Decorating blank walls with eye-catching pieces is an easy way to add a personal touch to the spaces in our homes. Whether you love a classic landscape in a gilded frame or lean more towards neutral abstracts, scouting the perfect wall art is ultimately a subjective journey. But sometimes finding the right piece of art can be a tricky—especially if you don’t have inspiration to lean into.
To help you assemble your next gallery wall or statement-making sculpture, design experts are sharing the top wall art trends of 2024. Take inspiration from these popular aesthetics and motifs as you refresh your own space.
Courtesy of Emily Henderson / Kaitlin Green
Digital Art
Digital art is also on the minds of many designs and homeowners alike. And as streaming services bring us the convenience of watching our most-loved shows and movies at home, having a television in several rooms has become common. But these gadgets don’t have to detract from creating a soothing, beautiful space.
Designer Emily Henderson of Style by Emily Henderson agrees, encouraging homeowners to explore art through platforms like the Samsung Art Store on The Frame TV. “You can really delve into art history and discover so much,” she says. “Imagine turning The Frame into an awesome digital canvas, showcasing your love for the classics in a cool and fresh way in your favorite room.”
Oversized Funky Mirrors
While some may not categorize mirrors as art, contemporary mirrors run the gamut from faux windows to sculptural masterpieces, so this wall decor option provides ample possibilities. “Wavy, brass, curvy, layered—all forms of oversized and funky mirrors are definitely on the rise for wall art trends of 2024,” says designer Sarah Tract of Sarah Tract Interiors.
These design staples also hold a unique pull and are easy to install. Mirrors can also bounce light around in a room, visually expand it, and even conceal an architectural flaw. Tract suggests hanging mirrors over console tables to set the stage for guests at the entrance of a home, or placing a full-length mirror in a bedroom to add a dramatic, functional touch.
Marty Baldwin
Watercolors
“Watercolor remains a timeless favorite in the art world, adding an enchanting touch of romance and movement to any space. Its soft, dreamy quality can instantly transform a room, infusing it with a sense of tranquility and sophistication,” Henderson says. When integrating watercolor into your decor, don’t be afraid to mix and match different pieces to create a visual depth. “Whether it’s delicate florals, serene landscapes, or abstract motifs, each watercolor artwork tells its own unique story,” she says.
Risk-Taking Pieces
“2024 is all about making a bolder design statement,” says designer Debbie Mathews of Debbie Mathews Antiques & Designs. “With more saturated colors trending, the unexpected red theory, maximalism having a moment, and the use of wallpaper skyrocketing, how we adorn our walls is just another opportunity to take some risk as well as have some fun.”
To try this trend, take the opposite approach of your go-to design style. Love traditional design? Select abstract or contemporary art. Modern minimalist? Scout a rich, vintage oil painting in an ornate frame. Exploring art that’s an antithesis of your usual design style will push you outside of your comfort zone and add a lively, fresh element to your space, Mathews suggests. “Taking risk in the last layer of your design, such as with art, can also be easy to remedy if you tire of this look down the road,” she says.
David Tsay
Gallery Walls
For times when a single piece of statement art doesn’t feel satisfying enough, finish up a blank wall with a gallery instead. “Gallery walls have certainly gained popularity over the past few years, but are certainly not ‘trendy,’ as they date back to the late 1600s,” Mathews says. “The wealthy during that time hung enormous and lavish paintings from picture molding, making a grand statement.” And since it may take several years to collect large, substantial pieces of art, a gallery wall can provide a more budget-friendly placeholder in the interim, she explains.
To get the gallery wall look at home, create a collage of family photos, sketches, postcards, art, photography, and tapestries. To experiment with a unique arrangement, utilize various artistic mediums such as heavy oil, soft watercolors, and textured artwork. You can also refine your gallery by developing a common thread with similar frames, a repetitive color, shape, or theme. “There is definitely power and structure in repetition which I find can be pleasing to the eye,” Mathews says.
Neutral Art
Sometimes, art can be a quiet accessory that creates a beautiful backdrop on any large wall without casting all the attention. “Art that blends in with the materials of your home, whether plaster, fabric, marble, or wood, acts as more of an accent to tie your home together, rather than a large statement piece on its own,” Tract says. “I love a giant oversized neutral piece of art over a sofa or in a hallway.”
Courtesy of Emily Henderson / Geneieve Garruppo
Graphic Cubism
“Graphic cubism is also captivating the design world with its bold yet elegant style,” says Henderson, who is primarily drawn to charcoal drawings or paintings that embrace the surreal and create a mesmerizing pattern-like effect on a wall. “What’s great about this trend is its ability to make a statement without overwhelming the space,” she says. “It adds a ton of dimension and effortlessly elevates any room.” If you decide to incorporate graphic cubism into your decor, consider mixing it with other styles to create a unique look.
Old World Masters
“Old world masters, even in studio or student art renditions, are making a big comeback in contemporary interior design,” Henderson says. “Whether it’s classic still life, serene seascapes, or majestic landscapes, there’s an undeniable soulfulness in incorporating these timeless pieces into our modern spaces,” she adds. As a history enthusiast herself, she finds these pieces add depth to any space and also help us connect to our past.
DIY Wall Art
If you’re looking for a more creative outlet, creating DIY wall art this year can be an idyllic way to top off a lackluster space. This on-trend design technique is “always fun and cost-effective, as you can create your own customized wall art,” says HGTV design expert Taniya Nayak. She suggests trying a painted wall mural, using tape to map out the exact size and pattern of your design before you begin.
Felt Designs
Moving beyond paintings and conventional art, Nayak is also seeing felt designs gain traction this year. For example, with Felt Right’s Design Studio, you can customize your vision, specifying every detail from color to pattern and sizing. These felt designs combat single-use plastic by using recycled plastic fiber to construct their felt and are designed to absorb sound reflections.
Annie Schlechter
Sculptural Art
“Another trend that never gets old is hanging various woven baskets in a cluster,” Nayak says. “It adds so much texture and movement and brings any space to life.” To fine-tune this look, she recommends mixing up the sizes and colors to make a playful design that’s full of character. Another tip? She suggests diving into patterns and motifs that speak to you, as they’ll likely complement your existing decor and design style.
The decorative paints market is anticipated to grow from USD 63.34 billion in 2023 to USD 108 billion by 2033, according to Future Market Insights. Throughout the forecast period, a compound annual growth rate (CAGR) of 5.4% is anticipated for the market. People can choose from a large range of designs, styles, and textures thanks to the decorative painting process. The decor technique, which is primarily utilized in interior design, has grown to be important in remodeling homes, apartments, businesses, kitchens, and bathrooms. It used to be exclusively used by professionals, but these days, homeowners who wanted to remodel their houses are fond of it.
Decorative paint industry innovation and growth have increased significantly in recent years. As an eco-friendly and sustainable paint option has become more popular, manufacturers have spent a great deal of time in research and development to create low-VOC water-based paints and other environmentally friendly finishes. Technology such as virtual reality is being used by many companies to improve customer engagement and experience.
