Textured Coating Market Trends and Forecast
The future of the global textured coating market looks promising with opportunities in the residential, commercial, and industrial markets. The global textured coating market is expected to grow with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are rising popularity of diy projects and home improvement activities, growing adoption of eco-friendly textured coatings, and expanding demand for decorative finishes in various industries, such as furniture, automotive, and construction.
• Lucintel forecasts that smooth textured coating 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 Textured Coating Market
• United States: In the United States, companies like Sherwin-Williams and PPG Industries have been expanding their textured coating offerings. Sherwin-Williams announced a new range of textured coatings aimed at enhancing durability and aesthetic appeal for residential and commercial applications. PPG Industries launched initiatives focusing on sustainable coatings, aligning with regulatory standards and consumer demand for eco-friendly products. The government has set targets to promote green building practices, encouraging the adoption of energy-efficient coatings in construction.
• India: In India, Asian Paints and Berger Paints are prominent players driving market growth. Asian Paints introduced innovative textured coatings that resist weathering and provide thermal insulation, targeting the countryÄX%$%Xs diverse climatic conditions. Berger Paints announced investments in expanding production capacities for textured coatings to meet growing domestic demand. The governmentÄX%$%Xs initiatives include promoting affordable housing and infrastructure development, boosting the demand for high-performance coatings that enhance building longevity.
• China: ChinaÄX%$%Xs textured coating market is witnessing significant growth with companies like Nippon Paint and Hempel expanding their presence. Nippon Paint launched advanced textured coatings tailored for industrial applications, focusing on corrosion resistance and durability. Hempel introduced eco-friendly textured coatings that comply with stringent environmental regulations. The Chinese government aims to promote sustainable development through stricter emission controls and incentives for green building materials, driving adoption of environmentally friendly coatings.
• Germany: In Germany, companies such as BASF and Sto AG are leading innovations in textured coatings. BASF announced investments in research and development of bio-based textured coatings, reducing dependence on fossil fuels and promoting sustainability. Sto AG introduced high-performance textured coatings with enhanced thermal insulation properties, targeting energy-efficient building standards in Europe. The German governmentÄX%$%Xs initiatives include promoting energy-efficient renovations and sustainable construction practices, supporting the adoption of advanced textured coatings that contribute to building efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Textured Coating Market by Segment
The study includes a forecast for the global textured coating market by type, application, and region.
Textured Coating Market by Type [Value from 2018 to 2030]:
• Smooth
• Sand
• Coarse
• Others
Textured Coating Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
• Others
Textured Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Textured 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 textured coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the textured coating companies profiled in this report include-
• Nippon Paint
• PPG Paints
• USG
• Berger Paints
• Asian Paints
• California Paints
• Duluxgroup
Recent Development in the Textured Coating Market
• PPG Industries: PPG Industries, a leading global supplier of paints, coatings, and specialty materials, introduced a new line of textured coatings designed for exterior and interior applications. The companyÄX%$%Xs initiative focuses on enhancing durability and aesthetic appeal through advanced formulations that resist cracking and fading, catering to both residential and commercial markets.
• Akzo Nobel: Akzo Nobel, another major player in the coatings industry, launched a sustainable textured coating solution aimed at reducing environmental impact. This initiative includes coatings made from recycled materials and formulations that contribute to lower VOC emissions. Akzo NobelÄX%$%Xs focus is on meeting regulatory standards while addressing customer demand for eco-friendly products.
• Sherwin-Williams: Sherwin-Williams expanded its textured coatings portfolio with innovative products targeting specific market segments such as industrial and automotive coatings. The companyÄX%$%Xs initiative emphasizes high-performance coatings that offer superior protection against corrosion and abrasion, catering to the rigorous demands of industrial applications.
• Valspar Corporation: Valspar Corporation introduced a breakthrough textured coating technology that enhances surface aesthetics while providing robust protection against weathering and UV radiation. This initiative is part of ValsparÄX%$%Xs strategy to innovate in the architectural coatings sector, offering solutions that meet the evolving needs of architects, designers, and contractors.
Features of the Global Textured Coating Market
Market Size Estimates: Textured coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Textured coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Textured 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 textured coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the textured coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for textured coating market?
Answer: The global textured coating market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the textured coating market?
Answer: The major drivers for this market are rising popularity of diy projects and home improvement activities, growing adoption of eco-friendly textured coatings, and expanding demand for decorative finishes in various industries, such as furniture, automotive, and construction.
Q3. What are the major segments for textured coating market?
Answer: The future of the textured coating market looks promising with opportunities in the residential, commercial, and industrial markets.
Q4. Who are the key textured coating market companies?
Answer: Some of the key textured coating companies are as follows:
• Nippon Paint
• PPG Paints
• USG
• Berger Paints
• Asian Paints
• California Paints
• Duluxgroup
Q5. Which textured coating market segment will be the largest in future?
Answer: Lucintel forecasts that smooth textured coating is expected to witness the highest growth over the forecast period.
Q6. In textured 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 textured coating market by type (smooth, sand, coarse, and others), application (residential, commercial, industrial, and others), 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?
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