Texture Paints Market Is Set To Reach USD Billion  By 2033, Growing At A CAGR Of 13.6

Key Insights

The Texture Paints Market size was valued at USD 12.33 USD Billion in 2023 and is projected to reach USD 30.10 USD Billion by 2032, exhibiting a CAGR of 13.6 % during the forecast period. Texture paint is one of the many coating materials for the surface that acts as a protection and decoration for the surface. These include various kinds of textures such as glossy or smooth, or such as rough or gritty and can be found in various colours. Used for residential, commercial, and industrial environments and can be found on walls, ceilings, and furniture as there are styles to match a variety of preferences. They come in varieties such as popcorn, sand, smooth, knockdown and orange peel textures. There are many technologies which are used by manufacturers for consistent quality and for maintaining the environment. Since both decorative coatings and texture paints are highly demanded on the market, the global demand for such texture paints increases steadily, thereby offering several benefits, including the improved aesthetics and durability of a particular interior space and their masking capabilities.

Texture Paints Trends

• Increased demand for sustainable and eco-friendly paints
• Growing popularity of decorative and textured finishes
• Technological advancements in texture paint formulations

Driving Forces: What's Propelling the Texture Paints Market

• Robust Construction Sector: The escalating demand for residential, commercial, and infrastructure projects globally is fueling the need for specialized paints like texture paints, driving market growth.
• Enhanced Disposable Income: As disposable income levels rise, individuals are investing more in their homes and decor, creating a surge in demand for premium paints and finishes, including texture paints.
• Growing Interior Design Trends: The increasing popularity of interior design magazines and online platforms has led to heightened consumer awareness of texture paints and their ability to enhance aesthetics and create unique spaces.
• Environmental Regulations: Governments worldwide are implementing regulations that promote energy efficiency in buildings. Texture paints play a crucial role in this regard, as they provide insulation and reduce heat transfer, ultimately contributing to lower energy consumption.
• Technological Advancements: Innovations in texture paint technology have resulted in new and improved formulations that offer enhanced durability, application ease, and a wider range of textures and finishes to cater to diverse customer preferences.
• Expansion of Distribution Channels: The rise of online retailers and paint specialty stores has expanded distribution channels for texture paints, making them more accessible to consumers and contractors alike.
• Increasing Urbanization: The growing concentration of people in urban areas has led to a higher demand for paint and coatings, including texture paints, as urban spaces require regular renovation and maintenance.

Challenges and Restraints in the Texture Paints Market

• Stringent environmental regulations
• Limited availability of skilled labour
• Fluctuating raw material prices

Emerging Trends in Texture Paints

• Digital printing techniques for creating unique textures
• Development of self-cleaning texture paints
• Incorporation of nanotechnology for enhanced durability and performance

Growth Catalysts in the Texture Paints Industry

• Government incentives for energy-efficient buildings
• Collaborations between manufacturers and design firms
• Innovations in application tools and techniques

Market Segmentation: Texture Paints Analysis

Resin Type:

• Acrylic
• Others

Technology:

• Water-Based
• Solvent-Based

Product Type:

• Interior
• Exterior

Application:

• Residential
• Non-Residential

Leading Players in the Texture Paints Market

• Asian Paints Ltd (India)
• Akzo Nobel N.V (Netherlands)
• Nippon Paint Holdings Co., Ltd. (Japan)
• Berger Paints India Limited (India)
• PPG Industries Inc. (U.S.)
• Kansai Nerolac Paints Limited (India)
• The Sherwin-Williams Company (U.S.)
• DuluxGroup Limited (U.K.)
• BASF SE (Germany)
• Hempel A/S (Denmark)

Significant Developments in the Texture Paints Sector

• June 2021: PPG acquired Tikkurila, a Nordic paint and coatings company.
• June 2021: AkzoNobel acquired Grupo Orbis, a paints and coatings maker.
• June 2021: AkzoNobel collaborated with TNW to create innovation in the paints and coatings industry.

Comprehensive Coverage Texture Paints Market Report

Our Comprehensive Texture Paints Market Report offers:

• In-depth market analysis and trends
• Detailed segmentation and regional insights
• Competitive landscape and leading players
• Growth drivers and challenges
• Industry developments and future outlook

Regional Insight

• North America: This region has been a significant revenue generator for the texture paints market due to the presence of leading construction and infrastructure industries in countries like the United States and Canada.
• Europe: Europe is another major market for texture paints, primarily driven by the growing demand for home renovations and the region's strong construction sector.
• Asia-Pacific: The Asia-Pacific region, particularly China and India, has witnessed a surge in construction activities, leading to increased demand for texture paints.
• Latin America: Latin America has shown promising growth in the texture paints market, primarily driven by Brazil's thriving construction sector and urbanization.
• Middle East and Africa: The Middle East and Africa region has the potential for growth in the texture paints market, particularly in countries like Saudi Arabia and the United Arab Emirates, due to ongoing infrastructure projects.

Consumer Side Analysis

• Consumer preferences and behavior
• Buying patterns and decision-making factors

Demand Side Analysis

• Market demand drivers and inhibitors
• End-user industry analysis

Import And Export Analysis

• Major import and export countries
• Trade dynamics and regulations

Pricing Strategies

• Pricing models and trends
• Competitive pricing analysis

Segmentation

• Market segmentation by region, product type, and application