Paint, Wallpaper & Supplies - Seychelles

In Seychelles, the revenue in the Paint, Wallpaper & Supplies market reached US$2.01m in 2024.
It is projected to experience an annual growth rate of 8.52% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market, with a staggering US$52bn in 2024.
Looking at the per capita figures, in 2024, each person in Seychelles contributes US$18.54 in revenue to the Paint, Wallpaper & Supplies market.
The demand for eco-friendly and sustainable paint products is growing steadily in Seychelles, reflecting the country's commitment to environmental preservation.

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 Seychelles is facing minimal growth due to factors such as low demand from the DIY & Hardware Store Market, limited purchasing power of consumers, and availability of cheaper alternatives. Despite this, the market is expected to see steady growth in the coming years. The convenience of online shopping and increasing awareness about home improvement are likely to drive this growth.

Customer preferences: As consumer interest in DIY projects continues to grow, there has been an increase in demand for environmentally-friendly and sustainable paint and wallpaper options. This trend is driven by a larger cultural shift towards more eco-conscious choices and a growing awareness of the impact of traditional paint and wallpaper materials on the environment. Additionally, as the population in Seychelles continues to age, there is a growing demand for easier-to-use and safer paint and wallpaper options, leading to an increase in sales of low VOC and non-toxic products.

Trends in the market: In Seychelles, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a surge in eco-friendly and sustainable products, as consumers become more conscious of their environmental impact. This trend is likely to continue as consumers prioritize environmentally-friendly options. Additionally, there is a growing demand for customization and personalization in paint and wallpaper choices, catering to individual preferences and styles. This trend is likely to drive innovation in the industry, with companies offering more personalized options. For industry stakeholders, staying ahead of these trends and offering eco-friendly and personalized options will be key to remaining competitive in the market.

Local special circumstances: In Seychelles, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's small size and remote island location. This presents challenges for both suppliers and consumers, as shipping costs and limited availability of products can drive prices up. Additionally, the country has strict environmental regulations, leading to a demand for eco-friendly and sustainable paint and wallpaper options. These unique local factors shape the dynamics of the market, with a focus on accessibility, affordability, and sustainability.

Underlying macroeconomic factors: The Paint, Wallpaper, and Supplies Market within the DIY & Hardware Store Market in Seychelles is heavily impacted by macroeconomic factors such as consumer spending, housing market trends, and construction activity. As a small island nation heavily reliant on tourism, Seychelles' economic health is significantly influenced by global economic trends and fluctuations in tourist arrivals. Additionally, government policies and initiatives aimed at promoting sustainable development and supporting small businesses have also had a significant impact on the market. Furthermore, the rising popularity of DIY projects among millennials and increasing housing development projects are expected to drive the demand for paint, wallpaper, and supplies in the country.

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.