CHICAGO, May 24, 2023 /PRNewswire/ -- The report "Texture Paint Market by Resin Type (Acrylic and Epoxy), Technology (Water based, Solvent based), Product Type (Interior and Exterior), Application (Residential and Non - Residential), & Region (Asia Pacific, Europe, North America - Global Forecast to 2028", size is estimated at USD 12.5 billion in 2022 to USD 16.2 billion by 2028, at a CAGR of 4.4%, between 2023 and 2028. The rapid growth of the construction sector, growing urbanization, increasing disposable income, and increasing gross domestic product (GDP) drive the texture paint market. The texture paint market is divided into five key regions: Asia Pacific, Europe, North America, Europe, the Middle East & Africa, and South America. China and India, among other countries, are leading the texture paint market globally.
Browse in-depth TOC on "Texture Paint Market"
270 – Tables
70 – Figures
320 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215881072
Interior segment is expected to account for the largest share in 2022.
Interior texture paint are used to add depth, character, and visual interest to a room's surfaces. Texture paint is available in various forms, such as premixed or powder form, and it can be applied using different techniques, including brushing, rolling, or spraying. Texture paint provide high quality, even surfaces, prevent walls from damage, durable finish, improved efficiencies, and simplified environmental compliance. Texture paint manufacturers find opportunities in the market as it is more environment-friendly than solvent-based coating. As governments sanction more restrictive VOC and HAPs regulations, more customers are likely to turn to texture paints.
Residential segment is expected to account for the largest share in 2022.
The residential construction market Include buildings and renovating residential properties, such as houses, apartments, condominiums, and townhouses. The residential construction market is influenced by various factors, including economic conditions, population growth, interest rates, government policies, rapid urbanization, improved standard of living, rise in per capita income, an increasing number of smaller households, change in consumer lifestyle, and housing demand. Consumers are increasingly inclined to use eco-friendly paints. These factors are positively influencing the texture paint market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=215881072
Asia Pacific is expected to register highest CAGR during the forecast period.
The texture paint global market is dominated by asia pacific region. The presence of major construction industries in the region contributes to the region's dominance. In comparison to other regions Asia Pacific is expected to witness a high growth rate. The demand is attributed to the emerging GDP, increased spending power, low labour cost, and availability of raw material. Other Asia Pacific countries, such as India, Indonesia, Thailand, Singapore have seen an increase in demand for texture paint as residential construction activities have inceased. Affordable interest rates, Rising income levels, shift toward nuclear families, and modern attitudes toward home ownership in several countries are responsible for a rapid increase in residential construction activities. These factors are positively influencing the texture paint market growth.
Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=215881072
Market Players
Major players operating in the texture paint include AkzoNobel N.V. (The Netherlands), PPG Industries, Inc (US), The Sherwin-Williams Company (US), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), and others.
Browse Adjacent Market: : Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting
Related Reports:
Paints & Coatings Market- Global Forecast to 2027
Decorative Coatings Market- Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/texture-paint-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/texture-paint.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO09579&Transmission_Id=202305240400PR_NEWS_USPR_____IO09579&DateId=20230524)
Share this article