The growing number of FMCG companies in China, Singapore and India is expected to increase the market share of paint mixers in the near future. In addition, rapid industrialization, rising government infrastructure spending and an increase in FDI are expected to boost the market. . As a result, paint mixer market is set to witness a CAGR of 5.1%-5.9% during 2021-2031.
What is Driving Demand for Paint Mixer Market?
Paint mixer is one of the most lucrative business in the market these days. This is because of the high demand for paint in different aspects of the economy. Paint mixer makes the process of mixing paint quicker and less stressful. In addition, advancements in technology and the introduction of new products such as automatic paint mixer are expected to augment future growth across the industry over the forecast period.
Further, the market is expected to be driven by the increasing product consumption in the construction, automotive, and general industries application sectors. Rapid urbanization and industrialization in the emerging countries, such as India, China, and Southeast Asia, are anticipated to fuel the product demand in various applications.
However, the coronavirus pandemic has severely impacted the growth of paint mixer market. Stoppage of construction project, production halt, movement restriction and shortages of labor to contain the outbreak of COVID-19 has led to the decline in the growth of paint mixer industry.
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Introduction of Advanced Product is complementing the Market Sales
Advances in technology have led to the development of automatic paint mixer that reduce manual intervention by workers or labors. The new and advanced automatic mixer enables perfect blending of epoxy, polyurethane, polyester and acrylic resins with powders and pigments with minimal air inclusion.
For instance, Creative Resins Ltd. has introduced Gyroscopic mixer in the market. This paint mixing equipment has a tri-directional door and sliding base plate that offers ease of loading. The tool is ingeniously automated to allow for automatic can clamping and automatic can sensing with speed and pressure adjustment. In addition, it has a multi-can button to lower speeds with the added benefit of selecting your own mixing time 30-900 seconds.
US and Canada Paint Mixer Market Outlook
Low labor costs, growing middle class population in North America has attracted many leading companies to set up their manufacturing facilities in the region. Thus, the growing number of manufacturing facilities is boosting the construction activities in the region, which, in turn, is anticipated to propel the demand for paint mixer over the forecast period.
In addition, the rapid growth of the e-commerce industry in the region creates lucrative market opportunities for producers to enter the market to gain a competitive market share, thus leading to product demand.
Who are the Key Manufacturers and Suppliers of Paint Mixer Market?
Major players in the paint mixer market are
- HYDE
- Shur-Line
- Premier Paint Roller
- Goldblatt
- WESTWARD
- RADIA
- Badger Air-Brush Co.
- DAYTON
- Marshalltown
- RUST-OLEUM
- PREMIER
- TBC Mixer
- Mixing Mate
- AllwayTools
- Red Devil
- Marshalltown
- Sherwin-Williams
- DYNAMIX AGITATORS
- Allways Tools
- and Bosch among others.
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Key Segments
By Product Type:
- Automatic Paint Mixer
- Manual Paint Mixer
- Semi-Automatic Paint Mixer
By Product Application:
- House Decoration
- Paint Manufacturer
- Paint Users
- Others
By Material:
- Wood
- Metal
- Steel
- Plastic
- Others
By Sales Channel:
- Hypermarket/Supermarket
- Departmental Stores
- Convenience Stores
- Specialty Stores
- Direct Sales
- Online Retailing
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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