Valspar paint full version#

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.

Valspar paint full version#

are some of the key companies profiled in the full version of the report. As per FMI, the demand for decorative paints will be especially high in the Middle East and Africa, Eastern Europe, and the Asia Pacific.Īkzo 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. Expansion of the construction sector will continue boosting decorative paint sales in India, China and GCC countries.Growing construction of residential, commercial, and institutional buildings is expected to drive market growth.Powered with high disposable income, consumers’ demand preference has shifted to paints with highly resilient characteristics along with a modern taste of aestheticism.Rapid urbanization, improving the standard of living, and the growing interest of customers in improving the aesthetic appeal of their homes and residential buildings have led to increasing demand for decorative paints.A higher focus on sustainability will fuel demand for VOC paints in the decorative paints market. The introduction of low VOC paints has been among the primary product innovations in the paints industry.Urbanization is contributing significantly to sales of domestic consumer products at a stable CAGR of 4.3% over the forecast period, from 2021 to 2031.The decorative paints market represented nearly 40% of sales in the paints and coatings industry in 2020. Surging demand for interior decorations, renovating residential houses, coupled with urbanization, industrial growth, and expansion of infrastructure are some of the factors driving the decorative paints industry.Ĭonsidering this, FMI has projected the market valuation to reach US$ 87.8 Bn by 2031 end. The market is likely to witness a growth of 4.3% CAGR during the coming assessment period of 20.įMI also forecasts the global decorative paints market to register year-on-year growth of 4.0% in 2021. Growing construction of residential, commercial, and institutional buildings is expected to drive market growth. NEWARK, Del, J(GLOBE NEWSWIRE) - According to a detailed study by Future Market Insights (FMI) it has been estimated that the decorative paint market value is expected to surpass US$ 57.8 Bn in 2021.