PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497732
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497732
Faux Finish Coatings Market Size and Share Analysis by Type, Technology, Category, Application, End User - Global Industry Revenue Estimation and Demand Forecast to 2030
Market Overview
The global faux finish coatings market generated USD 2,221.9 million in revenue in 2023, and it is projected to witness a CAGR of 6.9% between 2024 and 2030, reaching USD 3,498.2 million by 2030.
It is on account of the level of urbanization doubling, corporate offices ever rising, and people living a high standard of living. A faux finish could be applied to hide imperfections, for instance, cracks and dents, a process that could be more expensive than the new pricey high-quality paint coats. Hence, the approach is a cheaper option as it saves the much-needed money for other purposes.
Another decorative style referred to as faux finishing is known as faux painting. The word faux is French for false because it copies the quality of real materials, such as granite, cloth, or wood. This way recreates the texture to present the characteristics of the surfaces of these materials.
The construction business is increasing at a substantial pace in Sweden, the U.S., China, India, Canada, Australia, and the U.K., largely due to the growing population and fast urbanization. The growing investments in the construction of hotels, offices, apartments, the infrastructure of government departments, and retail centers are the very reasons why this problem is created.
On the other hand, the growth in the Indian building sector may average out to 7% per year and 6% by year 2025. Therefore, a major increase in the amount of construction industry is growth in the APAC region driving the demand for decorative coatings and thus resulting in the market growth.
Key Insights
In 2023, the plasters category had a 20% industry share.
Plastering makes a tough and robust finish on walls or ceilings.
Water elimination from the cement mixture during plastering supports the bond, advancing wall strength.
Plastering alters uneven wall surfaces into smooth ones.
The metallic category dominates with a 35% industry share.
Several methods like sponging, color washing, and ragging are used for metallic faux finishing.
The Water-based category leads the industry because of its shielding properties against abrasion and heat.
Water-borne paints and coatings have an excellent environmental reputation due to their low VOC and HAP emissions.
These materials are cost-effective and have advanced adhesive features.
Acrylic faux finishes have been a great example of such kind.
Acrylates are products obtained by the oxidation of acrylic acid in different forms: fiber, glass, resin, and polymer.
Acrylic paints are even-fast drying, water-soluble, flexible, water-resistant, non-toxic, and easily diluted.
New construction leads with a 60% share, propelled by fast development in construction in India, China, the U.S., Australia, Canada, and the U.K.
Populace increases in India and China fuel the construction of apartments, homes, hotels, and more.
The renovation also grips a substantial share because of augmented expenditure on home and office remodeling.
The walls & ceilings application category has the largest market share, given their prominence in built structures.
The residential segment leads due to global population growth and urbanization, supporting the construction of various housing types.
Gross private domestic investment and construction spending have risen which reflects market growth.
APAC has led the market with 40%, which was mainly supported by the population jump, industrialization, and increased income.
North America's sizable share will increase and have a strong CAGR because of a high demand for infrastructure projects, manufacturing resurgence, and strong construction activity.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by category
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by end user
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Technology (2017-2030)
- 6.4. Market Revenue, by Category (2017-2030)
- 6.5. Market Revenue, by Application (2017-2030)
- 6.6. Market Revenue, by End User (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Technology (2017-2030)
- 7.4. Market Revenue, by Category (2017-2030)
- 7.5. Market Revenue, by Application (2017-2030)
- 7.6. Market Revenue, by End User (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Technology (2017-2030)
- 8.4. Market Revenue, by Category (2017-2030)
- 8.5. Market Revenue, by Application (2017-2030)
- 8.6. Market Revenue, by End User (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Technology (2017-2030)
- 9.4. Market Revenue, by Category (2017-2030)
- 9.5. Market Revenue, by Application (2017-2030)
- 9.6. Market Revenue, by End User (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Technology (2017-2030)
- 10.4. Market Revenue, by Category (2017-2030)
- 10.5. Market Revenue, by Application (2017-2030)
- 10.6. Market Revenue, by End User (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Technology (2017-2030)
- 11.4. Market Revenue, by Category (2017-2030)
- 11.5. Market Revenue, by Application (2017-2030)
- 11.6. Market Revenue, by End User (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Technology (2017-2030)
- 12.4. Market Revenue, by Category (2017-2030)
- 12.5. Market Revenue, by Application (2017-2030)
- 12.6. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Technology (2017-2030)
- 13.4. Market Revenue, by Category (2017-2030)
- 13.5. Market Revenue, by Application (2017-2030)
- 13.6. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Technology (2017-2030)
- 14.4. Market Revenue, by Category (2017-2030)
- 14.5. Market Revenue, by Application (2017-2030)
- 14.6. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Technology (2017-2030)
- 15.4. Market Revenue, by Category (2017-2030)
- 15.5. Market Revenue, by Application (2017-2030)
- 15.6. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Technology (2017-2030)
- 16.4. Market Revenue, by Category (2017-2030)
- 16.5. Market Revenue, by Application (2017-2030)
- 16.6. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Technology (2017-2030)
- 17.4. Market Revenue, by Category (2017-2030)
- 17.5. Market Revenue, by Application (2017-2030)
- 17.6. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Technology (2017-2030)
- 18.4. Market Revenue, by Category (2017-2030)
- 18.5. Market Revenue, by Application (2017-2030)
- 18.6. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Technology (2017-2030)
- 19.4. Market Revenue, by Category (2017-2030)
- 19.5. Market Revenue, by Application (2017-2030)
- 19.6. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Technology (2017-2030)
- 20.4. Market Revenue, by Category (2017-2030)
- 20.5. Market Revenue, by Application (2017-2030)
- 20.6. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Technology (2017-2030)
- 21.4. Market Revenue, by Category (2017-2030)
- 21.5. Market Revenue, by Application (2017-2030)
- 21.6. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Technology (2017-2030)
- 22.4. Market Revenue, by Category (2017-2030)
- 22.5. Market Revenue, by Application (2017-2030)
- 22.6. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Technology (2017-2030)
- 23.4. Market Revenue, by Category (2017-2030)
- 23.5. Market Revenue, by Application (2017-2030)
- 23.6. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Technology (2017-2030)
- 24.4. Market Revenue, by Category (2017-2030)
- 24.5. Market Revenue, by Application (2017-2030)
- 24.6. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Technology (2017-2030)
- 25.4. Market Revenue, by Category (2017-2030)
- 25.5. Market Revenue, by Application (2017-2030)
- 25.6. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Technology (2017-2030)
- 26.4. Market Revenue, by Category (2017-2030)
- 26.5. Market Revenue, by Application (2017-2030)
- 26.6. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Technology (2017-2030)
- 27.4. Market Revenue, by Category (2017-2030)
- 27.5. Market Revenue, by Application (2017-2030)
- 27.6. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Technology (2017-2030)
- 28.4. Market Revenue, by Category (2017-2030)
- 28.5. Market Revenue, by Application (2017-2030)
- 28.6. Market Revenue, by End User (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Sherwin-Williams Company
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Nippon Paint Holdings Co. Ltd.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Axalta Coating Systems Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Kansai Paint Co. Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Faux Effects International Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Jotun A/S
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. PPG Industries Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. RPM International Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. BASF SE
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Asian Paints Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Hempel A/S
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Akzo Nobel N.V.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
