Paint, Wallpaper & Supplies - Chile

In Chile, the revenue in the Paint, Wallpaper & Supplies market is estimated to reach US$509.80m Chilean pesos in 2024.
It is projected that the market will experience an annual growth rate of 2.73% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue generation, with an estimated revenue of US$52bn in 2024.
Taking into account the total population figures, the per capita revenue in Chile's Paint, Wallpaper & Supplies market is approximately US$25.93 Chilean pesos in 2024.
Chilean consumers are increasingly opting for eco-friendly and sustainable paint options, reflecting a growing awareness of environmental concerns in the country.

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 Chile within the DIY & Hardware Store Market is experiencing slow growth due to weak consumer demand and limited construction activity. Factors such as economic uncertainty and high costs are impacting the growth rate.

Customer preferences: With the rise of DIY home improvement projects, consumers are increasingly looking for affordable alternatives for paint and wallpaper supplies. This has led to a growing demand for eco-friendly and sustainable options, with customers gravitating towards brands that prioritize sustainability. Additionally, as more people spend time indoors due to the pandemic, there has been a rise in interest for products that can improve indoor air quality, such as low-VOC paints and wallpapers. This trend is also fueled by a growing awareness of the negative impact of traditional paints and wallpapers on the environment and human health.

Trends in the market: In Chile, there is a growing trend in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market towards eco-friendly and sustainable products. This shift is driven by increasing consumer awareness and demand for environmentally friendly options. Additionally, there is a rise in the use of virtual tools and platforms to showcase products and assist customers with DIY projects. These trends not only address the growing demand for eco-friendly solutions but also open up new opportunities for businesses to expand their online presence and cater to a wider customer base. This trend towards sustainability and digitalization is set to have a significant impact on industry stakeholders, encouraging them to adapt and innovate in order to stay competitive in the market.

Local special circumstances: In Chile, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's geographical location. Its long coastline and varied topography create unique demands for specialized paints and wallpaper. Additionally, the country's cultural love for artistic expression drives the demand for innovative and aesthetic paint and wallpaper options. Finally, the Chilean government's stringent regulations on environmental and safety standards have created a niche market for eco-friendly and sustainable paint and wallpaper products. These factors have a significant impact on market dynamics, shaping the competitive landscape in Chile.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Chile is heavily influenced by macroeconomic factors such as the overall economic health of the country, government fiscal policies, and global economic trends. In recent years, Chile has experienced steady economic growth and a stable political climate, which has created a favorable environment for businesses to thrive. Additionally, the government has implemented policies to promote growth in the construction industry, which has a direct impact on the demand for paint, wallpaper, and supplies. Furthermore, the increasing urbanization and rising disposable incomes of Chilean consumers are driving the demand for home renovation and DIY projects, contributing to the growth of the market.

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.