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Paint the Future, an initiative of AkzoNobel, and Asian Paints’ research and technology organization are also driving industry innovation. As a whole, the decorative paints industry is poised for growth, with more sustainable products and innovation in its future. Decorative paints are expected to see high growth in demand over the next few years in India. The government’s initiative to invest in infrastructure, schemes such as Housing for All in India is likely to gain traction in the market. GST on paints is set to be reduced from 28% to 18%, which will boost demand for paints.
Key Takeaways
Due to their superior performance characteristics, water-based decorative paints are expected to replace solvent-based paints in the near future. It is estimated that the segment will grow at a CAGR of 5% over the next decade.
The market share of decorative paints applied to the interior in Europe is expected to reach 77% by 2023.
The United States decorative paint market is expected to grow by 4.8% CAGR between 2023 and 2033.
Sales of decorative paints are expected to grow at 5.7% CAGR in India over the next decade.
The decorative paints industry share is expected to reach about 9% in Japan and South Korea by 2023.
In 2023, China is expected to hold a 73% share of the East Asia decorative paints market.
“Many foreign and domestic investors are flocking to Asia’s emerging economies to meet the growing demand for construction.As a result, decorative paints are in demand. In the future, decorative paint consumption will continue to grow because of the growing importance of improving interior décor around the globe,” says an FMI analyst.
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Competitive Landscape
The decorative paint industry expands and penetrates new markets, it relies on both inorganic and organic strategies. A number of these strategies are employed, including mergers and acquisitions, partnerships, and the launch of new products.
The key industry players are:
Akzo Nobel N.V.
Sherwin-Williams Company
PPG Industries, Inc.
Asian Paints Limited
NIPSEA GROUP (Nippon Pain)
Valspar Corporation
Jotun
BASF-SE
Berger Paints India Limited
RPM International Inc.
KANSAI Paints Co., Ltd.
Market developments Include:
In April 2023, AkzoNobel will increase its presence in China through the acquisition of Sherwin-Williams’ Chinese decorative paints business on its own. Regulatory approvals must be obtained before the project can be completed. The company generates about €100 million in revenue each year and employs about 300 people. There is a long history and reputation for Huarun’s brand in China, which is included in the transaction.
In June 2023, a subsidiary of Asian Paints Limited known as Asian Paints Berger has announced the launch of its new decorative finishes for walls based on Arabic patterns, a product that is curated specifically for the region to restore its design heritage and give it a new look and feel. During the INDEX 2023 event at the Dubai World Trade Centre, Asian Paints Berger launched its all-new ‘Royale Play Artistica’ decorative coating product line in its own pavilion.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global decorative paints market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the decorative paints market, the market is segmented on the basis of product type (water-based paints and solvent-based paints), formulation (emulsion-based paints and distemper), application (interior paints and exterior paints), sales channel (online and offline), and price (premium, medium, and economical) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Text description provided by the architects. The Diwan is a year-round pavilion and event space for the University of Alberta Botanic Gardens and the final piece to complete the 4.8-hectare Aga Khan Garden, Alberta. The site of the pavilion was designated in the original concept plan for the Garden, inaugurated in 2018. In addition to providing multi-use functionality, the pavilion was to resonate with its rich surroundings and extend the themes of the Garden, a contemporary interpretation of Islamic landscape architecture in a northern climate and context. The pavilion was designed to complement the spirit of the Garden’s design, heritage, and experience. The term diwan has varied historical definitions, and here implies a space for meeting, cultural exchange, and celebration.
The design team’s research began with the underlying themes of the Chahar Bagh garden typology commonly used in Mughal gardens, a key source of inspiration for the Aga Khan Garden. The function, scale, and detailing of the historical garden, as well as the pavilions within them, were a source of inspiration, as were broader traditions of Islamic building arts. Geometric patterns, surfaces, and screens are embedded throughout the Diwan, and further, enrich the visitor experience of the building and garden. The design, massing, and material selection are that of a contemporary building that interprets traditional principles.
The Diwan is designated to be the University of Alberta Botanic Garden’s only year-round facility. It includes a large event space, servery, coat check, washrooms, and universal access to the rooftop terrace, providing panoramic views back to the garden. In creating a facility for performances, conferences, workshops, exhibitions, or weddings, the architectural design ‘offsets’ some of the symmetries of the Aga Khan Garden while adhering to others, to balance the formal garden context with the pavilion’s internal function and focus on a well-serviced ‘public room’.
The Diwan has a strong yet understated presence within the Garden. Its horizontal form hovers along the southern edges of the Garden. A sizeable overhang provides shade and shelter marking its entry and offering an uninterrupted view into the main hall and through to the woodland forest beyond. It lies symmetrical to the Garden’s north-south axis, acting as its terminus and marking the garden’s edge with the forest. The architectural form was carefully considered to integrate with the scale of the surrounding garden elements in a seamless manner.
The Diwan will be a beacon of gathering and intellectual interaction. It will be a home of the arts and of celebration, as well as a symbol of rich heritage, tradition, and cultural pluralism. It is imbued with cultural sensitivity and historic legacy while remaining responsive to its garden settings, programmatic requirements, and the context of northern Alberta. In the evening, the Diwan will serve as a beacon, illuminated by a warm and welcoming lantern-like light from within.
We at House Beautiful are big fans of life’s most heated debates: sweet or savory, uptown or downtown, and maximalist or minimalist, to name a few. One such divisive dispute that’s causing arguments lately: pre-war or contemporary architecture. Similar to the previous “this or that” topics, there’s no right answer here. In fact, a strong case can be made for either. So, we asked some of the design community’s most illustrious architects to argue their side of the debate.
First, though, we’re going to situate each style of architecture in both time and space. As its name implies, pre-war architecture refers to structures designed and erected before World War II, but it doesn’t encompass all buildings built before that time; just those erected between the start of the 20th century and the beginning of the war. These types of residences, which can be apartment complexes or standalone homes, appear mostly in major American cities, notably in Manhattan and Brooklyn. On the opposite end of the design spectrum, contemporary architecture features a much more streamlined and less ornate look than its predecessor and can be found anywhere in the U.S. It refers to residences built between the late 20th century and the present day.
Let’s get into it, shall we?
Why We Should Continue Embracing Pre-War Architecture
Design: Patrick Ahearn, Photo: Taylor Allegrini
As any architecture enthusiast who slows down while driving on a historic street dotted with 100-year-old homes knows, they just don’t make houses like this anymore. And we’re not just saying that as a sentiment; we’re stating it as a fact. The artisans who created such works of art throughout the first half of the 20th century practiced crafts you don’t often see these days. This explains why a historic home from this era may be more intriguing to some, including Patrick Ahearn, founder and lead architect of his eponymous firm in Boston. In a pre-war home, “you’ll see elements like beautiful inlaid hardwood floors, significant crown molding, and plenty of wood-burning fireplaces,” he says.
