Decorative Paints Market Size and Industry Analysis to 2028
The decorative paints market was valued at US$ 74,091.54 million in 2019 and is projected to reach US$ 121,531.91 million by 2028; it is expected to grow at a CAGR of 5.7% from 2020 to 2028.
Decorative paints are defined as acrylic paints that help impart aesthetic designs and distinctive textures in interior and exterior applications. The demand for decorative paints is rising due to the changing consumer living patterns and growing focus on the appearance of home, office, complexes, and other such spaces. With the growth of the paints industry, the application of decorative paints in infrastructural and architectural sector has been recognized as they help embellish both exterior and interior spaces of a building. Such paints are embedded with matte finish along with eggshell, gloss, or satin finish and much more, which helps them provide unique artistic pieces. Additionally, decorative paints are known for their various functional characteristics such as light absorption and reflection, heat insulation, and low volatile organic compounds emission.
The decorative paints market in Europe is expected to grow at the highest rate during the forecast period. The rise in the number of infrastructure projects, due to the increasing investments and economic recovery, drives the demand for decorative paints in the region. The construction practices and pavement design mostly require high-quality materials to meet various infrastructure standards. Increasing demand for better living standards from a new middle-class population has a positive effect on the adoption of decorative paints. Architectural paints consumed and produced in Western Europe are nearly exclusively medium to premium products, as the consumer interest in home decoration remains high. Also, economical products have traditionally been popular in Russia and Central Eastern Europe. The increasing consumption of paint is historically correlated with the rising standard of living. Currently, the decorative paints market in Western Europe is relatively mature, and sales are anticipated to increase moderately. In addition, in Central Eastern Europe and the CIS countries, the current decorative paint consumption per capita is notably lower than in western Europe.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Decorative Paints Market: Strategic Insights
Market Size Value in US$ 74,091.54 Million in 2019 Market Size Value by US$ 121,531.91 Million by 2028 Growth rate CAGR of 5.7% from 2020-2028 Forecast Period 2020-2028 Base Year 2020
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Decorative Paints Market: Strategic Insights
| Market Size Value in | US$ 74,091.54 Million in 2019 |
| Market Size Value by | US$ 121,531.91 Million by 2028 |
| Growth rate | CAGR of 5.7% from 2020-2028 |
| Forecast Period | 2020-2028 |
| Base Year | 2020 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Decorative Paints Market
The ongoing COVID-19 outbreak pandemic has drastically altered the status of the chemical industry and hindered the growth of the decorative paints market. The crisis has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. In addition, decorative paints are majorly utilized in construction applications; thus, halt in such activities due to the pandemic has declined the demand for decorative paints. For instance, the construction activities across India have indeed taken a massive hit due to lockdown and the restrictions under COVID-19 crisis. As per the latest update by the Statistics Ministry in India, the construction projects are running behind the schedule by an average of 3.5 years. Moreover, the cost of nearly 1,682 ongoing infrastructure projects has surged by US$ 54 trillion. The halt in the construction activities in various countries and limitations on the raw material supply due to disruptive value chain are also restraining the growth of the market. However, as the economies are planning to revive their operations, the demand for decorative paints is expected to rise globally in the coming months. Although the focus over just in time production is another concerning factor hindering market growth. With the growing focus over developing economy in post-pandemic times, the demand for decorative paints is expected to take huge leaps due to expanding application bases. Further, positive measures undertaken by government along with distributed generations and incorporation of advanced technology is yet another factor expected to bolster market growth during the forecast period.
Market Insights
Growing Construction Industry
Construction is one of the most dynamic industrial sectors, which are significantly related to the evolution of better societies across the world. With the rise in disposable income along with shift in lifestyle and change in working demographics, the need for better residential and commercial spaces, and architectural facilities have risen, which is driving the growth of the construction industry. The growth of global decorative paints market is driven by increasing government expenditure on the construction sector coupled with recovering labor market, strong credit growth, and positive measures undertaken by government. The growth in residential and commercial sector along with new renovation activities promotes the demand for decorative paints.
