Overview and Scope
Texture paint refers to a type of decorative coating applied to interior or exterior surfaces to create textured finishes. It contains additives to produce tactile variations on surfaces, offering depth and visual interest. Texture paint can conceal imperfections on walls, add dimension to plain surfaces, and enhance aesthetic appeal.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The texture paint market report table of contents includes:
1. Executive Summary
2. Texture Paint Market Characteristics
3. Texture Paint Market Trends And Strategies
4. Texture Paint Market – Macro Economic Scenario
5. Global Texture Paint Market Size and Growth
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32. Global Texture Paint Market Competitive Benchmarking
33. Global Texture Paint Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Texture Paint Market
35. Texture Paint Market Future Outlook and Potential Analysis
36. Appendix
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