Texture Paint Market To Reach USD 13.74 Billion at a CAGR of 4.10% by 2028 | Reports and Data

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.

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.

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Top Lading Players: BASF SE, 3M Company, Sika, Bostik, Henkel, H.B. Fuller, Mapei S.p.a., Ardex, Sain-Gobain Weber, Terraco, Fosroc are key players in the market.

Some Key Highlights from the Report:

• The texture paint market is estimated to reach USD 12.28 Billion by 2026, at a CAGR of 4.2% during the forecast period.
• The smooth textured product accounts for the largest share of 30.1% of the market in 2018.
• The sand additives is anticipated to grow at the highest rate of 4.2% during the forecast period.
• The non-residential application segment is anticipated to grow at a higher rate of 4.7% during the forecast period.
• The interior substrate type is anticipated to grow at a higher rate of 4.4% during the forecast period.
• Rising consumer spending power on home improvements is anticipated to impact the market during the forecast period positively.
• The blend of color and texture conveys a definite experience, so the right mix is a solution to the overall design.
• Various players are developing strategies to mark their presence in the industry.
• Dulux Paints is estimated to go green by 2019, naming two deep green tones, Mojito Shimmer and Night Watch, Mojito Shimmer, as co-colors of the year. Night Watch is motivated by nature, depicting abundant greenery and giving a calming yet exhilarating sense of happiness. On the other hand, Mojito Shimmer holds a unique, radiant, frosty-green coating. They are accessible in forty light-animating colors, creating a silky layered impression that is smooth to the touch, and also produces a notable multi-toned and bright surface.

Segments covered in the report:

Additives Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

• Sand
• Quartz
• Others

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

• Smooth textured paint
• Self-mixing paints
• Smooth textured paint
• Premixed
• Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

• Residential
• Non-residential

Substrate Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

• Interior
• Exterior

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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