How Has the Crack Proof Paint Market Evolved Historically and What is its Current Size?
The crack proof paint market has seen considerable growth due to a variety of factors.
• The crack proof paint market has grown significantly in recent years. It will increase from $128.77 billion in 2024 to $140.38 billion in 2025, at a compound annual growth rate (CAGR) of 9.0%.
The growth is driven by climate variability, aging infrastructure, consumer awareness, globalization of trade, and a shift towards sustainable solutions.
What Does Future Hold for The Crack Proof Paint Market By 2029?
The crack proof paint market is expected to maintain its strong growth trajectory in upcoming years.
• The crack-proof paint market is expected to grow to $195.85 billion by 2029, with a CAGR of 8.7%.
Growth is driven by infrastructure development, stringent regulations, maintenance cost awareness, increasing demand in the marine industry, and growing renovation projects. Key trends include advanced formulations, smart coatings, nano-engineered solutions, customization options, and sustainable material integration.
What Are The Primary Growth Drivers In The Crack Proof Paint Market?
The demand from the construction industry is anticipated to drive the growth of the crack-proof paint market. The construction industry, involving the planning and building of structures and infrastructure, increasingly utilizes crack-proof paint to improve the durability of buildings and prevent cracks caused by settling or temperature shifts. Such paints help reduce maintenance costs and extend the lifespan of buildings and infrastructure. For example, in June 2023, the Northern Ireland Statistics and Research Agency reported that the construction industry in Northern Ireland grew by 6.5% from 2022 to 2023, with the housing sector expanding by 11.1%. Thus, the rising demand for construction projects propels the crack-proof paint market.
What Is The Segmentation Of The Global Crack Proof Paint Market?
The crack proof paint market covered in this report is segmented –
1) By Type: Water-Based, Solvent-Based
2) By Resin: Polyurethanes, Acrylic, Epoxy, Nitrocellulosic, Alkyd, Other Resins
3) By End-Use : Residential, Commercial, Industrial
Subsegments:
1) By Water-Based: Acrylic-Based Crack Proof Paint, Latex-Based Crack Proof Paint, Elastomeric Water-Based Crack Proof Paint, Hybrid Water-Based Paint
2) By Solvent-Based: Alkyd-Based Crack Proof Paint, Epoxy-Based Crack Proof Paint, Polyurethane-Based Crack Proof Paint, Silicone-Based Crack Proof Paint
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What New Trends Are Influencing The Crack Proof Paint Market?
Companies in the crack-proof paint market are innovating with DIY paints to offer accessible solutions for home repairs. In April 2022, AkzoNobel India launched Dulux Simply Refresh, a DIY home paint range that helps consumers address cracks and surface imperfections. The paint features a ready-to-use crack filler with high adhesion, durability, and a wide color range.
Who Are the Key Players In The Crack Proof Paint Market?
Major companies operating in the crack proof paint market are:
• Sherwin-Williams Company
• PPG Industries Inc.
• Akzo Nobel N.V.
• Nippon Paint Holdings Co. Ltd.
• Masco Corporation
• RPM International Inc.
• Axalta Coating Systems Ltd.
• Diamond Vogel Paints
• Asian Paints Limited
• Valspar Corporation
• Kansai Paint Co. Ltd.
• Jotun Group
• Tikkurila Oyj
• Sto Corp.
• Berger Paints India Limited
• Benjamin Moore & Co.
• Rust-Oleum Corporation
• Dunn-Edwards Corporation
• Beckers Group
• Flügger group A/S
• Kelly-Moore Paints
• Tnemec Company Inc.
• Hempel A/S
• DuluxGroup Limited
• Chugoku Marine Paints Ltd.
What Are The Regional Insights Into The Crack Proof Paint Market?
Asia-Pacific was the largest region in the crack-proof paint market in 2023. The regions covered in the crack proof paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
