Decorative Coatings Market Will Grow USD 84 Billion by 2026
According to the report, The global Decorative Coatings market in 2019 was approximately USD 68 Billion. The market is expected to grow above a CAGR of 4.4% and is anticipated to reach over USD 84 Billion by 2026.
Decorative coatings are the paints used for improving and preserving the structure’s internal or exterior surface. This can be extended to apartments, houses, shaves and moldings. Decorative coatings also available in different attractive colors that give the walls or any application the well-finished look. These are used primarily for decorative purposes but also to protect the surface against water absorption, fungi and plankton, oxidation and UV exposure. Wall paints, wood finishes and enamel products are used in these types of coatings.
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The Decorative Coatings market research report delivers an acute valuation and taxonomy of the Decorative Coatings industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The Decorative Coatings market is segmented based on type, technology and region. On the basis of type segmentation, the market is classified into Acrylic, Alkyd, Vinyl, Polyurethane, Others. Based on technology, the marke is bifurcated into Waterborne, Solventborne , and Powder Coating.
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Some of the essential players operating in the Kansai Paint Co. Ltd., AkzoNobel Coatings NV, Sherwin-Williams Co., DuPont Coatings and Color, Technologies Group, ICI Paints, BASF Coatings AG, Dow Coating Materials., PPG Industries Inc., Hempel A/S, The Valspar Corporation, Ashland Inc., RPM International Inc., and Others.
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