Type Insights
Based on type, the decorative paints market is bifurcated into water based and solvent based. The water-based segment accounted for a larger market share in 2019. Water based decorative paints contain 80% water content as a solvent. These paints are mostly used due to their properties such as low VOC emissions. The demand for water-based decorative paint is increasing due to the rising spending on construction and restoration activities. Pigments, surfactants, synthetic resins, and additives are the mostly used raw materials in the manufacturing process of water-based decorative paints. A water-based decorative paint is very quick to dry, is easy to clean up, and does not have harsh odor like oil paints. The paints are available in two types – Latex and acrylic. Both of these paints are used to paint spaces, homes, and structures. Acrylic paint provides better durability, resilience, and adhesions. Latex paint basically provides greater coverage than the acrylic paint; it is more eco-friendly and less expensive as well. Water-based decorative paints provide durability and color retention, and they are versatile, which means the paint can be used for a variety of substances such as brick, concreter, wood, aluminum siding, and vinyl siding.
Application Insights
Based on application, the decorative paints market is bifurcated into residential and non-residential. The residential segment accounted for a larger market share in 2019, and the non-residential segment is expected to register a higher CAGR in the market during the forecast period. Residential application basically includes painting of the interiors as well as exteriors of houses or residences. Decorative paints are used for residence purposes as it provides an aesthetic appeal to the walls and other surfaces and helps enhance the appeal. The residential sector is growing as there is an increase in the residential construction across South and Central America. The rise in the per capita income has led to an increase in the home ownerships, which is propelling the demand for decorative paintings for residential purpose. The rapid urbanization in this region is also going to drive the decorative paints market growth in the coming years.
A few players operating in the decorative paints market are 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 key companies adopt mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
Decorative Paints Market Report Scope
Report Spotlights
- Progressive industry trends in the decorative paints market to help players develop effective long-term strategies.
- Business growth strategies adopted by developed and developing markets.
- Quantitative analysis of the decorative paints market from 2018 to 2028
- Estimation of global demand for decorative paints
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry.
- Recent developments to understand the competitive market scenario.
- Market trends and outlook as well as factors driving and restraining the growth of the decorative paints market.
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth.
- The size of the decorative paints market size at various nodes
- Detailed overview and segmentation of the market, as well as the decorative paints industry dynamics
- Size of the decorative paints market in various regions with promising growth opportunities
Decorative Paints Market, by Type
- Water Based
- Solvent Based
Decorative Paints Market, by Application
- Residential
- Non-Residential
Company Profiles
- Nippon Paint
- Akzo Nobel N.V.
- BASF SE
- Dow Inc.
- Axalta Coating Systems
- Asian Paints
- PPG Industries Inc.
- RPM International Inc
- Kansai
- The Sherwin-Williams
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the water based segment is primarily attributed to surging demand for water based decorative paint has increased due to the rise in the spending on construction and restoration activities. Pigments, surfactants, synthetic resins, and additives are mostly the raw materials which are used in the manufacturing process of water based decorative paints. Water based decorative paint dries very quickly, cleaning up is easy and does not have harsh odor like oil paints.
The major players operating in the global decorative paints market are 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 and among others.
In 2019, the decorative paints market was dominated by Europe region at the global level. The largest market share of the Asia Pacific region is primarily attributed to the rising focus on infrastructural development in countries like China, Japan, and India. The government of developing countries, especially India, is investing heavily in infrastructure development, such as buildings and other physical structures.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Decorative Paints Market, by Type
1.3.2 Decorative Paints Market, by Application
1.3.3 Decorative Paints Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
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 in the Construction Industry
