Enjoy complimentary customisation on priority with our Enterprise License!
The drywall textures market size is estimated to grow by USD 199.5 million at a CAGR of 4.5% between 2023 and 2028. The residential construction sector has experienced significant growth in recent years, driven by increasing demand for new homes and renovations. One key offering in this industry is the use of drywall textures, which provide various benefits for homeowners. Drywall textures enhance the aesthetic appeal of walls and ceilings, masking imperfections and adding depth and dimension. They also improve the acoustic properties of spaces, reducing noise levels and increasing comfort. The home improvement industry has also seen a surge in growth, with consumers investing in home upgrades to boost property values and create personalized living spaces. Drywall textures are a popular choice for homeowners seeking to enhance the visual appeal and functionality of their homes within this thriving industry.
For More Highlights About this Report, Request Free Sample
The market is witnessing significant growth in the construction industry, particularly in residential and commercial projects. Plasterboard textures have become increasingly popular due to their versatility and ability to enhance the aesthetic appeal of interior spaces. The market is segmented based on application methods, including sprayed texture and manually applied texture. Fire-resistant and soundproof options are gaining traction due to stringent building codes and regulations, such as those set by the California Building Standards Commission and the International Building Code. Energy-efficient solutions, including those that comply with the Energy Star program, are also driving demand in the market. The geographic landscape of the Drywall Textures Market is influenced by factors such as rapid urbanization and rising disposable income. Publishers like Grand View Research, Marketsandmarkets, Future Market Insights, Future Business Insight, Mordor Intelligence, Data Bridge Research, and Transparency Market Research have reported positive growth in the market. Environmentally-friendly drywall textures are gaining popularity as construction equipment becomes more advanced and synthesis methods become more sustainable. The use of eco-friendly textures can help reduce the carbon footprint of construction projects and contribute to a greener future. Overall, the Drywall Textures Market is expected to continue its growth trajectory in the coming years. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing residential construction is notably driving market growth. The Drywall Textures Market is witnessing significant growth due to the increasing number of residential and commercial construction projects worldwide. According to the United Nations report, the global population is projected to reach 8.6 billion by 2030, 9.8 billion by 2050, and 11.2 billion by 2100. This population growth, coupled with rapid urbanization and rising disposable income, is driving the demand for new residential units. Drywall textures, also known as plasterboard textures, are becoming increasingly popular in modern residential designs. These textures offer fire-resistant and soundproof options, making them ideal for creating safe and comfortable living environments.
Additionally, energy-efficient solutions, such as those that comply with the Energy Star program, are gaining popularity due to their ability to provide optimal thermal performance or heating efficiency for building occupants. The application methods for drywall textures include sprayed textures and manually applied textures. Industry publications and participants, including influencers, resellers, and customers, are actively engaging on various platforms to discuss the latest trends and innovations in the Drywall Textures Market. The International Building Code and California Building Standards Commission set the standards for the application and use of drywall textures in construction projects. Thus, such factors are driving the growth of the market during the forecast period.
The rapid urbanization and rising disposable income is the key trend in the market. The Drywall Textures Market has experienced significant growth due to the increasing number of residential and commercial construction projects worldwide. The construction industry's expansion is driven by economic development in countries like India, Vietnam, Malaysia, China, and Qatar, where urbanization is rapid, and disposable income is on the rise. According to The World Bank Group, the per capita income in China was USD10,261.68 in 2019, and in India, it was USD 2,104.15 in the same year. This increase in purchasing power is anticipated to boost spending on infrastructure, including the use of plasterboard textures in homes and commercial buildings.
Further, the market caters to various application methods, including sprayed texture and manually applied texture. Construction projects may opt for fire-resistant and soundproof options to ensure safety and efficiency. Energy-efficient solutions, such as those compliant with the Energy Star program, are also gaining popularity due to their environmental benefits. The California Building Standards Commission and the International Building Code set the standards for construction practices, including the use of drywall textures. Industry publications serve as platforms for information dissemination to market participants, influencers, resellers, and customers. Equipment manufacturers and publishers play essential roles in the Synthesis and development of the Drywall Textures Market. Thus, such trends will shape the growth of the market during the forecast period.
