-- Increasing demand for corrosion resistance and aesthetic benefits in residential and commercial buildings are key factors driving the painting tools market. The steady improvement in economic health after the recession has enabled the government to increase their spending on infrastructure, which, in turn, has created a spur in demand for painting tools.
According to the Graphical Research new growth forecast report titled “North America Painting Tools Market Size By Product (Extension Poles, Sanding Tools, Trowels, Brushes, Rollers, Scrapers, Putty 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), 2018-2024”, estimated to exceed USD 2.8 billion by 2024.
North America is also witnessing stability in the prices of raw material owing to low volatility in oil prices which will bolster the market. Resurgence in the residential sector has resulted in approval for 160,000 new buildings to be constructed over the coming years enhancing the growth potential.
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Brushes emerged as the largest product segment in the region. Technological advancement aiding in customization of the brush bristles has enhanced their utilization in the construction activities. Brushes of varying bristle size are now available to obtain the perfect finish for various applications in automotive, construction, appliance and furniture.
Rollers accounted for 44.4 Million Units in 2017 and are expected to witness steady market growth over the coming years. Numerous benefits offered by the rollers including an easy release of paint, smoother finish and ability to hold more paint has propelled their usage in the construction industry. Furthermore, innovations such as roller with attached paint tank and easy to clean material will improve their user experience and augment the demand.
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Construction Industry held the largest share in the application segment accounting for over 75% in 2017. It mainly uses tools such as brushes and rollers for easy and fast applicability of paint. The increased government spending on infrastructure will bolster the demand for painting tools in the segment.
Automotive serves as another key application segment for the painting tools market. Finish quality, sustainability and aesthetics are key factors considered for the selection of painting tools in automotive industry. The rising demand for superior paint and coat finish from the consumers is expected to create high demand for painting tools from the segment.
Major players in the North America painting tools market are Purdy, Mill-Rose Company, Gordon Brush and Allway. The market share is highly fragmented owing to the presence of local and multinational players. Key manufacturers are engaged in mergers & acquisition to acquire market share and also lay prime focus on developing a strong supply chain.
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Segments we cover:
North America Painting Tools Market By Product
Extension Poles
Sanding Tools
Trowels
Brushes
Rollers
Scrapers
Putty Knives
Trays
Spray Gun
Masking Tapes
North America Painting Tools Market By Application
Construction
Residential
Commercial
Industrial
Automotive
Appliances
Furniture
Industrial Machineries & Equipment
Packaging
Related Reports:
North America Paint Rollers Market : https://www.marketwatch.com/press-release/whats-driving-the-north-america-paint-rollers-market-trends-2019-07-22
North America Beverage Refrigeration Market : https://www.marketwatch.com/press-release/north-america-beverage-refrigeration-market-expected-to-reach-over-usd-12-bn-by-2024-2019-07-18
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Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1180/north-america-painting-tools-market
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