Global Decorative Paints Market: Overview
The demand within the global market for decorative paints has been rising at a stellar rate in recent times, majorly due to the skyrocketing advancements in the field of visual arts. Decorative paints, in essence, are acrylic paints use by artists to create wall-paintings and other artistic pieces. The use of decorative paints has been growing in recent times as several movements to promote art and artists have gathered swing. It is also true that the contemporary-day artists are receiving voluminous funds from renowned investors and organisations. The entire world has become sensitive to visual art forms, and hence, paintings, wall art, and street graffiti have regained popularity. Owing to these factors, the global market for decorative paints is projected to expand at a stellar rate in the years to come. Furthermore, the quest of artists to bring their craft to light and elucidate the momentous impact of art has also propelled demand within the global market for decorative paints. This market is projected to receive huge-scale investments from well-reckoned entities in the years to come.
The global market for decorative paints may be segmented on the basis of the following parameters: product type. Price, formulations, application, sales channel, and region. Since the global decorative paints market is related to the field of visual arts, the aforementioned segments hold utmost significance from the perspective of market analysis.
A report added by Transparency Market Research (TMR) on the global market for decorative paints gives a clear view of the forces that have propelled market demand in recent times. Furthermore, the report also gives a futuristic perspective on the global decorative paints market, and builds on various factors that are expected to influence market demand.
Global Decorative Paints Market: Trends and Opportunities
The demand within the global market for decorative paints has increased on account of the use of these paints in homes, offices, and other spaces. The aesthetic appeal of walls and other surfaces can be enhanced by coating them with decorative paints, and this factor is at the forefront of market growth. Furthermore, the number of art galleries and studios has increased in recent times, majorly due to a renaissance of art forms in the contemporary scenario. This propensity is also expected to reek of growth within the global market for decorative paints. Other areas wherein decorative paints have become useful include art institutions, homes, complexes, and places of visit. It is projected that the global market for decorative paints would keep attracting new customers in the forthcoming years.
Global Decorative Paints Market: Market Potential
The use of decorative paints to paint large portions of commercial and residential buildings shall provide lucrative growth opportunities within the global decorative paints market. Furthermore, availability of decorative paints that can help in heat transfer has gained popularity in colder regions. This is another key standpoint that is projected to propel demand within the global decorative paints market
Global Decorative Paints Market: Regional Dynamics
The demand within the market for decorative paints in North America has risen at a robust rate in recent times. This owes to the presence of world-renowned artists across the US, and the promotion of art guilds in New York. The market for decorative paints in Europe has risen account of the historic significance of art forms in several EU nations.
Global Decorative Paints Market: Competitive Landscape
Some of the key players in the global decorative paints market are The Sherwin-Williams Company, Asian Paints, PPG Industries Inc., BASF SE, and Nipsea Group (Nippon Paints).
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.