The global paint rollers market size was worth USD 2,654 million in 2021. It is expected to reach USD 4,408 million by 2030, growing at a CAGR of 5.8% during the forecast period (2022–2030).
A paint roller is a tool for painting used to spread paint on large surfaces like walls and ceilings. The paint roller lets you paint large areas, ceilings, and furniture evenly and thinly. Paint rollers are more popular than traditional paint brushes because they can hold more paint and spread it on a surface much faster. The paint roller market is expected to grow due to the rapid growth of cities. The market is also growing because of increased government spending on building homes. Also, government programs that help the paint and painting tools industries offer good chances for the paint roller market to grow.
According to the WHO estimates and projections, the world's urban population is expected to grow by about 1.63% per year from 2020 to 2025 and 1.44% per year from 2025 to 2030. Estimations show that by 2025, there will be 4.3 billion people living in cities. According to the United Nations Economic and Social Commissions for Asia and the Pacific (UNESCAP), the number of people living in cities in the Association of Southeast Asian Nations (ASEAN) region has grown by 2.6% per year over the past five years.
Furthermore, more people moving into cities is likely to mean more construction, which will increase the need for painting and painting tools like paint rollers. The increase in FDI inflows and favorable Government policies are proving to be major driving factors in the paint rollers market growth. Increased Foreign Direct Investment (FDI) and good government policies are the most important things that drive the growth of any country's industrial economy since they lead to the creation of new industrial units.
Over the last few years, more FDI has been coming into countries worldwide. For example, the United Nations Conference on Trade and Development (UNCTAD) published a report on FDI flows worldwide in January 2020. This report says that the U.S. has received FDI worth USD 251 billion in 2019, while China has received FDI worth USD 140 billion in the same year. Such situations will likely give paint roller businesses around the world good chances to grow, which will help the market grow even more during the forecast period.
Metal, fabric, and others are some of the most critical raw materials paint roller makers use. Prices of raw materials like metals and fabrics change readily, affecting the price of paint rollers and the manufacturer's ability to generate sales. For example, if the price of steel, aluminum, or super alloy goes up, the price of roller handles will also rise, affecting the sales of paint rollers.
Even if the manufacturer does not pass on the higher cost, this will hurt the company's production capability. Furthermore, most of the time, the companies that supply the essential materials are large businesses that can pass on their higher commodity costs. This causes the prices of the materials to go up, which raises the prices of the inputs. Consequently, changes in the prices of raw materials will likely slow the market growth for paint rollers.
In the last ten years, the global economic slowdown in developed economies greatly affected the market share. But the growth of the paint rollers market is likely to be slowed by the constant changes in foreign currency exchange rates. The global economy also affects the manufacturing and production of chemicals, fabrics, metal, and glue used to make paint rollers. Fast-growing economies are driving the rapid industrialization and development of many industries, such as chemical, metal, fabric, and others. This, in turn, is expected to offset these price factors and give market players stable profit margins in the coming years.
Paints made and sold by companies like Sherwin-Williams, Asian Paints, PPG Industries, and Berger Paints are getting better and more expensive. This is what is driving the growth of the paint industry. Also, manufacturers keep putting out new types of paint for homes that are better for the environment and work better to improve their performance. So, the paint industry has done better since new paints and tools have been made available.
Population growth around the world, especially in Asia-Pacific, along with more spending on residential construction and improvements to commercial infrastructure in countries like China, India, Indonesia, and others, is expected to make this region an excellent place for the paint rollers market. Many companies that make paint use business growth as their primary way to keep up with the fierce competition and improve their product line.
For example, the Indian company Asian Paints Limited spent USD 314.8 million to build a factory in Karnataka, India, which can make 6 lakh K.L. per year. In the same way, JSW Paints planned to grow its paint production in Maharashtra by expanding a factory. Hempel, based in China, started building a new factory in Yantai Chemical Industrial Park, China, in May 2020. This was done to meet the growing demand for paint in the area, which shows the impeccable growth rate of the global paint rollers market.
The global paint rollers market share is segmented by fabric and frame size.
The paint rollers market size, when segmented by fabric, is classified into Synthetic and Blended Fabric.
Synthetic Fibers dominate the paint rollers market trend, growing at a CAGR of 6.7% during the forecast period. Fabrics for paint rollers are often made from synthetic fibers., such as polyester, nylon, rayon, acrylic, and other materials. Essentially, synthetic rollers are used with paints and coatings made of oil or water. They are also used widely because they can be made in large quantities, are less expensive, last longer, and do not break the bank.
The Blended paint rollers are made of two or more fibers woven together to make one fabric. The mixed paint roller is perfect for high-rise buildings because it can cover more space.
The global paint rollers market, when segmented by frame size, is classified into Shorter, Medium, and Large.
The Medium-Frame-Sized paint rollers are the largest shareholder and are expected to grow at a CAGR of 5.5%. The frame of a medium paint roller ranges from 4 to 9 inches. A traditional paintbrush cannot hold as much paint as a medium paint roller and cannot cover as much surface area. People often use medium-sized paint rollers to paint large areas because they are great for DIY wall painting inside and out. Hence, the construction industry is the primary market for medium-paint rollers.
The Shorter Frame Size is the second-largest segment. The frame size of a shorter paint roller is less than 4 inches. Most of the time, the shorter paint roller is used to paint furniture, walls, and ceilings with a rough surface. The rapid urbanization globally leads to the massive selling of paint brushes and rollers of shorter frames to reach intricate areas.
The Large Frame Size segment is the least contributing segment. The frame of a large paint roller is bigger than 9 inches. People often use large paint rollers to paint walls and ceilings with a large surface area.
The global paint rollers market share is primarily segmented into three regions, namely North America, Europe, and Asia-Pacific.
Asia-Pacific holds the leading position in the global paint rollers market and is expected to grow at a CAGR of 6.9% during the forecast period. Developing economies like China, India, and Indonesia result in high economic growth. Furthermore, the increased demand for residential construction and development in the paint industry in these countries is anticipated to boost the market further.
Europe is the second-largest region in terms of revenue generation. It is expected to reach USD 967 million by 2030, growing at a CAGR of 4.8%. The growth of the paint roller market in Europe depends on building homes and businesses. Since 2014, the European construction industry has been improving, with a slight increase of 0.9% in residential construction.
North America is the least revenue-generating region in the global paint roller market. However, due to the steady growth of the residential and commercial construction industries in North America, more people are using painting tools like paint rollers. This is the primary attribute driving the paint rollers market trends in North America.
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