Decorative Paints Market Snapshot (2023 to 2033)

Future Market Insights (FMI) has forecast the decorative paints market value to surpass US$ 60.27 billion in 2022. The decorative paints industry is expected to be driven by the growing construction of residential, commercial, and institutional buildings across the world. The market is likely to witness a 5.4% CAGR during the coming assessment period of 2023 and 2033.

Surging demand for interior decorations, and renovating residential houses, coupled with urbanization, industrial growth, and expansion of infrastructure are some of the factors driving the decorative paints industry. FMI has projected the market valuation to reach US$ 108 billion by 2033 end. The decorative paints market represented nearly 45% of sales in the paints and coatings industry in 2022.

Decorative paints will become more popular if they have unique finishes and textures. Metallic finishes, textured surfaces, and even 3D-printed patterns will become possible with paints manufactured by manufacturers. Consumers will be able to create visually appealing and personalized spaces thanks to these innovations.

Antimicrobial paints are increasingly in demand due to increased attention being paid to health and hygiene. Painting surfaces can inhibit bacterial growth, mold, and other microorganisms, contributing to a healthier indoor environment. As a result of anti-allergenic paints, pollutant and allergen levels in the air are helped to decrease, thus improving the quality of the air.

The use of decorative paint in a smart home can be integrated with electrical and heating control as well as the display of digital content on painted surfaces. Painting spaces with this integration will improve their aesthetics and functionality, improving their immersive quality.

Artists or designers collaborating with paint manufacturers will drive innovation in decorative paints. A wide range of color palettes, patterns, and artistic effects can be created, allowing consumers to express themselves individually.

Report Attribute Details
Decorative Paints Market Size (2022) US$ 60.27 billion
Decorative Paints Market Share Value (2023) US$ 63.34 billion
Decorative Paints Market Anticipated Forecast Value (2033) US$ 108 billion
Decorative Paints Market Projected Growth Rate (2023 to 2033) 5.4% CAGR

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2018 to 2022 Decorative Paints Market Growth Compared to 2023 to 2033 Forecast

Demand for decorative paints grew at 5% CAGR between 2018 and 2022. In the current scenario, the overall domestic consumer space is witnessing a significant rise due to urbanization.

The development of low volatile organic compound (VOC) paints will become more important as environmental concerns rise. In the future, eco-friendly decorative paints will be developed using sustainable materials and manufacturing processes.

As technology is integrated into paints, smart paints will emerge. Paints with self-cleaning properties, self-healing capabilities, or color-changing capabilities will be available in the future. For example, dirt-repelling paints can prevent stains, and scratch-healing paints repair minor damage.

A significant role will be played by digitalization in decorative paints in the future. Using virtual reality or augmented reality tools, consumers can visualize and customize their paint choices. It enhances the overall customer experience by allowing them to preview different color schemes and finishes before they make a decision.

Backed by this, the market has been projected to register sales growth at a 5.4% CAGR over the forecast period, from 2023 to 2033. Expansion of construction sector will continue boosting decorative paint sales in India, China, and GCC countries. Introduction of low VOC paints has been among the primary product innovations in the paints industry. A higher focus on sustainability will fuel demand for VOC paints in the decorative paints market.

Comparative View of Decorative Paints Market

Decorative Paints Market:

Attributes Decorative Paints Market
CAGR (2023 to 2033) 5.4%
Market Value (2033) US$ 108 billion
Growth Factor Construction activities and rapid urbanization will likely lead to an increase in the demand for decorative paints.
Opportunity With nanotechnology developing and the market demands eco-friendly sustainable paints, lucrative opportunities will appear.

Polyurea Coatings Market:

Attributes Polyurea Coatings Market
CAGR (2023 to 2033) 9.3%
Market Value (2033) US$ 2,204.6 million
Growth Factor Increasing construction and industrial expansion are expected to drive demand for polyurea coatings
Opportunity As adhesives become more popular in consumer products, polymer emulsions will expand their market.

