Decorative Paints Market Business Development at Fastest CAGR Forecast 2028

The Decorative paints market was valued at US$ 74,091.54 million in 2019 and is projected to reach US$ 121,531.91 million by 2028; it is expected to grow at a CAGR of 5.7% from 2020 to 2028.

The decorative paints market in Europe is expected to grow at the highest rate during the forecast period. The rise in the number of infrastructure projects, due to the increasing investments and economic recovery, drives the demand for decorative paints in the region. The construction practices and pavement design mostly require high-quality materials to meet various infrastructure standards. Increasing demand for better living standards from a new middle-class population has a positive effect on the adoption of decorative paints. Architectural paints consumed and produced in Western Europe are nearly exclusively medium to premium products, as the consumer interest in home decoration remains high.

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Major key players covered in this Decorative Paints Market report:

• Nippon Paint
• Akzo Nobel N.V.
• BASF SE
• Dow Inc.
• Axalta Coating Systems
• Asian Paints
• PPG Industries Inc.
• RPM International Inc
• Kansai
• The Sherwin-Williams

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Decorative Paints market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Decorative Paints market segments and regions.

Decorative Paints Market, by Type

• Water Based
• Solvent Based

Decorative Paints Market, by Application

• Residential
• Non-Residential

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Report Spotlights

• Progressive industry trends in the decorative paints market to help players develop effective long-term strategies.
• Business growth strategies adopted by developed and developing markets.
• Quantitative analysis of the decorative paints market from 2018 to 2028
• Estimation of global demand for decorative paints
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry.
• Recent developments to understand the competitive market scenario.
• Market trends and outlook as well as factors driving and restraining the growth of the decorative paints market.
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth.

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