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Analysis of Painting Tools Market applications and company’s active in the industry

Analysis of Painting Tools Market applications and companyu2019s active in the industry

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Analysis of Painting Tools Market applications and company’s active in the industry

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  1. Outlook of Painting Tools Market Growth Status And Development Trends over 2020 - 2026 • The global painting tools market is expected to record robust growth over the ensuing years on the back of burgeoning construction sector. In recent years, growing construction activities across the various regions of the world have accelerated the demand for painting tools. Masking Tapes, Spray Gun, Trays, Knives, Scrapers, Rollers, Brushes, etc., are considered as some of the most commonly used painting tools. As per the study conducted at Global Market Insights Inc, the painting tools market size is anticipated to reach USD 12 billion by 2026. • Numerous private and government organizations across the globe have been investing heavily in infrastructure development projects. For instance, in 2016, India, which is one of the major economies of APAC announced plans to develop the nation’s first 2,500-kilometer-long coastal industrial corridor. The country received USD 631 million in loans from the ADB (Asian Development Bank (ADB). © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Moreover, the nation also introduced numerous construction projects like ‘Housing for All by 2022’ and 100 smart cities in recent years. This has led to an increase in the demand for paints to protect such infrastructure developments from chemical attacks, abrasion, and UV protection, which in turn will accelerate the painting tools market over the forecast period. • The ongoing COVID-19 pandemic has significantly impacted the construction sector, causing initial shortfalls, halts, and diversion of funds. The lockdown restrictions have completely halted the non-essential and non-essential construction work in some nations. However, the introduction of new guidelines and the reopening of construction works have accelerated the demand for painting tools recently. • Based on the product, the spray guns segment is essentially gaining traction in the painting tools industry. Increasing demand for aesthetically pleasant painted appliances and high speed of these are key reasons expected to the demand for spray guns. Easy replacements of parts along with effortless cleaning after usage are key benefits of spray guns. However, high costs compared to other counterparts and less consumer awareness are likely to restrain painting tools market growth. On this note, studies that the global painting tools market size from spray gun segment is expected to record a 5% CAGR over the ensuing years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1843 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • On the regional front, Latin America painting tools market is anticipated to record significant growth opportunities on account of the expanding construction sector in the region. The nations in the region are spending heavily on the development of new construction projects, which in turn will enhance the painting tools business outlook. • Competitive Analysis • While speaking about the competitive landscape, it is imperative to mention that industry participants are undertaking several organic and inorganic growth strategies such as mergers, acquisitions, product launches to tap major market share. Notably, NOUR Trading House Inc., MAAN, Richard Tools, Nespoli Group, Asian Paints, Durapaints, EPOS Egypt, Allway Tools, Freight Tools, Harbor, Anderson Products, Milton Brushware, Braun Brush Co, Purdy, The Mill-Rose Company, Gordon Brush Mfg. Co., Inc., are the key companies currently at the forefront of the painting tools industry. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Painting Tools Market @ https://www.gminsights.com/industry-analysis/painting-tools-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1843 Request for customization: https://www.gminsights.com/roc/1843 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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