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 USD 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) | USD 2.1 Billion |
| Faux Paints and Coatings Market Size (2032) | USD 4.2 Billion |
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 USD 14 Billion 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 USD 7.5 Billion in 2019.
The figures suggest that US AEC service exports reached USD 15.9 Billion, while imports totaled USD 8.3 Billion.
With more than USD 625 Million in exports, the market in Asia Pacific accounted for about 60% of USA architectural services, while Europe was the second biggest export market, accounting for 16% of USA exports, valued at more than USD 170 Million.
This demonstrates the significant development potential for faux finish coating producers not just in the United States, but across the world.
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 USD 454.8 Billion on infrastructure building, according to the study.
According to studies conducted by the United Kingdom Government, the construction industry in the UK has been steadily growing and is on course to capture a piece of the estimated EUR 200 Billion per year global market for integrated city systems by 2030. These factors indicate to a rise in demand for Faux Paints and Coatings.
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 USD 13 Billion 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 USD 5 Billion 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 USD 16.6 Billion.
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 USD 2 Billion over the forecast year.
Plasters segment is forecasted to grow at the highest CAGR of over 7% during 2022 to 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 | USD 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 | 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; Asian Paints Ltd. |
| Pricing | Available upon Request |
Table 01: Global Faux Paints and Coatings Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 02: Global Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 03: Global Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 04: North America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 05: North America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 06: North America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 07: Latin America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 08: Latin America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 09: Latin America Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 10: Europe Faux Paints and Coatings Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 11: Europe Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 12: Europe Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 13: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 15: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 16: MEA Faux Paints and Coatings Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: MEA Faux Paints and Coatings Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 18: MEA Faux Paints and Coatings Market Value (US$ Mn) Forecast by Application, 2017-2032
Figure 01: Global Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 02: Global Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 03: Global Faux Paints and Coatings Market Value (US$ Mn) by Region, 2022-2032
Figure 04: Global Faux Paints and Coatings Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 05: Global Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 06: Global Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 07: Global Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 08: Global Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 09: Global Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 10: Global Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 11: Global Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 12: Global Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 13: Global Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 14: Global Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 15: Global Faux Paints and Coatings Market Attractiveness by Region, 2022-2032
Figure 16: North America Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 17: North America Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 18: North America Faux Paints and Coatings Market Value (US$ Mn) by Country, 2022-2032
Figure 19: North America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 20: North America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 21: North America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 22: North America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 23: North America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 24: North America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 25: North America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 26: North America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 27: North America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 28: North America Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 29: North America Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 30: North America Faux Paints and Coatings Market Attractiveness by Country, 2022-2032
Figure 31: Latin America Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 32: Latin America Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 33: Latin America Faux Paints and Coatings Market Value (US$ Mn) by Country, 2022-2032
Figure 34: Latin America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 35: Latin America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 36: Latin America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 37: Latin America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 38: Latin America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 39: Latin America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 40: Latin America Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 41: Latin America Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 42: Latin America Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 43: Latin America Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 44: Latin America Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 45: Latin America Faux Paints and Coatings Market Attractiveness by Country, 2022-2032
Figure 46: Europe Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 47: Europe Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 48: Europe Faux Paints and Coatings Market Value (US$ Mn) by Country, 2022-2032
Figure 49: Europe Faux Paints and Coatings Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 50: Europe Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 51: Europe Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 52: Europe Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 53: Europe Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 54: Europe Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 55: Europe Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 56: Europe Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 57: Europe Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 58: Europe Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 59: Europe Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 60: Europe Faux Paints and Coatings Market Attractiveness by Country, 2022-2032
Figure 61: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 62: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 63: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) by Country, 2022-2032
Figure 64: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 65: Asia Pacific Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: Asia Pacific Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 68: Asia Pacific Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 69: Asia Pacific Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 70: Asia Pacific Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 71: Asia Pacific Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 72: Asia Pacific Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 73: Asia Pacific Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 74: Asia Pacific Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 75: Asia Pacific Faux Paints and Coatings Market Attractiveness by Country, 2022-2032
Figure 76: MEA Faux Paints and Coatings Market Value (US$ Mn) by Type, 2022-2032
Figure 77: MEA Faux Paints and Coatings Market Value (US$ Mn) by Application, 2022-2032
Figure 78: MEA Faux Paints and Coatings Market Value (US$ Mn) by Country, 2022-2032
Figure 79: MEA Faux Paints and Coatings Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 80: MEA Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 81: MEA Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 82: MEA Faux Paints and Coatings Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 83: MEA Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 84: MEA Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 85: MEA Faux Paints and Coatings Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 86: MEA Faux Paints and Coatings Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 87: MEA Faux Paints and Coatings Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 88: MEA Faux Paints and Coatings Market Attractiveness by Type, 2022-2032
Figure 89: MEA Faux Paints and Coatings Market Attractiveness by Application, 2022-2032
Figure 90: MEA Faux Paints and Coatings Market Attractiveness by Country, 2022-2032
The global Faux Paints and Coatings Market is worth more than USD 7.6 Billion at present.
Value of Faux Paints and Coatings Market are projected to increase at a CAGR of around 6.3% during 2022 to 2032.
Value of Faux Paints and Coatings Market increased at a CAGR of around 5.7% during 2017 to 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 to 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 to 2032.
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