Authored By: Sarah
20 Aug 2024

Drywall Textures Market Size to grow by USD 199.5 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Drywall Textures Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

  • Market Research Overview: The global construction materials market encompasses a vast array of products and providers, including those specializing in sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. This market segment is a significant component of the larger construction materials industry, which generates revenue through the manufacturing and distribution of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. Fueling the growth of this sector is the burgeoning building and construction industry, which has experienced robust expansion in recent years and is projected to continue this trend, thereby driving demand for construction materials. - The Drywall Textures Market is experiencing significant growth, fueled by the Growing residential construction. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

  • Major Findings:
    • Growing residential construction
    • Benefits of drywall textures
    • Challenges associated with use of drywall textures
    • Low adoption in developing economies
  • Growth Projections

The market size is estimated to grow by USD 199.5 million, at a CAGR of 4.5% during the forecast period. The economic growth and urbanization in key markets such as India, Vietnam, Malaysia, China, and Qatar have significantly increased consumer disposable income. According to The World Bank Group, China's per capita income rose from USD9,976.68 in 2018 to USD10,261.68 in 2019, while India's per capita income increased from USD2,005.86 to USD2,104.15 within the same period. This upward trend in income levels is anticipated to boost consumer spending on residential and non-residential infrastructure projects, thereby driving the global construction industry's growth during the forecast period. This economic development, in turn, is expected to positively impact the demand for drywall textures in these markets as they are commonly used in modern construction projects.

For insights on company offerings- Request a sample report!

  • Regional Insights

The Drywall Textures Market represents a significant business opportunity for industry participants. This market is driven by factors such as increasing construction activities, growing demand for aesthetically pleasing interior designs, and the availability of various textures to suit diverse architectural styles. Key players in this market focus on innovation, product development, and strategic collaborations to gain a competitive edge. The market is expected to grow steadily, offering substantial revenue potential for businesses engaged in its production and distribution.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.

Document