Global decorative paint market value of $67 billion in 2019

according to a recent study, the global decorative coatings market reached $67 billion in 2019 and is expected to reach $82.4 billion by 2024, with a COMPOUND annual growth rate of 4.2 percentresearch points out that powder coatings are the fastest growing variety in the field of decorative coatings in the next few years, thanks to the relatively low coating cost of powder coatings, high construction efficiency and zero VOC emissions, non-combustible and other advantagesFrom the architectural field, wood pattern effect is more and more favored, powder coatings because of solvents, low pollution, less harmful waste and so on, and, with the special appearance effect (such as metal flash effect, bionic effect, gloss effect, etc.) demand is also more and more, which makes the market demand for powder coatings continue to risefrom the point of view of resin, acrylic resin has excellent weather resistance, antioxidant resistance, uv resistance, color preservation, etc., can protect the substrate from rain, wind, ultraviolet and other erosion and degradation, so acrylic resin in decorative coatings the largest amount of applicationAsia-Pacific asia-pacific region sittests in terms of market regions, followed by Europe and North AmericaThe analysis points out that the development of the economy of the Asia-Pacific region and the large population are promoting the development of the decorative coatings marketAccording to the United Nations Population Fund, the Asia-Pacific region accounts for 60 per cent of the world's population, which is an important driver of global infrastructure developmentIn particular, the residential and non-residential construction industries in China and India will continue to grow for some time to come, thus driving the market for decorative coatingsmajor manufacturers of decorative coatings in the world include: AkzoNobel of the Netherlands, Xuanwei of the United States, Kansai Coatings of Japan, Asia Coatings of India, Libang, Germany, BASF, Masco of the United States, Jotun, Norway, and Lipai Mai of the United States