The global market is projected to continue to grow even during the forecast period of 2015-2020 owing to rising awareness among the house-owners regarding better feel good factors and also need for increased reliability and durability!
Decorative coatings broadly mean paints, drying oils and varnishes, synthetic clear coatings, and other products whose primary functions are to protect the particular object or to increase its visionary appeal to the viewers. The main factors owing to the innovation of various coating materials in this industry include high processing costs, legislation issues with volatile organic compounds (VOC), sustainability and the desire for more ecofriendly products, where continuous R&D is being done for this purpose.
There are different technologies and materials being used for achieving this objective; UV curing decorative coating is one important evolution in this field.
Prime Applications Brief:
Enhancing the beauty without compromising the protection of buildings is the prime attraction of the decorative coating market which has led to increased demand for this market.
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Not only are custom based interiors growing but also growth in exteriors is noted globally. Concrete-based coatings, restoration, company or household floorings, driveways, pool decks, stain and water-resistant products, repair and beauty enhancing features are all accounted as the versatile functions of the decorative coating market.
Rising awareness, acceptance and instillation of the “feel-good-factor” among an increasing amount of population are noted to be a quality support for the betterment of the global market popularity. Rising reliability and durability of these products are further propelling market strength.
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IndustryARC has studied the Decorative Coatings Market in complete depth with respect to all business factors and deciding reasons with each being mentioned below. They are further sub segmented into narrower stream of types with in detail analysis given in the report on Decorative Coatings Market.
- By Formulation: Water Based, Solvent Based, Powder Based and Radiation Cured Systems.
- By Type of Coating Resins: Acrylic, Alkyd, Ester, Vinyl and Others.
- By End User Products: Automotive/ Aerospace Interior & Exterior Parts, Bathroom Equipment, Electronic Gadgets, Jewelry & Watches and Others (Door Handles).
- By Geography: North America, Europe, Asia and ROW.
Out of more than 40 industry players analyzed by IndustryARC in this research report, few are:
- Eastman Chemical Company
- The Sherwin-Williams Company
- Atotech Deutschland GmbH
- Enthone Inc.
- IHI Techno Coating B.V.
- Nippon Paint Co.
- PPG Industries, Inc.
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