The global texture paint market is progressing at a good rate and expected to register decent growth during the forecast period.
This is attributed to the growing preference of urban population to provide aesthetics looks to the homes and also the increased applicability of these paints in the interior designing.
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On the basis of product type, the texture paint market is classified into interior texture paint and exterior texture paint.
Based on application, the texture paint market is segmented into residential and non-residential, where the non-residential application includes the construction of industrial, commercial, and institutional buildings.
Increasing construction activities, increasing demand from the middle-class population due to rising income level are the major factors that are driving the texture paints market growth. The construction activities around the world are increasing at a fast pace for infrastructure development in order to meet the increasing demand of the ever-increasing population, particularly in developing countries.
Some of the major players operating in the texture paint market are PPG Industries, AkzoNobel N.V., The Sherwin-Williams Company, Asian Paints, Nippon Paints, Axalta Coating Systems, Kansai Paint, Valspar, Berger Paints, and Haymes Paints.
Source: VynZ Research