Leading Companies Fueling Growth and Innovation in the Texture Paint Market

The texture paint sector is showing promising signs of steady expansion as it responds to evolving demands in interior and exterior design. With increasing focus on durability and aesthetics in construction projects worldwide, this market is set to experience notable growth over the coming years. Let's delve into the market's size forecasts, key players, major trends, and segmentation details to understand its future trajectory.

Projected Size and Growth Rates of the Texture Paint Market by 2030
The texture paint market is anticipated to expand steadily, reaching a valuation of $17.18 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.6%. The market's upward trajectory is supported by several factors, including a heightened demand for premium interior finishes, the rise of smart city developments, increasing preference for long-lasting wall coatings, innovations in environmentally friendly texture additives, and growth in commercial real estate projects. Among the emerging trends are a surge in decorative interior wall finishes, greater use of texture paints to hide surface flaws, a shift toward water-based texture paints, broader application of exterior texture paints in urban infrastructure, and a growing inclination toward customized wall designs.

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Leading Companies Steering the Texture Paint Industry
Several prominent corporations dominate the texture paint market landscape. These include Sherwin-Williams Company, PPG Industries, Sika AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Mapei Corporation, Kansai Paint Co. Ltd., Asian Paints Limited, Jotun A/S, Hempel A/S, Behr Process Corporation, Berger Paints India Limited, Dunn-Edwards Corporation, National Paints Factories Co. Ltd., Kelly-Moore Paints, Diamond Vogel, Crown Paints Ltd., Al-Jazeera Factory For Paints Co., and Jenson And Nicholson Paints Private Limited.

A significant move in the sector took place in December 2023 when Nippon Paint Holdings Co. Ltd., based in Japan, acquired India's Vibgyor Paints and Chemicals Pvt. Ltd. Although the financial terms were not disclosed, this acquisition aims to bolster Nippon Paint's industrial coatings segment in India. By expanding its product portfolio and resources, the company is positioning itself to better serve industrial customers and strengthen its market leadership in the region.

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Emerging Trends Shaping the Texture Paint Market Future
Industry leaders are focusing on refining formulation methods to deliver superior coloring solutions and improved performance in texture paints. These advanced formulations incorporate specialized ingredients and innovative processes to boost product functionality and ease of use.

For example, in July 2023, DAP Global Inc., a US-based manufacturer of home repair and construction products, introduced a new spray texture paint line designed to cover walls and ceilings with orange peel, knockdown, and popcorn textures. This product features a patent-pending dispensing system that allows adjustable and consistent spray flow, ensuring uniform coverage. The technology also includes a 60-degree adjustable nozzle, making it effective for vertical, overhead, and hard-to-reach areas. Users can switch between fine, medium, or heavy texture levels and lock the settings for transport. The line offers water-based formulas ready for painting in 30 minutes, while the oil-based Orange Peel variant is ready in just five minutes.

Comprehensive Segmentation of the Global Texture Paint Market
This report breaks down the texture paint market into key categories for a clearer understanding:

1) By Product Type: Interior, Exterior
2) By Technology: Water-Based Technology, Solvent-Based Technology
3) By Application: Residential, Non-Residential

Further subcategories include:
- Interior: Wall Texture Paint, Ceiling Texture Paint, Decorative Texture Paint
- Exterior: Weather-Resistant Texture Paint, Exterior Wall Texture Paint

Together, these segments illustrate the diverse applications and technological advances shaping the texture paint industry across various regions and customer needs.

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This release was published on openPR.