[250 Pages Report] Newly released Faux Paints and Coatings Market analysis report by Future Market Insights shows that global sales of Faux Paints and Coatings Market in 2021 was held at US$ 7.2 Billion. With 6.3%, the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth. With 7% projected CAGR during 2022 to 2032, revenue through plasters is expected to grow at the highest pace.
| Attributes | Details |
|---|---|
| Faux Paints and Coatings Market CAGR (2022 to 2032) | 6.3% |
| Faux Paints and Coatings Market Size (2022) | US$ 2.1 Billion |
| Faux Paints and Coatings Market Size (2032) | US$ 4.2 Billion |
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Faux Paints and Coatings have gained popularity as the frequency of rehabilitation projects has increased, both for adding aesthetic value and for reinforcing existing infrastructures.
Faux finish coating producers have witnessed a surge in revenue in the recent years due to growth in demand for different interior décor applications such as walls, doors, panels, handrails, among others. Owing to this, demand for Faux Paints and Coatings is expected to rise at a CAGR of more than 6% from 2022 to 2032, taking the projected revenue to nearly US$ 14 Bn by 2032.
With the surge in construction industry, the demand for Faux Paints and Coatings is on surge. According to the International Trade Administration, the United States has had a trade surplus in Architecture, Engineering, and Construction (AEC) services since 2010, with a total value of US$ 7.5 Bn in 2019. The figures suggest that US AEC service exports reached $15.9 Bn, while imports totaled $8.3 Bn.
With more than US$ 625 Mn in exports, the market in Asia Pacific accounted for about 60% of U.S. architectural services, while Europe was the second biggest export market, accounting for 16% of U.S. exports, valued at more than US$ 170 Mn. This demonstrates the significant development potential for faux finish coating producers not just in the United States, but across the world.
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Over the past decade, demand for Faux Paints and Coatings has been growing steadily in the industrial, commercial, and residential sectors. While demand for coatings that imitate the look of materials such as metal, marble, or stone continues, growth in consumer demand is forecast for future years, providing ample opportunities for industry leaders.
The rehabilitation of ageing residential spaces, as well as the rising desire to enhance the look of commercial spaces, are both having an influence on the sales of Faux Paints and Coatings.
The increased number of building, construction, and restoration projects in the residential, industrial, commercial, and other sectors is pushing up worldwide demand for Faux Paints and Coatings.
According to Invest India, India's National Investment Promotion and Facilitation Agency, the country will have the third-largest construction industry by 2025. From 2015 to 2020, the Indian government spent around US$ 454.8 Bn on infrastructure building, according to the study.
According to studies conducted by the United Kingdom Government, the construction industry in the U.K. has been steadily growing and is on course to capture a piece of the estimated EUR 200 Bn per year global market for integrated city systems by 2030. These factors indicate to a rise in demand for Faux Paints and Coatings.
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From 2022 to 2032, North America is expected to account for the lion's share of the global Faux Paints and Coatings market in terms of revenue. The need for Faux Paints and Coatings in the North American construction industry is rapidly increasing owing to growing consumer and commercial expenditure on construction.
Finishing using Faux Paints and Coatings is quick and easy. It also lowers labor costs and efforts while increasing aesthetics. These factors are boosting the Faux Paints and Coatings market in North America.
The United States is expected to lead the Faux Paints and Coatings market with a CAGR of more than 6% between 2022 and 2032. The country's sophisticated commercial and residential construction sector, as well as a surge in demand from the architectural sector, have been fuelling the country's increasing faux finish coating revenue.
Google announced in February 2019 that it would invest US$ 13 Bn in offices and data centres across the United States, in states other than its traditional home of California, including Nebraska, Nevada, Ohio, Texas, Oklahoma, South Carolina, and Virginia. Large projects such as these are likely to expand the market in the country.
Germany is projected to be a lucrative market for Faux Paints and Coatings in the forthcoming years owing to the continued growth of the building and construction industry, as well as a rising preference for interior design and furnishings.
According to a report published by European Commission in June 2018, entitled "European Construction Sector Observatory", around 650,813 enterprises were operational in the broad construction sector in Germany in 2014. Majority of them were micro, small, and medium-sized enterprises. Between 2010 and 2016, construction production increased at an annual rate of 10.4 % per year in Germany.
This information demonstrates why imitation finish coating manufacturers are concentrating their efforts in Germany in order to grow their sales footprint. According to projections, the German market will have a revenue share of more than 45 %.
The fast growth of the construction sector and availability of raw materials and personnel, are driving demand for Faux Paints and Coatings in India. The market in India is predicted to expand at a CAGR of more than 6.7%. According to Invest India, India's construction industry is rapidly increasing, and the real estate sector is predicted to attract $5 Bn in institutional investment by 2022.
