Texture Paint Market Worth 10.99 Billion USD by 2022
PUNE, India, April 5, 2018 /PRNewswire/ --
The report "Texture Paint Market by Product Type (Interior, and Exterior), Application (Residential, and Non-Residential), and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa)-Global Forecast to 2022" published by MarketsandMarkets™, the Texture Paint Market is estimated to be USD 8.71 Billion in 2017 and is projected to reach USD 10.99 Billion by 2022, at a CAGR of 4.77% from 2017 to 2022. This growth can be attributed to the increasing use of texture paints in residential and non-residential applications. The rise in per capita paint consumption is a major driver projected to influence the demand for texture paints. Increasing middle-class population, rising disposable income, and growing demand for housing are additional factors expected to drive the Texture Paint Market during the forecast period.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Browse 102 market data Tables and 33 Figures spread through 114 Pages and in-depth TOC on "Texture Paint Market"
https://www.marketsandmarkets.com/Market-Reports/texture-paint-market-215881072.html
Early buyers will receive 10% customization on this report
Residential: The largest application segment of the Texture Paint Market
Texture paints are used in both, residential and non-residential applications. The residential application segment is estimated to account for the largest share of the Texture Paint Market in 2017, in terms of volume and value. The increase in demand for texture paints in new painting and repainting of residential constructions and rapid growth in home ownership are key factors projected to drive the growth of the residential application segment.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=215881072
Interior texture paint: The largest product type segment of the Texture Paint Market
Based on product type, the interior texture paint segment is projected to lead the Texture Paint Market both, in terms of volume and value, during the forecast period. Interior texture paints are applied on interior walls, floors, and ceilings. The increasing use of texture paints for home interior decoration is one of the most significant factors projected to drive the growth of the interior texture paint segment. Improved standard of living and infrastructural developments in emerging economies are additional factors expected to drive the demand for interior texture paints.
Rising demand for texture paints from APAC: A major driver for the Texture Paint Market
APAC is estimated to account for the largest share of the Texture Paint Market in 2017, in terms of volume and value; the Texture Paint Market in APAC is projected to grow at the highest CAGR during the forecast period, in terms of value. The APAC region is a key market for texture paints, owing to the economic growth of APAC countries and increasing disposable income of the middle-class population. The expansion of the construction industry in China is also contributing to the growth of the Texture Paint Market in the APAC region. India is projected to be the fastest-growing Texture Paint Market in the APAC region, in terms of volume.
Key players operating in the Texture Paint Market include AkzoNobel (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Asian Paints (India), and Kansai Paint (Japan).
Know more about Texture Paint Market:
https://www.marketsandmarkets.com/Market-Reports/texture-paint-market-215881072.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article