Texture Paint Market | 2031 Strategic Insights | Recent updates
The Texture Paint Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on type (interior and exterior). The report is segmented by product (premixed, self-mixing paints, smooth textured paint, and others). The report is segmented by application (residential and non-residential). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Texture Paint Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Texture Paint Market Segmentation
Type- Interior and Exterior
- Premixed
- Self-Mixing Paints
- Smooth Textured Paint
- Residential and Non-Residential
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Texture Paint Market Growth Drivers- Construction and Infrastructure Growth: The construction and infrastructure development sector is one promising driver contributing to the texture paint market. Because of rapid urbanization and an increased emphasis on construction for residential and commercial purposes, the demand for aesthetic finishes as well as durable wall finishes, has exponentially increased. Texture paints are gaining great popularity because they beautify buildings.
- Texture Paints for Protection and Aesthetic Enhancement: Special purposes will be served by texture paints within roads, bridges, and public realms: protect and also beautify the surface. They are used for surface protection against environmental elements like moisture and pollution, as well as providing a unique, aesthetic finish. Thus, they become a must-have for infrastructure as it would end up very durable and beautiful.
- Innovation and Customization in Urban Design: Various urban expansions and numerous construction works now present a need for designs that are innovative and customizable. The possibility of unique finishes, for example stucco, sandstone, and marble, using texture paints, allows architects and designers to do just that with their designs. Hence, this is a key driver of the texture paint market.
- Sustainability Drives Demand for Low-VOC and Water-Based Texture Paints: Sustainability and eco-friendliness are becoming a huge trend in the texture paint market. With increasing awareness of the environment, the side of preference is swaying toward low VOC paints. These low-VOC and water-based texture paints both limit harmful emissions and make much for healthier air in homes.
- Sustainable Materials and Green Building Standards: Increased importance is now placed on green building standards and environment-friendly designs in the construction industry. Hence, texture paints are now using sustainable materials, natural pigments, recycled content, and non-toxic additives. This makes a huge difference in lowering the environmental footprint of a construction project towards sustainability.
- Energy-Efficient Buildings Boost Demand for Cool Texture Paints: Moreover, the growth rate at which the demand for energy-efficient buildings is growing is attracting the use of cool texture paints. Indoor comfort is maintained, and energy is saved as a result of the insulating properties of these coatings. Another favorable feature of popularity is the reflective textured coatings that minimize the rate of heat absorption for energy efficiency and less reliance on air conditioning.
- Functional and Multi-Purpose Texture Paints: Functional and multi-purpose texture paints are creating umpteen growth opportunities in the texture paint market. Besides aesthetic appeal, these paints offer benefits like water resistance, mold resistance, and many more. Thus, they make them very attractive for residential and commercial uses, expanding the market.
- Consumer Demand for Durable, Multi-Functional Texture Paints : They demand the excellent adhesion and multi-functional demand paints that consumers want because they will last longer and require less maintenance. Multi-purpose texture paints have functions such as insulation from heat, anti-bacterial effects, and damage by UV rays, making them favorable in different surroundings such as bathrooms, kitchens, and even external walls. Thus, they have a wider audience.
- Specialized Functional Texture Paints: Specialized paints will be needed more as buildings and infrastructure become highly complicated. Functional textures can include soundproofing and fire safety, which nowadays will be a requirement in such specific sectors. These paints are also useful for safety, comfort, and energy efficiency, thus meeting the ongoing needs of modern construction projects and increasing their penetration levels in various industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Texture Paint Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Texture Paint Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Sustainable and eco-friendly solutions is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the texture paint market, due to the rapid urbanization and industrialization in countries like China, India, and Southeast Asia have led to a surge in construction and infrastructure development, driving demand for high-quality paints and finishes. This growing urban landscape requires durable and aesthetically pleasing solutions, which texture paints provide.
Based on type, the exterior segment is expected to witness the fastest growth during the forecast period
The construction and infrastructure development sectors is driving the market growth.
