Top 10 Texture Paints Market Companies are Asian Paints, Akzo Nobel, Berger Paints, Kansai Nerolac Paints, DuluxGroup, Hempel, Sherwin-Williams Company, and Others.

The global texture paints market size was USD 12.33 billion in 2022. The market is set to increase from USD 12.86 billion in 2023 to USD 17.74 billion by 2030 at a CAGR of 4.7% during 2024-2030. Asia Pacific dominated the texture paints market with a market share of 53.69% in 2022.

Rising demand for texture paints from several end-user industries, including construction, is fostering market development. These paints are highly preferred for the interior design of houses. Growing usage of residential structural paints for decorating or repainting and rapid expansion of the construction industry are augmenting market growth.

Fortune Business Insights™ shares this information in its report titled "Texture Paints Market Size, Share, Report, 2024-2030."

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List of Key Players Profiled in the Market Report

Asian Paints Ltd (India)
Akzo Nobel N.V (Netherlands)
Nippon Paint Holdings Co., Ltd. (Japan)
Berger Paints India Limited (India)
PPG Industries Inc. (U.S.)
Kansai Nerolac Paints Limited (India)
The Sherwin-Williams Company (U.S.)
DuluxGroup Limited (U.K.)
BASF SE (Germany)
Hempel A/S (Denmark)

Texture Paints Market Segments

Increased Demand for Acrylic Resins due to their Durability Fueled Segment Growth

In terms of resin type, the market is classified into acrylic and others. The acrylic segment dominated the texture paints market share. The rapid adoption of acrylic resins due to their durability is fostering segment expansion.

Water-based Technology Segment Led the Market due to Its No VOC Emission Properties

On the basis of technology, the market is categorized into water-based and solvent-based. The water-based segment commanded the global market. Increased demand for water-based technology due to its no VOC emission properties is driving segment expansion.

Increase in Expenditure on Interior Decoration to Augment Segment Growth

By product type, the market is bifurcated into interior and exterior. The interior segment is predicted to grow at a higher CAGR over the forecast timeframe. The segment growth is driven by the increased usage of texture paints to make different effects, including stucco, sand, or metallic finishes, adding character to interior spaces. An increase in expenditure on interior decoration is fostering segment expansion.

Increasing Need for Interior and Exterior Design in Residential Applications Bolstered Segment Growth

Based on application, the market is segregated into residential and non-residential. The residential segment secured a significant market share. The increasing need for interior and exterior design in residential applications is driving segment expansion.

From the regional ground, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Report Coverage

The report has studied the market in depth and underlined several crucial aspects and leading market participants. It provides important insights into the recent market trends and key industry developments. In addition to the factors mentioned above, the report covers many other factors that have helped the market grow.

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Drivers and Restraints

Rise in Construction Activities to Boost Market Development

The construction industry is set to increase by around USD 8 trillion by 2030. Surging construction activities and government investments in different public infrastructure projects are expected to propel the market growth over the projected period. A rise in the demand for aesthetic enhancements in building structures is driving market growth. They provide not only decorative appeal but also serve functional purposes, such as covering imperfections and adding durability. Growing preference for texture paints by builders and homeowners due to their ability to make visually appealing surfaces and mask irregularities in walls is augmenting market expansion. The rapid expansion of the construction industry is driving market growth.

Nevertheless, the harmful effect of these paints on human health is impeding market growth.

Regional Insights

Rapid Expansion of Residential Construction Sector in China Propelled Market Growth in Asia Pacific

Asia Pacific commanded the global market. The rapid expansion of the residential construction sector in China due to the growing population is driving market growth in the region. The increasing need for decorating furniture, windows, and walls is also assisting market growth in the region.

Market growth in Europe is driven by the increasing number of restoration and rehabilitation projects in historic structures and sites.

Competitive Landscape

Rising Emphasis on Acquisitions by Leading Players to Augment Market Growth

Prominent players are competing with international and regional participants with robust distribution networks. They are concentrating on signing new contracts, acquisitions, and strategic partnerships with other market players to expand their existing markets.

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Key Industry Development

March 2021: AkzoNobel acquired 100% of the shares of Industrias Titan S.A.U. (Titan Paints), hence fortifying its paint business and increasing its market footprint in Spain. The transaction comprises three production units and seven logistics and service centers for decorative paints, such as one of the advanced production plants for water-based paints in Europe in El Prat de Llobregat, near Barcelona.

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This release was published on openPR.