Global Decorative Paints & Coatings Market to Rise at 5.8% CAGR through 2021, Expects in Its New Research Report Published at MarketPublishers.com
25 May 2017 • by Natalie Aster
LONDON – The world’s market for decorative paints and coatings is set to climb to 41,956.9 KT by 2021, exhibiting a 5.8% CAGR during 2017-2021. The market growth will be significantly encouraged by a number of driving forces, including remarkable uptake in the global construction industry, rising purchasing power, innovation and renewal of the infrastructure, mushrooming demand for mega cities construction, amid others.
Based on technologies, water-based decorative paints and coatings form the fastest-growing market segment. This segment is forecast to continue growing at the fastest pace through 2021, propelled by the enhancing demand for water-based paints and coatings, severe regulations regarding the VOC content. Higher eco-friendliness and lower VOC content of water-based paints and coatings in comparison with the solvent-based ones determine the boosting demand for the former.
Geography-wise, the APAC market is likely to grow at the fastest rate, majorly due to escalating urbanization, rising disposable incomes, developing construction industry and advancement in home reconstruction.
PPG Industries, Akzonobel N.V., Sherwin Williams, Masco Corporation, Nippon Paints, Jotun A/S and Asian Paints are only a few key companies in the global marketplace.
New research report “Decorative Paints & Coatings Market by Resin Type, Product Type, Technology, Application, and Region - Global Forecast to 2021” published by M&M covers the current situation in the marketplace and discloses reliable data on the market size, shares and dynamics, provides a detailed market segmentation analysis on the basis of types, technologies, applications and geography. It presents a thorough examination of the key market growth drivers and restraints, explores the ongoing and emerging trends. Moreover, the report delves into the competitive scenario, profiling 15 dominant market players, and uncovers relevant information on the latest product launches, partnerships, joint ventures, mergers and acquisitions. Besides, a future outlook through 2021 is at hand in the report.
Many other research reports by M&M are available in this catalogue at MarketPublishers.com.