Paint Brushes Market Forecast and CAGR
The paint brushes market is set to witness a CAGR of 5.0% during 2021-2031. The need for paint brushes is expected to rise as the world becomes more urbanized, particularly in emerging nations.
Paint brushes are offered in a variety of specifications, and some market participants provide bespoke paint brushes to improve performance and dependability. Manufacturers are always offering new designs and functionalities to make their products more suitable for the booming architecture industry.
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What is Driving Demand for Paint Brushes?
High-quality paint brushes are one of the most important painting tools in an artist's toolbox. Their design and construction necessitate precision, attention, and skill. As a result, market participants are developing paint brushes that are specifically designed for artists.
The Daler-Rowney paint brush, for example, is designed to meet the needs of professional artists. Brush producers construct each paint brush from start to finish using only the best materials.
Furthermore, each type of paint brush has been designed to function with a certain medium, such as oil, acrylic, and water color, so that painters may paint everything from small details to broad washes with ease. As a result, player’s offers are appealing clients, which is expected to boost paint brush demand over the forecast period.
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Trends in Paint Brushes Likely to Augment Sales
As the eco-friendly trend grows and customers are willing to buy more eco-friendly products, many market participants are producing eco-friendly paint brushes with natural bristles.
The most common technological breakthrough among industry players is for convenience in brush manufacture with bristle separation of the same length. Natural and synthetic materials are used to make brushes, including hog and boar hairs for natural bristles and nylon for synthetic bristles.
For instance, natural earth paint has designed the paint brushes which are perfect for children, and the brushes have bamboo handles and vegan bristles.
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Impact of Covid- 19 on Paint Brushes Market
The outbreak of Coronavirus sickness (COVID-19) in 2020 posed a significant challenge to the paint brush industry, as trade restrictions disrupted supply chains and demand decreased due to government lockdowns around the world.
National governments' efforts to contain the spread have resulted in a decline in economic activity, with some countries entering a state of lockdown, and the pandemic is expected to continue to impact businesses through 2020 and 2021. During the forecast period, the paint brushes market, on the other hand, is expected to recover from the shock.
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US and Canada Paint Brushes Market Outlook
Due to significant demand from end-use sectors such as building and furniture, the paint brushes market is expected to rise steadily. The comeback of the construction industry as a result of investments in the residential and commercial sectors is a major factor driving paint brush growth in North America.
Furthermore, the market will benefit from rising consumer awareness of corrosion avoidance and a movement in customer preference toward aesthetic appearance.
Europe Demand Outlook for Paint Brushes
The ongoing coronavirus epidemic had reduced paint brush sales in Europe in 2020. This is due to the suspension or partial suspension of construction activity in many countries. Due to an increase in the number of cases in these nations, Spain and Italy have taken a big damage.
Furthermore, major governments across the area have imposed a lockout on non-essential commercial activity, resulting in a fall in the European market from 2019 to 2020. However, due to the reopening of manufacturing facilities and increased foreign commerce, the paint brush industry is predicted to gradually revive from 2021.
Due to the wide range of customization options and ease of replacement, paint brushes are quickly becoming a popular in European market. Product penetration is being boosted by increased development of residential and commercial buildings in European countries such as Germany, the United Kingdom, and Italy.
Who are the Key Manufacturers and Suppliers of Paint Brushes?
Some of the leading manufacturers/suppliers include
- Natural Earth Paint
- Fine Paints of Europe
- Tanis Inc.
- Goodyear Rubber Products Inc.
- The Wooster Brush Company
- FM Brush Company
- Pennelli Cervus
- Premier Paint Roller Company LLC
- Gordon Brush Mfg. Co. Inc.
- Mesko-Pinsel GmbH
- Natural Paint Brushes
- Synthetic Paint Brushes
By Material Type
- Animal Hair
- Square Cut
- Angle Sash
- Round Sash
By Sales Channel
- Online Retailers
- Direct Sales
- Specialty Stores
- Multi-Brand Stores
- Other Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Paint Brushes Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.