The recent study, Decorative Paints and Coatings Market forecasts the business performance of the Decorative Paints and Coatings market for the forecast period, 2021 to 2028. The study considers the estimated period as the base duration and brings to light the important information associated with the market size, share and growth rate of the Decorative Paints and Coatings market. Apart from this, the research closely examines the market share occupied by some of the prominent market players in the Decorative Paints and Coatings market for the forecast period, 2021 to 2028. Researchers behind the research unmask vital statistics on market segmentation including product types, application, sale and geography.
This study relies on the evolution of the industry to derive the trends that are observed. A significant increase in the Asian and the Middle Eastern market is visible, which promises the expansion of the market in the coming years. The chemical industry has wit nessed vast growth in the Chinese chemicals sector, which is in turn affecting the value-chain of the European chemicals market. Europe’s chemical market decline could also be blamed on slow innovation rates. The mobility trends that have been observed in the industry are indicative of a drop in the development of transportation fuels, which is pushing the manufacturers to rethink their petrochemical strategy, owing to the chemical and petrochemical integration. A global initiative to ban plastics widely in the market is stemming from the environmental impact of the resins. The Chinese market is highly influenced by the economic transitions, fuel regulations, technological developments, private ownership, capital cost advantage, international trade and progress in the specialty chemicals among others. North America is attracting massive investment for its gas-based chemicals. The growing uncertainties regarding the prices of crude oil will affect the competitive landscape. Meanwhile, factors such as fluctuating prices of crude oil, fiscal policies, rising geopolitical tensions, trade disputes coupled with currency fluctuations might cause a decline in the global growth of the market.
Key players operating in the market:
The Akzo Nobel N.V., Sherwin-Williams Company, PPG Industries, Inc., BASF SE, Asian Paints Limited, RPM International Inc., Jotun Group, Masco Corporation, Nippon Paint Holdings Co., LTD., and Kansai Paint Co. LTD., have been profiled in the report
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Major factors driving revenue growth of the global materials chemicals industry are rise in global population, tremendous increase in demand for essential consumer products such as food beverages, cosmetics, and personal care hygiene products, and extensive use of chemicals and raw materials in industries including buildings construction, automotive, agriculture, textiles, packaging, electronics, and several other industries. Other major factors bolstering market revenue growth are increasing focus of manufacturers on using eco-friendly and sustainable materials chemicals for reduced environmental impact, introduction of organic and highly sustainable chemicals, and increasing demand for high-performance agrochemicals and specialty chemicals.
Global Decorative Paints Coatings Market: Regional Segmentation
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East Africa
Rest of Middle East Africa
Product Type Outlook:
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Full Coverage of the Global Decorative Paints Coatings Market Report:
The report offers in-depth study of the global Decorative Paints Coatings market dynamics and offers crucial information on the leading product portfolios, application areas, distribution channels, and technological breakthroughs.
The report offers qualitative and quantitative studies of the global Decorative Paints Coatings industry.
The report is inclusive of a detailed overview of the key regional markets of the global Decorative Paints Coatings industry.
The report profiles the leading companies in the industry and highlights their financial positions, product offerings, recent developments, and business expansion plans and initiatives.
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