Ahearn isn’t the only prominent figure in the design community who would rather renovate and improve upon pre-war architecture than create a new build. “Pre-war architecture is timeless, well-built, and functions as the bridge between the past and modern living,” says New York City-based Stephen Chrisman, partner at Ferguson & Shamamian Architects. “The details and materials in pre-war architecture provide character and give context to a house or building and bring real beauty into our lives.” Of course, there are plenty of restorers and builders out there who can expertly recreate the ornate and sometimes lavish details often found in the nooks and crannies of old structures, but it just isn’t the same as actually living with the original architecture. “These houses can be very easily revived, and in doing so, you can breathe new life into a structure that’s full of character and uphold the fabric and themes of an overall neighborhood,” Ahearn notes. That coveted sense of character, history, and community is what can’t be easily recreated.
A Case for Starting Fresh With Contemporary Architecture
Design: TenBooks, Photo: Mariko Reed
“Contemporary architecture is a broad and evolving term. It often includes open floor plans, large expanses of glass, and a blend of indoor and outdoor spaces,” explains Matthew Bowles, founding principal architect of TenBooks, which has studios in both San Francisco and Los Angeles. “It is also marked by a willingness to experiment with new aesthetic concepts, merging various cultural influences, and embracing the individuality of each project.” Contemporary architecture isn’t bound by specific principles the way pre-war architecture may be, which makes it a bit more freeing and experiential. Plus, as Charlap Hyman & Herrero’s principal architect Andre Herrero notes, “Pre-war architecture generally has lower degrees of light and air than contemporary architecture does, and it is often more rigid—especially when it comes to the possibilities of where you can take it.”
There’s also a general simplicity of contemporary architecture that’s quite literally designed to make the ease of living more enjoyable and comfortable. It’s less about decorative details and more about function that doesn’t skimp on style. “Contemporary architecture is less ornamental, if you’re into that,” Herrero adds. Bowles points out that, because there’s less extravagance to take in, contemporary architecture tends to feel a bit more calming to the eye than its pre-war counterpart. “The zen-like simplicity of form and functional driven design make it well suited for modern living,” he says.
How to Know Which Style Is Right for You
Design: TenBooks, Photo: Mariko Reed
Design: Patrick Ahearn, Photo: Taylor Allegrini
When you’re torn between two opposite looks, like pre-war and contemporary architecture, think about which one you gravitate towards based only on aesthetics. Ask yourself which type of architectural vibe you can see yourself actually living, cooking, sleeping, and entertaining in, and doing so happily. Both pre-war and contemporary architecture can work in pretty much any type of city and landscape, but if the seamless blend of indoor and outdoor is important, you may want to opt for contemporary. On the other hand, if you want to get lost in thought gazing at the extravagant millwork or stoke a wood-burning fire after a long day, pre-war may suit you best. “Typically, pre-war architecture conjures up images of large, generously proportioned rooms with high ceilings that often flow seamlessly from one into the other. Wood moldings, trim details (especially large-scale cased openings or doors), and stone fireplaces tend to be features of beautiful pre-war spaces,” says, Hormuz Batliboi, principal architect at Brooklyn-based Batliboi Studio.
In the end, one style does not reign supreme over the other. That said, one of them will be better for you and your needs, so if you’re moving into a new space—whether it be an apartment or a single-family house—think about how you’ll be living in it to help inform your decision.
Baker’s Arch, which sits on three levels, embodies Laurie Baker’s philosophy of working with, rather than against, the land. The dramatic entrance on the highest level guides you along a cobblestone pathway to an exposed feature wall and an arch, leading down to the second level. Here, the cafe building begins around a gracefully ageing fountain. “The arch, feature wall, and fountain are my additions to the original structure when it was my office,” Vinod shares. The backyard is now a garden cafe and coffee bar for those seeking to enjoy the outdoors. Inside, the rooms are thoughtfully repurposed into a co-working space, lounge, and common and private dining areas, catering to the varied needs of different guests. The basement is converted into the main kitchen.
Also read: Jaipur’s newest haunt, Polo Palladio witnesses a radical departure from the ‘country club aesthetic’
As Vinod recounts, “We have made only minimal interventions to the main building, removing some walls to accommodate washrooms and extending the kitchen in the basement, which is essential for the café.” This sensitivity is apparent in the Lotus Hall, which retains its original design, featuring a distinctive lotus-like frame of three of Baker’s grand brick arches, now serving as the primary dining area. Beyond fixing leaks and other minor issues, the roof, floor, and windows are conserved in their original form.
Today’s concrete contractors are working smarter than ever. Equipment and tools are designed to help them be more productive and as efficient as possible. The products and solutions presented with the Concrete Contractor 2023 Top Products award are designed to not only help overcome the challenges contractors face on a daily basis but do so with innovative ideas and ingenuity.
The Concrete Contractor 2023 Top Products award recognizes products, tools, and equipment within the construction, decorative, and finishing world. Congratulations to them all.
Presented in alphabetical order by company/manufacturer with a short list of honorable mentions. Click the following to jump to the section: D-K, L & M, N-R, S-Z, and Honorable Mentions.
Announcing the 2023 Top Products in video.
A-C
The Propane-Powered Riding Concrete Trowel HDX615
By Allen Engineering Corp.
Allen EngineeringAllen Engineering’s riding concrete trowel HDX615 is powered by Power Solutions International’s 2.4-liter dual-fuel gasoline and propane engine providing up to 67.1 hp and 125.2 ft.-lbs. of torque. Backed by data and support from the Propane Education & Research Council, the dual-powered engine offers a path to a clean energy solution without compromising on performance or range, the company said.
“This is an exciting development for contractors,” says Joe Calhoun, the director of off-road business development at PERC. “Contractors have been enjoying the benefits of propane-powered concrete trowels for years. This new Allen Engineering unit is the largest of its class and, being dual fuel, enables operation indoors and outdoors to meet the immediate needs of the job.”
Aquajet
The Aqua Cutter 750V Hydrodemolition Robot
By Aquajet
Aquajet’s Aqua Cutter 750V features the company’s Infinity oscillation that moves the water jet in an infinity, or figure eight, pattern, removing more concrete in a single pass while reducing shadowing, eliminating the risk of pipe holes and providing an efficient bonding surface.
The 750V also features the next generation Evolution 3.0 Control System that includes new functions, including the ability to automatically calculate optimal settings for lance motion for greater precision and efficiency. Like all Aqua Cutter Robots, the 750V cleans and descales rebar without causing microfracturing. It also maintains horizontal, vertical and overhead reach, making it suitable for a wide variety of concrete removal tasks, such as renovation and bridge and road repair. Brickform, a Division of Solomon Colors
Ultra-M1x Pre-measured Concrete Coloring
By Brickform, a division of Solomon Colors
Brickform Ultra-M1x is a blend of pure iron oxide pigment and Ultra Fiber 500, packaged in a pre-measured repulpable bag. Ultra-M1x offers a premium color system combined with the added benefit of UltraFiber 500 in the mix. Ultra-M1x can be added at the ready-mix plant or at the jobsite. Brickform Ultra-M1x requires no measuring and disperses evenly throughout the concrete mix. Ultra-M1x is the perfect choice for architectural concrete on residential, commercial and municipal applications.
