Paint, Wallpaper & Supplies - Myanmar

In Myanmar, the revenue generated in the Paint, Wallpaper & Supplies market in 2024 amounts to US$598.40m.
It is projected that the market will experience an annual growth rate of 1.98% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market segment, with a total of US$52bn in 2024.
In terms of per person revenues, in Myanmar generates US$10.89 per person in 2024, taking into account the total population figures.
Myanmar's growing construction industry is driving the demand for high-quality paint and wallpaper supplies.

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 Myanmar nan is experiencing slow growth due to factors such as limited consumer awareness and low disposable income. However, the market for Paint, Wallpaper, & Supplies continues to see steady growth due to the rising popularity of DIY home improvement projects.

Customer preferences: The Myanmar DIY & Hardware Store market has witnessed a rise in consumer demand for eco-friendly and sustainable paint and wallpaper options. There is a growing awareness among consumers about the impact of traditional paint and wallpaper materials on the environment. This has led to a shift towards natural and non-toxic alternatives, such as low VOC paints and biodegradable wallpaper materials. Additionally, with the rise in home renovation projects and DIY culture, there is a growing preference for easy-to-use and quick-drying paints and wallpapers, catering to the busy lifestyles of consumers.

Trends in the market: In Myanmar, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a rise in demand for eco-friendly and sustainable products, driven by consumer awareness and government initiatives to promote green living. With growing concerns over environmental protection, consumers are increasingly opting for products that are non-toxic, biodegradable, and made from natural materials. This trend is expected to continue and will require industry stakeholders to adapt their supply chains and product offerings to meet this demand. Additionally, the rise of e-commerce and online shopping is providing a new avenue for retailers to reach customers and expand their market share. The increasing availability of online platforms and mobile applications for purchasing and delivery of paint and wallpaper products is opening up new opportunities for industry players to tap into a wider customer base and streamline their operations.

Local special circumstances: In Myanmar, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the unique regulatory circumstances of the country. The government has strict regulations on the import and distribution of certain products, impacting the availability and pricing of paint and wallpaper. Additionally, the country's geographical landscape, with its diverse climates and terrain, presents specific challenges for the DIY and hardware store market, particularly in terms of storage and transportation of paint and supplies. These factors contribute to the distinct dynamics of the market in Myanmar compared to other markets globally.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Myanmar is affected by macroeconomic factors such as the country's economic growth, government policies, and global economic trends. Myanmar has experienced strong economic growth in recent years, which has resulted in increased consumer purchasing power and demand for home improvement products. Additionally, favorable government policies and investments in infrastructure development have created a conducive business environment for the DIY & Hardware Store Market. However, the ongoing COVID-19 pandemic has negatively impacted the market due to supply chain disruptions and reduced consumer spending. The market is expected to recover as the country continues to gradually reopen its economy and implement stimulus measures to boost consumer confidence.

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.