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Texture Paint Market by Resin Type (Acrylic and Epoxy), Technology (Water Based, Solvent Based), Product Type (Interior and Exterior), Application (Residential and Non - Residential), & Region (Asia Pacific, Europe, North America - Global Forecast to 2028

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    Report

  • 246 Pages
  • May 2023
  • Region: Asia Pacific, Europe, Global, North America
  • Markets and Markets
  • ID: 4497332

Key Participants in the Market Include AkzoNobel, Sherwin Williams, Asian Paints Ltd, Kansai Paints, and Nippon Paints

The texture paint market size is projected to reach USD 16.2 billion by 2028 at a CAGR of 4.4% from USD 12.5 billion in 2022. The water-based, by technology type segment is estimated to account for the largest share of the texture paint market in 2022. 

Water-based technology is estimated to register the highest CAGR during the forecast period.

Stringent environmental regulations and increased awareness of the harmful effects of volatile organic compounds (VOCs) have driven the demand for water-based texture paint. Water-based formulations have lower VOC content compared to solvent-based alternatives, making them a more sustainable and environmentally friendly choice. Water-based texture paint offers ease of application and cleanup compared to solvent-based alternatives. It can be applied using standard painting tools and techniques, and it can be cleaned with water, eliminating the need for harsh chemicals or solvents. This convenience attracts both professionals and DIY enthusiasts, contributing to the market growth.

The North American texture paint market is expected to account for the second largest share in 2022.

North America has seen a steady demand for texture paint, driven by residential and commercial construction, as well as the renovation and remodeling sectors. The market has been influenced by factors such as the growing preference for textured finishes, the need for surface protection, and the desire to hide imperfections. Additionally, the increasing focus on sustainable and eco-friendly products has also played a role in shaping the texture paint market in North America.

China's texture paint market is projected to account for the largest share in 2022.

China's growing construction sector, urbanization, and rising disposable income have all contributed to the country's texture paint market's expansion. The need for aesthetically pleasing and unique finishes in both residential and commercial environments drives the market for texture paint. Furthermore, the Chinese government's efforts to improve environmental regulations and encourage sustainable building practises have had an impact on the industry, with a greater emphasis on eco-friendly texture paint compositions.

The break-up of the profile of primary participants in the texture paint market:

  • By Company Type: Tier 1 - 39%, Tier 2 - 34%, and Tier 3 - 27%
  • By Designation: C Level - 30%, D Level - 30%, and Others - 40%
  • By Region: North America - 20%, Asia Pacific- 40%, Europe - 20%, Middle East & Africa - 10%, and South America - 10%

Prominent companies include The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), Axalta Coating Systems LLC (US), and others.

Research Coverage:

This research report provides detailed segmentation of the texture paint market by resin type (acrylic, and epoxy), by technology (water based, and solvent based), by product type (Interior, and Exterior), by application (residential, and non-residential) and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The report covers detailed information about the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the texture paint market. A thorough analysis of the major industry players has been conducted to provide insights into their business overview, products, finances; key strategies;. new product launches, mergers and acquisitions, and significant changes affecting the texture paint market. In order to better position their companies and develop effective go to market strategies, stakeholder will benefit from the competitive landscape and gain additional insight from this report. 

The report provides insights on the following pointers:

  • Analysis of key drivers (Booming construction industry), restraints (High price of texture paint as compared to that of conventional paint), opportunity (Superior properties of texture paints) and challenges (Texture paint increases the thickness of the wall).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the texture paint market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the texture paint market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the texture paint market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), Axalta Coating Systems LLC (US), and others. The report also helps stakeholders understand the pulse of the texture paint market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.2.1 Market Inclusions
1.2.2 Market Exclusions
1.3 Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
1.8 Recession Impact

2 Research Methodology
2.1 Research Data
2.1.1.1 Secondary Data
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Growth Forecast Approach
2.4 Factor Analysis
2.5 Data Triangulation
2.6 Assumptions
2.7 Limitations
2.8 Growth Rate Assumptions/Growth Forecast
2.9 Global Economic Scenario Affecting Market Growth
2.9.1 Global Impact of Slowdown/ Recession
2.9.1.1 North America
2.9.1.2 Europe
2.9.1.3 Asia-Pacific
2.9.1.4 Rest of the World

3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Degree of Competitive Rivalry
5.5 Key Stakeholders & Buying Criteria
5.6 Macroeconomic Indicators
5.6.1 Introduction
5.6.2 Gdp Trends and Forecast
5.7 Industry Trends
5.7.1 Trends and Forecast in End-Use Industry
5.8 Technology Analysis
5.9 Case Study Analysis
5.10 Pricing Analysis
5.10.1 Average Selling Price Trend by Region
5.10.2 Average Selling Price Trend by Segments
5.10.3 Average Selling Price of Key Players, by Application
5.11 Trade Data Statistics
5.12 Ecosystem and Interconnected Market
5.13 Trends/Disruption Impacting Buyers/Customers
5.14 Tariffs & Regulations Landscape and Standards
5.15 Regulatory Bodies, Government Agencies, and Other Organizations
5.16 Patent Analysis
5.16.1 Methodology
5.16.2 Publication Trends
5.16.3 Top Juridiction
5.16.4 Top Applicants
5.17 Key Conferences & Events in 2023-2024

