Cement Paints Market: Global Industry Analysis and Forecast (2024-2030)

The Cement Paints Market size was valued at USD 13.41 Billion in 2023 and the total Cement Paints Market size is expected to grow at a CAGR of 6.5% from 2024 to 2030, reaching nearly USD 20.9 Billion by 2030.
Cement Paints Market Overview
Cement paint is a water-based paint that can be used for exterior or interior purposes, including plaster and concrete. It is mainly used to paint the exterior wall surface to prevent water ingress and reduce dirt accumulation. It is suitable for covering concrete and decorating interior and exterior walls.

The cement paints market is experiencing significant growth driven by the booming construction industry and urbanization trends. The increasing number of residential, commercial, and industrial projects worldwide has substantially boosted the demand for cement paints. Cement paints are increasingly popular in countries like the US and Germany, where green building practices and energy-efficient construction are highly valued.

Cement paints Market is segmented into types such as Acrylic Cement Paints, Waterproof Cement Paints, Synthetic Cement Paints, and Others. Acrylic Cement Paints dominate the market due to their excellent colour retention and environmental friendliness. Regionally, Asia Pacific leads the global cement paints market with the largest market share. The region’s climate, characterized by heat, humidity, and rain, is well-suited for cement paints, which can handle these conditions effectively. The competitive landscape of the cement paints market is highly fragmented, with major players such as Asian Paints, BASF Coatings, PPG Industries, Jotun Group, Berger Paints, Kansai Nerolac Paints Ltd., Sherwin-Williams, and Acro Paints leading the market. AkzoNobel N.V. stands out as a market leader due to its strategic acquisitions and global reach.

1. 42,800 shipments of cement paint were exported globally, managed by 6,897 exporters, and sent to 6,360 buyers. The leading exporter of cement paints is European Union with 8,437 shipments. Ukraine is the second largest exporter in the world, with 5556 shipments and Germany at the third place with 3755 shipments.

2. The largest importers of cement paints are Ukraine with 20393 shipments, followed by Russia with 5237 shipments. Moldova is in third place with 2849 shipments.

3. According to MMR’s Analysis In 2023, the global paint and coating industry was valued at approximately $196.53 billion. By 2030, it is expected to exceed $271.75 billion.

4. In 2023, the U.S. paint and coatings industry produced about 1.32 billion gallons. It is expected that production will increase to over 1.40 billion gallons in 2027.

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Cement Paints Market Dynamics
Urbanisation And Growth In the Construction Industry Boosts Demand For Cement Paints

The growth in the construction industry significantly boosts the demand for cement paints, driven by an increasing number of residential, commercial, and industrial projects. As urbanization increases, there is a consistently growing demand for building materials and paints due to the ongoing construction of new buildings and infrastructure projects. Cement paints are known for their durability, and weather resistance and are very affordable in construction because they offer a cost-effective solution to protect and enhance the look of different buildings. Their capacity to endure tough environmental conditions makes them appropriate for various sectors of the construction industry, leading to their extensive usage in both new builds and refurbishment projects. For instance, in India and China the construction sector’s demand for cement paints is increasing due to the expansion of urban areas and the development of new residential and commercial properties.

Additionally, construction industry emphasizes on long term durability and sustainability is increasing the demand for cement paints. Cement paints are preferred because of their long lifespan and minimal environmental impact in countries like the US and Germany, where green building techniques and energy-efficient construction are highly valued. These colors help reduce maintenance and repair time and are in line with the growing trend of sustainable manufacturing. As a result, the expansion of the construction sector in various global markets will increase the demand for cement paints and show their important role in new construction projects. Hence, the increasing demand for cement paints driven by urbanization and construction growth presents a significant opportunity for cement paints market expansion and innovation.

1. In 2023, the U.S. construction sector was valued at nearly $2 trillion and is expected to keep growing in the coming years. By 2027, the total value of construction projects in the U.S., including residential, commercial, and infrastructure projects, is forecast to exceed $2.2 trillion.

2. In 2023, China's construction market was valued at $4.5 trillion, while North America's construction sector was worth $2.3 trillion. By 2025, Asia is projected to represent nearly half of the world's total construction spending.



Market Potential of Cement Paints: Opportunities For Emerging Players

Cement paints present a promising opportunity in the market due to their superior protection, decorative qualities, and durability compared to traditional whitewash. These paints are widely used on various cemented surfaces, including bungalows, high-rise buildings, bridges, dams, public buildings, and homes. As the demand for durable and aesthetically pleasing coatings grows, cement paints are becoming increasingly popular. This is evident from the substantial interest from government sectors such as the Directorate General of Supplies and Disposals (DGS&D), State Public Works Departments (PWDs), Central Public Works Department (CPWD), Railways, Defence, and other state and national government enterprises. Additionally, contractors, architects, and engineers are also driving the demand for cement paints. This broad and growing interest highlights the strong market potential and bright future for cement paints.

