Decorative Paints Market is projected to expand at a steady CAGR over the forecast by 2031 | Nippon Paint, Akzo Nobel N.V., BASF SE, Dow Inc., Axalta Coating Systems

Global Decorative Paints report from Global Insight Services is the single authoritative source of intelligence on Decorative Paints market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Decorative paints are usually used to add color or pattern to walls, ceilings, or floors. They can be used to create a variety of looks, from simple and elegant to bold and dramatic. Decorative paints can be applied in a number of ways, including painting, sponging, stenciling, and even decoupage.

Key Trends

Some key trends in decorative paint technology include the development of water-based and low-VOC (volatile organic compound) paints, the use of nanotechnology to create self-cleaning and anti-bacterial surfaces, and the incorporation of light-emitting diodes (LEDs) into the paint to create illuminated surfaces.

Water-based and low-VOC paints are becoming increasingly popular due to their lower environmental impact and improved health and safety profile. Nanotechnology is being used to create self-cleaning and anti-bacterial surfaces, which are ideal for use in high-traffic areas such as hospitals and schools. LEDs are being incorporated into the paint to create illuminated surfaces that can be used for decorative or functional purposes.

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Market Segments

The Decorative Paints Market is segmented by type, application, and region. By type, the market is divided into water based and solvent based. Based on application, it is bifurcated into residential and non-residential. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Decorative Paints Market includes players such as Nippon PaintAkzo Nobel N.V.BASF SEDow Inc.Axalta Coating SystemsAsian PaintsPPG Industries Inc.RPM International Inc.Kansai, and The Sherwin-Williams.

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Key Drivers

Some key drivers of the decorative paints market are the increasing population, rapid urbanization, and the growing construction industry. Other drivers include the increasing disposable incomes, the changing lifestyles of consumers, and the growing preference for eco-friendly and sustainable products.

The North American region is expected to be the second-largest market for decorative paints, owing to the growing preference for eco-friendly and sustainable products.

The construction industry is the major end-use industry for decorative paints. The growth of the construction industry is expected to drive the growth of the decorative paints market. The residential construction sector is expected to be the largest contributor to the growth of the decorative paints market. The growing population and the changing lifestyles of consumers are expected to drive the growth of the residential construction sector.

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