The global market value of decorative coatings will reach US $67 billion in 2019

According to the results of a recent study, the global market size of decorative coatings will reach US $67 billion in 2019, and it is expected to reach US $82.4 billion by 2024, with a compound annual growth rate of 4.2% It is pointed out that the powder coating is the fastest growing variety in the field of decorative coating in the next few years, which benefits from the relatively low coating cost, high construction efficiency, zero VOC emission, flame retardant and other advantages of powder coating From the perspective of architecture, wood grain effect is becoming more and more popular Powder coating is characterized by no solvent, low pollution and less hazardous waste Moreover, with the increasing demand for special appearance effects (such as metal flash effect, bionic effect, gloss effect, etc.), the market demand for powder coating continues to rise From the perspective of resin, acrylic resin has excellent weather resistance, oxidation resistance, UV resistance, light retention and color retention, which can protect the substrate from rain, snow, UV and other erosion and degradation, so the application of acrylic resin in decorative coatings is the largest In terms of market regions, the Asia Pacific region has the fastest growth rate, followed by Europe and North America It is pointed out that the economic development and large population in Asia Pacific region promote the development of decorative coatings market According to the United Nations Population Fund, the Asia Pacific region accounts for 60% of the world's population, which is an important driver of global infrastructure development In particular, the residential and non residential construction industries in China and India will continue to develop in the future, so as to promote the market development of decorative coatings The main manufacturers of decorative coatings in the world include: Akzo Nobel of the Netherlands, Xuanwei of the United States, Kansai coatings of Japan, Asian coatings of India, Nippon, BASF of Germany, Musco of the United States, Jotun of Norway, lipaimer of the United States, etc.