Painting Tools Market Report 2021 | Regional Analysis & Growth Forecast to 2026
Latin America is anticipated to witness substantial demand for painting tools market over the forecast period owing to the presence of investors looking to diversify their real estate portfolio. These investments are likely to increase the construction spending for residential sectors and offices. Construction spending is also rising for affordable housing programs. Industrial development initiatives in Argentina, Mexico, and Brazil are expected to fuel product requirement.
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Surging infrastructural investments in the construction sector could generate new growth strides in the painting tools market over the coming years. Technological innovations made in painting tools could enable its user-friendly application, easy cleaning, reusing of the tools, lower wastage of paint and reduce work effort by laborers across diverse industries. The need for better coating methods in high industrial requirements may drive investments in research and development of painting tools over time.
Painting tools are made using a range of raw materials depending on the applications they are to be used for and on the price the customer is willing to pay for the products. Polypropylene, nylon, lamb’s wool, foam rollers, stainless steel, and polyester are some of the raw materials commonly used in painting tools. Most of the materials needed for manufacturing painting tools include synthetic products. The painting tools market is expected to register USD 12 billion by 2026.
Industries like automobile and furniture mostly prefer spray painting tools. Spray guns are used by painting professionals who apply paints to appliances, decorate the appliances and work on high-speed applications. Spray guns are easy to clean after use and their parts are easy to replace, features that are driving their demand. Estimates suggest that the spray guns segment is likely to register a CAGR of 5% in the upcoming years. However, consumer unawareness and large capital requirement are some challenges that could confine product adoption.
Painting tools market share from furniture applications is likely to witness CAGR of around 4.5% through 2026. The overall growth of paint tools industry can be linked to the recovery of the housing market, stimulating demand for table, chair, bed and shelves. In a bid to negate the effects of bacteria, fungi and bugs in furniture, demand for paints to protect its life and provide an aesthetic look has become noticeable in recent years.
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Some Point from Table of Contents:
Chapter 4 Painting Tools Market, By Product
4.1 Global painting tools industry share by product, 2019 & 2026
4.2 Brushes
4.2.1 Market estimates and forecast, 2016 – 2026
4.2.2 Market estimates and forecast, by region, 2016 – 2026
4.3 Rollers
4.3.1 Market estimates and forecast, 2016 – 2026
4.3.2 Market estimates and forecast, by region, 2016 – 2026
4.4 Scrapers
4.4.1 Market estimates and forecast, 2016 – 2026
4.4.2 Market estimates and forecast, by region, 2016 – 2026
4.5 Knives
4.5.1 Market estimates and forecast, 2016 – 2026
4.5.2 Market estimates and forecast, by region, 2016 – 2026
4.6 Trays
4.6.1 Market estimates and forecast, 2016 – 2026
4.6.2 Market estimates and forecast, by region, 2016 – 2026
4.7 Spray gun
4.7.1 Market estimates and forecast, 2016 – 2026
4.7.2 Market estimates and forecast, by region, 2016 – 2026
4.8 Masking tapes
4.8.1 Market estimates and forecast, 2016 – 2026
4.8.2 Market estimates and forecast, by region, 2016 – 2026
4.9 Others (extension poles, sanding tools, trowels)
4.9.1 Market estimates and forecast, 2016 – 2026
4.9.2 Market estimates and forecast, by region, 2016 – 2026
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