Painting Tools Market to hit over USD 14 billion by 2024

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Paint Tools Market Growth outlook with industry
review and forecasts, 2017-2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Painting Tools Market

• Rising population, ongoing industrialization,
  expanding foreign investment funding across
  developing economies will fuel the painting tools
  market. Globally, construction industry is
  projected as one of the most lucrative industries
  in the coming years and is forecast to have 4.5
  growth rate in next five years.
• Rising demand for corrosion resistant and
  attractive textures in residential commercial
  building are the preliminary factors driving
  painting tools demand. Increasing architectural
  paint coatings application in commercial
  buildings to enhance aesthetic appearance will
  boost product penetration.
• High painting tools market price trend along with
  limited consumer awareness regarding the product
  usage may hamper business growth.

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Continued...

• Presence of major automobile brands including
  BMW, Mercedes-Benz, Volkswagen, Porsche, Opel and
  Audi in the country makes it a substantial
  contributor in European automotive industry.
  Russia is expected to surpass 20 of the regional
  industry share by 2024.
• Global production of paint brushes surpassed 440
  million units in 2016. Plastic handle brush are
  extensively used in emerging countries, while
  high quality wooden handle is more popular in
  North America and Europe.
• Demand from automotive industry contributed over
  USD 550 million in 2016. Rising demand for luxury
  vehicles including Cadillac, Infiniti, Maserati
  Ghibli, Jaguar, Range Rover, Rolls-Royce, Porsche
  and Bentley has encouraged vehicle manufacturers
  to utilize spray guns for vehicle coatings.

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U.S. Painting Tools Market Size, by Application,
2016-2024 (USD Million)

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360 Analysis

• Product Analysis
• Rollers accounted for around 25 of the total
  industry share in 2016. It is used for coating
  large surfaces with a uniform layer in
  construction industry. Architects and designers
  are using the product for interior designing and
  to provide a unique texture on walls.
• Regional Analysis
• The U.S. is a highly regulated industry and is
  projected to reach USD 1,800 million by 2024.
  Presence of significant manufacturers in the
  region including Purdy, USA Tools, and Richard
  Tools will support the demand.
• Germany will generate over USD 615 million till
  2024. Well-established automobile industry with
  major manufacturers including Volkswagen,
  Mercedes-Benz, BMW, Audi and Opel in the country
  makes it a significant contributor in Europe.
• Competitive Market Share
• Prominent manufacturers in global painting tools
  market are Gordon Brush, Mill-Rose Company, Braun
  Brush, Purdy, Anderson Products, Milton
  Brushware, Allway Tools, USA Tools, Richard
  Tools, Harbor Freight Tools, EPOS Egypt, Shawky
  Brush Roller Factory, Dura Paints, Nour Egypt,
  MAAN, Makinah, and NESPOLI GROUP.

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