The technical specifications of coating tools are very wide, and some can also be customized, highlighting their functionality, reliability and flexibility. Coating tool manufacturers also improve various functional designs through continuous innovation, so that products have a better experience in the DIY user market.
DIY in the painting industry is very popular in developed countries and regions such as Europe and the United States, and the painting tools are easy to operate and the price is reasonable. The study pointed out that the urbanization and economic and social development of developing countries and regions are the main driving forces for the development of the painting tools market. Data show that in the next few years, the global infrastructure construction cost is estimated to be about 9 trillion US dollars per year, and it will increase at an annual rate of 5%. The construction of housing, rail transit, communication facilities, highways and other fields is strong and the development of the coating tool market.
The analysis pointed out that painting brushes are the most widely used, with a market value of over $2 billion. The bristles used in the brush can be made of natural materials or synthetic materials, such as bristles, synthetic nylon bristles, etc. Different brush sizes can be matched according to different application occasions and paint varieties. For example, nylon-polyester composite brushes are suitable for both waterborne and solventborne coatings.
Forecasts show that by 2026, about 70% of painting tools will be used in construction. The sector can be subdivided into residential, commercial buildings, industrial buildings. The development of the construction industry is the main factor boosting the development of the coating tool market, especially in Asian countries and regions such as China, India, and Indonesia, the construction industry has developed more significantly.
Users are paying more and more attention to the performance of coating tools and reducing the need for recoating. In the construction field, brushes and roller brushes are mainly used, which are easy to use. With the development of urbanization, residential construction in general continues to increase, coupled with the construction of industrial buildings, the demand for painting tools increases. It is worth noting that fluctuations in currency exchange rates have caused fluctuations in raw material prices, which have an adverse impact on the coating tool market.
The compound growth rate of the coating tools market in the Asia-Pacific region will exceed 5.5% from 2020 to 2026, and the market will grow the fastest. The infrastructure construction in this region is conducive to the development of the painting tool market, especially the Chinese market, which has greater development potential.
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