5.1.2 High Demand of Water based Paints.
5.2 Market Restraints
5.2.1 Hazardous Effects of Lead in Paints along with High cost of Raw Material
5.3 Market Opportunities:
5.3.1 Rising focus over sustainability
5.4 Future Trends:
5.4.1 Technological advancement along 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
9.1 Overview
9.2 North America: Decorative Paints Market
9.2.1 North America: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
9.2.2 North America: Decorative Paints Market, by Type
9.2.3 North America: Decorative Paints Market, by Application
9.2.4 North America: Decorative Paints Market, by Key Country
9.2.4.1 US: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.2.4.1.1 US: Decorative Paints Market, by Type
9.2.4.1.2 US: Decorative Paints Market, by Application
9.2.4.2 Canada: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.2.4.2.1 Canada: Decorative Paints Market, by Type
9.2.4.2.2 Canada: Decorative Paints Market, by Application
9.2.4.3 Mexico: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.2.4.3.1 Mexico: Decorative Paints Market, by Type
9.2.4.3.2 Mexico: Decorative Paints Market, by Application
9.3 Europe: Decorative Paints Market
9.3.1 Europe: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
9.3.2 Europe: Decorative Paints Market, by Type
9.3.3 Europe: Decorative Paints Market, by Application
9.3.4 Europe: Decorative Paints Market, by Key Country
9.3.4.1 Germany: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.1.1 Germany: Decorative Paints Market, by Type
9.3.4.1.2 Germany: Decorative Paints Market, by Application
9.3.4.2 France: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.2.1 France: Decorative Paints Market, by Type
9.3.4.2.2 France: Decorative Paints Market, by Application
9.3.4.3 Italy: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.3.1 Italy: Decorative Paints Market, by Type
9.3.4.3.2 Italy: Decorative Paints Market, by Application
9.3.4.4 UK: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.4.1 UK: Decorative Paints Market, by Type
9.3.4.4.2 UK: Decorative Paints Market, by Application
9.3.4.5 Russia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.5.1 Russia: Decorative Paints Market, by Type
9.3.4.5.2 Russia: Decorative Paints Market, by Application
9.3.4.6 Rest of Europe: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.3.4.6.1 Rest of Europe: Decorative Paints Market, by Type
9.3.4.6.2 Rest of Europe: Decorative Paints Market, by Application
9.4 APAC: Decorative Paints Market
9.4.1 APAC: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
9.4.2 APAC: Decorative Paints Market, by Type
9.4.3 APAC: Decorative Paints Market, by Application
9.4.4 APAC: Decorative Paints Market, by Key Country
9.4.4.1 Australia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.1.1 Australia: Decorative Paints Market, by Type
9.4.4.1.2 Australia: Decorative Paints Market, by Application
9.4.4.2 China: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.2.1 China: Decorative Paints Market, by Type
9.4.4.2.2 China: Decorative Paints Market, by Application
9.4.4.3 India: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.3.1 India: Decorative Paints Market, by Type
9.4.4.3.2 India: Decorative Paints Market, by Application
9.4.4.4 Japan: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.4.1 Japan: Decorative Paints Market, by Type
9.4.4.4.2 Japan: Decorative Paints Market, by Application
9.4.4.5 South Korea: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.5.1 South Korea: Decorative Paints Market, by Type
9.4.4.5.2 South Korea: Decorative Paints Market, by Application
9.4.4.6 Rest of APAC: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.6.1 Rest of APAC: Decorative Paints Market, by Type
9.4.4.6.2 Rest of APAC: Decorative Paints Market, by Application
9.5 Middle East & Africa (MEA): Decorative Paints Market
9.5.1 MEA: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
9.5.2 MEA: Decorative Paints Market, by Type
9.5.3 MEA: Decorative Paints Market, by Application
9.5.4 MEA: Decorative Paints Market, by Key Country
9.5.4.1 South Africa: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.5.4.1.1 South Africa: Decorative Paints Market, by Type
9.5.4.1.2 South Africa: Decorative Paints Market, by Application
9.5.4.2 Saudi Arabia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.5.4.2.1 Saudi Arabia: Decorative Paints Market, by Type
9.5.4.2.2 Saudi Arabia: Decorative Paints Market, by Application
9.5.4.3 UAE: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.5.4.3.1 UAE: Decorative Paints Market, by Type
9.5.4.3.2 UAE: Decorative Paints Market, by Application
9.5.4.4 Rest of MEA: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.5.4.4.1 Rest of MEA: Decorative Paints Market, by Type
9.5.4.4.2 Rest of MEA: Decorative Paints Market, by Application
9.6 SAM: Decorative Paints Market
9.6.1 SAM: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
9.6.2 SAM: Decorative Paints Market, by Type
9.6.3 SAM: Decorative Paints Market, by Application
9.6.4 SAM: Decorative Paints Market, by Key Country
9.6.4.1 Brazil: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.6.4.1.1 Brazil: Decorative Paints Market, by Type
9.6.4.1.2 Brazil: Decorative Paints Market, by Application
9.6.4.2 Argentina: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.6.4.2.1 Argentina: Decorative Paints Market, by Type
9.6.4.2.2 Argentina: Decorative Paints Market, by Application
9.6.4.3 Rest of SAM: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
9.6.4.3.1 Rest of SAM: Decorative Paints Market, by Type
9.6.4.3.2 Rest of SAM: Decorative Paints Market, by Application
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
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 3. North America Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 4. US Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 5. US Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 6. Canada Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 7. Canada Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 8. Mexico Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 9. Mexico Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 10. Europe Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 11. Europe Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 12. Germany Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 13. Germany Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 14. France Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 15. France Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 16. Italy Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 17. Italy Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 18. UK Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 19. UK Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 20. Russia Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 21. Russia Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 22. Rest of Europe Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 23. Rest of Europe Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 24. APAC Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 25. APAC Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 26. Australia Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 27. Australia Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 28. China Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 29. China Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 30. India Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 31. India Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 32. Japan Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 