Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The decorative coatings are also called as the Architectural coatings. The decorative coatings are used to give the aesthetic finish to the interior and the exterior finish for the commercial and non-commercial apartments. The main purpose is to give the decorative and secondly to provide the protection against the corrosion, cracks, water damage, fungus, moisture and U.V. radiation. These coating improve the visual appearance of the ceiling, wood, flooring, metal as well as the plastic. They are having the high usage as the civilization of the United states is improved. It is in a high demand for the decorative purposes.
The United States is experiencing a great growth in the decades. the leading market growth factors are growth of the construction industry, environment-friendly coating systems, durable coating with performance are leading the market towards to the growth. However, the changing costs of the raw materials are hampering the market growth.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the decorative coating market. In addition, complete analysis of changes on decorative coating expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on United States economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market is gets hampered by the covid-19 as there is lockdown in majority of regions and due to that the majority of market’s are get hampered.
The United States market of the coating market is segmented by resin type, technology, coating type, product type and application.
The different resins like acrylic, alkyd, vinyl, polyurethane and others are identified during the study in the decorative coating market in the United States. The acrylic is most widely used in the segment and following to that vinyl, alkyd, polyurethane and others also showing the tremendous growth in the segment. The vinyl resins are having excellent adhesion properties to the metals, tin, aluminium foils and paper.
The certain technologies like water bone, solvent borne, powder coating is comprised in the study of the United States region of the decorative coatings. The water borne technology is used widely as there growing in the infra-structure, increase in the populations in the united states. Due to their smooth and glossy finishes. The water borne is has application like doors, trims, window frame, interior and exterior walls and wood vanishes. And because of that they are leading the segment.
The different coating type like interior, exterior and other like rooftop, floor, wood is comprised during the study in the segment of coating type in the United States. The segment is leaded by the interior and the exterior coating as they give the protection from the dirt, pollutions, bacterial flora, extreme heat and the U.V. rays and due to that it is growing rapidly in the segments. And following to that coating type like rooftop, floor and wood are also showing the great progress in the segment.
The decorative coating market in the united states Is segmented by the product type like emulsions, wood coatings, enamels and others. The wood coating is also sub-segmented as the varnishes and stains are comprised in the study. The emulsion is having the highest share in the segment as it provides the protection against the U.V. rays, bacterial flora and the extreme heat. And due to that having the highest market share.
The United States market has the various applications in the decorative coating market like residential and non-residential constructions. The residential constructions are sub-segmented as the new constructions and the remodel and repair. The residential section has the leader in the segment as there is increase in the population and growing infra-structure and increasing in the civilization has projected the markets growth of the segments.
The major key players like The Sherwin-Williams Company, Akzo Nobel N.V., Asian Paints Limited, Brillux GmbH & Co. Kg, Carpoly Chemical Group Co., LTD., Cloverdale Paint Inc., Diamond-Vogel Paint Company, Dulux group LTD., Hempel A/S, H-I-S Coatings and Paint Manufacturing Co., Jotun Group, Kelly-Moore Paints, Lanco Paints, Masco Corporation, Nippon Paint Holdings Co., LTD. among the others.
The study analyses the United States market of the decorative coating market segments by resin type, technology, coating type, product type, application. The leader of resin type is acrylic resins. The segment of the technology is headed by the powder coating and the product type, application is leaded by the emulsion, residential respectively. The study also analysed the global impact of the covid-19 impact on the global market of the decorative coatings. The market is gets hampered by the covid-19 as there is lockdown in majority of regions and due to that the majority of market’s are get hampered. The study also analyses the major key players in the region.
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