Texture Paint Market Overview:
Texture paint refers to the textured feel and appearance on the interior walls of structures for stylish look. Texture paint contains additives and resins to protect texture even after the paint dries which makes it different from other normal paints.
Increase in demand from end-use industries such as building and construction drives the growth of the global texture paint market. In addition, increase in use of texture paint for house interior decoration and growth in demand for painting and repainting of residential structures are the key factors that are expected to drive the growth of the global texture paint market. Increase in capita, improved standard of living, and increase in home ownership are the additional factors that are expected to increase the growth of the global texture paint market.
High cost of texture paint in comparison to conventional paint is expected to restrain the growth of the global texture paint market. Texture paint requires skilled manpower and more time for application in comparison to conventional paint which may hamper the demand for texture paint and will impede the growth of the market. Expansion of the building and construction industry in developing countries such as India and China are anticipated to provide lucrative opportunities for the growth of the global texture paint market.
The global texture paint market is segmented based on product type, application, and region. On the basis of product type, it is bifurcated into interior and exterior. On the basis of application, the market is segmented into residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include PPG Industries, Inc., Berger Paints, AkzoNobel, Asian Paints Ltd, The Sherwin-Williams Company, Andura Coatings, Kansai Paint Co., Ltd., Nippon Paint Group, The Valspar Corporation, and Spectra Textured Wall Coating Pvt. Ltd. Other players in the value chain analysis (and not included in the report) include Hempel A/S, Jotun A/S, Axalta Coating Systems Ltd., S K Kaken Co., Kelly-Moore Paints, and Haymes.
Key Benefits for Texture Paint Market:
Porters five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
The report outlines the current trends and future scenario of the texture paint market to understand the prevailing opportunities and potential investment pockets.
An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
The key drivers, restrains, and opportunities and their detailed impact analysis are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.
Texture Paint Market Report Highlights
By Product Type
Key Market Players
Kansai Paint, Axalta Coating Systems, Valspar, PPG Industries, Akzonobel, Hempel, The Sherwin-Williams Company, Asian Paints, Nippon Paints, Jotun