Paint, Wallpaper & Supplies - Oman

In Oman, the revenue generated in the Paint, Wallpaper & Supplies market is projected to reach US$121.60m in 2024.
This market segment is expected to experience an annual growth rate of 3.12% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation, with an estimated amount of US$52bn in 2024.
In terms of per capita revenue, each individual in Oman contributes approximately US$25.79 in 2024.
The demand for high-quality, eco-friendly paints and wallpapers has been steadily rising in Oman, reflecting the country's commitment to sustainable development.

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 Oman is experiencing negligible growth, influenced by factors such as limited consumer demand and slow economic growth. This market's growth is impacted by the lack of innovative products and increasing competition within the industry.

Customer preferences: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a rise in demand for eco-friendly and natural products. This is driven by a growing awareness and concern for the environment, as well as a desire for healthier living. Consumer preferences are shifting towards products with minimal or no VOCs (volatile organic compounds) and non-toxic ingredients. This trend is also reflected in the increasing popularity of sustainable and biodegradable paint options.

Trends in the market: In Oman, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a rise in demand for eco-friendly and sustainable products. This trend is driven by increasing consumer awareness and government initiatives promoting environmentally-friendly practices. Additionally, there is a growing preference for DIY projects among consumers, leading to a rise in sales of paint and wallpaper supplies. These trends are significant as they reflect changing consumer behavior and preferences, and have implications for industry stakeholders to focus on developing and promoting eco-friendly products and catering to the growing DIY market.

Local special circumstances: In Oman, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market market is heavily influenced by the country's diverse landscape and climate. With a mix of desert, mountains, and seaside terrain, customers have specific needs for different types of paints and coatings. Additionally, Omani culture values traditional interior design, leading to a demand for unique and colorful wallpaper designs. The market is also regulated by strict import policies, limiting the availability of certain products. These factors shape the market, creating a unique and competitive landscape for businesses.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Oman is heavily influenced by macroeconomic factors such as the country's GDP growth, inflation rates, and government policies. With the country's increasing emphasis on economic diversification and infrastructure development, the demand for construction and renovation projects is driving the growth of the market. Additionally, the growing trend of do-it-yourself home improvement projects and increasing disposable incomes are also contributing to the market's growth. International trade and investments, as well as global economic trends, also have an impact on the market's performance in Oman.

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.