Texture Paint Market
Texture Paint Market Forecasts to 2030 - Global Analysis By Product Type (Exterior, Interior and Other Product Types), Type, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $13.3 BN |
|
Projected Year Value (2030) |
US $20.5 BN |
|
CAGR (2023 - 2030) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Texture Paint Market is accounted for $13.3 billion in 2023 and is expected to reach $20.5 billion by 2030 growing at a CAGR of 6.3% during the forecast period. Walls are given a more textured appearance and feel by texture a paint, which raises both their aesthetic and practical value. In order to hide defects and protect the wall surfaces from the environment, they also fill any gaps or crevices in the wall surfaces. Texture paint is used to give the outside and interior walls of commercial and residential buildings a textured feel and look for aesthetic purposes. In contrast to regular paints, texture paints contain resins and other compounds that preserve the texture even after the paint has dried.
According to the EPA, some paints contain as much as 35% of their weight in VOCs, while others can be as low as zero percent. The amount of VOCs released from paint depends on factors such as how it is mixed and applied, ventilation, and the type of surface it is being used on.
Market Dynamics:
Driver:
Increasing demand in construction Sector
As the construction sector continues to develop, the demand for texture paint is expected to rise due to its ability to improve the appearance, preserve surfaces, and provide design flexibility. This opens up prospects for producers, suppliers, and industry experts in the texture paint market to meet the demands of the building industry. However, a burgeoning middle class with greater purchasing power is what is driving the need for texture paint.
Restraint:
Harmful effects of texture paints on human health
The widespread usage of texture paints in both residential and non-residential sectors can be hampered by the volatile organic component elements in them. In order to reduce the influence on human health, governing organisations are putting strict laws and policies into place. Furthermore, the presence of intricate designs, large fractures, or porous textures can trap dirt, increasing the time and labour required for cleaning and maintenance. Therefore, these elements are limiting market expansion.
Opportunity:
New technologies and innovations
The building industry's demand for textured paints is anticipated to increase as a result of new technologies and advancements. Building new industrial and commercial facilities and expanding multiple already-existing firms necessitate construction and renovation work on existing buildings. The market for texture paint should expand as a result of this, as well as the expansion of interior design and the rising demand for house interiors.
Threat:
High cost of texture paint
Due to the additional materials and particular techniques needed to produce textured surfaces, texture paint can be more expensive than ordinary paint. Economical consumers could be discouraged from choosing texture paint over less expensive alternatives due to this added cost. Smooth surfaces might require additional cleaning or priming, which would add to the process' overall time and cost. The market's potential customer base may be constrained by this restriction on application surfaces.
Covid-19 Impact
The Covid-19 outbreak is causing problems for the texture paint manufacturers, including delays in getting raw supplies. Additionally, the expansion of the texture paints industry is being negatively impacted by import and export limitations. Construction activity has decreased due to a drop in income. The construction of new structures has completely stopped, which has resulted in a decline in the market for texture paints. In addition, the pandemic's effects on consumer spending habits made refurbishment and the purchase of visually appealing products less important.
The interior segment is expected to be the largest during the forecast period
The interior segment is estimated to have a lucrative growth, due to the increasing use of texture paints for home interior. Additional elements that are anticipated to boost demand for interior textured paints throughout the forecast period include rising living standards and infrastructural development in emerging nations. The domestic market is growing as a result of rising living standards, infrastructure improvements, and an increase in the usage of textured paints for home interior design.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its aesthetic and functional value. A form of paint known as texture paint is created specifically for use in homes and other domestic structures. It is an ornamental paint that gives walls depth and texture, giving them a distinctive appearance. From coarse to fine, texture paints are available in a range of finishes and can be used to create a variety of effects. Some texture paints may use fillers like silica or marble dust to enhance the texture.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing demand from commercial and residential sectors. A few of the factors boosting the market's growth are the continuing infrastructure initiatives and rising disposable incomes. The demand for texture paint is directly influenced by the rising expenditure in infrastructure construction. The market for texture paint products is fueled by urban dwellers' need for distinctive finishes and textured surfaces.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the rising demand for environmentally friendly and sustainable products. Traditional paints are increasingly being replaced by decorative and textured paints. The increased number of rehabilitation and restoration projects in historic buildings and sites is also predicted to increase demand for texture paints in the area. The industry is developing in part as a result of the rising demand for environmentally friendly and sustainable texture paints.
Key players in the market
Some of the key players profiled in the Airport Ground And Cargo Handling Services Market include PPG Industries, Inc., Kansai Paint Co., Ltd., Asian Paints Ltd., Nippon Paint Holdings Co., Ltd., RPM International Inc., Berger Paints India Limited, The Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, DuluxGroup Limited, PPG Paints, Kalyani Enterprises, National Paints, Hempel A/S, California Paints, Spontex Coating Chemicals and Spctra Texture Wall Coating Pvt. Ltd.
Key Developments:
In September 2022, Hempel A/S, has acquired the Cap Couleurs Group’s store network in South-East France, maintaining Hempel’s segment leadership in the Var region and supporting its growth initiatives.
