The painting tools market is expected to register notable gains by 2028 due to the expanding automotive industry across the globe.
Painting and coatings make products visually appealing and provide an added layer of protection and durability to products without adding any significant weight. Prevalent use of painting and coatings in varied applications has bolstered product uptake in recent years. Additionally, increasing adoption of flexible packaging solutions that utilize coated barrier systems, which enhance the recyclability and reusability of the packaging, has propelled market expansion.
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The painting tools market has been segmented based on application, product, and region. With respect to product, the market has further been bifurcated into masking tapes, brushes, spray gun, rollers, trays, scrapers, knives, and others (extension poles, sanding tools, trowels).
The brushes sub-segment is projected to grow at a CAGR of around 5.4% in terms of revenue over the assessment period. Paint brushes are one of the most fundamental and oldest tools that are used for painting. Brushes are utilized to paint corners, walls, and ceilings, which is not possible with rollers and spray guns. Paint brushes are classified on the basis of types of bristles, shapes, and sizes. Surging demand for paint brushes with high-quality natural or synthetic bristles that deliver a smooth finish and provide a comfortable grip is likely to drive segmental growth in the forthcoming years.
From the application perspective, the painting tools market has been divided into packaging, construction, industrial machineries & equipment, residential, furniture, commercial, appliances, industrial, and automotive.
The packaging sub-segment is slated to reach a substantial valuation by 2028, expanding at a CAGR of approximately 3% through the review timeline. Paints and coatings provide all the features required for primary and secondary packing, including high performance, lightweight, low contamination, and airtightness. Packaging items use about 70% less plastic as well as take up lesser space than rigid packaging options. In addition, the use of improved paints and coatings on these packaging helps in protecting the goods from outside influences, which is estimated to boost product demand over the forthcoming years.
On the regional front, the Middle East & Africa painting tools market is poised to see robust expansion at a CAGR of more than 4.5% over the forecast period owing to high infrastructure spending and widespread post-war construction activities. The MEA painting tools market is dominated by Saudi Arabia and South Africa in terms of market share, with Saudi Arabia emerging as the fastest expanding market in the region. Notably, the booming domestic construction industry would bolster paint consumption, which is likely to drive regional market growth. Moreover, economic diversification and the growing tourism sector in the region are set to augment industry uptake over the upcoming years.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Painting tools industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
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