The global market reports provided by The Business Research Company have been updated to incorporate the latest data on market sizing for the year 2023 and projections up to 2032.

 The global decorative coatings market size expanded from $82.68 billion in 2022 to $89.32 billion in 2023, indicating a compound annual growth rate (CAGR) of 8.0%. This trajectory is expected to persist, with the decorative coatings market projected to reach $113.83 billion in 2027 at a CAGR of 6.2%.

What will drive the decorative coatings market?

The driving force behind the growth of the decorative coatings market is the surge in urbanization on a global scale.

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Who are the major players in the market?
Key market players include PPG Industries Inc., AkzoNobel, Sherwin-Williams, Valspar, Asian Paints Ltd., Berger Paints Ltd., Cabot Corporation, and DAW SE.

Which trend is gaining popularity in the decorative coatings market?
An emerging trend taking root in the decorative coatings market is the rise of new product innovations. Prominent companies within the decorative coatings sector are focusing on pioneering advanced products to fortify their market presence.

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How is the decorative coatings market segmented?

Global Decorative Coatings Market Segments Include:

• By Product Type: Emulsion, Wood Coatings, Enamels, and Other Product Types
• By Resin Type: Acrylic, Alkyd, Vinyl, Polyurethane, and Other Resin Type
• By Formulation: Water Based, Solvent Based, Powder Based
• By Application: Residential, Non-Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global decorative coatings market in 2022.

The Decorative Coatings Global Market Report 2023  presents a comprehensive overview of the decorative coatings market, covering historic years (2010 – 2021) and projecting ten years into the future (2023 – 2032). The forecast delves into an in-depth analysis of the decorative coatings market size, market share, and the positions held by leading competitors.

Decorative coatings are applied to buildings and structures for protection, durability, and aesthetic purposes. These coatings, often referred to as architectural coatings, encompass paints and coatings that are designed for specific applications, such as safeguarding building walls against wear and tear.

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