WILMINGTON, DE / ACCESSWIRE / june 9, 2023 / Transparency Market Research Inc. - The Global Faux Finish Coatings Market was valued at US$ 2.1 Bn in 2022 and is estimated to reach US$ 3.6 Bn by 2031, expanding at a CAGR of 6.3% between 2023 and 2031.
A rise in demand for aesthetically pleasing interiors, expansion of the construction industry, and greater environmental consciousness are anticipated to fuel the faux finish coatings market. Faux coating usage is expected to increase in the next few years due to rise in demand for affordable substitutes for premium materials including metal, leather, stone, and marble.
Companies are taking advantage of growth potential by diversifying their product offerings, investing in R&D initiatives, and improving production skills. They are also concentrating on distribution and marketing plans to reach a larger clientele. Manufacturers are providing excellent faux finish coatings and satisfying the changing wants of consumers.
Faux finish coatings allow creative flexibility and are an affordable substitute for pricey materials. Methods including glazing, stippling, dragging, and ragging are utilized to create the required effects. Application of several layers and additional procedures, such as sanding or distressing, are used to increase realism. Surfaces may be aesthetically changed using faux finish coatings. As a result, they are widely used in ornamental arts, furniture, and also interior design. These coatings offer a means of giving many different elements in a place a sense of depth and aesthetic appeal.
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Key Findings of Market Report
- Based on finish type, the marbleizing segment is likely to account for significant share of the global market in the near future. The exquisite and opulent appearance of genuine marble can be created at a reasonable price using marbleizing. It has applications in a number of fields, including architecture, furniture production, as well as interior design. Growing need for high-end design in residential and commercial settings is driving the demand for imitation marble. Additionally, personalization and durability of counterfeit marble coatings are added advantages. Greater design versatility is provided by the fact that they can be produced in various patterns and colors. In comparison to natural marble, they are also more resistant to stains, scratching, and fading. They are therefore appropriate for locations with heavy traffic.
Global Faux Finish Coatings Market: Regional Landscape
- Asia Pacific is expected to lead the global market from 2023 to 2031. The faux finish coatings industry in the region is fueled by rise in construction activity and emergence of large-scale commercial structures in metro areas of countries such as India and China.
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Global Faux Finish Coatings Market: Growth Drivers
- The market for faux finish coatings market is expanding due to rise in demand for aesthetically pleasing interiors. Decorative components that improve the aesthetics of living areas are becoming more popular worldwide. When opposed to using natural materials, faux finish coatings offer an efficient way to achieve desired aesthetic effects at a reduced cost. Increase in construction activities across the world is a major factor bolstering the faux finish coatings industry growth. Global demand for decorative and interior design products is also rising sharply. Hence, faux coatings are becoming increasingly essential in both residential and commercial construction projects.
- Faux finish coatings emit less greenhouse gases since these require less energy to manufacture. Recycled materials can be used for making false brick coatings that need less energy than traditional brick. Producers of faux finish coatings employ environmentally-friendly products such as low-VOC or water-based paints. This may lessen their influence on the environment even further, thereby driving market demand
Global Faux Finish Coatings Market: Key Players
- Faux Effects International, Inc.
- Old Western Paint Co, Inc.
- Nippon Paint (India) Private Ltd.
- Benjamin Moore & Co.
- DuROCK Alfacing International Limited
- Asian Paints Ltd.
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Global Faux Finish Coatings Market: Segmentation
Finish Type
- Metallic
- Plaster Wall Glazing
- Marbleizing Fabric
- Leather Wood Grain
- Multicolor Paint
- Others
Technology
- Water-based Powder-based
- Acrylic-based
- Others
Category
- New Construction
- Renovation
Application
- Wall & Ceiling
- Furniture
- Others
End-use
- Residential
- Commercial
- Industrial
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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