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Painting Tools Market Trends

Report ID: GMI1843
Published Date: May 2023
Report Format: PDF

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Painting Tools Market Trends

Increasing construction of commercial & residential buildings across the world will bolster product adoption through 2032. The growing housing demand and infrastructure investment, smart city projects, and higher construction spending in developed countries are likely to propel the business scenario. This can be attributable to population growth, environmental effects, and urbanization globally. In May 2023, the U.S. government announced an investment of USD 220 billion in 70 new construction projects. The ability to offer excellent integration, planning, and designing, together with the provision of efficient building technologies, are key drivers of industry growth

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global Market size for painting tools was valued at more than USD 10 billion in 2022 and will progress at over 5.5% CAGR between 2023 and 2032 propelled by the growing popularity of DIY projects and increased investments in the construction sector.

The painting brushes segment is estimated to showcase a 6% CAGR over 2023-2032 as a result of its quality natural or synthetic bristles, which help in delivering a smooth finish and provide a comfortable grip.

Painting tools industry size from the construction application segment will surpass USD 12.95 billion by the end of 2032 owing to long-term maintenance of buildings and infrastructure and new developments in the sector.

Europe painting tools industry is slated to account for over USD 4.5 billion by 2032 on account of Rising awareness of green construction and smart infrastructure in the region.