Five facts about decorative coatings

From the discount paint of your first house to the high quality paint of professionals. Decorative paint is probably the most used paint in our daily life. There are enough reasons to present five facts about the global construction coatings market online coating.com. Around the world, the middle class is growing, especially in emerging markets. This has a direct impact on the decorative paint market, thanks to the new middle class investing in better housing. For this reason, in particular, market researchers predict that even if the current uncertain global economic outlook generates some question marks here, decorative coatings will have considerable growth in the next few years. Market size the number of decorative coatings market size depends on the market research company you require. According to IRL, the market value of decorative paint in 2018 is 59.6 billion euros and the output is 32 million tons. Paint market share decorative paint is the largest single market segment in the global paint and varnish Market, accounting for 54% or more of the total. The value is slightly lower. However, the value share remains impressive at 42%. The largest market of architectural coatings is in Asia Pacific region. Europe is second with 28% market share. North America ranks third with a market share of just 19%. Although the continent's market share is still small, it is currently said that some markets in Africa are growing at a particularly high rate. Water based coatings are more advanced than most other market areas. Globally, the figure has reached 85 per cent. Especially in severe corrosion protection, it is difficult to change the solvent, so the difficulty of decorative coating is not so high. Regional distribution the regional distribution of water-based decorative coatings basically follows the regional distribution of all decorative coatings. The deviation mainly occurs in Asia and Europe. Asia Pacific has a slightly higher market share of 40%, while Europe has a lower market share of 24%.