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Faux Finish Coatings - Global Market Trajectory & Analytics

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    Report

  • 366 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139553

FEATURED COMPANIES

  • Adicolor s.r.l.
  • Benjamin Moore & Co.
  • DecoArt, Inc.
  • Modern Masters, Inc.
  • The Valspar Corp.

Global Faux Finish Coatings Market to Reach $9.2 Billion by 2026


Faux finish coatings are decorative paint finishes used on ceilings, walls, furniture, floors and other surfaces for replicating the look of specific materials like stones, wood and metals. Expansion of construction industry and continuous surge in architectural services are the two primary factors driving growth in the global market. The market growth is augmented by steady growth of the architecture and building & construction industries, creating robust demand for faux finish coatings including metallic and wall glazing. These coatings will witness increasing uptake as decorative paint finishes within construction applications imitates the looks of materials like wood, marble and stone. Increasing need to make interiors aesthetically-appealing coupled with numerous merits like superior finishing and saving in labor costs is anticipated to boost the global demand. Increasing consumer spending on home painting and decoration applications is slated to boost the market demand. The market growth is facilitated by infrastructure initiatives like the European Framework for Sustainable Buildings to make structures sustainable and eco-friendly. Faux finish coatings are also benefitting from increasing number of new construction projects, most notably across emerging markets, owing to surge in housing ownership and commercial development activity. Factors such as increasing consumer awareness, expansion of the retail network and rising focus on home décor are anticipated to provide a significant impetus to the market.

Amid the COVID-19 crisis, the global market for Faux Finish Coatings estimated at US$7.3 Billion in the year 2022, is projected to reach a revised size of US$9.2 Billion by 2026, growing at a CAGR of 5.4% over the analysis period. Plasters, one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$3.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metallics segment is readjusted to a revised 5.9% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Faux Finish Coatings market. Plasters segment`s growth can be attributed to increasing uptake of plaster in various industries like infrastructure development and building & construction.

The U.S. Market is Estimated at $2 Billion in 2022, While China is Forecast to Reach $1.3 Billion by 2026


The Faux Finish Coatings market in the U.S. is estimated at US$2 Billion in the year 2022. The country currently accounts for a 28.52% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2026 trailing a CAGR of 7.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the end of the analysis period. The North American market is gaining from notable contribution from the US and the presence of leading players in the region. The US market is fueled by rising residential and commercial construction activity along with high uptake of these coatings in the architectural industry. The market is benefitting from large-scale projects announced by various companies. Faux finish coatings are experiencing high uptake in new residential or non-residential projects, mainly in developing regions.

Wall Glazing Segment to Reach $1.6 Billion by 2026


Wall glazing, another key segment, is widely used in commercial, industrial and residential sectors owing to its unique properties such as enhanced thermal efficiency. Wall glazing makes walls aesthetically appealing and allows deeper penetration of natural light in the building. In the global Wall Glazing segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$878.3 Million will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$243.8 Million by the year 2026, while Latin America will expand at a 7.6% CAGR through the analysis period.

Select Competitors (Total 29 Featured):

  • Adicolor s.r.l.
  • Anvil Paints & Coatings, Inc.
  • Benjamin Moore & Co.
  • Crescent Bronze Powder Co.
  • DecoArt, Inc.
  • DuROCK Alfacing International Ltd.
  • Faux Effects International Inc.
  • Modern Masters, Inc.
  • Multicolor Specialties, Inc.
  • The Sherwin-Williams Company
  • The Valspar Corp.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Adicolor s.r.l.
  • Benjamin Moore & Co.
  • DecoArt, Inc.
  • Modern Masters, Inc.
  • The Valspar Corp.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Faux Finish Coatings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 and a Looming Global Recession
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
  • Impact on Faux Finish Coatings Market
  • Slowdown in Construction Sector Projects Impacts Demand
  • Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • An Introduction to Faux Finish Coatings: Decorative Paint Finishes Adding Dash of Elegance to Surfaces
  • Faux Finishes: Techniques
  • Products and Tools for Faux Finish Coatings
  • Faux Finish Coatings Market Display Vibrant, Eye-Grabbing Shades of Dynamism: Global Prospects & Outlook
  • Salient Drivers Fueling Global Demand
  • Key Market Restraints
  • Segment Overview: Plasters and Building & Construction: Primary Market Segments
  • World Faux Finish Coatings Market by Type (2020 & 2027): Percentage Breakdown of Sales for Plasters, Metallics, Wall Glazing, Marbleizing, and Other Types
  • World Faux Finish Coatings Market by Application (2020 & 2027): Percentage Breakdown of Sales for Building & Construction, Furniture, and Other Applications
  • Regional Analysis: US Sweeps Faux Finish Coatings Market with Commanding Stake
  • World Faux Finish Coatings Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • Global Faux Finish Coatings Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Competitive Scenario
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Building & Construction: Major End-Use Sector for Faux Finish Coatings
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Trends in the Construction Industry Influence Market Uptake
  • Building Renovations & Remodeling: Prominent Revenue Generating Vertical
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • A Brief Overview of Architectural Coatings Market
  • Sustained Opportunities in the Furniture Sector
  • Global Wooden Furniture Market in US$ billion: 2017-2025
  • Top 5 Furniture Exporting & Importing Countries
  • COVID-19 Derails Momentum in Furniture Industry in 2020
  • Growing Emphasis on Interior Decoration Drives Demand
  • Innovative Interior Design Concepts & Creative Finish Ideas Influence the Market
  • Green Panelized Housing Benefits from the ‘Go Green’ Trend
  • Stringent Government Regulations Driving Demand for Environment-Friendly Faux Finish Coatings
  • Favorable Demographic & Macro Trends Strengthen Market Prospects
  • Rapid Urbanization to Drive Demand Prospects
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
  • Population Growth
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Burgeoning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Housing Starts in US in Thousands: 2015-2019
  • Housing Starts in US: Jan-Oct 2020
  • Commercial Construction Sector
  • Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • US Non Residential Buildings % Change: 2019 & 2020
  • Industrial Wood Faux Finish Coatings Poised to Grow
  • Metallic Finishes Gain Prominence
  • Regulations Dictate Paints & Coatings Demand
CANADA
  • Market Overview
  • Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • Housing Starts in Canada in Units: Jan 2020-Oct 2020
JAPAN
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Rapid Urbanization in China to Boosts Demand for Faux Finish Coatings
  • Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
EUROPE
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Rising Standards of Living Fuel Market Expansion
FRANCE
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Asian Construction Market (2020E): Percentage Breakdown of Spend by Sector
AUSTRALIA
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Rising Income Levels and Urbanization Favor Aspirational Consumption of Faux Finish Coatings
  • Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Faux Finish Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 29

A selection of companies mentioned in this report includes:

  • Adicolor s.r.l.
  • Anvil Paints & Coatings, Inc.
  • Benjamin Moore & Co.
  • Crescent Bronze Powder Co.
  • DecoArt, Inc.
  • DuROCK Alfacing International Ltd.
  • Faux Effects International Inc.
  • Modern Masters, Inc.
  • Multicolor Specialties, Inc.
  • The Sherwin-Williams Company
  • The Valspar Corp.