Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Decorative Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Decorative Coatings Market?
The Decorative Coatings market has seen a consistent growth over the years. The market size was $87.28 billion in 2024 and it is expected to reach $90.01 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 3.1%.
What Is the Forecasted CAGR for the Decorative Coatings Market by 2029?
The decorative coatings market is forecasted to reach $109.44 billion in size by 2029, with a compound annual growth rate (CAGR) of 5.0%.
Download the Free Sample Now:
What Are the Market Drivers in the Decorative Coatings Industry?
The key Drivers in the decorative coatings market are:
• Increase in global urbanization
• Rising demand for residential and non-residential structures
• Increased population density in urban areas
• Projected growth in global urban population by 2050
What Is the Segment-Wise Breakdown of the Decorative Coatings Market?
The decorative coatingsmarket covered in this report is segmented –
1) By Product Type: Emulsion, Wood Coatings, Enamels, Other Product Types
2) By Resin Type: Acrylic, Alkyd, Vinyl, Polyurethane, Other Resin Types
3) By Formulation: Water Based, Solvent Based, Powder Based
4) By Application: Residential, Non-Residential
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Decorative Coatings Sector?
The key trends in the decorative coatings market are:
• New product innovations are becoming a prevalent trend in the decorative coatings market.
• There is a growing emphasis on the development of advanced products by leading companies.
• The introduction of quick-drying formulas is an emerging trend.
• Greater focus towards sustainable, water-based options marks a significant shift in the decorative paints market.
Which Companies Are Dominating the Decorative Coatings Market in Terms of Revenue?
The key players in the decorative coatings market are:
• PPG Industries Inc.
• Akzonobel NV
• Sherwin-Williams Co.
• Valspar Corp.
• Asian Paints Ltd.
• Berger Paints Ltd.
• Cabot Corporation
• DAW SE
• Jotun Paints Ltd.
• Masco Corp.
• Brillux GmbH & Co. KG
• BASF SE
• Vogel Paint and Wax Company
• Kansai Paint Co. Ltd.
• Kelly-Moore Paints Company Inc.
• RPM International Inc.
• Nippon Paint Holdings Co. Ltd.
• Axalta Coating Systems Ltd.
• Teknos AG
• Mankiewicz India Pvt. Ltd.
• Meffert AG Farbwerke
• Cromology SL
• Tikkurila OYJ
• Hempel AS
• Clariant AG
• Benjamin Moore & Co.
• Dunn-Edwards Corporation
• Behr Process Corporation
• Farrow & Ball Ltd.
What Are the Regions Driving Demand in the Decorative Coatings Market?
Asia-Pacific was the largest region in the decorative coatings market in 2024
