Colors can impact and change feelings, thoughts, emotions, etc. That is why people spend significant time selecting the right paint colors for the interior and exterior.
Due to versatile usage in construction, automobiles, and the wood industry, the paints, and coating industry earned $160.3 billion in 2021, according to Fortune Business Insights. A huge portion of these profits went to the construction industry.
For the customers, paint color is not only a point for selecting but they are particularly concerned with the quality of the paints.
Customers want the best paints for particular products or items that not only give an attractive appearance but also provides enough protection.
Due to quality, few brands retain a special place.
A business with the intention to earn well, in the long run, should choose a quality paint manufacturer.
Considering the diversity of the paint industry, it will be hard to figure out the best paint manufacturer. Because the needs of your business and target audience can be different from that of the manufacturer. Here are a few suggestions to help you make the correct decision.
Composition: Paints have a different composition depending on their type. They may contain hydrocarbons and may be water-based. The composition is necessary to have an idea about the viscosity and solvency of the paints. Consider asking the manufacturer about the details of the composition of the paints.
Expiry date and durability: All paints have a shelf life, albeit some have a shorter one than others. Please note that the length of time that paint remains usable varies depending on the type of paint. Moreover, while buying paint from the manufacturer, confirm that the stock is freshly manufactured. The shelf life of paint can be 7 days or 15 years depending on the type of the paint if it is kept in a suitable environment in a sealed pack box. Also, the manufacturer should also explain the durability of the paint after application.
Protection/ resistance: Paint also provides protection or resistance from environmental factors. So carefully choose the type of paint. Because paints made for metal surfaces must have anti-corrosion properties while paint for exterior finishing should contain a waterproof feature.
Color range: Of course, color can’t be ignored while buying paint stock. A manufacturer should be capable of providing a wide range of colors in paints. However, it is not enough. There are few colors that sell more than others.
For this reason, you need to stock in huge numbers. Don't forget to add trending colors. Color trends change from season to season and year to year. Of course, you have to provide the trending colors to customers to meet their expectations.
Finishing: In paint stock, a variety of paint finishes are required. Sometimes it is the requirement of the place. It can also be the personal choice of the person. Flat, matte, eggshell, satin, semi-gloss, and gloss are a few types of finishing that are mostly used. A good manufacturer will provide you with all these paint finishes.
What big is the paint industry?
According to yahoo finance, the global paint and coating industry earned $137.1 billion in 2021. Due to an increase in construction activities and architectural coating demand, this industry is expected to grow at a CAGR of 4% in the period of 2022-2027.