The texture paint global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Texture Paint Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The texture paint market size has grown strongly in recent years. It will grow from $12.27 billion in 2023 to $12.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to The rise in urban population, expansion of infrastructure projects, growth in residential and commercial construction, increasing consumers’ preference for personalized and unique interior designs, rising stringent regulations regarding volatile organic compound (VOC) emissions, and increasing awareness of interior design. .
The texture paint market size is expected to see strong growth in the next few years. It will grow to $16.35 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising consumer spending, growing environmental concerns and consumer preferences for sustainable products, rise in demand for high-end customization, and changing interior design trends and preferences. Major trends in the forecast period include Advancements in formulation technology, adoption of eco-friendly formulations, adoption of innovative application techniques, digitalization of design processes, and integration of smart features in texture paints.
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Scope Of Texture Paint Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Texture Paint Market Overview
Market Drivers –
A rise in expenditure on home decoration is expected to propel the texture paint market going forward. Home decoration refers to enhancing and beautifying a living space’s interior through various design elements, such as furniture, accessories, colors, and arrangements, to create a personalized and aesthetically pleasing environment. The increasing expenditure on home decoration is due to growing interest in interior design and home aesthetics, affordable decor options, and a desire for personalization and comfort in living spaces. Texture paint for home decoration enhances the aesthetic appeal of living spaces while providing durability and easy maintenance, ultimately optimizing expenditure on interior design and long-term upkeep. For instance, in January 2023, according to the Joint Center for Housing Studies of Harvard University, a US-based research center and think tank, national spending on remodeling and renovation repairs for owner-occupied homes reached $485 billion in 2023, marking a 2.6% increase from 2022. Therefore, a rise in expenditure on home decoration is driving the texture paint market.
Market Trends –
Major companies operating in the texture paint market are focusing on developing advanced formulation techniques to provide better coloring solutions. Advanced formulation techniques involve integrating specialized ingredients and processes to enhance the performance and application of texture paints. For instance, in July 2023, DAP Global Inc., a US-based home repair and construction product manufacturer, launched a new spray texture paint line with a 2in1 wall and ceiling for orange peel, knockdown, and popcorn textures. The product offers a patent-pending dispensing system with adjustability and consistent flow, ensuring an even, wide spray pattern. The Aim tech technology allows for a 60-degree adjustable nozzle angle, providing flexibility in vertical, overhead, and hard-to-reach areas. Users can select from fine, medium, or heavy texture levels with a lock function for secure transport and storage. The line features advanced formulation techniques, with water-based formulas offering a 30-minute paint-ready time, while the oil-based Orange Peel formula is ready in just five minutes.
The texture paint market covered in this report is segmented –
1) By Product Type: Interior, Exterior, Other Product Type
2) By Technology: Water-Based Technology, Solvent-Based Technology
3) By Application: Residential, Non-Residential, Industrial
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Regional Insights –
Asia-Pacific was the largest region in the texture paint market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the texture paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the texture paint market are Sherwin-Williams Company, PPG Industries, Sika AG, Akzo Nobel N.V., Wacker Chemie AG, Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems, Mapei Corporation, Kansai Paint Co. Ltd., Asian Paints Limited, Jotun A/S, Hempel A/S, Behr Process Corporation, Berger Paints India Limited, Dunn-Edwards Corporation, National Paints Factories Co. Ltd., Kelly-Moore Paints, Diamond Vogel, Crown Paints Ltd., Tnemec Company Inc., Al-Jazeera Factory For Paints Co., BEHRINGER Spezialtiefbau GmbH, Jenson And Nicholson Paints Private Limited, Andura Coatings DGH Manufacturing Ltd.
Table of Contents
1. Executive Summary
2. Texture Paint Market Report Structure
3. Texture Paint Market Trends And Strategies
4. Texture Paint Market – Macro Economic Scenario
5. Texture Paint Market Size And Growth
…..
27. Texture Paint Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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