Global texture paints market: Emerging economies of Asia Pacific are projected to witness robust demand for texture paints during the forecast period, 2018–2023
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 emerged as the largest regional market in 2017 and is expected to grow at the fastest rate during the forecast period. The emerging economies of Asia Pacific are expected to offer lucrative opportunities to the texture paints manufacturers in the coming years. Countries such as China and India are witnessing rapid industrialization and urbanization owing to their relaxed investment norms, low production cost, cheap labor as well as high population growth rate.
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Additionally, countries such as Thailand and Malaysia are investing heavily to better the infrastructure to flourish the regional tourism industry. Increasing consumer spending power on home decoration is expected to positively impact the market during the forecast period.
North America emerged as the second largest market for texture paints and is expected to show steady growth during the forecast period. Growing renovation activities in the U.S and Canada are projected to drive an exponential demand for texture paints, as of 2017, and is expected to ensure steady revenue source to the global texture paints market during the forecast period. Strong home interior designing industry is likely to contribute significantly to the market growth.
Europe is likely to be follow North America in terms of market size and is expected to exhibit steady demand over the forecast period. Renovation and rebounding activities due to high disposable income and established home interior designing industry is likely to be attributed to the market growth.
The Middle East & Africa is expected to exhibit rising demand for texture paints during the forecast period. Government initiatives to flourish tourism industry is driving huge infrastructural development activities in countries such as UAE, Qatar, Oman, and Kuwait and thus are generating huge revenue source to the global texture paints market.
Latin America is also expected to witness increasing demand for texture paints during the forecast period mainly from the growing construction industry in Brazil, Mexico, Chile, Peru, and Venezuela. However, it holds the least market share of the global texture paints market, as of 2017.
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.
On the basis of the additives, the global texture market is segmented into sand, quartz, household items, and others.
On the basis of the substrate type, the global texture paints market is segmented into interior (walls, ceilings, floorings) and exterior walls.
On the basis of the application, the global texture paints market is segmented into residential and non-residential.
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).
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Texture Paints Market
LIST OF TABLES
Table 1 Global Texture Paints Market: By Region, 2018–2023
Table 2 North America Texture Paints Market: By Country, 2018–2023
Table 3 Europe Texture Paints Market: By Country, 2018–2023
Table 4 Asia-Pacific Texture Paints Market: By Country, 2018–2023
Table 5 Middle East & Africa Texture Paints Market: By Country, 2018–2023
Table 6 Latin America Texture Paints Market: By Country, 2018–2023
Table 7 Global Texture Paints By Product Type Market: By Regions, 2018–2023
Table 8 North America Texture Paints By Product Type Market: By Country, 2018–2023
Table 9 Europe Texture Paints By Product Type Market: By Country, 2018–2023
Table10 Asia-Pacific Texture Paints By Product Type Market: By Country, 2018–2023
Table11 Middle East & Africa Texture Paints By Product Type Market: By Country, 2018–2023
Table12 Latin America Texture Paints By Product Type Market: By Country, 2018–2023
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