Decorative Coatings Market is expected to develop from USD 68.0 billion in the year 2021 to USD 82.4 billion by 2026, recording a CAGR of 6.2%. Decorative Coatings being scratch resistant, and giving a bright colour to metal and plastic substrates, are used in many applications, including automotive interior and exterior parts, consumer products, such as, mobile phones, computers and cameras, jewellery and watches, bathroom equipment, door handles, and eyewear; these are the main factors that have considerably increased the demand for the Decorative Coatings in the market, thereby driving the huge growth of the Decorative Coatings market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Decorative Coatings in the market is mainly due to the Rising environmentally-friendly coating systems is the vital factor escalating the market growth, also increasing durable coatings with better performance and aesthetics, rising urbanization and industrialization all over the globe, rising advancements and developments in the market, increasing demand for these products in buildings as it enhances durability and appearances of the surface as well as protecting it from harsh weather and external conditions such as UV radiation, extreme temperature, acid rain, and foreign particles, rising use in construction applications across various countries including China, U.S., Mexico, Qatar, UAE, India, Vietnam, and Singapore and increasing superior properties including moisture, corrosion resistance, UV radiation, bacteria, and heat resistance are the major factors among others driving the decorative coatings market; these are the main factors that have considerably increased the demand for the Decorative Coatings in the market, thereby driving the huge growth of the Decorative Coatings market in the upcoming years

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Report is segmented as:

Decorative Coatings Market is segmented on the basis of by:

By Resin Type (Acrylic, Alkyd, Polyurethane & Others),
By Product Type (Emulsion, Enamel, Wood Coating & Others)
By Technology (Water-Based, Solvent-Based)
By Application (Residential, Non-Residential)
Geographical Segmentation:

Decorative Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Decorative Coatings is due to the increasing environment effects of solvent-borne coatings these are the main factors that have considerably increased the demand for the Decorative Coatings in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Decorative Coatings Market

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Impact of COVID-19 on Market

The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Decorative Coatings market. Covid-19 pandemic has impacted huge on the sales revenue of Decorative Coatings market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Decorative Coatings market growth

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