New Report Highlights Factors Driving Market Growth and Key Players
The latest report on the decorative exterior materials market reveals that global demand has reached an estimated value of US$ 285 billion by the end of 2024. The market is poised to witness significant growth, ultimately reaching a valuation of US$ 420 billion by 2031.
GCC Countries: Significant investments in residential and non-residential building construction, government initiatives, and economic diversification in GCC countries, including Saudi Arabia, UAE, and Qatar, are propelling the demand for decorative exterior materials.
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The latest report on the decorative exterior materials market reveals that global demand has reached an estimated value of US$ 285 billion by the end of 2024. The market is poised to witness significant growth, ultimately reaching a valuation of US$ 420 billion by 2031.
Market Growth Drivers
The substantial growth in demand for decorative exterior materials can be attributed to several key factors:
- Increase in Net Disposable Income: The rise in net disposable income among consumers has led to an increased interest in decorating and enhancing outdoor spaces, such as gardens, balconies, and other outdoor areas, driving the demand for decorative exterior materials.
- Urbanization: The ongoing urbanization trend has created a surge in construction activities, leading to a higher demand for these materials for both residential and commercial properties.
- Outdoor Furniture Demand: The preference for decoration and comfort in outdoor spaces has fueled the demand for outdoor furniture, further benefiting the decorative exterior materials market.
Regional Highlights
- East Asia: East Asia remains a prominent market due to robust development in the construction sector and significant growth in residential building construction in recent years.
- South Asia Pacific: The South Asia Pacific region is witnessing substantial growth in construction and infrastructure sectors, driven by increased foreign direct investment. This growth is expected to contribute significantly to the demand for decorative exterior materials.
Opportunities for Market Expansion
The report also highlights key opportunities for market expansion:
- Development of Smart Materials: Growing interest in smart and efficient exterior materials is expected to open new application areas. Innovations such as Saint Gobain's sage glass demonstrate the potential for smart materials in the market.
- Investment in Emerging Markets: Significant investments in emerging countries like India, Brazil, and ASEAN nations in the infrastructure and construction sectors offer ample growth opportunities. Additionally, economic recovery and real estate growth in China are expected to further augment the market.
Impact of Raw Material Pricing
The report notes that the decorative exterior materials market is highly sensitive to fluctuations in raw material prices. Factors such as changes in inflation rates, government policies, and interest rates can lead to price fluctuations. Volatility in raw material prices can adversely affect businesses in the market, impacting the final product prices and profitability.Country-wise Analysis
India: India accounts for more than 39% of the South Asia Pacific market, driven by high-rise building construction in tier-1 cities, increased outdoor furniture sales, and vehicle production.GCC Countries: Significant investments in residential and non-residential building construction, government initiatives, and economic diversification in GCC countries, including Saudi Arabia, UAE, and Qatar, are propelling the demand for decorative exterior materials.
Competitive Landscape
The decorative exterior materials market features key players striving to expand their market presence. These companies are focusing on strengthening their supply chain networks and increasing their product offerings to meet the growing demand for decorative exterior materials. The market is characterized by its fragmentation, with several players operating globally.Key Market Players
- LX Hausys Ltd.
- OMNOVA Solutions, Inc.
- ERGIS S.A.
- AVERY DENNISON CORPORATION
- JINDAL POLY FILMS Ltd.
- Klöckner Pentaplast Group
- Folienwerk Wolfen GmbH
- Mondoplastico S.p.A.
- RENOLIT
- AVI Global Plast Pvt. Ltd.
- MACRO PLASTIC SDN. BHD.
- Peiyu Plastics Corporation
- Hanwha L&C
- Konrad Hornschuch AG
- Fine Decor GmbH
- Alfatherm s.p.a.
- C.I. TAKIRON Corporation
- RTP Company, Inc.
- Schweitzer-Mauduit International, Inc. (SWM)
- Covestro AG
- LyondellBasell Industries Holdings N.V.
- Nihon Matai Co., Ltd.
- PROTECHNIC SA
- Victrex plc.
- Mitsubishi Chemical Corporation
- E.I. du Pont de Nemours and Company
- Schuco International KG
- Saint Gobain
- Alcoa Corporation
- Rieder Smart Elements GmbH
- Asahi Building Wall Co., Ltd.
- Trelleborg
- Ulma Architectural Solutions
- Armacell
- Kalwall
- Lixil Group Corporation
- Lindner Group
- Yuanda China Holdings Limited
- Toro Aluminium Group of Companies
Key Segments Covered in Decorative Exterior Materials Industry Research
By Application:
- Window Frame
- Decorative Films/Laminates
- Wood
- Metal
- Others
- Exterior Door
- Decorative Films/Laminates
- Wood
- Metal
- Others
- Façade(Cladding/Siding)
- Decorative Films/Laminates
- Wood
- Glass
- Bricks, Stone/ Terracotta
- Ceramic/ Porcelain
- Others
- Outdoor Flooring
- Decorative Films/Laminates
- Tiles
- Wood
- Wood-plastic composite (WPC)
- Outdoor Furniture
- Decorative Films/Laminates
- Wood
- Metal
- Others
- Automotive Exterior
- Decorative Films
- Paints & Coatings
By End Use:
- Residential
- Commercial
- Institutional
- Transportation
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Table of Contents
1. Executive Summary
2. Market Overview
3. Global Decorative Exterior Materials Market Outlook, 2018 - 2031
4. North America Decorative Exterior Materials Market Outlook, 2018 - 2031
5. Europe Decorative Exterior Materials Market Outlook, 2018 - 2031
6. Asia Pacific Decorative Exterior Materials Market Outlook, 2018 - 2031
7. Latin America Decorative Exterior Materials Market Outlook, 2018 - 2031
8. Middle East & Africa Decorative Exterior Materials Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- LX Hausys Ltd
- OMNOVA Solutions, Inc.
- ERGIS S.A.
- AVERY DENNISON CORPORATION
- JINDAL POLY FILMS Ltd.
- Klöckner Pentaplast Group
- Folienwerk Wolfen GmbH
- Mondoplastico S.p.A.
- RENOLIT
- AVI Global Plast Pvt. Ltd.
- MACRO PLASTIC SDN. BHD.
- Peiyu Plastics Corporation
- Hanwha L&C
- Konrad Hornschuch AG
- Fine Decor GmbH
- Alfatherm s.p.a.
- C.I. TAKIRON Corporation
- RTP Company, Inc.
- Schweitzer-Mauduit International, Inc. (SWM)
- Covestro AG
- LyondellBasell Industries Holdings N.V.
- Nihon Matai Co., Ltd.
- PROTECHNIC SA
- Victrex plc.
- Mitsubishi Chemical Corporation
- E.I. du Pont de Nemours and Company
- Sch?co International KG
- Saint Gobain
- Alcoa Corporation
- Rieder Smart Elements GmbH
- Asahi Building Wall Co., Ltd.
- Trelleborg
- Ulma Architectural Solutions
- Armacell
- Kalwall
- Lixil Group Corporation
- Lindner Group
- Yuanda China Holdings Limited
- Toro Aluminium Group of Companies
Methodology
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