Global Decorative Paints Market Forecast to 2030 - COVID-19 Impact and Analysis by Resin Type (Acrylic Resin, Alkyd Resin, Vinyl Resin, Polyurethane Resin, Others); Technology (Waterborne Coatings, Solventborne Coatings, Powder Coatings); Coating Type (Interior, Exterior, Others); Sales Channel (Online and Offline); Application (Residential, Commercial); and Geography
Global Decorative Paints Market
Introduction
Decorative paints are liquids,
mixtures, or composites when applied on surfaces, get converted into a thin
film or layer. Decorative paints play a vital role in the construction and
architecture sector, where they are used to embellish the interiors and
exteriors of buildings with various finishes such as matte finish, eggshell,
and satin, gloss, and semi-gloss, etc. A rapid increase in urbanization along
with a high standard of living and increasing customer preferences for
depicting an architectural touch in residential buildings has bumped the demand
for decorative paints in the last few years. An increasing number of commercial
buildings and rocketing construction of skyscrapers are also expected to push
the demand for decorative paints in the coming years. However, the threat of
product substitution is anticipated to be a restraint to the global decorative
paints market and the use of nanotechnology paints which are powder-based and
coatings is anticipated to pose significant challenges to traditional
decorative paints manufacturers globally.
Global Decorative Paints Market
Overview
The global Decorative Paints
Market provides an in-depth analysis of segments and sub-segments, region, and
country analysis of the overall growth prospects in the market. The report
offers a complete overview of the industry, including both qualitative and
quantitative information. The Decorative Paints Market report covers a complete
analysis and provides market size and forecast estimation from the year 2017 to
2030 based on various segments and sub-segments with respect to four major
regions, including North America, Europe, Asia-Pacific (APAC), Latin America
& Middle East and Africa (LAMEA). The research report highlights underlying
factors such as the drivers, restraints, opportunities, and trends of the
global Decorative Paints Market over the long as well as short period of time.
Furthermore, the global Decorative Paints Market report offers PEST analysis, NOISE
analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value
chain analysis, Porter’s five forces analysis, and investment pocket analysis with
respect to the market. By examining the data collected from primary and
secondary methods, the report offers actionable insights into future growth based
on inputs from industry experts to help readers formulate effective strategies.
This information can help stakeholders to make appropriate decisions before
investing.
Global Decorative Paints Market Insights
The market study offers a
complete overview of leading companies and their successful marketing
strategies and market contribution, such as business overview, financial
information, SWOT analysis, and key strategies, such as recent developments,
market expansion, partnership, merger & acquisitions, product launch,
product update, and other contexts. Players operating in the global Decorative
Paints Market mainly focus on the adoption of various strategies to expand
their footprint across the world and take the initiative for the development of
innovative, efficient, and advanced products.
Market Mapping
Market mapping or perceptual
mapping is the graphical representation of where a brand, product, or service
stands among competitors. Market mapping analysis helps to understand the
client how their customers perceive their product offering with their competitors
for the Decorative Paints Market. By identifying their current products and
competitor products on the market map, the business can fill an identified gap
to compete with the competition actively. 
COVID-19 Impact on Global Decorative Paints Market
The COVID-19 pandemic has largely
impacted globally since December 2019. According to the World Health
Organization (WHO) report, the US, India, Russia, Brazil, Italy, France,
Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected
countries due to the COVID-19. The pandemic is hampering the growth of
economies worldwide, and it is likely to continue in 2021. The outbreak
disrupts various industries, such as manufacturing, construction, automotive,
textiles, chemicals, cosmetics, tourism, hospitality, consumer goods,
transportation, IT and telecom, pharmaceutical, and among others. This results
in several obstacles in the supply chain, resulting in demand-supply gaps. This
scenario is expected to have a large impact on the global Decorative Paints
Market.
With Corona Virus Disease 2019
(COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also
economic pandemic, almost impacting trillions of dollars of revenues. Our
company brings a high-level insight as well as very deep insights relevant to several
promising markets. The study will cover:
·
Rapid shifts in top 100 companies across each
sector
·
Growth and decline in each sector due to the COVID-19
pandemic
Global Decorative
Paints Market Segmentation
Global Decorative
Paints Market – by Resin Type
·
Acrylic Resin
·
Alkyd Resin
·
Vinyl Resin
·
Polyurethane Resin
·
Others
Global Decorative
Paints Market – by Technology
·
Waterborne Coatings
·
Solventborne Coatings
·
Powder Coatings
Global Decorative
Paints Market – by Coating Type
·
Interior
·
Exterior
·
Others
Global Decorative
Paints Market – by Sales Channel
·
Online
·
Offline
Global Decorative
Paints Market – by Application
·
Residential
·
Commercial
Global Decorative Paints Market – by Geography
·
North America
o US
o Canada
o Mexico
·
Europe
o Germany
o France
o Italy
o UK
o Russia
o Spain
o Netherlands
o Rest
of Europe
·
Asia-Pacific (APAC)
o China
o India
o South
Korea
o Japan
o Australia
o Singapore
o Rest
of APAC
·
LAMEA
o Latin
America
o Middle
East
o Africa
Key Players
2. Kansai
Paints
3. Arkema
4. BASF
5. Benjamin
Moore
6. Berger
Paints
7. DowDuPont
8. Masco
Corporation
9. DuluxGroup
10. NIPPON
PAINT
11. DAW
SE
12. Cromology.
Some of others include Dunn-Edwards
13. NOROO
Paint & Coatings
14. Nuplex
Industries
15. Ring
International
Brand Recall
Brand awareness is the methodology
by which customers are able to recall or recognize a brand (unaided/aided)
under several different conditions with respect to the market. These strategies
will help the company make people more aware of your brand, especially by
targeting relevant, high-quality audiences for the Decorative Paints Market.
Key Questions Answered
·
Which region provides more
business opportunities for the global Decorative Paints Market in the upcoming years?
·
Who is the leading overall Decorative Paints
Market, and what strategies have been adopted by them?
·
Which segment accounted for the largest Decorative
Paints Market share?
·
What are the upcoming trends in the global Decorative
Paints Market? What impact would these trends make in the coming years for the Decorative
Paints Market?
·
Which player offering the best product range for
the global Decorative Paints Market?
Key Benefits for Stakeholders
·
This study presents the analytical description
of the Decorative Paints Market analysis along with the current trends and
future estimations to describe coming up investment pockets
·
The complete Decorative Paints Market
opportunity is resolute by knowing profitable trends to gain a stronger
foothold
·
The report describes insights associated with
key drivers, restraints, opportunities, and trends of the global Decorative
Paints Market with thorough impact analysis
·
The global Decorative Paints Market is
quantitatively analyzed from 2017 to 2030 to focus on the monetary ability
·
PEST analysis defines the potency of the
consumers and suppliers in the global Decorative Paints Market
·
Porter’s five forces analysis examines the five
forces that make a competitive company while identifying its strength and
weakness. The analysis will also identify competition, new entrants in the
market, supplier power, buyer power, and threat of substitute products and
services in the global Decorative Paints Market
We offer customized reports as per the requirement of clients to
fulfill special requirements. We also provide regional and country reports as
well.