Tuesday, 02 January 2024 12:17 GMT

Australia Paints And Coatings Market Projected To Reach USD 7.8 Billion By 2033


(MENAFN- IMARC Group) The latest report by IMARC Group, titled“ Australia Paints and Coatings Market Size, Share, Trends and Forecast by Product, Material, Application, and Region, 2025-2033 ,” offers a comprehensive analysis of the Australia paints and coatings market growth. The report also includes competitor and regional analysis, along with a breakdown of key segments within the industry. The Australia paints and coatings market size reached USD 5.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.1% during 2025–2033.

Report Attributes:
· Base Year: 2024
· Forecast Years: 2025–2033
· Historical Years: 2019–2024
· Market Size in 2024: USD 5.2 Billion
· Market Forecast in 2033: USD 7.8 Billion
· Market Growth Rate 2025–2033: 4.1%

For an in-depth analysis, you can refer to a sample copy of the report:
https://www.imarcgroup.com/australia-paints-coatings-market/requestsample

How Is AI Transforming the Paints and Coatings Market in Australia?

  • AI is enabling smart manufacturing with greater automation and predictive maintenance.
  • Machine learning is streamlining process control and quality assessment in real time.
  • AI-driven formulation platforms are optimizing eco-friendly, low-VOC product development.
  • Automated supply chain analytics are improving raw material procurement and logistics.
  • Data-driven customer insights are powering personalized marketing and demand forecasting.
  • Predictive analytics are supporting inventory and inventory restocking across retail outlets.
  • AI platforms are assisting regulatory compliance and environmental reporting.
  • Robotics and AI are automating blending and application processes for consistency.
  • Partnerships with tech firms are scaling digital transformation in manufacturing plants.
  • Digital twins are optimizing plant operations and resource utilization.

Australia Paints and Coatings Market Overview

  • More construction and infrastructure projects are leading to higher demand for products across the country.
  • Government rules and environmental building standards are encouraging the use of eco-friendly paints with low volatile organic compounds.
  • More people are renovating their homes, especially since the pandemic, which is helping the market grow.
  • The industry is developing water-based and powder coatings to follow environmental regulations.
  • Retail stores and online shopping are making it easier for do-it-yourself customers to access products.
  • Growth in mining, industry, and the automotive sector is increasing the need for industrial coatings.
  • A big rise in demand for paints that can withstand weather is helping this part of the market grow.
  • More people are choosing energy-efficient and high-performance coatings all over the country.
  • Opportunities to sell products abroad are growing, especially in the Asia-Pacific area.
  • Local companies are spending money on research and development, as well as eco-friendly technologies.

Key Features and Trends of Australia Paints and Coatings Market

  • More companies are moving towards using water-based and low-VOC, eco-friendly paint formulas.
  • There is more innovation in powder coatings used for industrial and building projects.
  • People in cities and wealthier areas are choosing higher-quality paints more often.
  • More buildings are using reflective and energy-saving coatings to improve efficiency.
  • Strict rules about quality and environmental impact are shaping how products are made and chosen.
  • Big brands are working together and buying smaller companies to grow their businesses.
  • Antimicrobial and self-cleaning coatings are being used more in places that get a lot of foot traffic.
  • There is a focus on using packaging that can be recycled and marketing that shows responsibility to the environment.
  • New technologies allow for custom paint finishes and personalized color matching.
  • New ways of selling and distributing products are being developed, including online and mixed models.

Growth Drivers of Australia Paints and Coatings Market

  • Construction and infrastructure projects are still happening in many states and territories.
  • More people are buying products that are good for the environment and their health.
  • New materials and coatings are being developed to make things last longer and work better.
  • The industrial, mining, and manufacturing sectors are growing quickly.
  • More people are doing home projects themselves and spending more on improving their homes.

Innovation & Market Demand of Australia Paints and Coatings Market

  • Eco-friendly product development is accelerating with new waterborne technologies.
  • Powder coatings are becoming more popular due to their durability and low emissions.
  • