Views: 0 Author: Site Editor Publish Time: 2021-06-05 Origin: Site
Technological enhancement in rollers and brushes
In the product segment, brushes valued at the highest share which accounted for nearly US$555.9 million in 2017. Paint brushes considered the most basic tool used for painting, which provides advantages of excellent control, greater detail, adhesion, and uniform coverage. Technological advancement in the manufacturing of painting brushes has given consumers the option of customized brush bristles of varying sizes and purposes. Growing preference for painting tools to enhance the aesthetic finishing of residential and commercial buildings will uplift their demand in the coming years.
There were nearly 44.4 million units of rollers sold in 2017 and this selling trend is expected to augment industry growth in the upcoming years. The benefits of the easy release of paints, the ability to hold more paints, and the smoother finish offered by painting rollers have increased their usage in the construction industry. Enhancements in the product’s design including painting rollers with attached paint tanks and ease in cleaning bristles will augment user experience and uplift the demand.
Robust application demand in the construction sector
The painting tools market share in North America from the construction industry accounted for nearly 75% in 2017. Tools like brushes and rollers are widely utilized in the construction sector for easy and fast application of paints on buildings. Rising infrastructure investment by the government and organizations is likely to influence demand for the product.
Reportedly, on account of continuous investment by numerous international firms, infrastructure spending New York City was expected to grow by more than US$34 billion between 2017 and 2019. Such investment will encourage mass construction activities in the region which will further augment demand for painting tools.
Flourishing automotive and painting tools industry in the U.S.
The U.S. painting tools market accounted for the largest share at US$1,092.2 million in 2016. The rising awareness pertaining to the advantages of paints and coating for the development of green building initiatives and growing inclination towards aesthetic finishing of buildings will propel regional industry growth. Also, favorable government norms supporting the sector, increased infrastructure investment, and the presence of leading companies functioning in the painting tools industry will provide a sustainable regional market environment.
The industry share from the automotive sector is expected to expand painting tools market size in the coming years, owing to the widespread application of the product in improving the aesthetic appearance and sustainability of automobiles. Also, consistent demand for enhanced paint and coating finish from the aftermarket applications is anticipated to augment the overall industry growth.
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Prominent companies in the painting tools industry are Gordon Brush, Richard Tools, Mill Rose, Hyde Tools, Allyway Tools, Purdy, and Premier rollers. The market is highly competitive due to growing emphasis among several multinational and local players towards extensive R&D activities to develop advanced products and gaining a competitive advantage.
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