Polymer Emulsion Market:

Attributes Polymer Emulsion Market
CAGR (2023 to 2033) 8%
Market Value (2033) US$ 55132 million
Growth Factor Growth in building & construction plus rapid industrial development will drive polyurea coatings demand.
Opportunity A growing concern about the risks associated with VOC coatings, along with a move toward more eco-friendly coating technologies, have led to an increase in demand for polyurea coatings.
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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How is Urbanization Impacting Decorative Paints Sales?

Growing Disposable Incomes and Consumer Interest in Artistic Products Is Expected to Grow Demand in Coming Years

Rapid urbanization, improving the standard of living, and growing interest of customers towards improving the aesthetic appeal of their homes and residential buildings have led to increasing demand of decorative paints.

Powered with high disposable income, consumers’ demand preference has shifted to paints with highly resilient characteristics along with a modern taste of estheticism. This change in demand pattern is expected to work as a catalyst for the global decorative paints market growth.

Owners of commercial buildings such as office buildings, hotels, malls, and others spend a willingly on the renovation of their buildings every three to five years. This also includes expenditure on exterior paints and wall paints in order to maintain the visual aesthetics of their facilities.

Growth in the number of commercial buildings and skyrocketing construction of affordable housing projects are further anticipated to boost the demand for wall paints and exterior paints in the coming years.

As per FMI, the demand for decorative paints will be especially high in the Middle East and Africa, Eastern Europe, and Asia Pacific. The paint industry will continue to benefit from nanotechnology. The incorporation of nanoparticles into paints can improve the paint's durability, UV resistance, and thermal insulation properties. A longer-lasting and higher-performing decorative paint will be the result of these advancements.

Country-wise Insights

Why is Demand for Decorative Paints Rising in the United States?

Green Paints will Likely Grow Demand for Decorative Paints

According to FMI, the United States decorative paints market is expected to grow at a 4.8% CAGR. Revenue generated in the market will be pushed by a high rebound in construction projects. Moreover, growth in the construction of residential and commercial buildings will continue pushing demand for decorative paints.

Environmental-friendly and low-VOC paint products will dominate the market. Driven by the implementation of stringent regulations and changing consumer preferences, sales of low-VOC paints are expected to pick up in the United States.

With the increasing focus on environmental sustainability and more stringent government regulations on harmful substances, the demand for water-based paints is expected to grow. These factors have encouraged manufacturers to produce water-based decorative paints. The market for decorative paints is expected to grow due to the rise in water-based paints' demand.

What will be the Demand Outlook of Decorative Paints in India?

Growing Interior Demand is Likely to Grow Demand for Decorative Paint in the Market

The Indian housing market's potential is enormous looking at the need for housing and the increase in the number of people investing in housing units. The decorative paints industry in India is expected to register a CAGR of 5.7% during the forecast period.

A considerable rise in the construction of high-rise buildings in metropolitan cities coupled with urbanization is boosting the decorative paint sales in India. An increase in disposable income also is driving the growth of the market.

India's paint industry will likely benefit from new investments by increasing demand for decorative paints. For instance, Kansai Nerolac is the largest decorative paint company in India and the third largest industrial paint company. It continues to expand into new customer need areas while strengthening its position in these traditional markets, including wood coatings, construction chemicals for floors and decorative paint, transportation paint, coil paint, rebar paint, and super-durable powder. In addition to expanding its product portfolio, these ventures have enabled it to provide more services.

How is the Construction Sector Contributing to the Sales of Decorative Paints in China?

Technological Innovation in the Decorative Paint Industry will Grow Demand for Decorative Paints

China is estimated to remain a key manufacturer and consumer of decorative paints, accounting for about 73% of the overall decorative paint consumption in East Asia in 2023.

Rapid development in the building and construction and infrastructure sectors is boosting sales of decorative paints in the country. As per the report, the residential construction segment is expected to register high demand for decorative paints in China.

With foreign multinational coatings companies (MNCC) expanding their dominance of the Chinese developing market rapidly, the decorative paint market in China is one of the fastest-growing markets in the world. Innovations in technology and a growing demand for innovations will increase the demand for decorative paints in China over the next few years.

