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Decorative Paints Market Overview

The report is titled as ‘Decorative Paints Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Decorative Paints market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Decorative Paints market is expected to grow with significant rate in the near future.

In 2020, global decorative paints market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

Decorative Paints Introduction

Decorative painting can be understood as a comprehensive genre that surrounds various painting mediums and techniques used on a range of surfaces. The contemporary decorative painting comprises folk art, tole painting, and faux finishing. In the original form, tole painting is majorly referred to as decorative painting, especially on tin. Tole is basically a French word which means enameled or lacquered metalware. Contemporary decorative art is utilized on different surfaces, including plastic, wood, fabric, glass, and fiber board. There are some other possible surfaces such as porcelain, tiles, pottery, and ceramics. Decorative paints can be perceived as acrylic paints that are generally used when it is required to give unique textures and aesthetic designs in various interior and exterior applications. The artists and painters who do decorative painting utilize different specialty brushes, together with glazes, extenders, and gels, to give unique and special effects. The contemporary painting does not comprise as much stroke work as the conventional or traditional folk art. Some of the common subjects of decorative paintings include flowers, fruits, animals, people, birds, and scenery.

As a matter of fact, decorative painting is somewhat simple to learn, and thereby pretty popular. The increased standard of living of people all across the world and thus, increased aesthetic appeal, worldwide, is projected to majorly boost the demand of decorative paints across the global markets. Thus, the global decorative paints market is projected to witness significant growth over the years

Decorative Paints Market Segmentation

The global decorative paints market is segmented on the basis of product type, formulation, paint type, sales channel, price, end use, and region.

By Product Type

Water based paints

Solvent based paints

By Formulation

Emulsion based paints

Distemper

By Paint Type

Interior Paints

Exterior Paints

By Sales Channel

Online

Offline

By Price

Premium

Medium

Economical

By End Use

Residential

Non-residential

By Region

               North America

               Latin America

               Europe

               Asia Pacific

               Middle East

               Africa

Decorative Paints Market Key Players

Some of the key participating players in global Decorative Paints market are:

THE SHERWIN-WILLIAMS COMPANY

PPG INDUSTRIES INC.

AKZONOBEL N.V.

BASF SE

ASIAN PAINTS LIMITED

KANSAI PAINT CO., LTD.

NIPPON PAINT HOLDINGS CO. LTD.

Axalta

JOTUN A/S

HEMPEL A/S

DAW SE

DuluxGroup Limited

DIAMOND-VOGEL PAINT COMPANY

BENJAMIN MOORE & CO.

BRILLUX GMBH & CO. KG

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Decorative Paints

Advantages of Decorative Paints

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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