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    Breaking News

    Decorative Paints and Coatings Market Expected to be Worth $114.72 Billion by 2021

    ...

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    05.05.17
    The report "Decorative Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Polyurethane), Product Type (Emulsion, Enamel, Wood Coating), Technology (Water-Based, Solvent-Based), Application (Residential, Non-Residential), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from USD 87.06 Billion in 2016 to USD 114.72 Billion by 2021, at a CAGR of 5.7% from 2016 to 2021.

    The growth of the decorative paints & coatings market is mainly attributed to the expansion of the construction industry. This industry is anticipated to witness significant growth during the forecast period, due to rise in infrastructural developments, increase in population, and rise in standard of living.

    Based on application, the residential segment is the fastest-growing application segment of the decorative paints & coatings market. This growth is mainly attributed to the increase in residential construction activities and the rise in home ownership rates in emerging markets. The residential segment of the decorative paints & coatings market has been further classified into new construction/new paint and reconstruction/repainting. New painting activities are mainly associated with newly build residential constructions, whereas, repainting/reconstruction activities are associated with offering a new look to an old and dilapidated building.

    Based on resin type, the acrylic segment is projected to grow at the highest CAGR during the forecast period, due to their chemical characteristics and unique aesthetic properties. These resins encompass properties such as durability, exceptional weather ability, waterproofing, and excellent electrostatic characteristics. Acrylics are available as emulsions (latex), lacquers, enamels, and powders. In addition, acrylic-based paints possess good color and gloss retention, along with durability and protection from degradation.
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    • Breaking News | Distributor News
      KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER

      KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER

      KRAHN Chemie and Sekisui Kasei agree on the partnership for the distribution of TECHPOLYMER for paints and coatings in Spain and Portugal.
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    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income

      AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income

      Revenue was €2,511 million, up 26%, mainly due to strong end market demand.
      07.21.21

    • Breaking News | Market Reports
      BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years

      BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years

      The first five months of 2021 have delivered excellent sales results in both decorative and industrial coatings.
      07.09.21

      Trending
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      Breaking News
      • PPG Sets Goals to Reduce Greenhouse Gas Emissions, Unveils 2021 ESG Report
      • Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022
      • BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe
      • Nouryon Issues 2021 Sustainability Report
      • PPG’s Diane Kappas Recognized as ‘Woman of Influence’ by Pittsburgh Business Times
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
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