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Global Decorative Coating Market - Forecasts from 2018 to 2023

https://www.bharatbook.com

The Global Decorative Coating Market is estimated to grow to US$103.548 billion by 2023, increasing from US$76.900 billion in 2017 at a CAGR of 5.08% over the forecast period. Enhanced durability and appearance of the surface and weather protection are some of the factors boosting the demand for decorative coatings from the real state industry over the forecast period. Additionally, rising disposable income across the globe, increased awareness among consumers about decorative designs and the growing craze for interior designing are further expected to drive the market growth. Significant infrastructure development in emerging economies of Asia Pacific coupled with rising spending in current fiscal budgets by the government of India and China are the key factors behind the growth of decorative coating market in this region. However, harmful environmental effects by solvent-borne coatings coupled with stringent environmental regulations are expected to serve as a key market challenge over the next five years.

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Created by aadolfst01 1 year 32 weeks ago – Made popular 1 year 32 weeks ago
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