The Global Texture Paint Market is expected to grow at a CAGR of 4.3% during the forecasting period (2022-2029).
The increase in demand for construction and industrial activities is the factor for growing texture paints in residential, industrial, and commercial applications. The growing demand for home decoration will also create several opportunities to boost the texture paint market's growth in the forecast period. Moreover, texture paint is the coating that has the properties like dense texture and rough grain with some insoluble additive which is composed of gypsum and sand with a water-thinned binder with the various essential characteristics like U.V. ray's protection, weather changes, and alkali, which provide attractive texture, and brilliant impression on the walls which is extensively used to produce different patterns on walls for residential, industrial, and commercial purposes. Besides, it also provides benefits like covering irregular surfaces and protects the wall from damage.
High demand and increase in accommodation development are major factors expected to boost the forecast period. Besides, the instant growth of urbanization and high demand of housing is the factor that is expected to drive the texture paint market. Moreover, the increase in reconstruction and construction activities of residential, industrial, and commercial buildings increases the demand for paint & coating products, which is expected to boost the market's growth during the forecast period. The government policies and economic growth in developing countries result in rising architectural construction and industrial activities. Another factor that is expected to fuel the texture paints market's growth over the forecast period.
However, high price compared to conventional paints is a key factor expected to hamper the texture paints market's growth. Besides, texture paints require more time and skilled labor for efficient application, affecting the product demand.
By type, the market is segmented into sand texture paint, orange peel texture paint, popcorn peel texture paint, others. By technology, the market is segmented into water-based, solvent-based, others. The market is segmented into the actual texture by art type, a simulated texture, abstract texture, and invented texture. By application, the market is segmented into residential, industrial, and commercial.
Actual texture is a combination of the looks and feels of the paintings and is associated with the heavy buildup of paint like an impasto effect or some additives. Moreover, many artists worldwide use different items and materials to create actual texture in their pieces, and some develop textured works to be touched and experienced. The ability to touch the texture evokes multiple senses through sight, touch, and a deeper emotional feel. The actual texture surfaces include rough, hard, liquid, solid, wet, bumpy, fuzzy, sticky, dusty, sharp, gritty, soft, lumpy. It is also expected that the actual texture would boost the market's growth in the forecast period due to its properties.
Besides, simulated texture includes drawing with the visual effect of texture without actually adding it. For instance, a texture can be cooked to look like something other than painting on a curved surface. In contrast, the abstract texture does not directly represent the object it is connected with. Still, the object's concept is translated in textural patterns, and invented texture is a creative way of adding alternate materials to create an exciting surface. This texture typically appears in abstract works due to non-objective.
The Asia-Pacific texture paint market is expected to boost the growth during the forecast period, followed by markets in North America, Europe, and the Middle East & Africa, respectively. In Asia-pacific, the rise in demand for texture paints from commercial, industrial, and residential sectors due to ongoing infrastructural projects and increasing disposable income of the middle-class population are key factors expected to drive the growth texture paint market. Moreover, the expansion of the construction industry in China, India, and Indonesia is another significant factor influencing the demand for texture paints and increasing the opportunities. Raw materials used in the manufacturing of texture paints include inorganic chemicals and methylamines. The availability and price of raw materials are vital factors for manufacturers of texture paints to determine their cost structure. Besides, Middle East & Africa exhibit rising demand for texture paints during the forecast period.
The texture paint market is a moderated fragmented with the presence of regional and players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. The Sherwin-Williams Company, Akzo Nobel, Asians Paints, Kansai Paint, PPG Industries, Nippon Paints, Hempel, Axalta Coatings Systems, Jotun, Valspar are the major player in the texture paint market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the texture paint market globally.
The Sherwin-Williams Company
The Sherwin-Williams exterior line-up also includes support paint exterior latex paint, which can be formulated for improved application and hiding and lower VOCs. Duration, resilience, and super coloring contain the innovative VinylSafe® paint colors and allows us to use darker hues on vinyl siding and cellular PVC substrates. In the past, homeowners were limited to the same or lighter color paint because dark colors would absorb heat and damage the plastic vinyl. VinylSafe® paint colors solve the problem by allowing the freedom to choose any color options out of 100, including a limited selection of darker colors formulated to resist warping or buckling when applied to sound, durable vinyl siding.
Sherwin-Williams A-100 exterior formula has also been enhanced for better hiding, application, and lower VOCs. And both super paint and A-100 exterior paints offer advanced resin technology, which delivers excellent adhesion and color retention, resisting frost in cold conditions and mildew, fading, peeling, and blistering in hot and humid conditions. Plus, all of the Sherwin-Williams exterior products (except for a high-gloss sheen) can be applied at a temperature of 350 F, extending the exterior painting season.
Get your free sample proposal with a single click!