Decorative Paints Industry Size, Share, Demand & Growth by 2033
According to Future Market Insights, the decorative paints industry size is expected to grow
from USD 63.34 billion in 2023 to USD 108 billion in 2033. It is expected that the market
will grow at a CAGR of 5.4% during the forecast period.
The decorative painting process provides a wide variety of designs, styles, and textures for
individuals to select from.
Decor technique, mainly used in interior design, has developed into a major player in the
renovation of houses, apartments, commercial premises, kitchens, and bathrooms. In the past,
it was purely a professional paint, but now it is popular with homeowners who wish to
repurpose their homes.
Decorative paint industry innovation and growth have increased significantly in recent years.
As an eco-friendly and sustainable paint option has become more popular, manufacturers
have spent a great deal of time in research and development to create low-VOC water-based
paints and other environmentally friendly finishes.
Technology such as virtual reality is being used by many companies to improve customer
engagement and experience.
Paint the Future, an initiative of AkzoNobel, and Asian Paints’ research and technology
organization are also driving industry innovation. As a whole, the decorative paints industry
is poised for growth, with more sustainable products and innovation in its future.
Decorative paints are expected to see high growth in demand over the next few years in India.
The government’s initiative to invest in infrastructure, schemes such as Housing for All in
India is likely to gain traction in the market.
GST on paints is set to be reduced from 28% to 18%, which will boost demand for paints.
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Key Takeaways:

Due to their superior performance characteristics, water-based decorative paints are
expected to replace solvent-based paints in the near future. It is estimated that the
segment will grow at a CAGR of 5% over the next decade.

The market share of decorative paints applied to the interior in Europe is expected to
reach 77% by 2023.

The United States. decorative paint market is expected to grow by 4.8% CAGR
between 2023 and 2033.

Sales of decorative paints are expected to grow at 5.7% CAGR in India over the next
decade.

The decorative paints industry share is expected to reach about 9% in Japan and South
Korea by 2023.

In 2023, China is expected to hold a 73% share of the East Asia decorative paints
market.
Wettbewerbslandschaft:
Die Dekorfarbenindustrie expandiert und dringt in neue Märkte ein. Dabei setzt sie sowohl
auf anorganische als auch auf organische Strategien. Dabei kommen mehrere dieser
Strategien zum Einsatz, darunter Fusionen und Übernahmen, Partnerschaften und die
Einführung neuer Produkte.
Weitere wertvolle Erkenntnisse verfügbar:
Future Market Insights bietet eine unvoreingenommene Analyse des globalen Marktes für
dekorative Farben und stellt historische Daten für 2018 bis 2022 sowie Prognosestatistiken
für 2023 bis 2033 bereit.
Um die Chancen auf dem Markt für dekorative Farben zu verstehen, wird der Markt nach
Produkttyp (wasserbasierte Farben und lösemittelbasierte Farben), Formulierung
(emulsionsbasierte Farben und Leimfarben), Anwendung (Innenfarben und Außenfarben),
Vertriebskanal (online und offline) und Preis (Premium, mittel und günstig) in fünf
Hauptregionen (Nordamerika, Lateinamerika, Europa, Asien-Pazifik und Naher Osten und
Afrika) segmentiert.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
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from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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