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Category-wise Insights

Why is the Demand for Water-Based Paints Increasing?

Growing Demand for Non-toxic Paints in the Market is Likely to Grow Demand for Water-based Paints

Based on product type, water-based paints are expected to dominate the market for decorative paints. As per FMI, the water-based paints segment is projected to register year-on-year growth of 5% in 2023.

Increasing construction of residential and commercial buildings across the globe is expected to boost the demand for water-based paints in the coming years. Implementation of regulations to curb VOC emissions from paints will drive sales of water-based paints.

Water-based paints are increasingly being used by Indian paint manufacturers. In the past few quarters, their gross margins have been hit by rising input costs, especially crude oil prices. Water-based paints are also increasingly preferred by customers because they are easier to clean than solvent-based paints.

Decorative paint market leader Asian Paints Ltd has a capacity of 600,000 kilo liters per annum at its Mysuru plant. Jefferies India Pvt. reports that that the company sells more water-based paints than its competitors.

Which Formulation of Decorative Paints is Most Preferred?

Glossy Wall Surfaces to Drive Demand For Emulsion-based Decorative Paints

Consumption of emulsion based decorative paints is expected to account for more than 86% of the total decorative paints market share in United States in 2023. The demand for decorative paints in the market is likely to increase as a result of ready-to-use paints. The demand for different types of mechanisms, such as brushing, spraying, rollers, dips, and more, will grow in the coming years as they are easy to apply and easy to use.

Emulsion paints are a stable suspension of oil phase in a liquid phase and are used to give a range of finishes, such as the gloss sheen, satin, silk, and flat matt on substrates. As these are generally water based paints, the share of the segment is also estimated to remain high during the coming forecast period. Among distempers, acrylic paints are expected to remain highly sought-after in the market.

Kitchens and bathrooms are suitable for emulsion paints because of their humidity-resistance. The toxic content of emulsion paints is lower. It has been clinically proven to be safe for both humans and animals. The majority of manufacturers claim that their products contain no volatile organic compounds at all.

Paints made from emulsions do not require protection from sunlight or temperature changes. In addition to being chemically resistant, emulsion paints are also easy to apply. There are no effects of rain or chemical substances on them. The durability of emulsion paints cannot be compromised. The higher the pigment content, the better the quality of emulsion paint.

What is the Key Application of Decorative Paints?

The application of Decorative Paint to Wall Interiors is likely to grow as the Demand for Appealing Interiors Grows

Revenue generated in the interior segment is estimated to grow at a 5.1% CAGR. The interior paints segment will continue accounting for more than 82% of the share among the listed applications through the forecast period in Europe.

The increase in the construction of residential buildings, commercial shops, shopping malls, offices, hotels, and restaurants is boosting the demand for interior decorative paints. Furthermore, the growing trend for interior decoration and renovation of interior parts all over the globe is bolstering the consumption rate of decorative paints in the interior segment.

Demand for decorative paints will grow as the aesthetic appearance of walls and demand for different textures increase. People are increasingly interested in creating a personalized living space, which has led to a demand for interior decorative paints.

The increased demand for decorative paints can be attributed to several factors, including an increase in interior decoration and renovation of residential houses, as well as industrial growth, urbanization, and infrastructure expansion. A major factor driving the growth of the decorative paint industry is the growing importance of decorative paint for the decoration of residential buildings, both exterior and interior

Start-ups in the Decorative Paints Market

Changing market conditions and technological advancements create exciting new trends for businesses. Startup ecosystems across the world are gaining traction with the decorative paints industry. Some key startups in the decorative paints market include-

  • Paints and Coatings, India based firm offers products such as paints and coatings for walls, emulsions, enamels, primers, etc. The company offers an extensive selection of decorative paints and wood coatings to its customers.
  • Rathi Decor, is an online service for booking painting services. Provides a wide range of services, including exterior painting, polishing, interior painting, texturing, coatings, industrial painting, stroke painting, waterproofing, and many other services. By filling out their details, users can request quotes based on their requirements. Depending on the budget, users can then book and avail the service. As a painting service provider, it aims to provide an end-to-end solution.
  • Circouleur, provides paint recycling solutions. A company specializes in the production and transformation of unused paints. This company has a wide range of paints that can be used for a variety of interior decoration projects. As a result, its paint emits fewer volatile organic compounds and ensures a better indoor environment.

Competitive Landscape

Key market participants are focusing on mergers and acquisitions strategies, coupled with product development by investing in research and development to boost their market presence. Some of them are emphasizing on increasing the production capacity to enhance their annual turnover. For instance:

  • In May 2023, Kamdhenu Paints introduced the WEATHER CLASSIC ADVANCE paint to enhance its exterior emulsion portfolio. Compared to previous emulsions, the new one is less likely to pick up dirt and has a high SRI value. The warranty is also five years long. Weather Classic Advance is a 100% acrylic, elastomeric paint that prevents dirt, dust and extreme weather conditions from accumulating on the exterior walls. It also comes with a soft sheen. Anti-dirt pick-up properties and water resistance make the product ideal for outdoor use. In areas with moderate humidity or dry weather, weather classic advance is ideal.
  • In June 2023, PPG opened a Color Creation Lab in China in partnership with vehicle maker Chery Automobile. It will be staffed by PPG color stylists and Chery designers who will work together to develop color recommendations tailored to specific vehicle designs. Final materials will be used to produce the vehicles.

Report Scope

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion for value
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Key Countries Covered
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa
  • Israel
Kay Segments Covered
  • Product Type
  • Formulation
  • Application
  • Sales Channel
  • Price
  • Region
Key Companies Profiles
  • Akzo Nobel N.V.
  • Sherwin-Williams Company
  • PPG Industries, Inc.
  • Asian Paints Limited
  • NIPSEA GROUP (Nippon Paint)
  • Valspar Corporation
  • Jotun
  • BASF-SE
  • Berger Paints India Limited
  • RPM International Inc.
  • KANSAI Paints Co. Ltd
Customization & Pricing Available upon Request

Key Segments Covered in Decorative Paints Market Report

By Product Type:

  • Water-based Paints
  • Solvent-based Paints

By Formulation:

  • Emulsion-based Paints
  • Distemper

By Application:

  • Interior Paints
  • Exterior Paints

By Sales Channel:

  • Online
  • Offline

By Price:

  • Premium
  • Medium
  • Economical

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the current decorative paints market value?

The decorative paints market is anticipated to reach a valuation of US$ 63.34 billion in 2023.

What is the demand outlook for the decorative paints market?

The global decorative paints market is anticipated to witness a growth at 5.4% over the forecast period of 2023 and 2033 in terms of value

At what rate did the decorative paints market grow between 2017 and 2022?

The decorative paints market witnessed a growth at 5% CAGR between 2017 and 2022.

What are the key trends driving decorative paint sales?

Growing urbanization coupled with increasing construction of commercial buildings, improving the standard of living, and increasing demand for interior decoration and renovating of residential houses are driving sales.

Who are the leading players in the decorative paints market

The Sherwin-Williams Company, PPG Industries, Akzo Nobel N.V., RPM International, and Nippon Paints and Asian Paints among others are the key participants in the decorative paints market.

What is the demand outlook for United States decorative paints market?

Demand for decorative paints in United States is expected to grow at a 4.8% CAGR through 2033.

What is the Europe market outlook for decorative paints?

Europe decorative paints market is estimated to expand at a CAGR of 4.6% during the forecast period.

Who are the key exporters in the decorative paints market?

Key exporters in the decorative paints market are China, United States, Japan, Germany and Others.

Which are the top countries driving the decorative paints market demand?

Top countries driving the decorative paints demand are China, the United States, India, Japan, and Germany.

What is the current market share of South Korea in the global decorative paints market?