In April 2022, AkzoNobel N.V. Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth
Product Types Covered:
• Exterior
• Interior
• Other Product Types
Types Covered:
• Sand Texture Paint
• Premixed Paint
• Self-Mixing Paint
• Smooth Texture Paint
• Other Types
Applications Covered:
• Commercial
• Industrial
• Residential
• Other Application
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Texture Paint Market, By Product Type
5.1 Introduction
5.2 Exterior
5.3 Interior
5.4 Other Product Types
6 Global Texture Paint Market, By Type
6.1 Introduction
6.2 Sand Texture Paint
6.3 Premixed Paint
6.4 Self-Mixing Paint
6.5 Smooth Texture Paint
6.6 Other Types
7 Global Texture Paint Market, By Application
7.1 Introduction
7.2 Commercial
7.3 Industrial
7.4 Residential
7.5 Other Applications
8 Global Texture Paint Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 PPG Industries, Inc.
10.2 Kansai Paint Co., Ltd.
10.3 Asian Paints Ltd.
10.4 Nippon Paint Holdings Co., Ltd.
10.5 RPM International Inc.
10.6 Berger Paints India Limited
10.7 The Sherwin-Williams Company
10.8 Akzo Nobel N.V.
10.9 BASF SE
10.10 DuluxGroup Limited
10.11 PPG Paints
10.12 Kalyani Enterprises
10.13 National Paints
10.14 Hempel A/S
10.15 California Paints
10.16 Spontex Coating Chemicals
10.17 Spctra Texture Wall Coating Pvt. Ltd.
List of Tables
1 Global Texture Paint Market Outlook, By Region (2021-2030) ($MN)
2 Global Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
4 Global Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
5 Global Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
6 Global Texture Paint Market Outlook, By Type (2021-2030) ($MN)
7 Global Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
8 Global Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
9 Global Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
10 Global Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
11 Global Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
12 Global Texture Paint Market Outlook, By Application (2021-2030) ($MN)
13 Global Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
14 Global Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
15 Global Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
16 Global Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
17 North America Texture Paint Market Outlook, By Country (2021-2030) ($MN)
18 North America Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
19 North America Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
20 North America Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
21 North America Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
22 North America Texture Paint Market Outlook, By Type (2021-2030) ($MN)
23 North America Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
24 North America Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
25 North America Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
26 North America Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
27 North America Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
28 North America Texture Paint Market Outlook, By Application (2021-2030) ($MN)
29 North America Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
30 North America Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
31 North America Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
32 North America Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
33 Europe Texture Paint Market Outlook, By Country (2021-2030) ($MN)
34 Europe Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
35 Europe Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
36 Europe Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
37 Europe Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
38 Europe Texture Paint Market Outlook, By Type (2021-2030) ($MN)
39 Europe Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
40 Europe Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
41 Europe Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
42 Europe Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
43 Europe Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
44 Europe Texture Paint Market Outlook, By Application (2021-2030) ($MN)
45 Europe Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
46 Europe Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
47 Europe Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
48 Europe Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
49 Asia Pacific Texture Paint Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
51 Asia Pacific Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
52 Asia Pacific Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
53 Asia Pacific Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
54 Asia Pacific Texture Paint Market Outlook, By Type (2021-2030) ($MN)
55 Asia Pacific Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
56 Asia Pacific Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
57 Asia Pacific Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
58 Asia Pacific Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
59 Asia Pacific Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
60 Asia Pacific Texture Paint Market Outlook, By Application (2021-2030) ($MN)
61 Asia Pacific Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
62 Asia Pacific Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
63 Asia Pacific Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
64 Asia Pacific Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
65 South America Texture Paint Market Outlook, By Country (2021-2030) ($MN)
66 South America Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
67 South America Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
68 South America Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
69 South America Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
70 South America Texture Paint Market Outlook, By Type (2021-2030) ($MN)
71 South America Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
72 South America Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
73 South America Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
74 South America Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
75 South America Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
76 South America Texture Paint Market Outlook, By Application (2021-2030) ($MN)
77 South America Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
78 South America Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
79 South America Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
80 South America Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
81 Middle East & Africa Texture Paint Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Texture Paint Market Outlook, By Product Type (2021-2030) ($MN)
83 Middle East & Africa Texture Paint Market Outlook, By Exterior (2021-2030) ($MN)
84 Middle East & Africa Texture Paint Market Outlook, By Interior (2021-2030) ($MN)
85 Middle East & Africa Texture Paint Market Outlook, By Other Product Types (2021-2030) ($MN)
86 Middle East & Africa Texture Paint Market Outlook, By Type (2021-2030) ($MN)
87 Middle East & Africa Texture Paint Market Outlook, By Sand Texture Paint (2021-2030) ($MN)
88 Middle East & Africa Texture Paint Market Outlook, By Premixed Paint (2021-2030) ($MN)
89 Middle East & Africa Texture Paint Market Outlook, By Self-Mixing Paint (2021-2030) ($MN)
90 Middle East & Africa Texture Paint Market Outlook, By Smooth Texture Paint (2021-2030) ($MN)
91 Middle East & Africa Texture Paint Market Outlook, By Other Types (2021-2030) ($MN)
92 Middle East & Africa Texture Paint Market Outlook, By Application (2021-2030) ($MN)
93 Middle East & Africa Texture Paint Market Outlook, By Commercial (2021-2030) ($MN)
94 Middle East & Africa Texture Paint Market Outlook, By Industrial (2021-2030) ($MN)
95 Middle East & Africa Texture Paint Market Outlook, By Residential (2021-2030) ($MN)
96 Middle East & Africa Texture Paint Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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