The global faux finish coatings market size is expected to reach USD 3,864.39 million by 2032, according to a new study by Polaris Market Research. The report “Faux Finish Coatings Market Share, Size, Trends, Industry Analysis Report, By Coating Type (Plaster, Metallic, Wall Glazing, and Marbleizing); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising number of construction and restoration projects in commercial, residential, and industrial sectors and rapidly surging investments in infrastructure development, mainly in developed nations, along with the trend of modernization of interior spaces and change in consumer living standards, especially in urban regions, are prominent factors fostering the market growth. Developing coatings with improved characteristics and incorporating advanced technologies like nanotechnology, digital printing, and high-performance water-based coatings is enhancing the product demand globally.
For instance, in May 2023, Wildeck announced the launch of its new advanced powder coat paint system, offering various new paint textures and color options to its customers. The new powder coat paint system also includes a high-performance matte finish, providing greater resistance to nicks or mainly incurred on the job sites.
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The rising proliferation of technologies like augmented reality and virtual reality across the globe and their widespread utilization to simulate and visualize faux finish coatings before application and an increasing number of designers and homeowners who are seeking AR and VR tools to virtually explore different faux finishes on surfaces, enabling them to make informed decisions and visualize the final appearance of a space, is also likely to have a positive impact on market growth.
In addition, consumers globally are looking for unique and personalized faux finish coatings that reflect their individuality and style, thereby customizing coatings with a wide range of colors, textures, and patterns is gaining huge traction and popularity. Besides this, the market companies are focusing on market expansion and finding product applications in furniture, retail displays, industrial surfaces, and automotive interiors, pushing the market growth forward.
Faux Finish Coatings Market Report Highlights
Polaris Market Research has segmented the faux finish coatings market report based on coating type, technology, application, and region:
Faux Finish Coatings, Coating Type Outlook (Revenue - USD Million, 2019 - 2032)
Faux Finish Coatings, Technology Outlook (Revenue - USD Million, 2019 - 2032)
Faux Finish Coatings, Application Outlook (Revenue - USD Million, 2019 - 2032)
Faux Finish Coatings, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 2,185.09 million |
Revenue forecast in 2032 |
USD 3,864.39 million |
CAGR |
6.5% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Coating Type, By Technology, By Application, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |