The global decorative coatings market is expected to grow from US $67 billion in 2020 to US $82.4 billion in 2025, With a compound annual growth rate of 4. 2%

 Decorative coatings are mainly used to cover buildings and house decoration. Most decorative coatings are specifically designated for certain purposes, for example, they can be classified as : roof coatings, wall coatings or deck finishes. No matter how it is used, every kind of coating covering must have certain decoration, firmness and protection.

 Decorative coatings can also help objects achieve a longer service life. These coatings have a far-reaching impact on improving the service life and utilization rate of plates and meeting personal aesthetic or commercial value Important types of resins used in these coatings include alkyd, acrylic, polyurethane and more similar types As the name suggests, these paints are usually used for decoration. However exterior decorative coatings can protect buildings from different natural conditions These coatings are used in household appliances, With more significant appearance modification and corrosion resistance

 Market driving force

 With the improvement of surface mechanical strength and appearance performance of architectural decorative coatings, it can help buildings to be protected from adverse weather and conditions(such as ultraviolet radiation ,abnormal temperature, corrosive torrential rain and harmful particles). People are increasingly interested in architectural decorative coatings, which will promote the development of the market. In addition, high quality features, such as moisture, consumption, UV radiation, microorganism and thermal barrier, make the global decorative coatings business grow continuously during this period(2020-2025)

 In the emerging economies of China and India, there is an increasing interest in environmentally friendly Waterborne coatings, which will effectively promote the development of the industry. There are more and more partnerships between major market players and local producers in the Asia Pacific region

 In addition, infrastructure improvements in these economies coupled with increased spending by the Indian and Chinese governments on current financial plans, have contributed to significant growth in the decorative coatings industry. Innovative developments, including: nano-tio2 photo catalyst, green coatings and technologies to reduce drying time, are considered to speed up development within a specified time frame

 These regions will become catalysts for market development in the next seven years by expanding R& D investment and continuous product improvement to improve the efficiency and shelf life of products. In addition, depending on different organizations, the development of new water-based coatings with various innovative formulations also endows decorative coatings with antibacterial and deodorizing properties. In the next few years, the investment in market development will be expanded. At the same time, the combination of Nano coatings and green coatings will promote the market development in the next seven years.

Market restrictions 

According to the analysis, the development of the industry is also limited by the cost of various raw materials, including alkyd, epoxy, acrylic acid and titanium dioxide. In addition, it is expected that the destructive impact of solution based coatings on the environment will be a major market challenge in the next seven years .

Market segmentation

1.Technical insights

Due to the excellent adhesion, thermal barrier and wear resistance of solvent based coatings, the annual compound growth rate of production from 2019 to 2024 is 6.5%。 In addition, due to its priority position in the solvent, including less harmful, less combustible and can reduce gas emissions, people pay more attention to it. It is worth noting that solvent based coatings contain volatile organic compounds and harmful air pollutants HAP)(including toluene, ethylbenzene, xylene and methyl ethyl ketone)and are expensive, so they may lose a certain market share during the speculation period. By 2022, the demand for solvent based coatings is expected to be 71 million tons

 2. Product insights 

Emulsion is the largest subdivision in 2018, accounting for more than 35% of the market share, and its key development is due to its low VOC and VAC content. At the same time. the characteristics of non flammability and simple follow-up treatment make it get attention in speculated time.

3. Application insight

 It is estimated that due to the increase of government funding the rapid increase of population density and the continuous development of infrastructure, the rising trend of DIY among buyers is expected to improve the utilization rate of decorative coatings in residential applications in the next seven years

 4. Regional insights

 The global decorative coatings market covers North America, Asia Pacific. South America, Middle East, Africa and Europe. Among them, the Asia Pacific coatings market is estimated to be US $20.23 billion, which controls the global market in terms of quantity and value. With the economic growth of China, India, Indonesia, South Korea and Thailand, this pattern will continue With the development of local manufacturers and the expansion of infrastructure, China is expected to drive regional Interests

 The Middle East and other countries have a considerable development momentum, with a compound annual growth rate of more than 6% from 2019 to 2024. This is mainly due to the recovery of the financial industry in the United Arab Emirates and Qatar, the development of the real estate system and the expansion of infrastructure risks, which promote the increase of development activities.

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