Paint, Wallpaper & Supplies - Gabon

In Gabon, the revenue generated in the Paint, Wallpaper & Supplies market is estimated to be US$34.98m in 2024.
It is projected to experience an annual growth rate of 3.29% (CAGR 2024-2029).
Comparatively, United States generates the highest revenue in this market segment, with a total of US$52bn in 2024.
When considering the population size, the per person revenue in Gabon amounts to US$14.08 in 2024.
Despite the limited market size, Gabon's demand for high-quality and eco-friendly paint products has been steadily increasing in recent years.

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 DIY & Hardware Store Market in Gabon is seeing minimal growth due to factors such as low consumer awareness and limited availability of digital technologies in the country. Despite this, the Paint, Wallpaper & Supplies Market is steadily growing, indicating potential for further development in the future.

Customer preferences: In Gabon's DIY & Hardware Store Market, there has been a noticeable shift towards eco-friendly and all-natural products in the Paint, Wallpaper & Supplies Market. This trend is driven by a growing awareness of environmental issues and a preference for sustainable materials. Additionally, with a younger and tech-savvy population, there is a rise in demand for DIY tutorials and online resources for home improvement projects, indicating a shift towards a more self-sufficient and cost-effective approach to home maintenance.

Trends in the market: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a rise in online sales, with more consumers turning to e-commerce for their home improvement needs. In addition, there is a growing trend of eco-friendly and sustainable products, as consumers become more conscious of their environmental impact. This has led to an increase in demand for low VOC (volatile organic compound) and water-based paints. Industry stakeholders should consider expanding their online presence and offering more environmentally friendly options to cater to this trend. Additionally, there may be a shift towards a more DIY approach as consumers seek to save on costs and take on home improvement projects themselves. This has potential implications for traditional brick and mortar stores, as they may need to adapt their business models to compete with the convenience and cost-effectiveness of online shopping.

Local special circumstances: In Gabon, the DIY & Hardware Store Market is largely driven by the country's strong economic growth and increasing urbanization. The market is also influenced by the government's efforts to promote sustainable development, resulting in the popularity of eco-friendly paint and wallpaper options. Additionally, cultural preferences for traditional home design and construction also impact the demand for specific types of paint and wallpaper products.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Gabon is influenced by various macroeconomic factors, including the country's overall economic health and global economic trends. As Gabon is heavily dependent on oil exports, fluctuations in oil prices can significantly impact the purchasing power of consumers and their willingness to spend on home improvement products. Additionally, government fiscal policies, such as tax rates and subsidies, can impact the affordability and availability of these products in the market. Moreover, the country's investment in infrastructure developments, like construction and housing projects, can affect the demand for paint, wallpaper, and supplies. Thus, macroeconomic factors play a crucial role in shaping the performance of the Paint, Wallpaper & Supplies Market in Gabon.

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.