Decorative Coatings Market To Witness Rapid Development
Decorative Coatings Market Summary The global decorative coatings market size was valued at USD 83.91 billion in 2023 and is projected to reach USD 116.40 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This growth is primarily supported by rising construction activities worldwide and increasing investments in residential and commercial infrastructure. The increasing global construction output in emerging economies such as China, India, and others drives market growth, as these countries continue to expand their urban and industrial landscapes. These developmental activities result in increased construction and, consequently, the need for decorative coatings in residential and commercial buildings. Decorative coatings are widely used to enhance the visual appeal of structures while also providing surface protection. Rising urbanization, especially in developing nations, is resulting in higher rates of demand for shelter and infrastructure development. As...