One bag per cubic yard
Repulpable bags
Fiber reinforced
Reduces plastic shrinkage cracking
20 premium colors
1lb of fiber per bag
Coval Technologies
Coval Polished Concrete Sealer
By Coval Technologies
The Coval Polished Concrete Sealer (PCS) by Coval Technologies won’t change the natural beauty of polished concrete while protecting the surface from stains, acids, and oils.
Will not distract from natural-looking polished concrete.
Better protection than traditional guards without constant maintenance.
Penetrates the pores of polished concrete to create a new, long-lasting, chemical and liquid barrier.
Will never become thick and gooey after repetitive adhesions as other concrete guards can do.
Diablo Tools’ diamond segmented turbo masonry cut-off blades provide extreme durability, longer life and faster cuts in concrete and brick. Designed to fit standard arbor sizes and X-Lock interface, these diamond blades deliver up to 30% faster cuts and up to 4X longer cutting life versus standard diamond cut-off blades – a revolutionary design that is disrupting the masonry cutting industry.
Current diamond segmented and diamond turbo blades on the market are designed to offer either a quick cut or a clean cut – resulting in professionals choosing between speed and quality cuts. Having to choose between these two blades results in additional time and labor on the jobsite. Diablo’s diamond segmented turbo blades feature an innovative 2-in-1 design that delivers the best of both worlds with fast and clean cuts in all masonry materials.
The BITTYBREAKER
By General Equipment Co.
General Equipment CompanyDesigned to provide a simple, inexpensive alternative to jackhammers, sledgehammers, pickaxes and other tools, General Equipment Company’s the BITTYBREAKER (model 102) is a manual impact breaker/tamper. Compatible with a multitude of industry-standard jackhammer tools, the hand-held BITTYBREAKER offers a powerful impact energy to effectively break concrete or frozen ground, cut asphalt, tamp dirt, chop roots, or remove ceramic tiles and brick pavers.
The BITTYBREAKER was developed as a low-tech, yet highly effective solution for small breaking jobs. Featuring a lightweight, thin barrel design, the BITTYBREAKER weighs only 21 pounds (9.5 kg) and has a Posi-Grip handle for safe, comfortable operation. The internal piston and barrel are constructed of solid steel, helping the tool produce an impressive force of up to 1,450 ft.-lbs. (1,966 N.m.) of energy per blow. An operator can typically complete 10 to 20 blows per minute, depending on the rate of work. A spring-assist tool retainer is included to help prevent damage in the event of a dry fire.
The NCV 4-22 Pencil Concrete Vibrator
By Hilti
HiltiDesigned for settling concrete, this heavy-duty finishing tool is cordless and powered by the Nuron battery platform. A portable design allows the concrete vibrator to reach various sections of busy worksites, as well as tight spaces, curbs and gutters.
On the NCV 4-22, operators have access to a switch-on interlock for the control switch and a grip handle for stability. A maximum plunge depth marking is available on the shaft.
Nuron tools utilizes 22V li-ion batteries for a manageable power-to-weight ratio. Nuron’s new electronics provide insights on battery and tool use. Nuron supports cordless battery performance monitoring with a built-in battery health tester, sealed electronics, shock absorbers and reinforced housing for protection in tough jobsite conditions.
Kraft Tool Co.
The Orange Thunder Walking Float with Ultra Twist Bracket
By Kraft Tool Co.
Kraft Tool expanded its KO-20 blade material to include the Orange Thunder Walking Float with Ultra Twist Bracket. The 36-in. by 3-1/2-in. blade has rounded ends and broken-in edges for floating without gouging.
The walking float features an aluminum bar down the middle of the blade to provide reinforced strength. Topped with the unique Ultra Twist Bracket provides a full 360 degrees of rotation to work from any angle. Its large range of motion is great for hard-to-reach places and working around obstructions. The bracket fits 1 3/8 in. or 1 3/4 in. button bull float handles.
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Liebherr
L & M
The 80-LP Concrete City Pump
By Liebherr
The THP 80-LP truck-mounted concrete city pump is a compact and powerful pump designed specifically for the North American market. It is the smallest pump in the truck mounted concrete pump product line. It offers many of the same features as the larger truck mounted concrete pumps.
It is designed for jobs in urban environments, residential jobs and compact job sites where space is limited.
Liebherr’s new city pump fulfils an industry need for a reliable and flexible boomless pump truck for line pumping applications. The design and development of the THP80-LP city pump is a result of customer feedback and Liebherr’s many years of engineering and production.
Ligchine
The E-Z Placer
By Ligchine
The E-Z PLACER provides a portable, easy-to-operate, agile solution for efficiently and safely placing concrete in line pump applications. As a self-propelled, remote-operated concrete placer and line dragger in a single, easy-to-transport unit, it provides a safe work environment by keeping the operator and machine out of the finishing area.
The E-Z PLACER is remote operated with a full set of backup manual controls on the machine. At 60-in. wide and 4,000 lbs., this machine is easy to transport and maneuver on the job site.
The BullVibe Vibratory Bull Float
By MBW
MBW Inc.Generally, a contractor will need a vibratory bull float in emergency situations (concrete setting up too quickly, cold joints, a second ready mix truck not showing up on time). Vibratory energy will be required to blend in the concrete, and to bring the cream back up to the top of the slab. These are great application examples in which a contractor can use the BullVibe.
Any Milwaukee M18 REDLITHIUM battery can be used.
Sealed, so no maintenance/greasing is required
Compatible with poles and floats from Marshalltown, Kraft, Roseburrough Tool, and Bon Tool
The MX FUEL 36 in. Walk-Behind Trowel
By Milwaukee Tool
Milwaukee Tool Co.Milwaukee Tool’s MX FUEL 36-in. Walk-Behind Trowel provides smoothed, balanced finishing with 5HP performance, no gas headaches, and 25 min of runtime per charge. The POWERSTATE Brushless Motor delivers 5HP performance and unmatched control with a max blade speed of 130 RPM and an ergonomic throttle design. The trowel provides instant power with no gas headaches and requires no regular maintenance, producing less noise and zero emissions for a safer workspace indoors or outdoors.
It is compatible with all MX FUEL REDLITHIUM batteries, giving you the hardest working and most reliable power for equipment. REDLINK PLUS Intelligence ensures optimal performance and provides overload protection to protect your machine and battery during the toughest applications.
The Redesigned A-1CL Dowel Pin Drill
By Minnich
MinnichMinnich Manufacturing has redesigned the A-1C dowel pin drill to offer concrete contractors the same performance at a more affordable price.
“We’re excited to offer a quality drill for customers who need a basic option. We’re proud of our higher-end products, but some road-building contractors simply don’t need all the bells and whistles that accompany them. The A-1CL is for them,” says Rob Minnich, president and CMO of Minnich Manufacturing. “The Minnich quality our customers know and love is still there, just with fewer features than the original A-1C.”
