In 2023, the market for texture paints is expected to be worth US$16.7 billion. By the end of 2033, the global market is anticipated to have grown at a significant CAGR of 8.9%, reaching US$ 39.2 billion.
Due of their thickness and lack of need for primer, texture paints have become quite popular. They have diverse applications and there are many different kinds of these paints on the market. It is common practise to use textured paints to conceal gaps, cracks and other flaws in walls and ceilings. They are typically more durable and made to cover up wall or ceiling faults. Additionally, texture paints can be used to create original and imaginative wall designs.
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Key Takeaways from Market Study
- The global texture paints market is forecasted to reach a valuation of US$ 39.2 billion by the end of 2033.
- Global demand for texture paints is set to increase at a CAGR of 8.9% during the forecast period ending 2033.
- Sales of texture paints are estimated US$ 16.7 billion for 2023.
- Demand for texture paints is estimated to expand at a CAGR of 8% from 2023 to 2033 in Canada.
- The Asia Pacific region is forecasted to hold more than 46% of the total global market share by the end of 2033.
- The residential segment held more than 46% market share in 2022.
- Water-based texture paints accounted for 55.5% of global market revenue in 2022.
Competitive Landscape:
Distributors of texture paints are strengthening their supply chain management system to match consumers’ requirements and extend their reach around the world. Increased expenditure by manufacturers ensures the delivery of quality products and helps in maintaining product standards.
For instance :
- Tnemec Cp. Inc., in October 2019, acquired Textured Coatings of America, Inc.’s assets. The acquisition strengthened the position of Tnemec as a global leader and provided assistance to meet consumer requirements.
Leading manufacturers of texture paint include Andura Coatings, The ValsPar Corporation, Spectra Texture Wall Coating Pvt. Ltd., Nippon Paint Holdings Co., Ltd., Kansai Paint Co. Ltd., Jotun A/S, Crown Paints Limited, and Berger Paints India Limited.
Segmentation of Texture Paints Industry Research:
· By Type :
- Smooth Texture
- Sand Texture
- Orange Peel Texture
- Popcorn Texture
- Others
· By Technology :
- Water-based
- Solvent-based
- Others
· By End Use :
- Residential
- Commercial
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Questions Covered in the Report
- What is the projected valuation of the texture paints in 2023?
- At what rate will the global texture paints market grow until 2033?
- Which are the factors hampering the growth in the texture paints Industry?
- Which region is expected to lead in the global texture paints market during 2023 to 2033?
- Which are the factors driving the texture paints market during the forecast period?
- What is the expected market value of the texture paints market during the forecast period?
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