Decorative Paints Market Size and Industry Analysis to 2028

    Decorative Paints Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Water Based and Solvent Based) and Application (Residential and Non-Residential)

    Publication Month: May 2021 | Report Code: TIPRE00015887 | No. of Pages: 151 | Category: Chemicals and Materials | Status: Published

    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.

    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.

    Decorative Paints Market Breakdown –by Region, 2019

    Decorative Paints Market Breakdown –by Region, 2019

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    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.

    Decorative Paints Market, by Type – 2019 and 2028

    Decorative Paints Market, by Type – 2019 and 2028

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    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.

    Strategic Insights

    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.

    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

    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

    1. Nippon Paint
    2. Akzo Nobel N.V.
    3. BASF SE
    4. Dow Inc.
    5. Axalta Coating Systems
    6. Asian Paints
    7. PPG Industries Inc.
    8. RPM International Inc
    9. Kansai
    10. The Sherwin-Williams
    • Highlights key business priorities in order to assist companies to realign their business strategies.

    • The key findings and recommendations highlight crucial progressive industry trends in the global decorative paints market, thereby allowing players to develop effective long-term strategies.

    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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    Frequently Asked Questions

    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.
    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.

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