Texture Coating Market Trends and Forecast
The future of the global texture coating market looks promising with opportunities in the residential, commercial, and industrial markets. The global texture coating market is expected to grow with a CAGR of 4.4% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly construction materials, advancements in technology enhancing product performance, and rising consumer preference for textured finishes in interior design.
• Lucintel forecasts that smooth is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Texture Coating Market
• United States: Sherwin-Williams announced a new eco-friendly texture coating line aiming for 30% reduced VOC emissions by 2025, supported by government incentives for sustainable building materials.
• China: Nippon Paint launched a textured coating series designed for high-rise buildings, aligning with ChinaÄX%$%Xs urban renewal targets and green building initiatives.
• Germany: Sto SE & Co. KGaA introduced a fire-resistant texture coating for industrial applications, in line with government regulations on building safety and sustainability.
• India: Asian Paints unveiled a low-cost textured coating option for rural housing, supported by government subsidies under the Pradhan Mantri Awas Yojana, aimed at affordable housing development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Texture Coating Market by Segment
The study includes a forecast for the global texture coating market by type, application, and region.
Texture Coating Market by Type [Value from 2018 to 2030]:
• Smooth
• Sand
• Coarse
• Others
Texture Coating Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
Texture Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Texture Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies texture coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the texture coating companies profiled in this report include-
• Nippon Paint
• PPG Paints
• USG
• Berger Paints
• Asian Paints
• California Paints
• Dulux
Recent Development in the Texture Coating Market
• Sherwin-Williams Introduces Eco-Friendly Coatings: Sherwin-Williams launched a new line of eco-friendly texture coatings, leveraging sustainable materials to meet rising consumer demand for environmentally responsible products.
• PPG Industries Expands Texture Coating Portfolio: PPG Industries expanded its texture coating portfolio with innovative formulations designed for enhanced durability and aesthetic appeal in residential and commercial applications.
• Asian Paints Partners with Local Distributors: Asian Paints forged strategic partnerships with local distributors in emerging markets, aiming to strengthen its distribution network and expand market reach for its texture coating products.
• Valspar Implements Advanced Manufacturing Techniques: Valspar adopted advanced manufacturing techniques in its texture coating production process, increasing efficiency and reducing environmental impact across its global facilities.
• Axalta Innovates with Anti-Graffiti Texture Coatings: Axalta introduced new anti-graffiti texture coatings, integrating nanotechnology to provide superior resistance against vandalism and environmental wear, catering to urban infrastructure projects worldwide.
Features of the Global Texture Coating Market
Market Size Estimates: Texture coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Texture coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Texture coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the texture coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the texture coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for texture coating market?
Answer: The global texture coating market is expected to grow with a CAGR of 4.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the texture coating market?
Answer: The major drivers for this market are increasing demand for eco-friendly construction materials, advancements in technology enhancing product performance, and rising consumer preference for textured finishes in interior design.
Q3. What are the major segments for texture coating market?
Answer: The future of the texture coating market looks promising with opportunities in the residential, commercial, and industrial markets.
Q4. Who are the key texture coating market companies?
Answer: Some of the key texture coating companies are as follows:
• Nippon Paint
• PPG Paints
• USG
• Berger Paints
• Asian Paints
• California Paints
• Dulux
Q5. Which texture coating market segment will be the largest in future?
Answer: Lucintel forecasts that smooth is expected to witness the highest growth over the forecast period.
Q6. In texture coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the texture coating market by type (smooth, sand, coarse, and others), application (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Texture Coating Market Market, Texture Coating Market Market Size, Texture Coating Market Market Growth, Texture Coating Market Market Analysis, Texture Coating Market Market Report, Texture Coating Market Market Share, Texture Coating Market Market Trends, Texture Coating Market Market Forecast, Texture Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.