Paint, Wallpaper & Supplies - China

In China, the revenue generated in the Paint, Wallpaper & Supplies market is estimated to reach US$49.13bn in 2024.
It is projected to experience an annual growth rate of 1.59% (CAGR 2024-2029).
Comparatively, United States leads the global market in terms of revenue, with US$52bn in 2024.
When considering the population, the per person revenue in China is US$34.30 in 2024.
China's booming construction industry is driving a surge in demand for high-quality paint and wallpaper products.

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

In China nan, the DIY & Hardware Store Market is experiencing negligible growth in the Paint, Wallpaper & Supplies Market. Factors such as limited consumer awareness and the availability of alternative products are impacting this growth rate.

Customer preferences: The DIY & Hardware Store Market in China is experiencing a notable shift towards eco-friendly and sustainable paint, wallpaper, and supplies. This is driven by growing consumer awareness around the impact of traditional, chemical-based products on the environment and health. Additionally, there is a rising trend towards DIY home decor and renovations, spurred by the pandemic-induced increase in time spent at home. As a result, consumers are seeking eco-friendly and DIY-friendly paint, wallpaper, and supplies to meet their evolving lifestyle needs.

Trends in the market: In China, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a shift towards eco-friendly and sustainable products. This trend is driven by increasing environmental awareness and government initiatives promoting green living. As a result, suppliers are offering more environmentally friendly options, such as low-VOC paints and recycled wallpaper materials. This trajectory is likely to continue, with consumers becoming more conscious of their impact on the environment. Industry stakeholders should consider implementing sustainable practices and offering a wide range of eco-friendly products to stay competitive in the market.

Local special circumstances: In China, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's huge population and rapid urbanization. With a growing trend towards home improvement and renovation, there is a high demand for paint, wallpaper, and other supplies. Additionally, strict regulations on product safety and environmental standards have led to a wide range of eco-friendly and high-quality products being available in the market. Cultural preferences also play a significant role, with Chinese consumers valuing durability and longevity in their home decor choices. The country's e-commerce boom has also greatly affected the market, with numerous online DIY and hardware stores offering a wide selection of products at competitive prices.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store market in China is impacted by various macroeconomic factors, including the overall economic health of the country and global trends. China's rapid economic growth, driven by its large population and booming construction industry, has led to an increase in demand for DIY products. Moreover, the Chinese government's initiatives to promote urbanization and encourage home renovation projects have further boosted the market for paint, wallpaper, and supplies. Additionally, the country's favorable fiscal policies, such as tax incentives and subsidies for DIY retailers, have also supported the growth of the market. However, the ongoing trade tensions and potential economic slowdown in China could have a significant impact on the market in the coming years.

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.