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Three major trends favoring painting tools market expansion by 2026

Author : Rahul Varpe | Published Date : 2021-01-15 

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.

Companies operating in the painting tools business are now developing advanced products. For example, in 2017, painting tools manufacturer, Nespoli Group received an award for its innovative painting tool, RollMatic, a simple click system which automatically releases the roller sleeve from the roller handle. Fueled by such developments, Global Market Insights, Inc., suggests that the painting tools market is expected to register USD 12 billion by 2026.

Mentioned below are some of the key trends that may propel painting tools industry outlook:

  1. Increasing application of spray guns

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.

  1. Robust demand from the furniture industry

Coating of furniture is majorly done using two methods, i.e. dip and spray techniques. Furniture needs less contaminant resistance and is made using a combination of tools having low consumption and reliability of the process. Furniture also needs refurbishing with new paint over time. With easy drying and less processed treatment time required with new painting tools, the furniture industry is projected to record a CAGR of 4.5% by 2026.

  1. Latin America emerging as a lucrative business ground

Latin America is anticipated to witness substantial demand for painting tools 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.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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