Paint, Wallpaper & Supplies - CIS

CIS

Highlights

In the year 2024, the revenue in the Paint, Wallpaper & Supplies market in the CIS region reached a substantial amount of US$3.21bn.
It is projected that this market segment will experience a steady annual growth rate of 2.33% (CAGR 2024-2029).
When comparing the revenue generated globally, it is worth noting that United States stands out as the leading contributor with an impressive revenue of US$52bn in 2024.
To put the revenue into perspective, it is interesting to consider the per person revenues in the CIS region.
In 2024, each individual in the CIS contributed an average of US$13.23 to the Paint, Wallpaper & Supplies market.
This figure provides insight into the economic significance of this market segment in relation to the total population.
In the CIS market, there is a growing demand for eco-friendly paint and wallpaper products, driven by increasing environmental consciousness among consumers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

In CIS nan, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing minimal growth due to limited consumer spending and slowing construction activities. Factors such as economic uncertainty, restrictions on home improvement projects, and lack of innovation in the market are impacting the growth rate.

Customer preferences: As more consumers prioritize DIY home projects and personalization in their living spaces, there has been a noticeable increase in demand for eco-friendly and sustainable paint and wallpaper options. This shift towards non-toxic and environmentally friendly products is fueled by a growing awareness of the impact of traditional paints and wallpapers on health and the environment. Additionally, there has been a rise in demand for DIY tutorials and inspiration on social media platforms, driving the popularity of DIY home renovations.

Trends in the market: In the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market, there is an increasing emphasis on sustainability and eco-friendly products. Consumers are becoming more conscious of their environmental impact and are demanding products with less harmful chemicals and materials. This trend is also reflected in the growing popularity of DIY paint kits and wallpaper paste made from natural, non-toxic ingredients. The trajectory of this trend points towards a shift in consumer preferences and the need for industry stakeholders to adapt and offer more environmentally friendly options. Failure to do so could result in losing a significant portion of the market share. Furthermore, this trend has significant implications for the future of the industry as stricter regulations and heightened consumer awareness may lead to further demand for sustainable products. Therefore, industry stakeholders must invest in research and development to meet these changing demands and stay ahead of the curve.

Local special circumstances: In the CIS region, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the strong presence of local manufacturers and suppliers. This is due to trade barriers and regulations that make it difficult for international companies to enter the market. Additionally, the diverse cultural and climatic conditions of the region result in a demand for specialized products, such as weather-resistant paints and eco-friendly materials, that cater to the unique needs of each country. Moreover, the DIY culture is not as prevalent in CIS countries compared to Western markets, resulting in a higher demand for professional services and installation assistance in the Paint, Wallpaper & Supplies Market.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is significantly impacted by macroeconomic factors such as construction activity, housing demand, and consumer confidence. Countries with strong economic growth and favorable fiscal policies are experiencing higher market demand for these products, as consumers are more likely to invest in home improvement projects. Additionally, government initiatives promoting sustainable building practices, such as energy efficiency and green building, are also driving the market forward in certain regions. Conversely, a slowdown in the global economy or a decline in consumer spending can negatively impact the market's growth. Furthermore, fluctuations in raw material prices and currency exchange rates can also affect market performance.

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.