6 Texture Paint Market, by Resin Type - Forecast Till 2028
6.1 Introduction
6.2 Acrylic
6.3 Others

7 Texture Paint Market, by Technology Type - Forecast Till 2028
7.1 Introduction
7.2 Water-Based
7.3 Solvent Based

8 Texture Paint Market, by Product Type - Forecast Till 2028
8.1 Introduction
8.2 Interior
8.3 Exterior

9 Texture Paint Market, by Application - Forecast Till 2028
9.1 Introduction
9.2 Residential
9.3 Non-Residential

10 Texture Paint Market, by Region - Forecast Till 2028
10.1 Introduction
10.2 Europe
10.2.1 Impact of Recession in Europe
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 UK
10.2.6 Spain
10.2.7 Russia
10.2.8 Turkey
10.2.9 Rest of Europe
10.3 Asia-Pacific
10.3.1 Impact of Recession in Asia-Pacific
10.3.2 China
10.3.3 Japan
10.3.4 India
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 Rest of Asia-Pacific
10.4 North America
10.4.1 Impact of Recession in North America
10.4.2 US
10.4.3 Canada
10.4.4 Mexico
10.5 Middle East & Africa
10.5.1 Impact of Recession in Middle East & Africa
10.5.2 Saudi Arabia
10.5.3 UAE
10.5.4 South Africa
10.5.5 Rest of Middle East & Africa
10.6 South America
10.6.1 Impact of Recession in South America
10.6.2 Brazil
10.6.3 Argentina
10.6.4 Rest of South America

11 Competitive Landscape
11.1 Overview
11.1.1 Overviews of Strategies Adopted by Key Texture Paint Players
11.2 Company Evaluation Matrix: Definition and Methodology, 2022
11.2.1 Stars
11.2.2 Pervasive Players
11.2.3 Emerging Leaders
11.2.4 Emerging Companies
11.3 Start-Up/Sme Evaluation Matrix, 2022
11.3.1 Progressive Companies
11.3.2 Starting Blocks
11.3.3 Responsive Companies
11.3.4 Dynamic Companies
11.4 Strength of Product Portfolio
11.5 Competitive Benchmarking
11.6 Top Five Key Player Revenue Analysis
11.7 Market Share Analysis
11.8 Market Ranking Analysis
11.9 Competitive Scenario
11.9.1 Market Evaluation Framework
11.9.2 Market Evaluation Matrix
11.10 Strategic Developments (Competitive Situations and Trends)
11.10.1 Deals
11.10.2 Product Launches
11.10.3 Other Developments

12 Company Profile
12.1 Key Player
12.1.1 PPG Industries, Inc
12.1.2 Akzonobel N.V.
12.1.3 The Sherwin-Williams Company
12.1.4 Hempel Group
12.1.5 Asian Paints Limited
12.1.6 Nippon Paints Holdings Co., Ltd.
12.1.7 Kansai Paint Company Limited
12.1.8 Jotun A/S
12.1.9 Axalta Coating Systems
12.1.10 Sk Kaken Co., Ltd.
12.2 Other Companies
12.2.1 Tikkurila Oyj
12.2.2 Berger Paints
12.2.3 Kelly Moore Paints
12.2.4 Dunn-Edwards
12.2.5 Haymes Paints
12.2.6 Anvil Paints & Coatings
12.2.7 Spectrum Paints Limited
12.2.8 Crown Paints Limited.
12.2.9 Andura Coatings
12.2.10 Tnemec Co. Inc.
12.2.11 Saekyung Jolypate Co Ltd
12.2.12 Jiangmen City Crystone Paint Co., Ltd.
12.2.13 Retina Paints Pvt. Ltd.
12.2.14 Ultratech Texture Paints Pvt. Ltd.
12.2.15 Sirca Paints India Limited

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customization
13.4 Related Report

Companies Mentioned

  • Akzonobel N.V.
  • Andura Coatings
  • Anvil Paints & Coatings
  • Asian Paints Limited
  • Axalta Coating Systems
  • Berger Paints
  • Crown Paints Limited.
  • Dunn-Edwards
  • Haymes Paints
  • Hempel Group
  • Jiangmen City Crystone Paint Co., Ltd.
  • Jotun A/S
  • Kansai Paint Company Limited
  • Kelly Moore Paints
  • Nippon Paints Holdings Co., Ltd.
  • PPG Industries, Inc
  • Retina Paints Pvt. Ltd.
  • Saekyung Jolypate Co Ltd
  • Sirca Paints India Limited
  • SK Kaken Co., Ltd.
  • Spectrum Paints Limited
  • The Sherwin-Williams Company
  • Tikkurila OYJ
  • Tnemec Co. Inc.
  • Ultratech Texture Paints Pvt. Ltd.

Methodology

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