Overview:
Decorative Coating is an additional layer added to structures for protecting them against microscopic organisms, water leakage, temperature maintenance, UV rays and moisture. With increasing constructions industry, the demand for better protective measures is also in high demands. The Decorative Coatings Market is expected to touch nearly 04.5 % annual growth mark in global markets. Decorative Coatings are used on metal, concrete and wooden structures. Paints, enamels, polishes for floors, walls, roofs & ceilings, concrete surfaces and others. Growing demand for wooden interiors decoration is pushing and expanding the market in the residential sector.
Depending on the climatic conditions, the coating is selected. In areas with larger moisture contents, the water-resistant coatings are used and in areas with higher ranges of temperatures, temperature regulating type paints are used. The renovation procedures are also propelling the market. Considerable investments for research and development of new alternatives, which are more efficient and consists of more features is also a driving factor for the market.
The Decorative Coatings Market uses harmful VOC chemicals for the production of coatings, which have potential damaging features towards the environment and other living forms. Authorities are now making rigid regulations for such processes and this factor in the major speed breaker in the way of this industry.
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Recent Industry News:
With the increase in infrastructural activities around the world, the market is gaining pace in every region. The guidelines against VOC emissions are holding the speed of the market, which calls for searching new methods with minimum damage to the environment. The American region is the largest market, but the Asia Pacific region will emerge as the fastest-growing market in the projected period.
Segments of the Decorative Coatings Global Market:
Global Decorative Coatings Market is segmented into three parts:
Coatings Type: Primer, emulsion, enamel and others are the coating materials available in the market.
Technology Type: Waterborne coatings and solvent-borne coatings technologies are available.
End Users: Decorative coatings are used in residential, commercial and other major sectors.
Regional Overview:
Asia Pacific, Europe, America and The Middle East & Africa are the major regions of the Global Decorative Coatings Market.
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The American region is the current market leader due to higher production capacities and dense consumer base. In this region, the US is the largest shareholder due to high consumptions, rising disposable incomes and rapid economic growth.
The European region is the second-largest market due to demand for furniture and residential properties. This region has a well-established production sector, which is helping the market to increase its output and increasing the share in the Global Decorative Coatings Market.
The Asia Pacific region is the next biggest market. Apart from this, the Asia Pacific region will emerge as the fastest-growing market during the projected period and has numerous opportunities for global leaders. Increasing urbanization, the rapid rise in economies, increasing disposable incomes and large population base are some of the critical factors responsible for this rapid rise in this market. The production and consumption both are travelling at higher speeds.
The Middle East & African regions are also gaining pace due to increasing emphasis towards infrastructural developments and cost-effective production methods.
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