Paint, Wallpaper & Supplies - Eastern Asia

In 2024, the revenue in the Paint, Wallpaper & Supplies market in Eastern Asia amounts to US$58.15bn.
This market is projected to experience an annual growth rate of 1.80% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market, reaching US$52bn in 2024.
In terms of per capita figures, the revenue generated per person in Eastern Asia is US$35.58 in 2024.
In Eastern Asia, the demand for eco-friendly paint and wallpaper products is rapidly increasing due to growing environmental awareness.

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 Eastern Asia nan is experiencing a stagnant growth rate, impacted by factors such as limited consumer interest, lack of innovation, and high competition. This has hindered the market's potential for growth, despite the convenience and accessibility offered by online DIY and hardware stores.

Customer preferences: The DIY & Hardware Store Market in Eastern Asia has seen a rise in demand for environmentally-friendly and sustainable paint and wallpaper options. This can be attributed to the growing awareness on the harmful effects of traditional paint and wallpaper materials. As consumers become more conscious about their impact on the environment, they are opting for natural and eco-friendly alternatives. This trend is also driven by the increasing popularity of DIY home renovation projects, where consumers are looking to use safe and non-toxic materials.

Trends in the market: In Eastern Asia, there is a growing trend of incorporating sustainability and eco-friendliness in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market. This is driven by increasing consumer awareness and demand for environmentally friendly products. This trend is expected to continue, with companies implementing sustainable practices in their production processes and offering products with eco-labeling. This has significant implications for industry stakeholders, as they need to adapt to changing consumer preferences and invest in sustainable technologies to remain competitive in the market. Furthermore, regulators are likely to impose stricter regulations on the use of toxic chemicals in paints and wallpapers, which could impact the cost of production and pricing strategies of companies in the market.

Local special circumstances: In Japan, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's tradition of DIY home improvement projects and the popularity of compact living spaces. This has led to a high demand for efficient and space-saving products, such as folding wallpaper and compact paint sets. Additionally, strict government regulations on VOC emissions have resulted in the development of eco-friendly and low odor options, catering to the environmentally-conscious consumer base.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Eastern Asia is heavily impacted by macroeconomic factors such as overall economic health, consumer confidence, and government fiscal policies. As the region continues to experience economic growth, the demand for home improvement projects and DIY activities is on the rise. Additionally, the increasing disposable income and urbanization in countries like China and Japan are driving the demand for home improvement products, including paint, wallpaper, and supplies. However, regulatory challenges and limited infrastructure development in some countries can hinder the market growth in the region. Moreover, changing consumer preferences and the growing trend towards eco-friendly and sustainable products are also influencing the market, creating opportunities for companies to innovate and cater to the evolving consumer demands.

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.