The Cement Paints Market Size is valued at USD 1.84 billion in 2023 and is predicted to reach USD 2.17 billion by the year 2031 at a 2.11% CAGR during the forecast period for 2024-2031.
Cement paint is used on stonework and building materials, as well as other architectural and inside surfaces. The primary purposes of painting outdoor wall surfaces are to stop flooding and minimize the accumulation of contaminants. It works effectively for both inside and outside wall decoration and pavement protection. The need for cement paints is rising as the building sector places more emphasis on ecology and longevity. Because of their extended duration and low ecological impact, cement paints are the favoured option. These hues support the expanding green manufacturing movement and help shorten upkeep and repair costs. As a consequence, as the building industry grows throughout the world, there will be a greater need for cement paints, which will become increasingly evident in developments involving new construction. Therefore, there is a huge potential for the cement paints industry to expand and innovate due to the rising need for cement paints brought on by industrialization and the development of the building industry.
However, market growth is hampered by the strict rules and regulations. Its manufacture brings about numerous negative effects on the surroundings and public health. Particles of pollution in the air may inflame the muscles in the throat and nostrils, making inhalation uncomfortable. Besides, there is a lot of pollution involved in the making of this product. As a result of these considerations, governments have implemented a variety of environmental rules in the manufacturing process. It follows that this is expected to limit the expansion of the cement pain market. Limits imposed by governments that restricted the flow of individuals and products contributed to the COVID-19 pandemic's detrimental effects on the industry.
Competitive Landscape
Some Major Key Players In The Cement Paints Market:
- Tata Pigments
- Asian Paints
- Birla White (Ultratech Cement Ltd.)
- Berger Paints
- Kansai Nerolac Paints
- Nippon Paint Bangladesh
- Kreidezeit
- Johnson Paints
- Africa Paints
- Farrow & Ball Ltd
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Acro Paints Limited (India)
- Sika AG
- Jotun
- Other Market Players
Market Segmentation:
The cement paints market is segmented based on type, technology, application and end-use. The type segment comprises oil-based and dry. By technology, the market is segmented into acrylic, synthetic, and others. The application segment is further segmented into interior and exterior. As per the end-use, the market is categorised into residential, commercial, and industrial.
Based On The Application, The Interior Cement Paints Market Segment Is Accounted As A Major Contributor To The Cement Paints Market
The interior cement paints market will hold a major global market share in 2023. Interiors usually experience better temperatures and humidity. Cement paints' long-term reliability is adequate for interior applications because interior surfaces do not experience identical levels of radiation from light, weather conditions, and fluctuating temperatures.
Acrylic Segment To Witness Growth At A Rapid Rate
The acrylic industry accounts for the bulk of cement paint usage because it provides outstanding colour durability for services both outside and inside. They are perfect for surfaces, such as construction and wall surfaces, because they hold vibrant hues. More adaptability, bonding, robustness, and vivid colours are achieved by combining acrylic resins with the main cement basis in acrylic cement paint. The manufacturing, automobile, and building sectors are among those that are increasingly using acrylic cement paints. Development and research efforts have grown as a result of the unique popularity of acrylic paints for use in manufacturing, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The Asia Pacific Cement Paints Market Holds A Significant Revenue Share.
The North American cement paints market is expected to note the highest market share in revenue in the near future. This can be attributed to the rising manufacturing Administration initiatives, including residential developments, the construction of healthcare and educational facilities, and the creation and upkeep of transportation systems, which are additional important elements that will propel this market's expansion. In addition, Asia Pacific is estimated to grow rapidly in the global cement paints market because of the area's substantial population; there is a significant need for homes and other structures, which expands the cement paint industry. The atmosphere of the area is perfect for cement paint because it can withstand temperatures, moisture, and precipitation. Because of its affordability, it is also a favoured choice for individuals on a tight budget, aiding Asia Pacific in holding the top spot in the cement paints industry.
Recent Developments:
- In March 2023, Nippon Paint (India) (decorative division) has entered the construction chemicals sector. In accordance with its global mission, it broadened its offering beyond the paint and coatings product range. The brand was prepared to provide products and solutions within the categories of dry mix, repair and maintenance, building chemicals, and waterproofing.
Cement Paints Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.84 Bn |
|
Revenue Forecast In 2031 |
USD 2.17 Bn |
|
Growth Rate CAGR |
CAGR of 2.11% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Technology, Application and End-use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Tata Pigments, Asian Paints, Birla White (Ultratech Cement Ltd.), Berger Paints, Kansai Nerolac Paints, Nippon Paint Bangladesh, Kreidezeit, Johnson Paints, Africa Paints, and Farrow & Ball Ltd and other market players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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