South Korea are expected to collectively account for over 9% of the total in 2023.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Water based paints

        5.3.2. Solvent based paints

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Formulation

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Formulation, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Formulation, 2023 to 2033

        6.3.1. Emulsion based paints

        6.3.2. Distemper

    6.4. Y-o-Y Growth Trend Analysis By Formulation, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Formulation, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Application, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Application, 2023 to 2033

        7.3.1. Interior Paints

        7.3.2. Exterior Paints

    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Sales Channel, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Sales Channel, 2023 to 2033

        8.3.1. Online

        8.3.2. Offline

    8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Price, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Price, 2023 to 2033

        9.3.1. Premium

        9.3.2. Medium

        9.3.3. Economical

    9.4. Y-o-Y Growth Trend Analysis By Price, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Price, 2023 to 2033

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis By Region, 2018 to 2022

    10.3. Current Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. Asia Pacific

        10.3.5. MEA

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. U.S.

            11.2.1.2. Canada

        11.2.2. By Product Type

        11.2.3. By Formulation

        11.2.4. By Application

        11.2.5. By Sales Channel

        11.2.6. By Price

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Formulation

        11.3.4. By Application

        11.3.5. By Sales Channel

        11.3.6. By Price

    11.4. Key Takeaways

12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Rest of Latin America

        12.2.2. By Product Type

        12.2.3. By Formulation

        12.2.4. By Application

        12.2.5. By Sales Channel

        12.2.6. By Price

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Formulation

        12.3.4. By Application

        12.3.5. By Sales Channel

        12.3.6. By Price

    12.4. Key Takeaways

13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. U.K.

            13.2.1.3. France

            13.2.1.4. Spain

            13.2.1.5. Italy

            13.2.1.6. Rest of Europe

        13.2.2. By Product Type

        13.2.3. By Formulation

        13.2.4. By Application

        13.2.5. By Sales Channel

        13.2.6. By Price

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Formulation

        13.3.4. By Application

        13.3.5. By Sales Channel

        13.3.6. By Price

    13.4. Key Takeaways

14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

            14.2.1.4. Singapore

            14.2.1.5. Thailand

            14.2.1.6. Indonesia

            14.2.1.7. Australia

            14.2.1.8. New Zealand

            14.2.1.9. Rest of Asia Pacific

        14.2.2. By Product Type

        14.2.3. By Formulation

        14.2.4. By Application

        14.2.5. By Sales Channel

        14.2.6. By Price

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Formulation

        14.3.4. By Application

        14.3.5. By Sales Channel

        14.3.6. By Price

    14.4. Key Takeaways

15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Product Type

        15.2.3. By Formulation

        15.2.4. By Application

        15.2.5. By Sales Channel

        15.2.6. By Price

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product Type

        15.3.3. By Formulation

        15.3.4. By Application

        15.3.5. By Sales Channel

        15.3.6. By Price

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. U.S.

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Product Type

            16.1.2.2. By Formulation

            16.1.2.3. By Application

            16.1.2.4. By Sales Channel

            16.1.2.5. By Price

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Product Type

            16.2.2.2. By Formulation

            16.2.2.3. By Application

            16.2.2.4. By Sales Channel

            16.2.2.5. By Price

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Product Type

            16.3.2.2. By Formulation

            16.3.2.3. By Application

            16.3.2.4. By Sales Channel

            16.3.2.5. By Price

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Product Type

            16.4.2.2. By Formulation

            16.4.2.3. By Application

            16.4.2.4. By Sales Channel

            16.4.2.5. By Price

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Product Type

            16.5.2.2. By Formulation

            16.5.2.3. By Application

            16.5.2.4. By Sales Channel

            16.5.2.5. By Price

    16.6. U.K.

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Product Type

            16.6.2.2. By Formulation

            16.6.2.3. By Application

            16.6.2.4. By Sales Channel

            16.6.2.5. By Price

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Product Type

            16.7.2.2. By Formulation

            16.7.2.3. By Application

            16.7.2.4. By Sales Channel

            16.7.2.5. By Price

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Product Type

            16.8.2.2. By Formulation

            16.8.2.3. By Application

            16.8.2.4. By Sales Channel

            16.8.2.5. By Price

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Product Type

            16.9.2.2. By Formulation

            16.9.2.3. By Application

            16.9.2.4. By Sales Channel

            16.9.2.5. By Price

    16.10. China

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Product Type

            16.10.2.2. By Formulation

            16.10.2.3. By Application

            16.10.2.4. By Sales Channel

            16.10.2.5. By Price

    16.11. Japan

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Product Type

            16.11.2.2. By Formulation

            16.11.2.3. By Application

            16.11.2.4. By Sales Channel

            16.11.2.5. By Price

    16.12. South Korea

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Product Type

            16.12.2.2. By Formulation

            16.12.2.3. By Application

            16.12.2.4. By Sales Channel

            16.12.2.5. By Price

    16.13. Singapore

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Product Type

            16.13.2.2. By Formulation

            16.13.2.3. By Application

            16.13.2.4. By Sales Channel

            16.13.2.5. By Price

    16.14. Thailand

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Product Type

            16.14.2.2. By Formulation

            16.14.2.3. By Application

            16.14.2.4. By Sales Channel

            16.14.2.5. By Price

    16.15. Indonesia

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Product Type

            16.15.2.2. By Formulation

            16.15.2.3. By Application

            16.15.2.4. By Sales Channel

            16.15.2.5. By Price

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Product Type

            16.16.2.2. By Formulation

            16.16.2.3. By Application

            16.16.2.4. By Sales Channel

            16.16.2.5. By Price

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Product Type

            16.17.2.2. By Formulation

            16.17.2.3. By Application

            16.17.2.4. By Sales Channel

            16.17.2.5. By Price

    16.18. GCC Countries

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Product Type

            16.18.2.2. By Formulation

            16.18.2.3. By Application

            16.18.2.4. By Sales Channel

            16.18.2.5. By Price

    16.19. South Africa

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Product Type

            16.19.2.2. By Formulation

            16.19.2.3. By Application

            16.19.2.4. By Sales Channel

            16.19.2.5. By Price

    16.20. Israel

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Product Type

            16.20.2.2. By Formulation

            16.20.2.3. By Application

            16.20.2.4. By Sales Channel

            16.20.2.5. By Price

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Product Type

        17.3.3. By Formulation

        17.3.4. By Application

        17.3.5. By Sales Channel

        17.3.6. By Price

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Akzo Nobel N.V.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

                18.1.1.5.2. Product Strategy

                18.1.1.5.3. Channel Strategy

        18.1.2. Sherwin – Williams Company

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

                18.1.2.5.2. Product Strategy

                18.1.2.5.3. Channel Strategy

        18.1.3. PPG Industries, Inc.

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

                18.1.3.5.2. Product Strategy

                18.1.3.5.3. Channel Strategy

        18.1.4. Asian Paints Limited

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

                18.1.4.5.2. Product Strategy

                18.1.4.5.3. Channel Strategy

        18.1.5. NIPSEA GROUP (Nippon Paint)

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

                18.1.5.5.2. Product Strategy

                18.1.5.5.3. Channel Strategy

        18.1.6. Valspar Corporation

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

                18.1.6.5.2. Product Strategy

                18.1.6.5.3. Channel Strategy

        18.1.7. Jotun

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

                18.1.7.5.2. Product Strategy

                18.1.7.5.3. Channel Strategy

        18.1.8. BASF-SE

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

                18.1.8.5.2. Product Strategy

                18.1.8.5.3. Channel Strategy

        18.1.9. Berger Paints India Limited

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

                18.1.9.5.2. Product Strategy

                18.1.9.5.3. Channel Strategy

        18.1.10. RPM International Inc.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

                18.1.10.5.2. Product Strategy

                18.1.10.5.3. Channel Strategy

        18.1.11. KANSAI Paints Co., Ltd.

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

                18.1.11.5.2. Product Strategy

                18.1.11.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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