Emerging companies in the cement paints market can take advantage of this opportunity by focusing on providing premium goods that satisfy the changing demands of the construction industry. By matching their products and services to the demands and specifications of the public and government sectors, they may take advantage of the significant demand from these initiatives. Additionally, new players can obtain access to profitable prospects in both new construction and rehabilitation projects by establishing good relationships with contractors, architects, and government agencies.
Cement Paints Market Segment Analysis
Based on Type, Cement Paints Market is segmented into Acrylic Cement paints, Waterproof Cement Paints, Synthetic Cement paints, and Others. Acrylic Cement paints held the largest market share about xx% in 2023. According to MMR’s analysis, the segment is further expected to grow at a CAGR of xx% during the forecasted period (2024-2030). This is due to their excellent color retention for both interior and exterior applications. Their ability to retain bright colors over time makes them ideal for floors, such as building and interior walls.
Acrylic cement paint combines acrylic polymers with the primary cement base to provide greater flexibility, adhesion, resilience and color retention. Acrylic cement paints are known for their low VOC (volatile organic compounds) and environmental friendliness. Acrylic cement paints are increasingly preferred by industries such as construction, automotive, and packaging. This structure meets special needs such as UV resistance, high durability, and increased adhesion. This special demand for acrylic paints for industrial applications led to increased research and development efforts.

In 2023, the global acrylic paints and coatings market was valued at approximately USD 69 billion and expected to grow reach USD 101.2 billion by 2030, at CAGR of 5.6%.


Cement Paints Market Regional Insight:
Asia Pacific dominated the Global Cement Paints Market with the largest market share of xx% in 2023. Rapid urbanization in Asian countries such as India and China driving the construction of new buildings, homes and infrastructure. The region’s large population drives a high demand for housing and other buildings, creating a big market for cement paints. The region’s climate, which includes heat, humidity, and rain, is ideal for cement paint, which can handle these conditions well. Its low cost also makes it a preferred option for budget-conscious consumers, which helps Asia Pacific maintain its leading position in the cement paints market.

Many companies aim for low VOC content when producing paints and coatings. Rising manufacturing activity and increasing demand from the construction industry in emerging countries such as China, India, Japan, and Southeast Asia are expected to drive cement paints market. Japan is a major market for the use of architectural paints since it leads the world in the construction of skyscrapers and other high-rise structures. There are about 290 high-rise structures in the nation, with Tokyo serving as their central hub.

Cement Paints Market Competitive Landscape

The cement Paints market is highly competitive and fragmented with global and regional players vying for market share. Asian Paints, BASF Coatings, PPG Industries, Jotun Group, Berger Paints, Kansai Nerolac Paints Ltd., Sherwin-Williams, and Acro Paints are some of the major key players in the cement paints market. These businesses are known for their wide range of products, well-established markets, and strong distribution systems. They provide cement paint materials for industrial, commercial, and residential applications. These companies are using various strategies such as product launches, acquisitions, contacts and agreements to gain a larger market share. AkzoNobel N.V. stands out as a market leader in the cement paints market due to its strong brand reputation, global reach, and strategic acquisitions like that of Grupo Orbis, which strengthens its position in Latin America.

1. In 2022, AkzoNobel N.V. acquired Colombia-based paints and coatings company Grupo Orbis. Grupo Orbis, which operates in 10 countries with a revenue of approximately €360 million, includes the Pintuco paint brand, Andercol and Poliquim (resins and adhesives), Mundial (paint distribution), and Centro de Servicios Mundial (shared services). The acquisition strengthens AkzoNobel’s long-term position in Latin America.

2. In February 2024, Aditya Birla Group entered the paint industry with the launch of Birla Opus. To expand its paint business, the company plans to set up six manufacturing plants across the country by 2025.
Cement Paints Market Scope:Inquire Before Buying



Global Cement Paints Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 13.41 Bn.


Forecast Period 2024 to 2030 CAGR:
6.5%
Market Size in 2030:
USD 20.9 Bn.


 Segments Covered:
by Type
Acrylic Cement Paints
Water Proof Cement Paints
Synthetic Cement Paints
Others (Regular, Elastomeric, Texture, Decorative, High build cement paints)


by Application
Interior
Exterior


by End User
Residential
Commercial
Industrial



Cement Paints Market,by Region:
North America (United States, Canada, Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East and Africa (South Africa, GACC, Egypt, Nigeria, and Rest of ME & A)
South America (Brazil, Argentina, Columbia, and Rest of South America)
Cement Paints Market, Key players
1. Asian Paints
2. BASF Coatings
3. PPG Industries
4. Jotun Group
5. Berger Paints
6. Nippon Paint
7. Dulux (AkzoNobel)
8. Kansai Nerolac Paints Ltd.
9. Sherwin-Williams
10. AkzoNobel
11. Acro Paints
12. Shawcor Ltd.
13. Sika AG

Frequently Asked Questions:
1] What is the growth rate of the Cement Paints Market?
Ans. The Cement Paints Market is expected to grow at a CAGR of 6.5% during the forecast period of 2024 to 2030.

2] Which region is expected to hold the highest share of the Cement Paints Market?
Ans. Asia Pacific is expected to hold the highest share of the Cement Paints Market.

3] What is the market size of the Cement Paints Market?
Ans. The Cement Paints Market size was valued at USD 13.41 Billion in 2023 reaching nearly USD 20.9 Billion in 2030.

4] What is the significant Opportunity for the Cement Paints Market?
Ans. Cement paints present a promising opportunity in the market due to their superior protection, decorative qualities, and durability compared to traditional whitewash.

5] What segments are covered in the Cement Paints Market report?
Ans. The segments covered in the Cement Paints Market report are based on Type, Application and End User.