Global Decorative Coatings Market Status and Prospect, Forecast 2018 to 2026
Posted by Andreas Winkler on March 6th, 2018
Decorative coatings are liquid paints available in vibrant colors and are applied to interior or exterior structure of building. Selection of decorative paint depends on the climate conditions. Decorative coatings are mainly applied for decorative and protective purpose such as avoiding cracks, water leakage, protection from fungus and algae, moisture, bacteria, UV radiation and specifically for temperature maintenance.
Growing construction industry (https://marketresearch.biz/report/decorative-coatings-market/) in developing countries owing to government initiatives towards infrastructural development, growth of commercial spaces, and increasing disposable income are key factors driving growth of the global decorative coatings market. In addition, high investments focusing to offer cost-effective, high performance multi-functionality decorative coatings is another factor expected to drive growth of the global decorative coatings market over forecast period.
Stringent regulations on the production of decorative coatings which use harmful VOC chemicals can cause adverse effects on environment and people is a key factor restraining growth of the global decorative coatings market. Additionally, fluctuation in raw material prices is expected to hamper growth of the global decorative coatings market over forecast period.
Nonetheless, new construction activities and repainting of existing buildings is expected to be potential opportunity for key players in the global decorative coatings market over forecast period.
The global decorative coatings market report has been segmented on the basis of resin type, product type, technology, application, and region. On the basis of region, the global decorative coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Do Inquiry of the Report Here: https://marketresearch.biz/report/decorative-coatings-market/#inquiry
The market in Asia Pacific is expected to witness the fastest growth in terms of revenue, due to high construction activities, increased disposable income, and growing population in the region followed by markets in Middle East & Africa. The market in North America is expected to witness growth with steady CAGR, owing to steadily growing construction activities in the region.
Prominent players in the global decorative coatings market include BASF SE, Arkema S.A., Solvay SA, E. I. du Pont de Nemours and Company, Akzo Nobel N.V., PPG Industries, Inc., DuluxGroup Ltd., The Dow Chemical Company, The Sherwin-Williams Company, and PPG Asian Paints Private Limited.
Prudour Pvt. Ltd. (https://marketresearch.biz) is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. Prudour Pvt. Ltd. offers services such as data mining, information management, and revenue enhancement solutions and suggestions.
Prudour Pvt. Ltd. 420 Lexington Avenue, Suite 300 NY
10170 New York City
Phone: +1 347 826 1876