Decorative coatings improve the style of and give assurance to surfaces. They are applied to business and private structures. These coatings shield surfaces from components, for example, dampness, UV radiation, and microorganisms. Decorative coatings incorporate paints, wood stains or straightforward coatings, finishes, and veneers for floors, rooftops, dividers, roofs, decks, asphalts, walkways, solid surfaces, and other structure and development applications. Reproduction and redesign exercises in the development division are pushing the worldwide decorative coatings advertise.
Based on resin, the decorative coatings market has been segmented into acrylics, polyurethanes, alkyds, vinyl acetate emulsions, epoxies, and other resins such as polyester and fluropolymer. Advantages of acrylics include excellent color and gloss retention, maintenance of film clarity, and resistance to chalking. Acrylic-based decorative coatings can be applied in the form of water-borne coatings or solvent-borne coatings. Acrylics binders with superior pigment-binding capacity and water-resistance are preferred over other types of binders.
Polyurethanes are commonly used for decorative metal coatings. Polyurethane coatings offer flexibility in terms of finishes, which include high-gloss finish, semi-gloss finish, and matte finish. They are often used as a topcoat on epoxy primer. Key properties of polyurethanes are weather resistance, corrosion resistance, abrasion resistance, chemical resistance, and oil resistance. Expansion of the segment can be attributed to properties of polyurethanes such as high tensile strength and abrasion resistance.
In terms of technology, the decorative coatings market has been classified into water-borne, solvent-borne, UV-cured, and other technologies, which include powder-based and oil-based. The water-borne segment is estimated to expand rapidly during the forecast period due to their eco-friendly nature. Water-borne decorative coatings meet the standards imposed by the U.S. and European Union on VOC emissions.