TMR has released a new report analyzing
current market trends of the decorative coatings market.
Decorative coatings or architectural
coatings are the finishes and paints that are
applied on commercial and residential buildings. They are mainly used to add colors to
the room and make them attractive and
fresh and to serve as protection from moisture, corrosion, bacteria and UV radiation.
Decorative coatings have various applications such as interior and exterior house
paints, primers, sealers, varnishes and stains.
In recent years the beauty of products in
terms of looks and appearance and its aesthetic values are important in making the
product stand out of the other products.
Based on the type of architectural coating
the market can be segmented into exterior
water-based coatings, interior water-based
coatings, exterior solvent based coatings,
interior solvent based coatings, architectural
lacquers and other architectural coatings.
According to a new report from TMR,
in 2012, architectural coatings dominated
the global coatings market, accounted for
the single largest share in value terms. The
mushrooming of office buildings, housing
complexes and shopping malls all over the
world drive the growth of decorative coatings market.
The decorative coating market is
driven by high investments and growth
in construction and furniture sector. The
growing consumer interest in aesthetics
and home decoration and the improving standards of living are fueling the
demand for architectural coatings. The
market share of decorative coatings in
the overall coatings market increased
as compared to other segments. In the
emerging economies consumers are becoming increasingly Westernized in terms
of increased living standard, while the
recession still shows an impact in many
developed western economies, where the
growth rates of the market have declined.
In emerging markets, the large chunk of
consumers are becoming price sensitive,
A major challenge faced by the decora-
tive coatings industry is the stringent regula-
tions regarding the usage of toxic chemicals
in coatings and this has forced decorative
paint formulators to seek environmentally
friendly and innovative solutions.
Environmental Regulations/Key Players
in the Market
Various factors such as environment
regulations, health and wellness concern, technology and convenience, are
playing an increasingly important role
in the global decorative coatings market.
The growing end-users awareness of the
advantages of reduced volatile organic
compounds (VOC) emissions has hastened the consumption of water-based
decorative coatings and are expected to
replace solvent-based products in interior applications. Some of the key players in this market include AkzoNobel NV,
PPG, Dulux, Dow Chemical, Sherwin-Williams, BASF and DuPont.
This research report analyzes this market depending on its market segments,
major geographies, and current market
trends. Geographies analyzed under this
research report include: North America,
Asia Pacific, Europe and Rest of the World.
This report provides comprehensive
analysis of market growth drivers, factors
limiting market growth, current market
trends, market structure and market projections for upcoming years.
This report offers a complete study
of current trends in the market, industry
growth drivers and restraints. It provides
market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of
top industry players.
The report also includes a review of
micro and macro factors essential for the
existing market players and new entrants
along with detailed value chain analysis.
Dispersing Agents Market
Worth $6.3 Billion by 2018
Marketsandmarkets has published a
new report, “Dispersant/Dispersing
Agent Market, by End-User Industries
(Construction, Paint & Coating, Pulp &
Paper, Detergent, Oil & Gas, Agriculture,
Pharmaceutical) & Geography –Trends
& Forecast to 2018,” defines and segments the global dispersing agent market
with an analysis and forecast of the volume consumed and revenue generated.
The dispersing agent consumption will
grow from an estimated 3,960 KT in
2013 to 5,475 KT by 2018, growing at a
CAGR of 6. 7 percent.
According to the report, the dispersing
agents market is mainly driven by growing demand for end-user industries such
as construction, paints and coatings, pulp
and paper, detergents, oil and gas, agriculture and pharmaceutical. The rising need
for infrastructure drives the consumption
of dispersing agents in the construction
industry. Similarly, accelerating development in the infrastructure and automotive
sector has resulted in an expansion of the
market for dispersing agents in the paints
and coatings industry. The oil and gas industry will show a rapid growth with increasing demand from the automobile and
energy sector.
According to the report, the dispersing agents market is fragmented and has
an immense potential to attract various
small and big level industry players. It
experiences a huge surge, especially in
Asia-Pacific, due to its flourishing infrastructure sector. It is the highest growing
market, followed by Europe and North
America that drives the global consumption of dispersing agents.
New product development is the major growth strategy adopted by market
players. Most of the companies are engaged in developing new and improved
products to meet the rising demand from
end-user industries so as to increase their
dispersing agents business. CW
TMR Analyzes Current Market Trends of
Decorative Coatings Market