The A-1CL dowel pin drill is an on-slab drill that offers horizontal, vertical and 35-degree stitch and skewed drilling positions. The drill is maneuverable but does not include a formal steering system. The A-1CL nomenclature refers to its lightweight design, weighing in at 350-lbs.
The Mayco LS300GK Small Concrete Pump
By Multiquip
MultiquipThe Multiquip Mayco LS300GK compact, trailer-mounted concrete pump combines levels of performance with the build quality you would expect on larger pumps.
Multiquip designed the LS300GK to be unique and distinct from other pumps with a 30-yard/hour output, handling up to 1 1/2-in. aggregate.
Oversized 6-in. material cylinders
800 psi piston face pressure (max)
85.0 HP liquid-cooled Kubota WG3800 gasoline engine
The versatile LS300GK pumps a variety of concrete mix designs and is ideal for slab work, block fill, shotcrete and more. The pump features a 10 cubic foot capacity hopper that is easily removed for maintenance and accessibility to wear components. Operators will appreciate the easy to read, solid-state digital control panel and optional wireless remote control.
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N-R
National Flooring Equipment
The Rogue Walk-behind Scraper
By National Flooring Equipment
National Flooring Equipment’s The Rogue provides floor preparation contractors with the power and productivity of a ride-on scraper in the compact size of a walk-behind. The Rogue is an all-electric scraper with precision steering, speeds up to 150 ft/min and a fully adjustable blade angle at the touch of a button.
When developing the Rogue, National Flooring Equipment explored how it could redesign a walk-behind scraper to have all the features of a larger, ride-on in a compact machine. Legacy walk-behind machines are typically difficult to maneuver, using hydraulics to control the scraper. Instead, the Rogue is a fully electric machine, with increased maneuverability and speed — where a traditional walk-behind scraper could work up to 30 ft/min, the Rogue can do up to 150 ft in the same time.
FOAMGLAS Perinsul SIB Thermal Bridging Solution
By Owens Corning
Owens CorningAs the AEC community looks to achieve ever more energy-efficient buildings, Owens Corning is introducing a solution to improve thermal performance, increase energy efficiency and minimize performance loss in the event of moisture exposure.
Owens Corning is introducing FOAMGLAS Perinsul SIB (Structural Insulating Block)as a thermal bridging solution for high-performance buildings. Material science helps explain its thermal performance. FOAMGLAS Perinsul SIB is a block made of cellular glass, enabling it to help eliminate thermal bridging beneath exterior masonry veneer walls. This thermal bridge near the foundation has historically been difficult to address due to the need for an insulating material that could meet both structural load and thermal performance requirements.
Pecora-Deck HB1000 Series
By Pecora Corporation
Pecora CorporationThe Pecora-Deck HB1000 High Build Traffic Coating System was developed to provide contractors with an industrial-grade alternative to traditional polyurethane coatings. This system was designed to be used in heavy-duty vehicular and pedestrian applications. Pecora-Deck HB1000 can withstand high-impact conditions and exhibits exceptional abrasion resistance. HB1000 is a low-VOC and low-odor coating making it an ideal choice for interior applications with adjacent occupied space.
Concrete Meter Cart
By Runyon Data Services
Runyon Surface Prep Rental & SupplyAfter years of R&D, diligent testing, and constant improvements, RSP’s Runyon Data Services addresses the issue of convenience, they developed a self-contained mobile cart to house the meters and charger. That means no more kneeling and bending. In order to radically increase utility, a small computer “brain” was incorporated into the cart, where it wirelessly transmits meter readings directly into the Runyon App. Thus, no more scribbling.
From that Runyon App, measurements can be compared to selected specs, compiled into custom reports, enhanced with comments and images, and then stored and/or securely disseminated via email or text. All this from the palm of your hand.
So, whether you’re a contractor trying to meet required specs, or a manager/owner verifying that your specs have been met, there’s no longer a need to suffer through aching backs, disjointed equipment, or misplaced papers. A reliable solution exists. And while it’s been a long time in the making, Runyon Data Services is now available to boost efficiency, increase productivity, and make measuring so much easier over the life of your concrete.
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Simpson Strong-Tie
S-Z
RCA-C Rigid Connector Angle
By Simpson Strong-Tie
Designed to save installers time and reduce the cost of drilling connector holes at the jobsite, the RCA-C provides the most anchor options available, including holes for a 1/2-in. diameter anchor screw or bolt, or for two 1/4-in. diameter concrete screws positioned to allow a variety of fastening options.
The Simpson Strong-Tie family of rigid connector angles include general-purpose clip angles designed for a wide range of cold-formed steel construction applications. With prepunched holes for fastener attachment, these L-shaped clips save time and labor on the job and can be used for miscellaneous header/sill connections to jamb studs, jamb stud reinforcement at track, u-channel bridging, stud blocking, bypass curtain-wall framing, joist connections and other applications.
SikaCem-190 Concrete Control
By Sika
Sika CorporationIdeal for all concrete, colored concrete, and dry shake hardener applications, Sika’s SikaCem-190 Concrete Control is a non-filming, low VOC, amorphous colloidal silica topical additive applied to freshly placed concrete that maintains adequate moisture while reducing the risk of concrete setting prematurely.
Applications of SikaCem-190 Concrete Control include decorative concrete, concrete slabs, polished concrete, driveways and sidewalks, interior or exterior concrete, parking garages, industrial floor slabs, and bridges and roads.
Somero Enterprises
The Broom + Cure Machine
By Somero
Somero’s Broom + Cure Machine solves the manual application problem in the broom and cure process. Built on a hybrid of an S-15R (upper) and S-22EZ (lower) frame – the Broom + Cure Machine has the performance and power to tackle all your paving jobs.
14 ft. proprietary broom, spray bar, and channel float head are precision-engineered to follow ACI curing guidelines
Designed space for 55-gallon drums – integrated materials handling to keep spraying consistent and refills easy
Dual Sonic Tracer ensures accurate head height during the broom and cure process
Somero’s Soft Landing and Self-Leveling System delivers smooth and consistent brooming to curing transitions
30-Gallon freshwater tank and hose to keep the head clean throughout the job
3D-Admix
By SpaceCrete
3D-Admix is an engineered blend of active solids suspended inertly in a concentrated liquid Shrinkage Reducing Agent (SRA). This composition allows for maximum rheology modification to concrete or mortar with a very low dose of admix. The solids are of a blend developed to impart optimal properties to the modified concrete to enable rapid vertical stacking while minimizing plastic shrinkage.
The SP 20(i) Offset Concrete Paver
By Wirtgen
Wirtgen Group | Wirtgen AmericaThe production of concrete safety barriers with a height of up to 2 m and the paving of flat surfaces with widths of up to 2.5 m are typical applications for the SP 20(i) offset paver. With the machine, Wirtgen offers its customers the ideal combination of productivity and mobility. Despite the large paving widths and heights it offers, the machine has a low transport weight and compact dimensions.
