The decorative paints industry is expected to be driven by the growing construction of residential, commercial, and institutional buildings across the world. The market is likely to witness a 5.4% CAGR during the coming assessment period of 2023 and 2033.
Surging demand for interior decorations, and renovating residential houses, coupled with urbanization, industrial growth, and expansion of infrastructure are some of the factors driving the decorative paints industry. FMI has projected the market valuation to reach US$ 108 billion by 2033 end. The decorative paints market represented nearly 45% of sales in the paints and coatings industry in 2022.
Decorative paints will become more popular if they have unique finishes and textures. Metallic finishes, textured surfaces, and even 3D-printed patterns will become possible with paints manufactured by manufacturers. Consumers will be able to create visually appealing and personalized spaces thanks to these innovations.
Antimicrobial paints are increasingly in demand due to increased attention being paid to health and hygiene. Painting surfaces can inhibit bacterial growth, mold, and other microorganisms, contributing to a healthier indoor environment. As a result of anti-allergenic paints, pollutant and allergen levels in the air are helped to decrease, thus improving the quality of the air.
The use of decorative paint in a smart home can be integrated with electrical and heating control as well as the display of digital content on painted surfaces. Painting spaces with this integration will improve their aesthetics and functionality, improving their immersive quality.
Artists or designers collaborating with paint manufacturers will drive innovation in decorative paints. A wide range of color palettes, patterns, and artistic effects can be created, allowing consumers to express themselves individually.
Bu hikaye COATINGS AND ANTI CORROSION ENGINEERING REVIEW dergisinin August/September 2023 sayısından alınmıştır.
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Bu hikaye COATINGS AND ANTI CORROSION ENGINEERING REVIEW dergisinin August/September 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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