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Cement Paints Market Size
The global cement paints market was valued at USD 1.8 billion in 2023 and is estimated to grow at a CAGR of over 3.4% from 2024 to 2032.
The cement paints industry is significantly influenced by the growing construction and renovation activities across various regions. As urbanization accelerates and populations expand, the demand for new residential and commercial buildings continues to rise. This trend is particularly pronounced in emerging economies, where infrastructure development is a priority. Additionally, the increasing focus on home improvement projects drives the renovation sector, further boosting the need for durable and aesthetically appealing finishes.
Cement paints offer unique advantages, such as excellent weather resistance and durability, making them ideal for both interior and exterior applications. Their ability to withstand harsh environmental conditions, including moisture and UV exposure, makes them a preferred choice for builders and homeowners alike. Furthermore, the rise in green building practices promotes the use of eco-friendly cement paints, contributing to their growing popularity.
What is the market share of the residential segment in the cement paints industry?
The cement paints market from residential segment held a dominant market share of 50.1% in 2023, driven by continuous growth in home construction and renovation activities.
How big is the global cement paints market?
The global market size for cement paints was valued at USD 1.8 billion in 2023 and is expected to reach USD 2.4 billion by 2032, driven by a CAGR of over 3.4% from 2024 to 2032.
Who are the major players in the cement paints business?
Major players in the industry include Africa Paints, Asian Paints, Berger Paints, Birla White, Farrow & Ball, Johnson Paints, Kansai Nerolac Paints, Kreidezeit, Nippon Paint, and Tata Pigments.
How much is the U.S. cement paints industry worth?
The U.S. market was valued at USD 263.8 million in 2023, driven by ongoing construction and renovation activities across both residential and commercial sectors.