The global decorative coatings market was USD 65 billion in 2018 and is projected to reach USD 82 billion by 2023, at a CAGR of 5%, between 2018 and 2023. Decorative coatings are applied to the interior and exterior surfaces of residential, commercial, institutional and industrial buildings. These coatings are used at room temperature. On the basis of their usage for aesthetic and protective purposes, decorative coatings can be categorized into surface preparatory products such as putty and primer; and paints used for aesthetic and protective purposes, namely, top coat and base coat. The top coat and base coat impart aesthetic properties, as well as weather resistance, washability, anti-fungal and anti-dampening properties to the surface.