Akzo Nobel N.V.; Asian Paints; Axalta Coating Systems; Hempel; Jotun; Kansai Nerolac Paints Limited; Nippon Paint Private Limited; PPG Industries, Inc.; Sherwin-Williams; and Valspar are some of texture paint market
The Texture Paint Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Texture Paint Market - By Type
1.3.2 Texture Paint Market - By Application
1.3.3 Texture Paint Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TEXTURE PAINT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TEXTURE PAINT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TEXTURE PAINT MARKET - GLOBAL MARKET ANALYSIS
6.1. TEXTURE PAINT - GLOBAL MARKET OVERVIEW
6.2. TEXTURE PAINT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TEXTURE PAINT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INTERIOR
7.3.1. Overview
7.3.2. Interior Market Forecast and Analysis
7.4. EXTERIOR
7.4.1. Overview
7.4.2. Exterior Market Forecast and Analysis
8. TEXTURE PAINT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. NON-RESIDENTIAL
8.4.1. Overview
8.4.2. Non-Residential Market Forecast and Analysis
9. TEXTURE PAINT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Texture Paint Market Overview
9.1.2 North America Texture Paint Market Forecasts and Analysis
9.1.3 North America Texture Paint Market Forecasts and Analysis - By Type
9.1.4 North America Texture Paint Market Forecasts and Analysis - By Application
9.1.5 North America Texture Paint Market Forecasts and Analysis - By Countries
9.1.5.1 United States Texture Paint Market
9.1.5.1.1 United States Texture Paint Market by Type
9.1.5.1.2 United States Texture Paint Market by Application
9.1.5.2 Canada Texture Paint Market
9.1.5.2.1 Canada Texture Paint Market by Type
9.1.5.2.2 Canada Texture Paint Market by Application
9.1.5.3 Mexico Texture Paint Market
9.1.5.3.1 Mexico Texture Paint Market by Type
9.1.5.3.2 Mexico Texture Paint Market by Application
9.2. EUROPE
9.2.1 Europe Texture Paint Market Overview
9.2.2 Europe Texture Paint Market Forecasts and Analysis
9.2.3 Europe Texture Paint Market Forecasts and Analysis - By Type
9.2.4 Europe Texture Paint Market Forecasts and Analysis - By Application
9.2.5 Europe Texture Paint Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Texture Paint Market
9.2.5.1.1 Germany Texture Paint Market by Type
9.2.5.1.2 Germany Texture Paint Market by Application
9.2.5.2 France Texture Paint Market
9.2.5.2.1 France Texture Paint Market by Type
9.2.5.2.2 France Texture Paint Market by Application
9.2.5.3 Italy Texture Paint Market
9.2.5.3.1 Italy Texture Paint Market by Type
9.2.5.3.2 Italy Texture Paint Market by Application
9.2.5.4 United Kingdom Texture Paint Market
9.2.5.4.1 United Kingdom Texture Paint Market by Type
9.2.5.4.2 United Kingdom Texture Paint Market by Application
9.2.5.5 Russia Texture Paint Market
9.2.5.5.1 Russia Texture Paint Market by Type
9.2.5.5.2 Russia Texture Paint Market by Application
9.2.5.6 Rest of Europe Texture Paint Market
9.2.5.6.1 Rest of Europe Texture Paint Market by Type
9.2.5.6.2 Rest of Europe Texture Paint Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Texture Paint Market Overview
9.3.2 Asia-Pacific Texture Paint Market Forecasts and Analysis
9.3.3 Asia-Pacific Texture Paint Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Texture Paint Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Texture Paint Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Texture Paint Market
9.3.5.1.1 Australia Texture Paint Market by Type
9.3.5.1.2 Australia Texture Paint Market by Application
9.3.5.2 China Texture Paint Market
9.3.5.2.1 China Texture Paint Market by Type
9.3.5.2.2 China Texture Paint Market by Application
9.3.5.3 India Texture Paint Market
9.3.5.3.1 India Texture Paint Market by Type
9.3.5.3.2 India Texture Paint Market by Application
9.3.5.4 Japan Texture Paint Market
9.3.5.4.1 Japan Texture Paint Market by Type
9.3.5.4.2 Japan Texture Paint Market by Application
9.3.5.5 South Korea Texture Paint Market
9.3.5.5.1 South Korea Texture Paint Market by Type
9.3.5.5.2 South Korea Texture Paint Market by Application
9.3.5.6 Rest of Asia-Pacific Texture Paint Market
9.3.5.6.1 Rest of Asia-Pacific Texture Paint Market by Type
9.3.5.6.2 Rest of Asia-Pacific Texture Paint Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Texture Paint Market Overview
9.4.2 Middle East and Africa Texture Paint Market Forecasts and Analysis
9.4.3 Middle East and Africa Texture Paint Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Texture Paint Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Texture Paint Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Texture Paint Market
9.4.5.1.1 South Africa Texture Paint Market by Type
9.4.5.1.2 South Africa Texture Paint Market by Application
9.4.5.2 Saudi Arabia Texture Paint Market
9.4.5.2.1 Saudi Arabia Texture Paint Market by Type
9.4.5.2.2 Saudi Arabia Texture Paint Market by Application
9.4.5.3 U.A.E Texture Paint Market
9.4.5.3.1 U.A.E Texture Paint Market by Type
9.4.5.3.2 U.A.E Texture Paint Market by Application
9.4.5.4 Rest of Middle East and Africa Texture Paint Market
9.4.5.4.1 Rest of Middle East and Africa Texture Paint Market by Type
9.4.5.4.2 Rest of Middle East and Africa Texture Paint Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Texture Paint Market Overview
9.5.2 South and Central America Texture Paint Market Forecasts and Analysis
9.5.3 South and Central America Texture Paint Market Forecasts and Analysis - By Type
9.5.4 South and Central America Texture Paint Market Forecasts and Analysis - By Application
9.5.5 South and Central America Texture Paint Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Texture Paint Market
9.5.5.1.1 Brazil Texture Paint Market by Type
9.5.5.1.2 Brazil Texture Paint Market by Application
9.5.5.2 Argentina Texture Paint Market
9.5.5.2.1 Argentina Texture Paint Market by Type
9.5.5.2.2 Argentina Texture Paint Market by Application
9.5.5.3 Rest of South and Central America Texture Paint Market
9.5.5.3.1 Rest of South and Central America Texture Paint Market by Type
9.5.5.3.2 Rest of South and Central America Texture Paint Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TEXTURE PAINT MARKET, KEY COMPANY PROFILES
11.1. AKZONOBEL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASIAN PAINTS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AXALTA COATING SYSTEMS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HEMPEL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JOTUN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KANSAI PAINT
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON PAINTS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PPG INDUSTRIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE SHERWIN-WILLIAMS COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VALSPAR
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Akzonobel
2. Asian Paints
3. Axalta Coating Systems
4. Hempel
5 .Jotun
6. Kansai Paint
7. Nippon Paints
8. PPG Industries
9. The Sherwin-Williams Company
10. Valspar
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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