Challenges associated with use of drywall textures is the major challenge that affects the growth of the market. The market encompasses various plasterboard texturing applications in both residential and commercial construction projects. These textures offer fire-resistant and soundproof options, making them essential for constructing buildings that adhere to the California Building Standards Commission and International Building Code. Application methods include sprayed textures and manually applied textures, each with its unique advantages. In the rapidly urbanizing geographic landscape, the home improvement sector is experiencing a surge, driven by rising disposable income and a growing preference for energy-efficient solutions. The Energy Star program encourages the use of environmentally friendly drywall textures, further fueling market growth. Industry publications serve as a platform for participants, influencers, resellers, and customers to stay updated on the latest trends, application techniques, and equipment in the market. A recent study by market research publishers reveals that the market is expected to grow significantly due to increasing demand for custom textures and innovative application methods.
However, applying drywall texture is not a simple task and requires professional expertise to ensure proper application. Challenges such as lumping of the mix and difficulty in removing textures without damaging the surface behind necessitate the involvement of skilled painters. Despite these challenges, the market continues to thrive, offering diverse solutions for construction projects worldwide. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers drywall textures such as textured wall films in satin and lustre.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The regular segment is estimated to witness significant growth during the forecast period. The Drywall Textures Market encompasses various plasterboard textures utilized in both residential and commercial construction projects. These textures add aesthetic value and functionality to construction, with options including fire-resistant and soundproof solutions. In the context of home improvement, energy-efficient solutions are increasingly popular, aligning with industry initiatives such as the Energy Star program.
Get a glance at the market share of various regions Download the PDF Sample
The regular segment accounted for USD 288.70 million in 2018. The California Building Standards Commission and International Building Code set the standards for application methods, which can be categorized as sprayed texture or manually applied. Publishers like industry publications serve as platforms for information dissemination, providing insights to participants, influencers, resellers, and customers in the market. Rapid urbanization and rising disposable income fuel the demand for environmentally-friendly drywall textures and related equipment. This study aims to synthesize key trends, influencers, and market size in the Drywall Textures Market within the given geographic landscape.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 33% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market encompasses various plasterboard textures utilized in both residential and commercial construction projects. These textures offer fire-resistant and soundproof options, making them essential for constructing safe and efficient buildings. In the context of residential construction, home improvement initiatives and the geographic landscape's rapid urbanization fuel the demand for energy-efficient solutions. The Drywall Textures Market participates in industry publications and adheres to standards set by regulatory bodies like the California Building Standards Commission and the International Building Code. Application methods include sprayed textures and manually applied ones. Environmentally-friendly drywall textures are gaining popularity due to their reduced carbon footprint. Equipment manufacturers, resellers, influencers, and customers form the market's ecosystem, fostering innovation and growth within this sector.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is witnessing significant growth in the construction industry, particularly in residential and commercial projects. Plasterboard textures add aesthetic value and functionality to walls, with various options including fire-resistant and soundproof solutions. In the residential sector, home improvement projects and new constructions are major drivers for the market. The geographic landscape, influenced by rapid urbanization and rising disposable income, is a significant factor. In commercial construction, energy-efficient solutions, such as those compliant with the Energy Star program, are gaining popularity. Application methods for drywall textures include sprayed textures and manually applied textures. The Publisher of this study, Synthesis, explores the market's participants, influencers, resellers, and customers. The Industry publications cover the latest news, trends, and insights on drywall textures. California Building Standards Commission and the International Building Code set regulations for fire safety and sound insulation, driving demand for fire-resistant and soundproof options. The market is expected to continue growing, with environmentally-friendly drywall textures and equipment becoming increasingly important. Stay updated with the latest trends and insights in the Drywall Textures market through our platform.
Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 199.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, Canada, Germany, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Asian Paints Ltd., AWCI, Compagnie de Saint Gobain, Gold Bond Building Products LLC, Graco Inc., Hamilton Drywall Products, Holcim Ltd., Interogo Foundation, Knauf Digital GmbH, Koch Industries Inc., LS Drywall Inc., Muddy Boys Inc., Murco Wall Products, PABCO Building Products LLC, PPG Industries Inc., RPM International Inc., Shikoku Chemicals Corp, and The Sherwin Williams Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.