The Texture Paint Market is expected to reach USD 13.74 Billion by 2028, according to a new report by Reports and Data. Texture paints have certainly been distinct in the present home decorations segment. The unique visual effects that can be produced using texture paints offset their expensive costs over regular paints. The principal aesthetic value of texture paints, along with their affordable costs are encouraging the global market. This, along with the addition in interior designing and increasing demand for home interiors is expected to fuel the growth of the market.
Several organizations have color specialists that assists in pattern and paint selection. Texture paints offer a wide range of designs that can be produced using a mix of several colors.
The growth of the market is governed by various factors such as growing aesthetics for various applications
Although the market is growing at a constant growth rate, it will be restricted by a lack of experienced labor for useful applications across the globe. However, increasing usage in residential and non-residential applications is compelled to leave a positive influence on the market growth.
The market in the APAC region is expected to witness the highest CAGR of 4.5% during the forecast period. Developing economy of Asia Pacific countries renders productive opportunities for the market for both residential and non-residential applications. Furthermore, accelerated industrialization and continuous strategic actions initiated by market players play a significant role in the growth of the market.
Leading Market Competitors:
BASF SE, 3M Company, Sika, Bostik, Henkel, H.B. Fuller, Mapei S.p.a., Ardex, Sain-Gobain Weber, Terraco, Fosroc
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Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
- Smooth textured paint
- Self-mixing paints
- Smooth textured paint
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
Substrate Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
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Regional and Country-wise Segmentation of the Global Texture Paint Market:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Texture Paint industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Texture Paint market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Texture Paint business landscape with accurate market projections for the forecast period.
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