May 08, 2020
According to the research report titled ‘Paint Rollers Market Size By Product By Fabric By Pile Depth, By Application Industry Analysis Report, Regional Outlook Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2025’, available with Market Study Report LLC, global paint rollers market is expected to register significant growth during 2018-2025.
Increasing infrastructural development in residential sector due to escalating investments on housing projects along with rapid expansion of the construction sector are major factors driving global paint rollers market growth. The equipment covers a large surface area as well as enhance the work efficiency during operations. The market is expected to further expand owing to swift urbanization as well as social & economic development in emerging economies. Favorable FDI regulations and growing commercial sector are also stimulating the industry outlook.
Modernization of existing buildings and rising per capita income are fostering the demand for paint rollers across the globe. Paint rollers are lightweight, cost effective and offer swift-paint applicability. Additional factors such as color & design innovations as well as rising advertising activities regarding availability of various shade styles are positively influencing the market growth.
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As per product type, kinit paint rollers segment held 55% market share in 2017, primarily due to its ability to cover a wider surface area as well as release & hold higher volume of paints. The product is widely used for eggshell and satin paints.
Meanwhile, synthetic fabric paint rollers market segment is predicted to amass USD 850 million by the year 2024. High durability, versatility and cost effectiveness are favoring product penetration.
As per the report, paint rollers market share from construction application is presumed to expand considerably during the forecast period. Flourishing real estate sector, growing service class and rapid commercialization are favoring the market outlook.
Considering the geographical landscape, Asia-Pacific paint rollers industry was worth USD 1 billion in 2017 and is estimated to record a y-o-y growth rate of 6.5% during 2018-2024. Increasing construction activities and surging disposable income are swaying the business dynamics in the region. Also, rapid urbanization and high concentration of skilled labor are augmenting the demand for paint rollers in Asia-Pacific.
The eminent companies in paint rollers market are Stanley, Magnolia Brush, Wooster, Linzer Products Corp., Rust-Oleum, Beorol, Purdy and Work Tools International among others.