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Honorable Mentions
Smart Creep Brings ‘Adaptive Cruise Control’ to Your Attachments
By Caterpillar
CatepillarCaterpillar will soon launch a new smart creep feature for the full range of Cat D3 Skid Steer Loaders (SSL) and Compact Track Loaders (CTL) for operating Cat cold planer and wheel saw attachments.
Smart creep senses the load on the attachment and automatically adjusts the drive command to keep the cold planer or wheel saw running at the most productive speed.
A combination of attachment sensors and proprietary software optimally balances attachment load and machine speed to maximize productivity.
By continually sensing the load on the attachment, smart creep increases machine speed when encountering less resistance and automatically slows the machine when encountering higher loads. Engine load remains constant, while the operator can monitor hydraulic pressure on the in-cab display panel. Smart creep takes the guess work out of setting the right creep speed for operating the attachment.
The HALO Alignment System
By Digga
DiggaDigga offers the HALO alignment system for drilling applications on construction sites. Located in the hood ring of the auger, HALO provides an operator with a simultaneous clear line of sight to itself, as well as the hole being dug. HALO utilizes a band of LED lights, which when fully illuminated green, indicates the auger is plumb. If the auger moves from its plumb position, a sequence of red and green lights will be lit to guide the operator back to plumb.
This product does not need a spotter and spirit level to guide the operator. It also ensures holes are drilled plumb and reduces the number of in-hole angle adjustments, resulting in no oversized holes (minimizes the amount of concrete when filling). The system eliminates sideload on auges and auger bits, avoiding potential damage and repairs.
Three Vibratory Plate Compactor Attachments
By Kubota
Kubota Tractor Corporation and Land Pride announced the introduction of new construction attachments at this year’s World of Concrete show to include a new line of performance-matched vibratory compactors. Vibratory Compactors AP-PC400 / 700 / 1000 The new line of Plate Compactors are matched to Kubota excavators, in the 3-8-ton size range.
These versatile tools effectively compact soil and aggregate in open trenching, leveling, and embankment construction applications. These compactors are durable and ready for everyday use by construction crews in concrete applications and municipality work.
The Rooster Asset Tracking System
By Rooster
RoosterThe Rooster Asset Tracking System is an equipment management tool that captures powered, unpowered and heavy equipment activity and automates reporting. The Rooster Asset Tracking System consists of Rooster Hubs and Rooster Activity Trackers. Rooster Hubs are data portals that connect to the cloud through an LTE-M cellular connection to deliver GPS location and activity data. Rooster activity trackers are small, rugged devices that, once installed to a piece of equipment, capture activity on a minute-by-minute basis, for up to 5 years, and relay that data to the nearest Rooster Hub. The activity tracker data transmits through most concrete and metal to any Rooster Hub within a 1/2 mile using a long-range, low-power pairing protocol based on the LoRa communications standard and protected by more than a dozen patents issued and pending.
The paints and coatings industry is witnessing a transformative phase, driven by a multitude of factors including technological advancements, evolving consumer preferences, and increasing demand from various end-use sectors. With a projected revenue of USD 286.7 billion by 2032 and a steady Compound Annual Growth Rate (CAGR) of 4.6% from 2024 to 2032, the global paints and coatings market is poised for significant expansion. In this comprehensive analysis, we delve into the key highlights, regional insights, product segments, applications, and emerging trends shaping the trajectory of this dynamic industry.
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Regional Dynamics:
The Asia-Pacific region emerges as a frontrunner in the paints and coatings market, commanding a substantial market value of around USD 67 billion in 2022. This growth can be attributed to rapid industrialization, urbanization, and infrastructural development across countries like China, India, and Southeast Asian nations. Meanwhile, Europe showcases robust growth prospects, with a projected CAGR exceeding 5% from 2024 to 2032, fueled by increasing investments in research and development, stringent environmental regulations, and a burgeoning construction sector.
Paints & Coatings Market Segmentation
Paints & Coatings Resins
• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Polyester
• Others
Paints & Coatings Products
• Waterborne
• High solids/radiation curing
• Powder
• Solventborne
• Others
Paints & Coatings Applications
• Architectural & Decorative
• Non-Architectural
o Automotive & Transportation
o Wood
o General Industrial
o Marine
o Protective
o Others
Paints & Coatings Market Players
Some of the top paints & coatings companies offered in our report includes The Chemours Company, RPM International Inc., Sika AG, Kansai Paint Co., Ltd., Henkel AG & Company, KGaA, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Beckers Group, BASF SE, Hempel A/S, and 3M.
Emerging Trends:
One of the most prominent trends shaping the paints and coatings industry is the integration of nanotechnology to enhance performance and durability. Nanocoatings, characterized by their ultra-thin film thickness and exceptional properties, including scratch resistance, UV protection, and self-cleaning capabilities, are revolutionizing various sectors such as automotive, aerospace, and electronics. Moreover, nanotechnology enables precise control over material properties, facilitating the development of customized coatings tailored to specific applications and performance requirements.
Furthermore, the industry is witnessing a paradigm shift towards sustainable practices, driven by regulatory mandates, consumer preferences, and corporate sustainability initiatives. Manufacturers are increasingly investing in research and development to formulate eco-friendly coatings with reduced carbon footprint, biodegradable components, and recyclable packaging. This sustainability-driven approach not only addresses environmental concerns but also fosters brand loyalty and enhances market competitiveness.
Paints & Coatings Market Table of Content:
CHAPTER 1. Industry Overview of Paints & Coatings Market
CHAPTER 2. Research Approach
CHAPTER 3. Market Dynamics And Competition Analysis
CHAPTER 4. Manufacturing Plant Analysis
CHAPTER 5. Paints & Coatings Market By Resin
CHAPTER 6. Paints & Coatings Market By Product
CHAPTER 7. Paints & Coatings Market By Application
CHAPTER 8. North America Paints & Coatings Market By Country
CHAPTER 9. Europe Paints & Coatings Market By Country
CHAPTER 10. Asia Pacific Paints & Coatings Market By Country
CHAPTER 11. Latin America Paints & Coatings Market By Country
CHAPTER 12. Middle East & Africa Paints & Coatings Market By Country
CHAPTER 13. Player Analysis Of Paints & Coatings Market
CHAPTER 14. Company Profile
Conclusion:
In conclusion, the global paints and coatings market presents a landscape ripe with opportunities and challenges, propelled by evolving consumer demands, technological innovations, and regulatory dynamics. With robust growth projections, particularly in regions like Asia-Pacific and Europe, and transformative trends such as nanotechnology integration and sustainability initiatives, the industry is poised for sustained expansion in the coming years. Stakeholders across the value chain must adapt to these changes, embrace innovation, and adopt sustainable practices to thrive in this dynamic marketplace. As the industry continues to evolve, collaboration, agility, and foresight will be crucial in navigating the complexities and unlocking the full potential of the paints and coatings market.
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Asian Paints’ Case Study and analysis 2022: Asian Paints is the largest and leading Indian paint company. In this article, we will look into the fundamentals of Asian Paints, focusing on both qualitative and quantitative aspects. Here, we will perform the SWOT Analysis of Asian Paints, Michael Porter’s 5 Force Analysis, followed by looking into Asian Paints’ key financials. We hope you will find the Asian Paints’ case study helpful.
