Decorative Paints Market
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
Solvent based paints
By Formulation
Distemper
By Paint Type
Exterior Paints
By Sales Channel
Offline
By Price
Medium
Economical
By End Use
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:
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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Frequently Asked Questions
The decorative paints market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in decorative paints market.
The global decorative paints market is segmented on the basis of product type, formulation, paint type, sales channel, price, end use, and region.
some of the key participating players in the decorative paints market globally 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, among others.
