Decorative Paints & Coatings Market

Decorative Coatings Market Forecasted to Increase by $91.6 Billion in 2026| PPG Industries Inc, AkzoNobel N.V, The Sherwin-Williams Company, BASF SE, Asian Paints Limited and Others

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The Decorative Coatings market is projected to grow from USD 71.3 Billion in 2021 to USD 91.6 Billion by 2026, at a CAGR of 5.1% between 2021 and 2026. APAC is estimated to be the largest consumer of Decorative Coatings. The global Decorative Coatings market is driven by the growing demand for environmentally-friendly coating systems.

The residential sector has the largest market share of Decorative Coatings by Application segment. Economic growth and higher incomes in the last few years have resulted in the construction of several new houses and the remodeling of old ones. Decorative coatings for residential construction applications include new paint and repainting. These coatings mainly include architectural and functional products, such as paints, stains, lacquers, primers, and cleaners. Decorative coatings are used in both interior and exterior applications in the residential sector. Repainting is associated with giving a new look to an old or worn-out interior and exterior of constructions.

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COVID-19 Impact Analysis on Decorative Coatings Market- Exclusive Report by MarketsandMarkets™

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The report "Decorative Coatings Market Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solvent-borne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential), and Region - Global Forecast to 2026" The Decorative Coatings market size is projected to reach USD 91.6 Billion by 2026.The market size for Decorative Coatings is projected to grow from USD 71.3 Billion in 2021 to USD 91.6 Billion in 2026, at a CAGR of 5.1%. Growing demand for Decorative Coatings from the construction industry drives the market.

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Water-borne technology is the fastest-growing segment of the overall Decorative Coatings market.

Decorative Coatings Market Set to Cross US$ 91.6 Billion by 2026- Exclusive Report by MarketsandMarkets™

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The Decorative Coatings market is projected to grow from USD 71.3 Billion in 2021 to USD 91.6 Billion by 2026, at a CAGR of 5.1% between 2021 and 2026. APAC is estimated to be the largest consumer of Decorative Coatings. The global Decorative Coatings market is driven by the growing demand for environmentally-friendly coating systems.

Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56221086

The main technology type used for decorative coatings is waterborne technology, which accounted for 76.0% of the overall market, in terms of value, in 2020. The market for conventional solvent-borne coatings has lost its dominance due to the growing use of solvent-free coatings. . This trend is due to various rules and legislation. Greater emphasis is given on higher functionality coating for both interiors as well as exterior applications. For the exterior, aesthetic appearance and sustainability are maximized, along with durability for asset protection through polymer design improvements and properties such as dirt pickup resistance, which is critical in countries with higher levels of pollution in tropical climates. For the interior segment, the trend is toward waterborne coatings where advanced polymer systems are formulated into a low odor, low-VOC coatings with low odor thresholds.

Waterborne technology Technology to be the Biggest Contributor in Decorative Coatings Market Growth, MarketsandMarkets™

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The report "Decorative Coatings Market Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solvent-borne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential), and Region - Global Forecast to 2026" The Decorative Coatings market size is projected to reach USD 91.6 Billion by 2026.The market size for Decorative Coatings is projected to grow from USD 71.3 Billion in 2021 to USD 91.6 Billion in 2026, at a CAGR of 5.1%. Growing demand for Decorative Coatings from construction industry to drive the market.

Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56221086

Water borne technology is the fastest-growing segment of the overall Decorative Coatings market.