Paint Rollers Market 2024 By Top Players Purdy, Gordon Brush, Anderson Products, Mill Rose, Richard Tools and Hyde Tools
Date: 2018-11-07   Author: Rahul Varpe  Category: #market

Paint Rollers Market 2024 By Top Players Purdy, Gordon Brush, Anderson Products, Mill Rose, Richard Tools and Hyde Tools

Synthetic fabric Paint rollers market share for instance, will register a CAGR of 5% over 2017-2024, since these products are most compatible with latex paints. Another high-grade product, synthetic woven fabric rollers are also preferred lately, as they are deemed to be fire, water and abrasion resistant – factors which abide by the government regulations of better occupational safety. This in consequence, would lead to synthetic woven fabric market size gaining momentum in the forthcoming years. As end users are becoming more aware of how the material of a paint roller can determine the outcome of a paint job, numerous products across this business verticals have been gaining prominence. Blended cover paint rollers market for instance, has been witnessing substantial growth, since these rollers are compatible with all kinds of paints.

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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. With the global populace soaring higher by the day, the demand for housing would witness a major hike, on account of which paint rollers market share would increase considerably from the residential housing sector. As per estimates, the overall paint rollers industry size would surpass USD 3 billion by 2024.

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.

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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.

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 50% of the overall paint rollers market share in 2016. The robust demand for residential buildings will further drive this regional industry, as per analysts.

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Keeping in mind the ease of use and growing popularity of paint rollers, industry competitors are coming up with innovative paint rollers like the Paint Runner Pro, that is advertised to be a non-drip paint roller that holds paint. In essence, there is no need to dip the roller innumerable times into the paint, which would lead to zero paint wastage and would eliminate the requirement of drop sheets during painting. Another noteworthy paint rollers market trend is that of 3D paint rollers. These products are being developed by designers to cater to a segment of the populace that has been calling for creative but easy ways to add a flicker of class to walls, and have been taking paint rollers market by storm. 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.



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. 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 online. ...

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