Texture Paints Market Research Report – Forecast to 2030

Texture Paints Market Information: by Product Type (premixed, self-mixing paints, smooth textured paint), Additives (sand, quartz), Substrate Type (interior, exterior), Application (residential, non-residential), and Regions – Forecast till 2030

ID: MRFR/CnM/4706-HCR | February 2021 | Region: Global | 100 pages

Texture Paints Market

The size of Texture Paint Market was around USD 14.13 Billion by revenue, at the end of 2021 and is anticipated to grow at a CAGR of 7.97 % to reach close to USD 18.62 Billion by the end of 2030.

Segmentation

By Product Type premixed self-mixing paints smooth textured paint
Additives sand quartz
Substrate Type interior exterior
Application residential non-residential

Key Players

  • Asian Paints (India)
  • Nippon Paint Holdings Co. Ltd. (Japan)
  • Berger Paints India Limited (India)
  • PPG Industries Inc. (U.S.)
  • The Sherwin-Williams Company (U.S.)
  • Hempel A/S (Denmark)
  • Kansai Paint Co. Ltd (Japan)
  • Jotun A/S (Norway)
  • Axalta Coating Systems Ltd. (U.S.)
  • The Valspar Corporation. (U.S.)
  • S K Kaken Co. Ltd. (Japan)
  • Kelly-Moore Paints (U.S.)

Drivers

  • Increasing usage of texture paints to impart aesthetic
  • Functional value
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Texture Paints Market Overview


Texture paints give walls a textured feel and appearance, increasing their aesthetic and functional value. They also help to cover faults on the wall surfaces and protect them from the elements by filling any cracks or crevices that may exist. In recent years, the need for texture paints has risen due to the paint industry's continuous growth to give more aesthetic and functional value. For an attractive appearance, texture paint refers to the textured feel and appearance on commercial or residential constructions' outside and interior walls.


Texture paints contain resins and chemicals that protect the texture even after the paint has dried, distinguishing them from regular paints. The unique texture pattern embossed on the surface remains intact for a long time. Texture paints provide the added benefit of concealing uneven surfaces and preventing damage to the wall surface. As a result, the texture paints market is projected to be driven by the aesthetic and functional value connected with textured paints in the future. Rise in architectural construction and industrial operations and rising middle-class demand. Furthermore, the growing use of texture paints in residential and non-residential applications is expected to fuel the market's rise.


Key Players


The prominent manufacturers in the texture paints market are 



  • Asian Paints (India),

  • Nippon Paint Holdings Co., Ltd. (Japan),

  • Berger Paints India Limited (India),

  • PPG Industries, Inc.  (U.S.),

  • The Sherwin-Williams Company (U.S.),

  • Hempel A/S (Denmark),

  • Kansai Paint Co., Ltd (Japan),

  • Jotun A/S (Norway),

  • Axalta Coating Systems Ltd. (U.S.),

  • The Valspar Corporation. (U.S.),

  • S K Kaken Co., Ltd. (Japan),

  • Kelly-Moore Paints (U.S.),

  • (Australia),

  • Anvil Paints & Coatings, Inc. (U.S.),

  • Crown Paints (UK), and

  • Specialized Coating Systems (Pty) Ltd (South Africa).


Texture Paints Market Share in 2017, by Product Type


 Texture Paints Market Share


Source: MRFR Analysis


Market Segmentation


The global texture paints market is segmented by product type, additives, substrate type, application, and region.


On the basis of the product type, the global texture paints market is segmented into premixed texture paints, self-mixing paints, smooth textured paint, and others.


On the basis of the additives, the global texture market is segmented into sand, quartz, household items, and other texture additives.


On the basis of the substrate type, the global texture paints market is segmented into the interior (walls, ceilings, floorings) and exterior walls.


On the basis of the application, the global texture paints market is segmented into residential and non-residential.


Regional Analysis


The global texture paints market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. 


Asia Pacific dominated the global texture paint market in 2017 and is expected to grow at the fastest CAGR during the forecast period, 2018–2023. Growing economy of Asia Pacific countries is providing lucrative opportunities to the texture paints market for both residential and non-residential applications.


North America and Europe market are relatively mature and is expected to witness a steady demand for texture paints during the review period. Additionally, significant growth in renovation activities is contributing to the market growth.


The Middle East & Africa and Latin America are expected to exhibit rising demand of texture paints during the forecast period due to growing construction industry.

Recent Development


Mar 2021 JK Cement Ltd, a well-known manufacturer of grey cement, has announced its debut into the paint business, giving the paint industry yet another color to add to its palette. The company's board of directors, which met this evening, approved the company's plan to enter the paint business. A wholly-owned subsidiary of JK Cement will enter the paint sector. The board has also approved a Rs 600 crore investment in the paint business, spread out over five years. The paint industry, traditionally dominated by a few major competitors like Asian Paints, Nippon Paints, and Berger Paints, has recently seen a slew of new entrants. Aditya Birla Group, for example, unveiled its paint business through its subsidiary Grasim Industries.


Intended Audience

  • Texture paints manufacturers

  • Traders and distributors of texture paints

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Additives, Substrate Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Asian Paints (India), Nippon Paint Holdings Co., Ltd. (Japan), Berger Paints India Limited (India), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Hempel A/S (Denmark), Kansai Paint Co., Ltd (Japan), Jotun A/S (Norway), Axalta Coating Systems Ltd. (U.S.), The Valspar Corporation. (U.S.), S K Kaken Co., Ltd. (Japan), Kelly-Moore Paints (U.S.), Haymes. (Australia), Anvil Paints & Coatings, Inc. (U.S.), Crown Paints (UK), and Specialized Coating Systems (Pty) Ltd (South Africa)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increasing usage of texture paints to impart aesthetic and functional value


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Frequently Asked Questions (FAQ) :

Aesthetic appeal in houses is the primary driver of the global texture paints market.

High costs of texture paints can impede the global texture paints market growth.

The APAC region is assumed to dominate the global texture paints market due to developing economies in the region providing lucrative opportunities.

North America and Europe can display a steady growth rate in the global texture paints market due to renovation activities.

Kelly-Moore Paints, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Jotun A/S, Kansai Paint Co., Ltd, Specialized Coating Systems (Pty) Ltd, Axalta Coating Systems Ltd., Haymes, The Valspar Corporation, Crown Paints, Hempel A/S, Berger Paints India Limited, S K Kaken Co., Ltd., Asian Paints, The Sherwin-Williams Company, and Anvil Paints & Coatings, Inc. are major players of the global texture paints market.