Building Finishing Market Report 2025-2031

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Building Finishing Market

• The annual demand for building finishing was USD 13.9 billion in 2024 and is expected to reach USD 14.2 billion in 2025, up 5.0% than the value in 2024.
• During the forecast period (2025 to 2031), the building finishing market is expected to grow at a CAGR of 2.5%. The annual demand will reach of USD 18.1 billion in 2031.
• During 2025-2031, the building finishing industry is expected to generate a cumulative sales opportunity of USD 113.56 billion.
   

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High-Growth Market Segments:

•  Europe is expected to maintain its reign over the forecast period, whereas Asia-Pacific is likely to grow at the fastest rate. 
• By Product type, Building Mortars are estimated to contribute the largest share of the market.
• By Application type, Façade Mortars and Protection is expected to remain the leading application segment for building finishing throughout the forecast period.
• By chemical type, Acrylic is expected to be the dominant chemical type in the building finishing market.

Market Statistics

Have a look at the sales opportunities presented by the building finishing market in terms of growth and market forecast.

Market Dynamics

Introduction:

What are building finishing?

Building finishing refers to the final set of construction activities carried out to complete a building and make it functional, safe, and aesthetically appealing. These works are performed after the structural framework is done and include both interior and exterior treatments that give the building its final look and usability.

Finishing works typically include plastering, painting, flooring, tiling, cladding, roofing, ceilings, doors, windows, insulation, plumbing, electrical fittings, and installation of fixtures. They play a crucial role in improving the durability of the structure, ensuring comfort for occupants, and enhancing the architectural design. In short, building finishing transforms a raw structure into a livable, operational, and visually attractive space.

Market Drivers:

• Major factors such as the growing construction industry, increasing spending on infrastructural development, and increasing investment to upgrade and maintain aging buildings and infrastructure are expected to fuel the demand for the building finishing market.
•  In addition to that, the rise in global population drives the demand for residential and commercial construction and infrastructure development, rapid urbanization and industrialization, and the rise in disposable income are likely to act as catalysts towards the growth of the market during the forecast period.

Segment Analysis

By Application Type

“Façade mortars and protection are expected to remain the dominant application of the market during the forecast period.”

• The building finishing market is segmented by application type into cementitious floors, tile setting, concrete repair mortars, façade mortars and protection, waterproofing mortars, cementitious grouts, interior wall levelling, and other applications.
• Façade mortars and protection are expected to remain the dominant segment in the building finishing market during the forecast period due to their critical role in enhancing both the durability and aesthetic appeal of buildings. With increasing urbanization and infrastructure development, particularly in emerging economies, there is a growing demand for high-quality façade solutions that offer long-term protection against environmental factors such as UV radiation, moisture, and temperature fluctuations. Additionally, the rising adoption of energy-efficient and sustainable construction practices has led to the increased use of eco-friendly façade coatings and insulation materials. 

By Product Type

“Building mortars are expected to continue as the leading product of the building finishing market throughout the forecast period.”

• The building finishing market is segmented by product type into building mortars, engineered mortars, and cementitious flooring mortars.
• Building mortars are anticipated to remain the dominant product type in the building finishing market during the forecast period due to their widespread application, cost-effectiveness, and essential role in construction. As a fundamental component of masonry and finishing works, building mortars are extensively used in bricklaying, plastering, rendering, and wall finishing, making them indispensable in both residential and commercial construction. 

By Chemical Type

“Acrylic is expected to be the dominant chemical type of the building finishing market.”

• The building finishing market is segmented by chemical type into acrylic, polyurethane, epoxy, silicone, SBR (styrene butadiene rubber), vinyl ethylene, latex emulsions, polyethylene, and polypropylene.
• Acrylic is expected to hold the major share of the market during the forecast period. Acrylic is a popular raw material in construction chemicals due to its versatile nature and wide range of beneficial properties that make it suitable for various applications in the construction industry. Acrylics have strong adhesion properties, which means they can form a strong bond with various surfaces. This quality makes acrylic-based mortars highly effective in adhering tiles, stones, and other finishing materials to substrates. 

Regional Analysis

“Asia-Pacific is expected to remain the largest market for building finishing during the forecast period.”

• In terms of regions, the Asia-Pacific is expected to be the fastest-growing market for the anchors market during the forecast period due to the growing number of construction activities, rapid urbanization, growing population, and improving economic conditions. This has led to increased demand for residential, commercial, and infrastructure projects, driving the growth of the building finishing market. In addition to that, emerging economies such as China and India are investing heavily in construction activities and infrastructure development; these projects require extensive building finishing work, such as tiling, flooring, painting, and decorative elements, ultimately fuelling the growth of the market in the Asia-Pacific region.

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Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the building finishing market -  

Here is the list of the Top Players (Based on Dominance)

• Sika AG
• Saint-Gobain Weber
• MAPEI S.p.A.
• The DOW Chemical Company
• RPM International Inc.
• Holcim
• Evonik Industries AG
• Ashland Global Specialty Chemicals Ltd.
• Pidilite Industries Limited

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]

Recent Developments/Mergers & Acquisitions:

• In February 2024, Sika acquired Elmich Pte Ltd. The acquisition complements Sika’s roofing portfolio in the region and strengthens its specification business for commercial and residential projects.
• In May 2023, Sika closed the acquisition of MBCC Group, a leading global supplier of construction chemicals. With a focus on innovation and sustainability, MBCC Group has been at the forefront of driving positive change in the construction industry.
• In 2019, Sika successfully acquired Parex, which has allowed it to broaden its range of products for the building finishing market. This acquisition has also reinforced Sika's position as a global leader in construction chemicals.

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s building finishing market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 12 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The building finishing market is segmented into the following categories:

Building Finishing Market, by Application Type

• Cementitious Floors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Tile Setting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Concrete Repair Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Façade Mortars and Protection (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Waterproofing Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Cementitious Grouts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Interior Wall Levelling (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Building Finishing Market by Product Type

• Building Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Engineered Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Cementitious Flooring Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Building Finishing Market by Chemical Type

• Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• SBR (Styrene Butadiene Rubber), (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Vinyl Ethylene (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Latex Emulsions (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Building Finishing Market, by Building Type

• New Build (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Refurbishment (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Building Finishing Market, by Region Type

• North America (Country Analysis: USA, Canada, The UK, Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]