Painting Tools Market

Market Overview

Global Statistics Representing Painting Tools Market Scenario

Painting tools are used in almost all industries — be it construction, automobile, electronics, industrial, or residential. An increase in urbanization and construction activities, along with higher infrastructure spending by various governments, is set to propel the growth for the painting tools market. Rapid advancement in technology and processes has led to the development of new and improved painting techniques. An increase in construction activities and renovation of old structures along with increased foreign direct investments in many countries is slated to accelerate the growth of the painting tools market.

Rising demand for smart cities and high investments in infrastructure in developing countries will further propel the growth of the market. For instance, the Pradhan Mantri Awas Yojana, an initiative by the Government of India, is aimed at providing affordable housing to the urban poor with a target of building 20 million affordable houses by March 31, 2022. Furthermore, a growing population and an increase in disposable income will act as catalysts and increase the demand for housing projects and in turn provide impetus to the painting tools market. The upsurge in electronics and automobile industries is also expected to impart to the growth momentum during the forecast period.

The global painting tools market was valued at USD 10 billion in 2018 and is expected to reach a value of around USD 25 billion by 2026 .

Growing Consumer Awareness and Rising Disposable Income

Rising consumer consciousness about the ill effects of paints containing Volatile Organic Compounds(VOC), which emit gases that are harmful to humans, has increased demand for non-VOC paints. The demand for heat-reflective coatings will also propel the demand for the painting tools market in the coming years.

Rising awareness about the link between the quality of life and infrastructure is a key factor driving the growth of the painting tools market in various markets of the world. An increase in the applications of paints and coatings with accurate finishing on consumer electronic products will further improve the industry demand. Moreover, rapid technological advancements relating to new and improved designs of painting tools, along with significant research and development investments, will act as a catalyst for demand.

Painting tools are economical, easy to use, and highly efficient; they are used to color any surface and used in various applications across industries. The different types of painting tools — brushes, spray guns, and rollers, among others — are used in construction, automotive, industrial, and other applications.

Regional Analysis

The Flourishing Construction Sector in North America

According to the Global Construction Perspectives and Oxford Economics, the U.S.’s construction market is set to grow faster than China’s over the next 15 years. Construction is the largest contributor to the U.S. economy; this, in turn, will propel the demand for the painting tools market in North America. Rising awareness about toxin-free paints and painting tools that are plastic-free is expected to drive demand in environment-conscious regions. Additionally, shifting consumer preferences towards design and aesthetics in homes and commercial settings will also boost the demand for painting tools.

Presence of Renowned Automobile Manufacturers in Europe

In Europe, rising demand from the automobile sector will boost the growth of the painting tools market. The presence of prominent automobile manufacturers in Germany, such as BMW, Audi, and Mercedes, is an important contributor to this market where spray guns are used to give appealing finishes to cars. These companies use the latest spray painting techniques to color automobiles and achieve appealing finishes. Spray painting tools register high demand in the automobile industry due to their high application speed, high versatility, greater productivity, accurate finish, and minimum wastage. The rise in luxury and personalized living spaces has increased the demand for various decorative painting tools, and shifting consumer preferences for aesthetics will further propel the demand. Spray guns are used for covering large surfaces with an even coating of liquid. They can be either handheld or automated and usually have interchangeable heads for different spray patterns.

Residential Infrastructure Investments in Asia-Pacific

Growth momentum in Asia-Pacific will be driven by construction and merchandise sectors. Governments of countries such as India and China are investing significantly in infrastructure to provide housing for all till 2022, and this resurgent investment is likely to increase the demand for painting tools during the forecast period. The merchandise sector is flourishing in China and other Asia-Pacific countries such as Indonesia and Bangladesh, which is seeing a rapid improvement in textile printing techniques that will drive the growth for the painting tools market.

Infrastructure Development in the Middle East

The Middle Eastern countries are seeing rapid development in infrastructure and construction industries, with a high number of malls being constructed in countries such as the UAE, which, in turn, will propel the market for the painting industry.

Painting Tools Market Segmentation

By Product Type

• Rollers
• Spray guns
• Brushes
• Knives
• Scrapers

By Application

• Construction
• Automotive
• Furniture
• Packaging, appliances
• Industrial machinery and equipment

By Region

North America

• U.S.
• Canada
• Mexico

Europe

• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

Latin America

• Brazil
• Argentina
• Colombia
• Rest of Latin America

Middle East

• Saudi Arabia
• Oman
• Qatar
• Bahrain
• UAE
• Rest of Middle East

Africa

• Nigeria
• Tanzania
• South Africa
• Ghana
• Rest of Africa