According to the study, the construction sector in India contributed 9% of the country's GDP in 2018, with new investments in road infrastructure totaling US$ 16.6 Bn.
Due to a sophisticated construction industry and an expansion in the number of highly developed industrial centres, China has stayed in the limelight for manufacturers of Faux Paints and Coatings.
According to the National Bureau of Statistics (NBS), the construction industry in China is progressively growing at an average annual rate of 16.6%, with the number of construction businesses quickly expanding, reaching more than 300,000.
As a consequence, in recent years, China has gained the attention of suppliers of faux finish coating. As a consequence, China is expected to outperform a market value of US$ 2 Bn over the forecast year.
Plasters segment is forecasted to grow at the highest CAGR of over 7% during 2022-2032. Wall glazing fake finish coatings are currently leading the market and are predicted to fuel manufacturer expansion due to their high demand. This category is expected to account for about 2/5th of the worldwide demand.
Owing to its unique qualities, such as boosting thermal efficiency and improving the overall look of walls, this kind is highly sought in industrial, commercial, and even residential sectors. Furthermore, it lets natural light to permeate deeper into the structure.
Some of the key players operating in Faux Paints and Coatings market include The Sherwin-Williams Co., Nippon Paint Holdings Co., Axalta Coating Systems, Kansai Paint Co. Ltd., Faux Effects International, Jotun, PPG, AkzoNobel, RPM International Inc., BASF Coatings, and Asian Paints Ltd.
Similarly, recent developments related to companies Faux Paints and Coatings services have been tracked by the team at Future Market Insights, which are available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Billion for Value |
| Key Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel. |
| Key Market Segments Covered | Type, Application, Region |
| Key Companies Profiled |
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| Pricing | Available upon Request |
The global Faux Paints and Coatings Market is worth more than US$ 7.6 Bn at present.
Value of Faux Paints and Coatings Market are projected to increase at a CAGR of around 6.3% during 2022 – 2032.
Value of Faux Paints and Coatings Market increased at a CAGR of around 5.7% during 2017 – 2021.
Rise in demand for advanced coating materials and increase in adoption of Faux Paints and Coatings in construction applications, led by their decorative paint finishes and ability to provide easy, and smooth finishing, are major factors projected to drive the global Faux Paints and Coatings market during the forecast period
The market for Faux Paints and Coatings Market in China is projected to expand at a CAGR of around 8.1% during 2022 – 2032.
While the market in South Korea is expected to grow at nearly 8.2%, the market in Japan is projected to register a CAGR of nearly 6.7% during 2022 - 2032.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 4. Global Faux Paints and Coatings Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Type, 2022-2032 5.3.1. Plasters 5.3.2. Metallics 5.3.3. Wall Glazing 5.3.4. Marbleizing 5.3.5. Other Types 5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Type, 2022-2032 6. Global Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032 6.3.1. Building & Construction 6.3.2. Furniture 6.3.3. Other Applications 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 7. Global Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Application 9.4. Key Takeaways 10. Europe Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. U.K. 10.2.1.5. Spain 10.2.1.6. Russia 10.2.1.7. BENELUX 10.2.1.8. Rest of Europe 10.2.2. By Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. India 11.2.1.5. Rest of Asia Pacific 11.2.2. By Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Application 11.4. Key Takeaways 12. MEA Faux Paints and Coatings Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC 12.2.1.2. Rest of MEA 12.2.2. By Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Faux Paints and Coatings Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Type 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Type 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Type 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Type 13.4.2.2. By Application 13.5. Argentina 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Type 13.5.2.2. By Application 13.6. Germany 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Type 13.6.2.2. By Application 13.7. Italy 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Type 13.7.2.2. By Application 13.8. France 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Type 13.8.2.2. By Application 13.9. U.K. 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Type 13.9.2.2. By Application 13.10. Spain 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Type 13.10.2.2. By Application 13.11. Russia 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Type 13.11.2.2. By Application 13.12. BENELUX 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Type 13.12.2.2. By Application 13.13. China 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Type 13.13.2.2. By Application 13.14. Japan 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Type 13.14.2.2. By Application 13.15. South Korea 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Type 13.15.2.2. By Application 13.16. India 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Type 13.16.2.2. By Application 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Type 13.17.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Type 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. The Sherwin-Williams Co. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segment 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.2. Nippon Paint Holdings Co. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segment 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.3. Axalta Coating Systems 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segment 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.4. Kansai Paint Co. Ltd. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segment 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.5. Faux Effects International 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segment 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.6. Jotun 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segment 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.7. PPG 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segment 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.8. AkzoNobel 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segment 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.9. RPM International, Inc. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segment 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.10. BASF Coatings 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segment 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.11. Asian Paints Ltd. 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segment 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Faux Paints And Coatings Market
