Market Overview
The texture paints market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 4.10 % over the forecast period (2021-2028). The global market value is anticipated to be worth USD 13.74 billion by the end of the forecast period.
Texture paints, unlike smooth paints, give a rough and gritty appearance on the walls. Therefore, they deliver higher aesthetic and functional value. Moreover, these paints give better protection from wall damage due to their rugged structure. Texture paints have heavy consistency and consist of coarse grains of sands or gypsum, metal, ribbon lace, leather, etc. that are bound by water-thinned binder. These paints help In hiding flaws in drywalls by covering dents, cracks, or nail holes. The other advantage of applying texture paints is that they significantly decrease the maintenance cost of walls and are more durable as compared to other paints.
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The rapidly growing construction activities across the globe are raising the demand for texture paints. With the rise in disposable income and living standard of people, the construction of residential and commercial buildings has increased which is, in turn, increasing the demand for these paints. The aesthetic value delivered by these paints is also helping to increase the adoption rate among the people. Moreover, the long-term benefits of using these paints like durability and increased protection from damaging elements including weather are helping to expand the market.
The covid-19 pandemic badly affected the global texture paints market. The complete halt in construction activities of new buildings led to a falling in demand for texture paints. The restrictions on travel and movement of goods affected the market supply and demand of these paints. Moreover, the economic crisis brought by the pandemic affected the spending habits of people made renovation and spending on aesthetic products less purposeful.
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Market Segmentation
Premixed, self-mixing paints, smoothly textured paint
Sand, Quartz
Interior, Exterior
Residential, Non-residential
Regional Analysis
The global texture paints market is segmented into five major regions namely: Asia-Pacific, North America, Europe, Latin America, and the rest of the World including the Middle East & Africa. Among these different regions, the Asia-Pacific region holds the major market share of the global market. The fostering of construction activities in this region with greater emphasis on infrastructure development is responsible for this huge market demand. The growing construction industry in the Middle East and Africa region as well as in the South American region is also helping in the market expansion.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
Continue…
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Industry News
The key players of the industry are investing resources in diversifying the textural options of these paints. Moreover, a strong emphasis is being given to lowering the production cost and reducing the environmental impact as well as health risks associated with these paints.