Paint, Wallpaper & Supplies - Malta

In Malta, the revenue generated in the Paint, Wallpaper & Supplies market amounted to US$13.88m in 2024.
It is projected to experience an annual growth rate of 1.36% (CAGR 2024-2029).
When compared globally, United States leads in terms of revenue generation, reaching US$52bn in 2024.
Looking at the per capita figures, in 2024, each person in Malta contributes US$25.86 in revenue to the Paint, Wallpaper & Supplies market.
Malta's growing tourism industry has led to an increased demand for paint, wallpaper, and supplies to renovate hotels and accommodations.

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 the DIY & Hardware Store Market in Malta has seen slow growth due to factors such as low consumer demand, economic uncertainty, and limited availability of skilled labor. Despite this, advancements in digital technology and rising DIY trends may drive growth in the future.

Customer preferences: Consumer preferences in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Malta are shifting towards eco-friendly and sustainable options. This can be attributed to growing awareness of environmental concerns and a desire for more natural products. As a result, there has been an increase in demand for paint and wallpaper made from natural materials, such as plant-based dyes and recycled paper. This trend is also driven by cultural values and a desire for more environmentally responsible choices in home improvement and decoration.

Trends in the market: In Malta, 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 awareness about the environmental impact of traditional paint and wallpaper materials, as well as government initiatives promoting greener options. This trajectory is significant for industry stakeholders, as it presents new opportunities to tap into a growing market segment and differentiate their offerings. Furthermore, suppliers and retailers who incorporate sustainable products into their portfolio may gain a competitive advantage in the market. However, this trend may also pose challenges for smaller businesses who may struggle to meet the higher costs of producing and stocking these products. As this trend continues, it is crucial for industry stakeholders to keep up with changing consumer preferences and adapt their strategies accordingly.

Local special circumstances: In Malta, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the small size of the island, which limits the availability of land for new construction. This has led to a high demand for home renovation and DIY projects. Additionally, the country's strong Mediterranean culture places a high emphasis on aesthetic and design, driving the demand for quality paint and wallpaper products. Furthermore, Malta's strict building regulations, particularly in regards to energy efficiency, have influenced the market towards eco-friendly and durable paints and materials.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Malta is heavily impacted by macroeconomic factors such as consumer spending, interest rates, and inflation. As a small island nation, Malta is heavily influenced by global economic trends, making it vulnerable to fluctuations in the global market. Additionally, the country's national economic health and fiscal policies play a significant role in shaping the purchasing power and demand for paint, wallpaper, and other supplies within the DIY & Hardware Store Market. The government's investment in infrastructure projects and the overall stability of the economy also greatly impact the market's performance. Therefore, factors such as economic growth, unemployment rates, and exchange rates must be carefully monitored to understand the potential impact on the Paint, Wallpaper & Supplies Market in Malta.

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.