PUBLISHER: The Business Research Company | PRODUCT CODE: 1703243
PUBLISHER: The Business Research Company | PRODUCT CODE: 1703243
Crack-proof paint is a specialized coating engineered to prevent the occurrence of cracks on painted surfaces. It is designed to maintain flexibility and durability, adapting to the natural expansion and contraction of building materials caused by temperature fluctuations, changes in humidity, and structural shifts.
The primary types of crack-proof paint include water-based and solvent-based formulations. Water-based crack-proof paint utilizes water as the primary solvent instead of harsh chemicals, making it environmentally friendly and easy to clean up. Various resins, such as polyurethanes, acrylics, epoxies, nitrocellulosics, alkyds, and others, are incorporated, catering to end-uses spanning residential, commercial, and industrial applications.
The crack proof paint market research report is one of a series of new reports from The Business Research Company that provides crack proof paint market statistics, including the crack proof paint industry global market size, regional shares, competitors with crack proof paint market share, detailed crack proof paint market segments, market trends, and opportunities, and any further data you may need to thrive in the crack proof paint industry. This crack proof paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The crack proof paint market size has grown strongly in recent years. It will grow from $128.77 billion in 2024 to $140.38 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to climate variability, aging infrastructure, consumer awareness, globalization of trade, and a shift towards sustainable solutions.
The crack proof paint market size is expected to see strong growth in the next few years. It will grow to $195.85 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to infrastructure development, stringent regulations, increasing awareness of maintenance costs, rising demand for crack-proof paints in the marine industry, and growth in renovation projects. Major trends in the forecast period include advanced formulations, smart coatings integration, nano-engineered solutions, customization and color options, and integration of sustainable materials.
The growing demand from the construction industry is expected to drive the growth of the crack-proof paint market in the coming years. The construction industry involves the planning, design, development, and construction of buildings, infrastructure, and other physical structures. Crack-proof paint is commonly used in this industry to enhance the durability and lifespan of structures by protecting them from cracks caused by settling, temperature changes, and structural movement. This helps reduce maintenance costs and extends the longevity of buildings and infrastructure. For example, in October 2023, Beech Holdings, a UK-based real estate development company, reported that the number of bed accommodations under construction in the United Kingdom rose from 2,000 in 2022 to 4,999 in 2023. As a result, the increasing demand from the construction industry is fueling the growth of the crack-proof paint market.
Key players in the crack-proof paint market are focusing on developing innovative products, such as Do-It-Yourself (DIY) paints, to gain a competitive advantage. DIY paints represent a category of paints and coatings that offer consumers accessible solutions for addressing cracks and imperfections on various home surfaces. For instance, in April 2022, AkzoNobel India, a subsidiary of the Netherlands-based AkzoNobel, launched Dulux Simply Refresh, a range of DIY home paints tailored to provide easy-to-use solutions for home decor and minor maintenance tasks. It offers consumers a comprehensive solution for various home transformation needs, including decorative paints, repair solutions, and painting kits. Dulux features a convenient, ready-to-use crack filler with strong adhesion, no shrinking, and durable hardness, ideal for effectively repairing cracks. The products boast attributes such as high-performance crack filler with one-coat application, low drip and splatter technology, and a diverse range of colors.
In January 2023, JK Paints & Coatings Limited, an India-based paint manufacturing company, acquired a 60% stake in Acro Paints Ltd for an undisclosed amount. This strategic move marks JK Cement's foray into the paint business segment, leveraging Acro Paints' expertise in decorative paints and waterproofing products. Acro Paints Ltd specializes in decorative paints renowned for their resistance to drying or cracking in sunlight.
Major companies operating in the crack proof paint market are Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Ltd., Diamond Vogel Paints, Asian Paints Limited, Valspar Corporation, Kansai Paint Co. Ltd., Jotun Group, Tikkurila Oyj, Sto Corp., Berger Paints India Limited, Benjamin Moore & Co., Rust-Oleum Corporation, Dunn-Edwards Corporation, Beckers Group, Flugger group A/S, Kelly-Moore Paints, Tnemec Company Inc., Hempel A/S, DuluxGroup Limited, Chugoku Marine Paints Ltd.
Asia-Pacific was the largest region in the crack-proof paint market in 2024. The regions covered in the crack proof paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the crack proof paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The crack-proof paint market consists of sales of elastomeric paint, acrylic latex paint, silicone paint, ceramic paint, waterproofing paint, and latex-based coatings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Crack Proof Paint Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on crack proof paint market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for crack proof paint ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The crack proof paint market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.