ID: MRFR/CnM/4706-HCR | February 2021 | Region: Global | 100 pages
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.
The prominent manufacturers in the texture paints market are
Texture Paints Market Share in 2017, by Product Type
Source: MRFR Analysis
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.
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.
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.
|Market Size||2030: Significant Value|
|CAGR||2030: Substantial CAGR|
|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|
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.