Paint, Wallpaper & Supplies - Asia

In Asia, the revenue generated in the Paint, Wallpaper & Supplies market in 2024 amounts to US$91.72bn.
It is projected that the market will experience an annual growth rate of 1.99% (CAGR 2024-2029).
When compared to other countries around Worldwide, United States generates the highest revenue in this market, with a total of US$52bn in 2024.
In terms of per capita revenue, each person in Asia generates US$20.18 in 2024.
In Japan, there is a growing trend of using traditional Japanese motifs and patterns in paint and wallpaper designs.

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 the DIY & Hardware Store Market in Asia nan is experiencing minimal growth, influenced by factors like the slow adoption of digital technologies and low consumer health awareness. Convenience from online health services also plays a role.

Customer preferences: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Asia has seen a rise in eco-friendly and sustainable products, as consumers become more conscious of their environmental impact. This trend is particularly prominent in countries like Japan and South Korea, where the concept of "minimalism" and the pursuit of a simpler lifestyle is gaining popularity. As a result, DIY and hardware stores are offering more natural and non-toxic options, such as organic paints and biodegradable wallpaper, to cater to this growing demand.

Trends in the market: In Asia, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a rise in eco-friendly and sustainable products. This trend is driven by increasing consumer awareness and demand for environmentally-friendly options. Manufacturers and retailers are responding by offering a wider range of eco-friendly paint and wallpaper options. This trend is expected to continue as governments push for more sustainable practices and consumers become more conscious of their environmental impact. As a result, industry stakeholders should consider investing in this trend to remain competitive and appeal to the growing segment of environmentally-conscious consumers.

Local special circumstances: In Asia, specifically in Japan and South Korea, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the region's strong cultural emphasis on home improvement and DIY projects. This is also coupled with a high demand for quality and durable materials due to the frequent occurrence of typhoons and earthquakes. Moreover, government regulations in these countries require strict adherence to environmental and safety standards, driving the market towards sustainable and eco-friendly products.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Asia is heavily impacted by macroeconomic factors such as economic growth, consumer spending, and government policies. The region's economic health and stability directly influence consumer confidence and purchasing power, which in turn affects the demand for paint, wallpaper, and other supplies in the DIY & hardware store market. Fiscal policies, such as tax regulations and trade agreements, also play a significant role in shaping the market landscape. Furthermore, global economic trends, such as trade tensions and currency fluctuations, can have a ripple effect on the paint, wallpaper, and supplies market in Asia.

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.