33. Japan Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 34. South Korea Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 35. South Korea Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 36. Rest of Asia Pacific Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 37. Rest of Asia Pacific Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 38. MEA Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 39. MEA Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 40. South Africa Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 41. South Africa Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 42. Saudi Arabia Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 43. Saudi Arabia Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 44. UAE Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 45. UAE Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 46. Rest of MEA Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 47. Rest of MEA Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 48. SAM Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 49. SAM Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 50. Brazil Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 51. Brazil Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 52. Argentina Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 53. Argentina Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 54. Rest of SAM Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 55. Rest of SAM Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 56. Glossary of Terms, Global Decorative Paints Market
LIST OF FIGURES
Figure 1. Decorative Paints Market Segmentation
Figure 2. Decorative Paints Market Segmentation – By Geography
Figure 3. Global Decorative Paints Market Overview
Figure 4. Residential Segment Held Largest Share of Global Decorative Paints Market
Figure 5. Asia Pacific Region Held Largest Share of Global Decorative Paints Market
Figure 6. Global Decorative Paints Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Decorative Paints Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Decorative Paints Market
Figure 15. Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Global Decorative Paints Market Breakdown, By Type, 2019 & 2028
Figure 17. Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 18. Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 19. Decorative Paints Market Breakdown, By Application, 2019 & 2028 (%)
Figure 20. Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 21. Railroad Stabilization: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 22. Global Decorative Paints Market Revenue Share, by Region (2019 and 2028)
Figure 23. North America: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. North America: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 25. North America: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 26. North America: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 27. US: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Canada: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 29. Mexico: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 30. Europe: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 31. Europe: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 32. Europe: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 33. Europe: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 34. Germany: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 35. France: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 36. Italy: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 37. UK: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 38. Russia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 39. Rest of Europe: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 40. APAC: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 41. APAC: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 42. APAC: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 43. APAC: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 44. Australia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 45. China: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 46. India: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 47. Japan: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 48. South Korea: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 49. Rest of APAC: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 50. MEA: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 51. MEA: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 52. MEA: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 53. MEA: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 54. South Africa: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 55. Saudi Arabia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 56. UAE: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 57. Rest of MEA: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 58. SAM: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 59. SAM: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 60. SAM: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 61. SAM: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 62. Brazil: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 63. Argentina: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 64. Rest of SAM: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 65. Impact of COVID-19 Pandemic in North American Country Markets
Figure 66. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 67. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 68. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 69. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Decorative Paints Market
- Nippon Paint
- Akzo Nobel N.V.
- BASF SE
- Dow Inc.
- Axalta Coating Systems
- Asian Paints
- PPG Industries Inc.
- RPM International Inc
- Kansai
- The Sherwin-Williams
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Decorative Paints Market
May 2021
Plastic Pipes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Corrugated (Single-Wall and Multi-Wall) and Smoothwall], Material Type (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), Application (Water Supply, Sewage and Drainage, Irrigation, Gas Distribution, and Others), End-Use Industry (Construction and Infrastructure, Water and Wastewater Management, Oil and Gas, and Others), and Geography
May 2021
Nonwovens for Energy Applications Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography
May 2021
Hot Melt Adhesives Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others), and Geography
May 2021
Cosmetic Preservatives Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Source (Natural and Synthetic), Product Type (Parabens, Formaldehyde Releasers, Organic Acids, Quaternary Compounds, Phenol Derivatives, Alcohols, and Others), Application (Hair Care, Skin Care, Makeup Products, Toiletries, Perfumes and Deodorants, and Others), and Geography
May 2021
Sealants Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Silicone Sealants, Polyurethane Sealants, Acrylic Sealants, Polysulfide Sealants, Butyl Sealants, Hybrid Sealants (Silane Modified Polymer Sealants, Polyurethane Modified Acrylic Sealants, and Others), and Others], Application (Waterproofing, Insulation, Bonding and Sealing, Soundproofing, and Others), End-Use Industry (Building & Construction, Automotive, Electronics, Healthcare, Aerospace & Defense, Marine, Energy & Power, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
May 2021
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
May 2021
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
Get Free Sample For