Decorative Coatings Market 2023 Industry Trends

Decorative Coatings Market 2023 Industry Trends, Segmentation, Latest Innovation, Sales Revenue by 2032

The Brainy Insights, a market research and analysis firm, is today
announcing its latest analysis of the global decorative coatings market.

Decorative Coatings Market According to the report, the global decorative
coatings market is expected to reach USD 99.66 billion by 2030, at a CAGR of
4.07% from 2022 to 2030. The market is driven by factors such as rapid
urbanization, increasing spending on the construction of residential and
commercial buildings, expanding infrastructure activities, and the emergence of
eco-friendly coatings. Additionally, the increasing popularity of eco-friendly
coatings among the end-users has witnessed rapid growth in recent years.
Commenting on the market growth, Avinsh D., Managing Director of Brainy
Insights Pvt. Ltd., said, “The massive and rising addressable population base
& rapidly increasing construction activities are expected to contribute to
the market for decorative coatings.

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Furthermore, the increasing popularity of eco-friendly coatings among the
end-users has been a major contributor to the growth of the decorative coatings
market. We are confident that the decorative coatings market will continue to
grow in the coming years.” The report further reveals that the global
decorative coatings market is segmented on the basis of resin type, substrate,
technology, and geography. On the basis of resin type, the market is segmented
into acrylic, polyurethane, alkyd, epoxy, chlorinated rubber, polyester, and
others. On the basis of the substrate, the market is segmented into wood,
metal, plastic, and others. Additionally, on the basis of technology, the
market is segmented into water-based, solvent-based, and powder coating. Based
on geography, the decorative coatings market is segmented into North America,
Europe, Asia Pacific, South America, and the Middle East & Africa. At
present, Asia Pacific is leading the market for decorative coatings, followed
by North America and Europe. The report projects that Asia Pacific will
continue to be at the forefront of the market during the forecast period due to
sustained growth in the construction and automotive sectors, coupled with
increasing investments to build infrastructure in the region.

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The global decorative coatings market is projected to reach USD 99.66
billion by 2030, driven by rapid urbanization, increasing spending on the
construction of residential and commercial buildings, expanding infrastructure
activities, and the emergence of eco-friendly coatings.

The Brainy Insights report is an in-depth analysis of the global decorative
coatings market and provides an in-depth look into the industry trends,
drivers, opportunities, and challenges. It offers an unbiased outlook on the
market trends and its future growth prospects.