Paint, Wallpaper & Supplies - Niger

In Niger, the revenue generated in the Paint, Wallpaper & Supplies market is estimated to be US$270.10m in 2024.
It is projected to experience an annual growth rate of 3.94% (CAGR 2024-2029).
When compared globally, United States leads in terms of revenue generation with US$52bn in 2024.
In relation to the total population, per person revenues amount to US$9.56 in 2024.
Despite limited resources, the demand for locally produced, eco-friendly paints is steadily rising in Niger.

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

In Niger nan's DIY & Hardware Store Market, the Paint, Wallpaper & Supplies Market is experiencing negligible growth due to factors like low disposable income, limited availability of online services, and a preference for traditional methods of home improvement. However, with increasing urbanization and growing demand for DIY projects, the market is expected to see a slight growth in the coming years.

Customer preferences: The DIY and hardware store market in Niger has seen a rise in consumer demand for eco-friendly and sustainable paint options. This trend is driven by a growing awareness of environmental concerns and a desire for more natural, non-toxic products. Additionally, there has been an increase in interest for innovative wallpaper designs, with consumers looking for unique and customizable options to add a personal touch to their homes. This shift towards environmentally friendly and customizable products reflects a growing preference for conscious consumerism and individual expression.

Trends in the market: In Niger, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a trend towards eco-friendly and sustainable products. With growing awareness of the impact of toxic chemicals on the environment and health, consumers are seeking out environmentally-friendly paints and wallpapers. This trend is expected to continue as more regulations are put in place to limit the use of harmful substances in these products. It presents an opportunity for industry stakeholders to innovate and differentiate themselves in a crowded market. Additionally, there is a rising demand for digital tools and apps in the market, such as color-matching apps and virtual wall painting simulations, making it easier for customers to visualize their projects. This shift towards a more tech-savvy approach is likely to increase efficiency and convenience for both customers and retailers.

Local special circumstances: In Niger, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market sees limited growth due to the country's low GDP and lack of consumer spending. However, the market is driven by the high demand for affordable housing solutions, leading to a rise in DIY projects and purchases of affordable paint and supplies. Additionally, strict government regulations on the import and distribution of certain materials impact the availability and pricing of products in the market. This unique combination of factors sets the Niger market apart from others and influences its dynamics.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Niger is impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With Niger's ongoing economic growth and investments in infrastructure, there is a growing demand for DIY and hardware supplies, including paint and wallpaper. However, factors like fluctuating global commodity prices and exchange rates can also affect the affordability and availability of these products in the market. Additionally, with a growing population and increasing urbanization, there is a rising need for home renovations and repairs, which further drives the demand for paint, wallpaper, and other supplies.

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.