Disclaimer: This article is only for informational purposes and should not be considered any kind of advisory/advice. Please perform your independent analysis before investing in stocks, or take the help of your investment advisor. The data is collected from Trade Brains Portal.
About Asian Paints and its Business Model
Asian Paints is India’s 1st largest, Asia’s 3rd largest and the world’s 9th largest paint company. It has been setting a high standard of operational efficiency, management, world-class innovation and technological vision for the last 7 years.
The paint industry is divided mainly into two segments viz. Decorative and Industry. The Decorative segment includes household paints (interior wall finishes, exterior wall finishes, enamels and wood finishes) and is undeniably dominated by Asian Paints in India. The Industry segment includes industrial paints, automotive coatings, OEM paints, powder coatings etc., in which Asian Paints comes at 3rd place after Kensai Nerolac and Akzo Nobel.
The decorative segment is less technology-dependent due to which some unorganized players also eat up a small fraction of the market share. However, the industry segment is highly technology-dependent and entirely have organized players.
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Asian Paints holds a global presence by operating in 15 different countries and owning 26 paint manufacturing plants across the globe. In India, it has a robust distribution network of suppliers. To improve its margins and operational efficiency, the company chose dealers over distributors.
Currently, the company has 70,000+ shopkeepers across the nation. It has also been enhancing its dealers for the past 40 years. Asian Paints has a phenomenal supply chain as it carries out around 2.5 – 3 lakh deliveries per day and its trucks visit the dealers around 4 times a day.
Asian Paints’ Industry Analysis
The paint industry runs parallel to the GDP and economy. Considered as discretionary spending, as the GDP increases so does the spending capacity of the people. In the past, this industry has seen double-digit growth in terms of both, value and volume, and this is why it has always traded at premium valuations in emerging economies.
For the last two years, there has been a constant rise in the market share by organised players. Currently, the ratio is around 70:30 between organised and unorganised players, and with the technological innovation and proper GST implementation, this market share is expected to rise to 85% in the next couple of years.
The paint industry of India is expected to witness a phenomenal rise in the coming years considering India’s latest per capita consumption (of around 4.1kg) as compared to that of the world (15kg.) This data provides a vast scope for the paint industry to grow in India.
The paint industry is a raw material intensive industry. Especially in the case of India, most of the raw materials are imported from other countries. With the government imposing import bans and promoting the self-reliant mission, the supply is expected to come from within the country in the coming years, which will be a boon to this industry and it will see a tremendous rise in operational margins.
Michael Porter’s 5 Force Analysis of Asian Paints
1. Rivalry Amongst Competitors
The 65% paint industry is dominated by the organized sector which includes 4 companies (Asian Paints, Berger Paints, Kansai Nerolac and Akzo Nobel). As it is a raw material intensive industry, the distribution network plays an important role; hence a very tough competition is observed among the competitors.
2. A Threat by Substitutes
In earlier days, limewash was used as an alternative to paints. However, in the modern era, the trend is entirely getting shifted to paints. Hence, the threat to substitutes is very low.
3. Barriers to Entry
The Industry segment is totally governed by technological developments, which limits the entry of unorganized players owing to the high R&D expenditure.
Established players have a well-developed and trusted distribution system, which will be very difficult for a new entrant to break.
4. Bargaining Power of Suppliers
Paint manufacturing requires more than 300 raw materials, of which the maximum is imported. Titanium oxide, which constitutes 25% of the raw materials, is facing a shortage of supply. 50% of the same is crude-based products which see high volatility in prices. Hence, the bargaining power of suppliers is very high in the paint industry.
5. Bargaining Power of Customers
With almost similar products offered by 4 different companies of an industry, it becomes price-sensitive; hence, customers enjoy high bargaining power.
The industry segment attracts technologically enhanced companies with a robust supply chain, which is not offered by many; hence, customers do not possess much bargaining power in this segment.
Asian Paints’ SWOT Analysis
Now, moving forward in our Asian Paints case study, we will perform the SWOT analysis.
1. Strengths
Right after setting foot in the paint industry, Asian Paints chose dealers instead of distributors and wholesalers. This decision has turned out to be a boon for the company as the distributors demanded a 20% margin whereas now only 3% margin goes to the suppliers.
Technological Development is the sector where Asian Paints have been investing for decades. Asian Paints bought a supercomputer worth 8 crores in 1970, which is ten years before ISRO did it. It collects almost double the data than its competitors and forecasts the trend with more than 97% accuracy.
2. Weaknesses
The penetration of Asian Paints in the industry segment is far too low, and it faces stiff competition from already strong Kansai Nerolac and Akzo Nobel.
Despite being the 9th largest paint company in the world, the global business of the company is far below average with the exception of Bangladesh, Nepal and UAE.
3. Opportunities
Asian Paints states that they aim to enter the list of top 5 paint companies of the world. This could be achieved by focusing on the emerging economies of the world.
Considering the market share, Asian Paints has an opportunity to increase its market share in the industry segment as it requires world-class technology which the company can very easily afford.
Government policies (like the extension of CLSS), rapid urbanization and easy availability of home loans will increase the demand for paint. With its strong distribution network, innovative products and total home solutions, Asian Paints can be hugely benefitted.
4. Threats
With new players like Indigo Paints and already established players, Asian Paints faces stiff competition. In the global market too, the world-class technologically innovative players dominate the market share.
As most of the raw materials for manufacturing paint are imported, the company may face operational disruption during circumstances like a pandemic, country tensions, etc.
The visionary founder of Asian Paints, Mr Chamaklal Choksi laid the stone of efficient management in the company. From its incorporation to this date, Asian Paints has been setting standards in management qualities, and this is one of the reasons it has been one of the biggest wealth creators of all time in India.
Being a visionary and understanding the importance and future of technology, Mr Choksi bought a supercomputer worth Rs 8 Crores, back in 1970 before ISRO (after 10 years) and IIT Bombay (after 21 years) did, to collect various data, forecast the sales, efficient changes and customer interest. This custom of pure management is still going on in the company.
The newly appointed MD and CEO Mr Amit Syngle owns just 600 shares of the company (the previous one, Mr KBS Anand owned mere 270 shares). The board of Asian Paints enjoys broad expertise and vast experience.
Financial Analysis of Asian Paints
85% of the company’s revenue comes from the decorative segment. In FY20 company launched various value for money emulsions which helped the company to gain more market share.
2.5% of the company’s revenue is incurred from the Industrial coating Business. The company is a market leader in auto refinish segment and stands at the second position in the OEM segment.
2.5% of the total revenue constitutes from the home improvement business. Recently, the company is trying to enter complete home solutions like sanity ware, kitchen and living area under the brands ap royal bathrooms.
International Business accounts for 11% of the total revenue generated by the company, and in FY20, the company improved the product value proposition in the key markets like Egypt, Bangladesh, Sri Lanka etc.
