Paint Rollers Market 2020 - Growth Projection, Trends Insights and Business Strategies to 2025
Category: #headlines  By Rahul Varpe  Date: 2020-06-08
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Paint Rollers Market 2020 - Growth Projection, Trends Insights and Business Strategies to 2025

In an era dominated by digitization and online product & service promotions, lifestyle websites like Pinterest that provide thousands of DIY ideas have been the driving force for home decor enthusiasts, many of whom prefer paint rollers over paint brushes, given that these products provide a better finish and facilitate easy usage with minimal wastage of paint. Easy applicability is one of key reasons for the development of paint rollers market popularity, since consumers find it much easier to use a paint roller themselves than spending a ton on hiring professionals to do the job.

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Countries witnessing exponential growth in the industrial and residential sectors across the Asia Pacific, particularly Australia, India and China, have a major role to play in APAC paint rollers market growth. As per estimates, Asia Pacific accounted for 55% of the overall paint rollers market share in 2017. The robust demand for residential buildings will further drive this regional industry, as per analysts.

The prevalence of research and development activities in paint rollers market, coupled with the ease of application, lack of wastage of product and wide field for usage, have led to these products gaining mainstream approval. With global infrastructure expenditure projected to exceed USD 9 trillion by 2024, the growth rate of the paint rollers market over the forthcoming years is forecast to be rather appreciable, given its projected demand across the construction sector.

The robust growth of the construction sector is one of the key drivers propelling paint rollers market expansion. Paint rollers, arguably one of the most handy décor components, are used extensively for both indoor and outdoor painting purposes across the residential, commercial and industrial arenas. It comes as no surprise that rapid urbanization of the Asian countries and the stabilization of the American building and construction sector has amplified the demand for paint rollers, thereby impelling paint rollers industry trends.

Paint Rollers Market, By Application: -

  1. Construction
  2. Appliances
  3. Furniture

Growth Drivers: -

  1. Rising construction of commercial & residential buildings
  2. Expansion in global automotive industry

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Post the housing market slump in the U.S. after 2009, the region has witnessed a surge in residential investments, as the owner-occupied real estate sector has once again gained prominence. The region has also observed a dramatic rise in the nuclear and single-family trend, substantially increasing the need for housing, which would ultimately impel the regional paint rollers market outlook. The U.S. government, it is observed, has also been offering support to new construction projects in the form of tax deductions and favorable FDI policies. Overall, it would not be incorrect to state that the U.S. housing and construction sector has been traversing along the graph of normalcy. As per estimates, the U.S. construction spending is expected to register a CAGR of 6% over 2016-2020, a fact that will directly influence the growth of the regional paint rollers industry.

The global industry share is highly fragmented with presence of large number of regional and global players. The key participants included in paint rollers market are:

  1. Work Tools International
  2. Purdy
  3. Beorol
  4. Rust-Oleum
  5. Linzer products Corp.
  6. Wooster
  7. Magnolia brush
  8. Stanley

Focus on product innovation and distribution channel expansion are among the key strategies observed in the paint rollers market.

 

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. 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 ...

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