Press release
U.S. Painting Tools Industry to reach $1800 Million by 2024
Asia Pacific painting tool industry is set to witness growth over 6% through 2024. Infrastructural advancement in China, Japan and India positively stimulates product penetration in the regional industry.
Germany accounted over 15% of Europe painting tools industry in 2016. Presence of major automobile brands including BMW, Mercedes-Benz, Volkswagen, Porsche, Opel and Audi in the country makes it a substantial contributor in European automotive industry. Russia is expected to surpass 20% of the regional industry share by 2024.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1843
Growing urbanization along with increasing infrastructure spending is anticipated to drive painting tools market growth. Increase in government spending in tourism, commercial & building renovation coupled with rise in retail industry has positively influenced the product demand.
Construction applications is projected to surpass USD 10 billion by 2024. Rising population, ongoing industrialization, expanding foreign investment funding across developing economies will fuel the painting tools industry. Globally, construction industry is projected as one of the most lucrative industries in the coming years and is forecast to have 4.5% growth rate in next five years.
Rising demand for corrosion resistant and attractive textures in residential & commercial building are the preliminary factors driving painting tools demand. Increasing architectural paint & coatings application in commercial buildings to enhance aesthetic appearance will boost product penetration.
Rise in the global purchasing power parity from USD 13,100 in 2013 to USD 15,800 in 2015 provides a positive outlook for consumer goods industry. Increasing application of coatings on consumer electronics products will stimulate demand.
High painting tools industry price trend along with limited consumer awareness regarding the product usage may hamper business growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1843
Rollers accounted more than 25% painting tools market demand in 2016. Construction industry is the major consumer of rollers as it provides enhanced paint layoff and reduce bristle loss. Offering unique design to the walls is among the key factor driving product demand in modern wall designs.
Knives and scrapers will witness a substantial growth owing to rising demand for high-class paint & coating application in residential and commercial construction. The segment accounts over 17% demand in LATAM painting tool market by 2024.
Demand from automotive industry contributed over USD 550 million in 2016. Rising demand for luxury vehicles including Cadillac, Infiniti, Maserati Ghibli, Jaguar, Range Rover, Rolls-Royce, Porsche and Bentley has encouraged vehicle manufacturers to utilize spray guns for vehicle coatings. Additionally, appealing finishing of vehicles is accredited to usage of modern coating tools including trowels and sanding coat equipment.
Global painting tool Industry share is fragmented owing to presence of large number of industry players. Mergers and acquisition plays a crucial role in gaining industry share.
Prominent manufacturers in painting tools industry include Gordon Brush, Braun Brush, Purdy, Anderson Products, Mill-Rose Company and Milton Brushware. Other significant manufacturers are Allway, Nespoli Group, Harbor Freight, EPOS Egypt, Shawky Brush & Roller Factory, Makinah, Dura Paints, MAAN and Nour Egypt.
Browse key industry insights spread across 210 pages with 199 market data tables & 12 figures & charts from the report, “Painting tools industry Size By Product (Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes), By Application (Construction [Residential, Commercial, Industrial], Automotive, Appliances, Furniture, Industrial Machineries & Equipment, Packaging) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Iran, Iraq, Egypt, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/painting-tools-market
Browse Related Reports:
Fire Door Market Size By Material (Glass, Steel, Timber, Gypsum, Aluminum, Vermiculate Boards), By Product (Hinged, Double Action, Sliding, Flush Glazed), By Application (Residential, Commercial), By End-Use (Internal, External), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/fire-door-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
29L Atlantic Avenue, Suite L 105,
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release U.S. Painting Tools Industry to reach $1800 Million by 2024 here
News-ID: 660266 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook
Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…