42% market share of the Indian Paints Industry is dominated by Asian Paints, which makes it a leader of the industry, followed by Berger Paints (12%), Kansai Nerolac (7%), Akzo Nobel (5%) and Indigo Paints (2%). 33% of the market share is acquired by other small and unorganised players.
Asian Paints beats its competitors in profitability with an NPM of 10.42. [Berger Paints (9.51) and Kansai Nerolac (5.64%); Source: Trade Brains Portal]
The company has seen steady rise in revenues and net profits over the years.
Asian Paints’ Financial Ratios
1. Profitability Ratios
Asian Paints has EBIDTA Margin of 13.97%, which is constantly rising from the last few years and it is the highest among its peers. The recent decline from 19.08% in FY21 to 13.97% in FY22 is mainly due to rising crude prices.
Asian Paints has been constantly delivering a massive RoE of above 25% for a lot of years. The current RoE stands at 22.95%.
For the FY20 the RoCE is standing at a massive 30.65%. However, there has been a decreasing trend in RoCE for the last couple of years mainly due to rising balance of reserves.
2. Leverage Ratios
Current Ratio for the FY22 is 2 for the company, which has seen continuous improvement for the last couple of years. Current Ratio above 1 is considered healthy.
The Company is almost debt-free with Debt-to-Equity ratio of a mere 0.06. It means the company is funding additional projects from the equity.
The quick ratio of the company is 0.96 for the latest financial year. Although liquidity has not improved in the last few years, it has maintained a threshold requirement.
3. Efficiency Ratios
Asset turnover Ratio has seen a continuous fall from FY 16(1.83). Currently, the ratio is 1.25. However, there has been a similar fall for the entire peers of the industry and Asian Paints still has a better figure than the peers.
The inventory turnover Ratio for the FY22 is 3.05, which is the highest among the peers. However, an entire industry has seen a fall in this ratio from the last few years.
The number of payable days has decreased from the previous fiscal year (119 to 96), which shows the supplier’s bargaining power over the company, whereas the receivable days are continuously increasing from the last few years indicating stiff competition.
Shareholding Pattern of Asian Paints
Promoters hold 54% of the company with around 10.67% of pledging. Promoter holding has been constant for the last few quarters and pledging of shares has also reduced from 12.53% in December 2019 to 11.08 % in March 2022. Nevertheless, pledging above 10% is an alarming sign.
A constant increasing trend has been seen in the case of FII holding for the last few quarters (barring present quarter) with a shareholding of 19.45% in March 2022.
DIIs own nearly 7.62% of the company. However, a constant decreasing trend has been seen in the DII shareholding in Asian Paints for the last few quarters.
Public Holding has been more or less the same in Asian Paints of around 19-20%.
Closing Thoughts
In this article, we tried to perform a quick Asian Paints’ case study. Although there are still many other prospects to look into, however, this guide would have given you a basic idea about Asian Paints.
What do you think about Asain Paint fundamentals from the long-term investment point of view? Do let us know in the comment section below. Take care and happy investing.
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For more than a decade, Bea Interiors Design has offered a full range of services including conceptual design, custom furniture and finishes, project coordination, art procurement and installation, and lighting and furniture design. Founder Bea Pernia is intimately involved in each of her projects from ideation to completion, collaborating with clients, architects, artisans, and contractors to craft meaningful solutions—always with precision, flexibility, attention to detail, and genuine passion.
Pernia expertly applies her artistic sensibility to craft novel, harmonious aesthetics that follow her passion for interior and product design. Viewing each project as a unique opportunity to explore fabrics, textures, contrasts, shapes, and materials in order to realize the vision of her client, she often experiments with natural woods, lush textiles, leather, metal, and reflective surfaces. The outcome infuses natural elements with timeless elegance for a look that is at once clean and modern.
The great room of a beach estate on the private island of Jumby Bay, off the coast of Antigua, was designed by Studio IDC to blend seamlessly with its location.
Michael Stavaridis courtesy of Studio IDC
Studio IDC is a boutique, second-generation, family-owned interior design firm offering turnkey services to luxury residential and hospitality clientele throughout South Florida and the Caribbean. Drawing on cultural influences, locality, and client lifestyles, Studio IDC aims to curate visually exquisite and functional spaces. The firm’s licensed designers and in-house procurement specialists are attuned to each client’s bespoke needs, ensuring smooth communication throughout the design process.
Celebrating its 25th year in business, Studio IDC originated on the fundamental belief that successful interior design is the product of tailored and collaborative synergy. Led by chief designer Todd Tyler’s passion for stunning, experiential design, the studio’s goal is to form lasting relationships with clients, vendors, and partners equally inspired by seamless spaces—whether it’s their holiday home or a five-star hotel project.
The founders of B+G Design created the interiors for their own home at Ten Museum Park, which recently featured in a Maluma music video.
A legendary architect is now building homes from beyond the grave — sort of.
Seattle-based Lindal Cedar Homes is now selling house kits inspired by the late, respected American architect Frank Lloyd Wright, who passed away at age 91 in 1959 — and whose celebrated existing homes come in rare supply.
Since launching the designs in partnership with the Frank Lloyd Wright Foundation and the School of Architecture at Taliesin in 2018, 10 kits from the Lindal Imagine Series, as the designs are known, have been sold, the Wall Street Journal first reported.
The interior of the Crystal Springs model. John Muggenborg Photography / Lindal Cedar Homes
Of those, four have been completed so far.
“In the Lindal Imagine Series, we wanted to modernize the homes themselves while remaining respectful of Frank Lloyd Wright’s Usonian designs and underlying principles,” Aris Georges, a graduate of the Frank Lloyd Wright School of Architecture and home design professional for Lindal Cedar Homes, explained to The Post. “In a Usonian home, the walls are independent elements around which space flows like water around a boulder, not like confining boxes. Walking through the house should be like taking a walk in the forest.”
The series includes nine designs to choose from, including a three-bedroom, 2.5-bathroom called Crystal Springs based on Wright’s Bachman-Wilson home; the 1,256-square-foot Mirror Lake, based on Wright’s Seth Peterson cottage, his final Usonian design; and the one-bedroom, one-bathroom Highland Park, an original Usonian design by Lindal.
A rendering of the Highland Park kit. Courtesy of Lindal Cedar HomesA rendering of what the Highland Park kit’s interior might look like. Courtesy of Lindal Cedar HomesThe Mirror Lake model. Courtesy of Lindal Cedar HomesA rendering of a Mirror Lake model’s could-be interior. Courtesy of Lindal Cedar Homes
One kit buyer, a 60-year-old father of four named Mark Lloyd, purchased the Crystal Springs model and found setting it up to be a good time.
“It was fulfilling and it was fun,” he told the Journal of setting up the house, for which he did the majority of the electrical work himself.
Lloyd paid slightly less than $300,000 for his kit in 2019. A current buyer would reportedly pay 40% more today. However, considering the price of most modern houses, let alone ones with as high-minded a design sense as a Frank Lloyd Wright, it’d still arguably be a steal in this economy.
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