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New York, According to a new market research report published by Global Insight Services “Decorative Coatings Market” is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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A decorative coating is a paint, lacquer, varnish, or other similar material that is applied to a surface for purposes of decoration and protection. Decorative coatings are typically applied to walls, ceilings, floors, and other surfaces in both residential and commercial settings.
There are a wide variety of decorative coatings available on the market, each with its own unique set of properties. Some common types of decorative coatings include latex paint, alkyd paint, oil-based paint, and epoxy. Latex paint is the most common type of decorative coating, and is typically used for interior applications. Alkyd paint is another popular type of decorative coating, and is often used for exterior applications. Oil-based paint is another common type of decorative coating, but is not as widely used as latex or alkyd paint.
Key Drivers
The key drivers of the Decorative Coatings market are the increasing demand for durable and long lasting coatings, the need for low maintenance coatings, and the growing preference for eco-friendly coatings.
The increasing demand for durable and long lasting coatings is driven by the need for protection against weathering, corrosion, and other environmental factors. The need for low maintenance coatings is driven by the desire to reduce the frequency and cost of maintenance. The growing preference for eco-friendly coatings is driven by the need to reduce the environmental impact of coatings.
Restraints & Challenges
The key restraints and challenges in Decorative Coatings market include the stringent environmental regulations, volatile raw material prices, and the growing preference for natural products.
The volatile raw material prices are a major challenge for the manufacturers of decorative coatings as they can impact the profitability and competitiveness of the companies. The raw materials used in the production of decorative coatings include pigments, resins, solvents, and additives, which are derived from crude oil and natural gas. The fluctuations in the prices of these raw materials can have a significant impact on the cost of production, which can in turn affect the margins of the companies.
The stringent environmental regulations are another challenge for the decorative coatings market as the emissions from the manufacturing process of these products can have a negative impact on the environment. The manufacturers of decorative coatings are required to adhere to the strict environmental regulations, which can increase the cost of production.
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Key Market Segments
The decorative coatings market bifurcated on the basis of product type, technology, application, and region. On the basis of product type, it is segmented into emulsion, wood coatings, enamels, and others. By technology, it is categorized into waterborne coatings, solvent-borne coatings, and powder coatings. By application, it is analyzed across residential, non-residential, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The decorative coatings market report includes players such as PPG Industries Inc., AkzoNobel N.V., BASF SE, Asian Paints Limited, Kansai Paints Co., Ltd., Masco Corporation, Jotun A/S, Nippon Paints Co. Ltd, Hempel AS, and Arkema S.A.
Reasons to buy Decorative Coatings Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/
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