The latest report published by Report Ocean, titled “ Decorative Coatings Market” Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
What is Decorative Coatings Market growth?
Decorative coatings are usually applied to surfaces of stationary structures such as buildings, bridges and roads, or parts of the stationary structures that include facades, pavements and pre-fabricated materials. These coatings can be used for protection as well as aesthetic purposes. According to market research study published by Report ocean, the global decorative coatings market is expected to reach approximately USD 84,796 million, representing a CAGR of 5.3% during the forecast period 2022-2028.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global decorative coatings market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the decorative coatings industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the formulation, chemistry, surface type, customer type, end user, and region. The global market for decorative coatings can be segmented by formulation: waterborne, solvent-borne. Among these, the waterborne segment was accounted for the highest revenue generator in 2021. Decorative coatings market is further segmented by chemistry: acrylic, polyurethane (PU), epoxy, alkyd, others. Based on surface type, the decorative coatings market is segmented into: interior, exterior. On the basis of customer type, the decorative coatings market also can be divided into: DIY, professional contractors. Decorative coatings market by end user is categorized into: commercial, residential. The decorative coatings market by region can be segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By formulation:
waterborne
solvent-borne
By chemistry:
acrylic
polyurethane (PU)
epoxy
alkyd
others
By surface type:
interior
exterior
By customer type:
DIY
professional contractors
By end user:
commercial
residential
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The market research report covers the analysis of key stake holders of the global decorative coatings market. Some of the leading players profiled in the report include Akzo Nobel N.V., Asian Paints Ltd., Axalta Coating Systems, Ltd., Benjamin Moore & Co., Berger Paints Ltd., Caparol Paints LLC, Cromology SAS, DAW SE, Diamond Vogel Paint Company, Dunn-Edwards Corporation, Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., Kelly-Moore Paint Company, Inc., Masco Corporation, Nippon Paint Holdings Co., Ltd., NOROO Paint & Coatings Co., Ltd., PPG Industries, Inc., RPM International Inc., SACAL International Group Ltd., Sherwin-Williams Company, SKSHU Paint Co., Ltd., Tikkurila Oyj, Tnemec Company, Inc., among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
To analyze and forecast the market size of the global decorative coatings market.
To classify and forecast the global decorative coatings market based on formulation, chemistry, surface type, customer type, end user, region.
To identify drivers and challenges for the global decorative coatings market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global decorative coatings market.
To identify and analyze the profile of leading players operating in the global decorative coatings market.
Why Choose This Report?
Gain a reliable outlook of the global decorative coatings market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
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Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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