The Painting Tools Global Market Report 2023, provides comprehensive information on the painting tools market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Painting Tools Global Market Report 2023, the market is expected to grow from $10.84 billion in 2022 to $11.89 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The painting tools market is expected to grow to $16.64 billion in 2027 at a CAGR of 8.7%.
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Technological advancement is the key trend that is gaining popularity in the painting tools market. Major companies operating in the market are focused on developing advanced innovations such as DIY (do it yourself) solutions to increase their market share. For instance, in April 2022, AkzoNobel India, an India-based company operating in paints and coatings, launched Dulux Simply Refresh, a complete range of DIY (do it yourself) solutions under three categories – decorative paints, repair solutions, and painting kits. Dulux simply refresh spray paint is a user-friendly aerosol with low drip and low splatter technology that provides a gloss finish to all pre-painted surfaces, quick drying formulation, and waterproofing properties
The painting tools market is segmented:
1) By Product: Brushes, Rollers, Scrapers, Knives, Trays, Spray gun, Masking tapes, Other Products
2) By Application: Construction, Appliances, Automotive, Industrial Equipment and Machinery, Furniture, Packaging, Other Applications
3) By Distribution Channels: Online Channel, Offline Channels
Asia-Pacific was the largest region in the painting tools market in 2022.
The table of contents in TBRC’s painting tools market report includes:
1. Executive Summary
2. Painting Tools Market Characteristics
3. Painting Tools Market Trends And Strategies
4. Painting Tools Market – Macro Economic Scenario
5. Painting Tools Market Size And Growth
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26. Africa Painting Tools Market
27. Painting Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Painting Tools Market
29. Painting Tools Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Gordon Brush Mfg. Co Inc
- Milton Brushware
- Allway Tools
- Dura Paints
- Asian Paints Ltd
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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