The Global Texture Paints Market is segmented by Product Type, Additives, Substrate Type, Application, and Region.
On the Basis of the Product Type, the Global Texture Paints Market is segmented into premixed texture paints, self-mixing paints, smooth textured paint, and others. Smooth texture paints accounted for the largest share of the Global Texture Paints Market in 2017 owing to its extensive use in residential and non-residential projects. This product type segment is expected to continue dominating the market during the forecast period, 2018–2023.
On the Basis of the Additives, the Global Texture Market is segmented into sand, quartz, household items, and others. The sand was the leading segment in 2017 and is anticipated to continue its dominance over the forecast period. Increasing consumption in the premixed and self-mixed type of texture paints for exterior walls application coupled with significant increase in the construction spending across the emerging economies of Asia Pacific and the Middle East is projected to bolster the market growth over the forecast period.
On the Basis of the Substrate Type, the Global Texture Paints Market is segmented into the interior (walls, ceilings, floorings) and exterior walls. The interior substrate type segment has witnessed the largest consumption of Texture Paints as of 2017 to improve the aesthetic appeal of interior walls, floors, and ceilings. Growing home interior designing industry is anticipated to positively influence the growth of this particular segment during the forecast period.
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On the Basis of the Application, the Global Texture Paints Market is segmented into residential and non-residential. Improving living standards has positively impacted the demand for Texture Paints in the residential sector as of 2017, and thus the residential application segment is likely to dominate the Global Texture Paints Market during the forecast period. The growth is attributed to the growing construction activities in Asia Pacific and the Middle East countries coupled with large-scale renovation activities in developed countries.
Some of the key players in the Global Texture Paints Market are Asian Paints (India), Nippon Paint Holdings Co., Ltd. (Japan), Berger Paints India Limited (India), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Hempel A/S (Denmark), Kansai Paint Co., Ltd (Japan), Jotun A/S (Norway), Axalta Coating Systems Ltd. (U.S.), The Valspar Corporation. (U.S.), S K Kaken Co., Ltd. (Japan), Kelly-Moore Paints (U.S.), Haymes. (Australia), Anvil Paints & Coatings, Inc. (U.S.), Crown Paints (UK), and Specialized Coating Systems (Pty) Ltd (South Africa).
The Global Texture Paints Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to witness the fastest growth in the Global Texture Paints Market during the forecast period. North America and Europe are relatively mature and are expected to exhibit a steady demand for Texture Paints during the forecast period. The Middle East & Africa and Latin America are expected to witness rising demand for texture paints during the review period 2018-2023.
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