.
Just a few of the foremost key gamers working within the international ornamental paints market are Nippon Nippon Paint, Akzo Nobel N.V., BASF SE, Dow Inc., Axalta Coating Systems, Asian Paints, PPG Industries Inc., RPM International Inc, Kansai, and The Sherwin-Williams.
The measurement of general international ornamental paints market has been derived utilizing each main and secondary supply. To start the analysis course of, exhaustive secondary analysis has been carried out utilizing inside and exterior sources to get hold of qualitative and quantitative data associated to the market. Also, a number of main interviews have been carried out with trade individuals to validate the information, in addition to to achieve extra analytical insights into the subject. The individuals of this course of embrace trade specialists similar to VPs, enterprise growth managers, market intelligence managers, and nationwide gross sales managers, together with exterior consultants similar to valuation specialists, analysis analysts, and key opinion leaders, specializing within the ornamental paints market.
Reasons to Buy
- Highlights key enterprise priorities so as to help firms to realign their enterprise methods.
- The key findings and suggestions spotlight essential progressive trade tendencies within the international ornamental paints market, thereby permitting gamers to develop efficient lengthy-time period methods.
- Develop/modify enterprise enlargement plans through the use of substantial progress providing developed and rising markets.
- Scrutinize in-depth the market tendencies and outlook coupled with the components driving the market, in addition to these hindering it.
- Enhance the choice-making course of by understanding the methods that underpin business curiosity with respect to merchandise, segmentation and trade verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Decorative Paints Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Decorative Paints Market – Key Market Dynamics
5.1 Drivers
5.1.1 Growth within the Construction Industry
5.1.2 High Demand of Water primarily based Paints.
5.2 Market Restraints
5.2.1 Hazardous Effects of Lead in Paints together with High price of Raw Material
5.3 Market Opportunities:
5.3.1 Rising focus over sustainability
5.4 Future Trends:
5.4.1 Technological development together with New Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Decorative Paints – Global Market Analysis
6.1 Decorative Paints Market Overview
6.2 Decorative Paints Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Competitive Positioning – Key Market Players
7. Global Decorative Paints Market Analysis – By Type
7.1 Overview
7.2 Global Decorative Paints Market Breakdown, By Type, 2019 & 2028
7.3 Water Based Decorative Paints
7.3.1 Overview
7.3.2 Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
7.4 Solvent Based Decorative Paints
7.4.1 Overview
7.4.2 Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
8. Global Decorative Paints Market Analysis – By Application
8.1 Overview
8.2 Decorative Paints Market Breakdown, By Application, 2019 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
8.4 Non-Residential
8.4.1 Overview
8.4.2 Non-Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
9. Decorative Paints Market Analysis – Geographical Analysis
10. Impact of COVID-19 Pandemic on Decorative Paints Market
10.1 Impact of COVID-19 on Decorative Paints Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Akzo Nobel N.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 The Sherwin-Williams Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Dow Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 PPG Industries, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 RPM International, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 Axalta Coatings Systems
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Nippon Paint
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Asian Paints
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Kansai
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
For extra details about this report go to https://www.researchandmarkets.com/r/ossmn7
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