The global decorative paints and coatings market [ http://www.marketresearchreports.biz/analysis/206931 ] contains a collection of key players that hold majority market shares along with multiple regional manufacturers that deal in decorative purpose paints. The top manufacturers offer a large range of interior and exterior paints that serve a dual purpose of decoration and protection.
The decorative paints and coatings market has found a steady ground to grow on for almost a decade. The major reasons for this growth are the increasingly rapid rates of industrialization and the successful and constant recovery of the global economy. The demands of the end-users shape the decorative paints and coatings market. End-users such as automobiles, steel, construction and furniture industries have a constantly changing need for decorative paints and coatings. The market is primarily led by the architectural paints segment. The industrial coatings segment follows it and holds a significant share of the global market. The market as a whole shows major signs of consolidation along with an increasing awareness and action towards creating more environment friendly paints and coatings.
The global decorative paints and coatings market and its extensive range of products meant for interior and exterior use are generally categorized into two segments: do it yourself and professional. Both segments make liberal use of lacquers, varnishes, paints and pre-decoration products that supply surface protection.
Recent years have witnessed a huge growth spurt in the decorative paints and coatings market from all the emerging countries. The market’s growth is constantly driven by an increasing amount of activity in infrastructure and expansion projects in Asian and African countries. The booming automobile industry also supplements the decorative paints and coatings market. The market does face restrictive forces such as negative environmental impact, rising prices of raw materials and the foreseen availability of more capable substitutes.