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Faux Finish Coatings Market By Type (Metallics, Plasters, Wall Glazing, Marbleizing) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

Faux finishing or faux painting are decorative paint finishes which imitate the appearance of materials such as stone, marble and wood. Faux finish coating plays an important role in architecture industry, where they are used to embellish the interiors of buildings and furnitures. Faux finishes can be applied to various parts and surfaces, such as doors, handrails, columns, panels, and more.

Faux coatings is one of the latest trends and fastest growing market in decorative paints industry. As the market is gaining popularity, more techniques are available for this art. Companies are highly focusing on increasing market penetration through wide range of products offering in the faux finishing coating segment.

Globally, the faux coatings sector is gaining momentum, accounting for more than 10% share of the decorative coatings market. It has shown impressive growth, increasing from 5.2 billion in 2013, and set to cross the 10 billion mark in 2024 at a CAGR of 6.5% from 2016 to 2024. Faux coatings growth has been driven by new construction, particularly in emerging markets where commercial developments and housing ownership are showing strong growth. Faux coatings are also performing well in a various developed markets where the housing market, particularly new builds, are strong, notably in the U.S., U.K. and Spain. Furthermore, in the decorative coatings industry, consumers are interested in innovative products but are unwilling to sacrifice efficacy. Consumer loyalty towards the use of faux coatings is higher when compared to traditional coatings. New and innovative formulation and greater efficacy is helping the manufacturers to gain customer loyalty.

Faux coatings are available in various type such as metallic, plasters, wall glazing, marbleizing and others (wood grain, tuscan finish, etc.). Among these types, plasters and metallics accounted for major share of global faux finish coating market owing to their low price and availbility of new and innovative finishes.

For the purpose of this study, the global faux finish coating market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2015, Asia Pacific was observed as the largest market for faux finish coating. The major factors driving the growth in Asia Pacific include the rapid industrialization, rise in disposable income, rapid development of domestic and trade infrastructure in countries such as India and China.

Faux Finish Coatings Market

The report titled “Global Faux Finish Coating Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the global faux finish coating market along with the market size and estimates for the duration 2013 to 2024. The said research study covers in-depth analysis of multiple market segments based on type, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading faux finish coatings manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are Adicolor, Inc., Anvil Paints & Coatings, Inc., Crescent Bronze, Inc, DecoArt, Inc, The Valspar Corporation, and Roman Decorating Products, LLC among others. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the faux finish coating industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global faux finish coatings market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

On the basis of geography, the global faux coatings market is segmented as per following regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

The global faux finish coatings market is categorized into regional markets viz., North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In 2015, Asia Pacific was observed as the largest market for faux finish coatings. In 2015, in terms of revenue, global market for Asia Pacific was US$ 1,890.0 Mn and is projected to reach more than US$ 3,000 Mn in 2024 projected to grow at a CAGR of 6.8% from 2016 to 2024. In 2015, Europe and North America together accounted for more than 60% share of the market.

Faux Finish Coatings Market

Japan, South Korea, China, Indonesia, India and Australia are the most attractive market for faux coatings with high growth potential. Much of the growth in Asia can be attributed directly to the massive Chinese market, which accounted for more than 25% of total regional demand by value in 2013. India and Indonesia are also projected to grow at a significant rate over the next six years. In addition, growing demand for high-performance products, increasing private and government investments in infrastructure projects, rising consumer spending are fuelling the demand for faux finish coating market especially in Asia Pacific.

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Published Date:  Mar 2017
Category:  Chemicals
Report ID:   58382
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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