Paint, Wallpaper & Supplies - Angola

In Angola, the revenue in the market segment Paint, Wallpaper & Supplies market amounts to US$402.70m in 2024.
It is projected that the market will experience an annual growth rate of 4.35% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue with US$52bn in 2024.
In terms of per capita figures, US$10.65 in revenue is generated per person in Angola in 2024.
Despite the growing demand for paint and wallpaper supplies in Angola, the market is still dominated by traditional and local suppliers.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Paint
Wallpapers
Paint supplies
Wallpaper supplies

Wall tiles
Wall panels
Painting tools

The Paint, Wallpaper & Supplies Market in Angola within the DIY & Hardware Store Market is experiencing minimal growth due to factors such as limited consumer awareness and low disposable income. However, with increasing focus on home improvement and availability of affordable products, the market is expected to see slow but steady growth.

Customer preferences: There has been an increase in demand for sustainable and environmentally-friendly paint and wallpaper options in the DIY & Hardware Store Market. Consumers are becoming more conscious of the impact their choices have on the environment, as well as their own health. This has led to a rise in the use of natural, non-toxic ingredients in paint and wallpaper, as well as a preference for sustainable and recyclable packaging. Additionally, there is a growing trend towards DIY solutions for home improvement projects, driven by the desire for personalization and cost-savings.

Trends in the market: In Angola, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a surge in demand for eco-friendly and sustainable products. This trend has been driven by the increasing awareness of environmental concerns and the desire for greener living. As a result, hardware stores are now offering a wider range of environmentally-friendly paint and wallpaper options. This trend is expected to continue as consumers become more eco-conscious and seek out products that align with their values. This presents an opportunity for industry stakeholders to tap into this market and differentiate themselves by offering sustainable solutions. Additionally, it may also drive innovation and competition in the market, leading to greater product offerings and improved sustainability practices.

Local special circumstances: In Angola, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is influenced by the country's rich history of art and craftsmanship. This has led to a high demand for decorative and premium paint and wallpaper products. Additionally, the government's initiatives for infrastructural development and construction projects have contributed to the growth of the market. However, strict import and trade regulations on certain products and materials can pose challenges for market players.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Angola is impacted by several macroeconomic factors. These include the overall economic conditions in the country, such as GDP growth, inflation rate, and government fiscal policies. Global economic trends and trade policies also play a role in market performance. In addition, the availability of investment in the DIY & Hardware Store Market and overall consumer spending also influence the growth of this sector. The recent economic downturn in the country has resulted in a slowdown in the market, but the government's efforts to improve the business climate and attract foreign investment may lead to a recovery in the near future.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.