The commercial segment is expected to acquire more than 15% construction painting tools market share by 2028, in terms of volume. The increase in infrastructure projects as well as the constant support of public-private partnerships are the main factors driving the growth of the commercial construction industry. What’s more, North America is experiencing a meteoric rise in the construction of non-residential buildings such as housing, offices, retail, healthcare, public safety and educational facilities.
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The panting trays market segment will observe a CAGR of around 4% through 2028. The panting trays are used during painting to facilitate brushing inside corners and cutting along the ceiling. These days, trays come in reusable plastics that can hold paint for brushes and rollers. It also enables even application of paint to the rollers, thus providing a superior finish, which will accelerate the growth of the industry.
the Asia Pacific The painting tools market is expected to grow at a growth rate of over 5% through 2028. The infrastructural advancements in China, Japanand India positively stimulate the penetration of the products in the regional industry. Infrastructural developments in the commercial and industrial sectors of China should experience healthy growth. The resurgence of residential construction projects in emerging countries is further contributing to growth. Increased public spending on advanced and green infrastructure is likely to present potential growth opportunities in the coming years. Untapped potential associated with increased foreign investment is expected to boost construction spending in the region over the next seven years.
Prominent participants in the painting tools industry are launching new products to enhance their product offering. For example, in January 2019Purdy launched its new line of brushes at Sherwin-Williams stores.
Some of the key findings of the Painting Tools Market report include:
- The ongoing COVID-19 pandemic may force many paint tool manufacturers to lower the price of their products. Additionally, many Tier I market players are focused on consolidating capacity rather than short-term expansion to preserve cash.
- Rising applications of decorative paints and industrial protective paints are expected to fuel the market demand. Products with decorative patterns are expected to see strong demand; hence, increasing product penetration. In addition, the growing demand for wood and furniture coatings is expected to further expand the product range.
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Partial chapters of the table of contents (TOC) of the report:
Chapter 2 Executive Summary
2.1 360° Overview of the Global Painting Tools Industry, 2018-2028
2.1.1 Trade trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Global Paint Tools Industry Outlook
3.1 Industry Segmentation
3.2 Industry Landscape, 2018 – 2028
3.2.1 Impact of COVID-19 on the industry landscape
3.3 Industry Ecosystem Analysis
3.4 Industry Best Practices and Key Buying Criteria
3.5 Future trends, including the impact of COVID-19
3.6 Price Analysis (including impact of COVID-19)
3.7 Regulatory landscape
3.8 Industry impact forces
3.8.1 Drivers of growth
3.8.2 Industry Pitfalls and Challenges
3.9 Growth Potential Analysis, 2020
3.10 Global Paints and Coatings Market Outlook
3.11 Commodity Trends
3.12 Innovation & sustainability
3.13 Porter’s analysis
3.14 Company Market Share Analysis, 2020
3.15 PILON analysis
About Global Market Insights
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