Distemper is a kind of decorative paint that is primarily used in the building & construction sector. Chalk, lime, and water are the basic constituents of distemper. Distemper paint is also known as cement paint as it can be applied directly on cement walls without any other coating. Distemper is regarded as the early form of whitewash, also used for artistic painting, usually made from powdered chalk or lime. The binder used in distemper may be glues of vegetable or animal origin.
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Distemper is better than whitewash but inferior to oil paints and emulsion paints. It gives elegant, smooth, attractive, and slightly uneven look. Soft distemper is not abrasion resistant and may include binders such as chalk, ground pigments, and animal glue. Hard distemper is stronger and wear-resistant and can include casein or linseed oil as binders. It has a distinctive smell, and does not dry or crack in sunlight. Distemper is available in the wide variety of colors, which give the walls matte finish. Distemper is less expensive than other alternatives. This is the primary factor driving the distemper market. High durability (three years to five years) is another factor boosting the distemper market.
Outlook of Paint Industry:
According to Indian paints industry the market is expected to grow at a CAGR of around 12% during 2018-2019 to 2021-2022 in value terms. In the yesteryears, paints market share witnessed an unprecedented growth following the industrial revolution and urbanization, and was considered as a prominent element of global economy. According to a report by The International Financial Corporation (IFC), a member of the World Bank Group, nearly 75% of the architecture that will exist in 2050 is yet to be built and the annual obligatory investment to meet the objective is estimated to be around $3.3 trillion. This predominant situation is gravitating the architectural coatings segment of the decorative paints market towards exponential growth with a CAGR of around 5.6% going through 2025.
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As per an acute analysis of the global decorative paints regional aspects, APAC region is estimated in this report to lead the regional outlook segment owing to rapidly growing disposable income of the middle class families, adoption of westernized culture and mandatory rapid construction housing enormous population especially in major economies like India and China. According to the analyst, APAC region relishes a major 44% share under its own territory of the global decorative paints market demand. With India and China hosting nearly 35% of the global population, such dominance is inevitable due to the robust commercial and residential sector construction.
Distemper Market in Forecasted Period:
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The market players are now coming up with products like friendly, odor free, and dust & water-resistant paints. This is anticipated to fuel the market until 2025. However, along with growth factors, the paint market in India also faces challenges such as seasonal demand and competition from unorganized players. Also, the prices of paints are very much dependent on raw materials and any fluctuations in the price of raw materials might hamper the profit margins of the organized players in the market.
The decorative market is mainly divided into emulsion & enamel paints, distemper, primer and thinner and ancillary products. Decorative paint accounted for over two-third share of the market in 2019 as the demand for decorative paints largely depends on the housing sector and monsoon season, while industrial paint demand is linked to end-user industries like automotive, engineering and consumer durables.
Conclusion:
Niir project consultancy services (NPCS) provides the latest information on the present and the future industry trends of any business industry. The project report on “Distemper” allow the readers to identify the products and services, hence driving the revenue growth and profitability. The project report also shares details of production value with some important factors, upstream raw materials, and downstream demand that can lead to market growth.
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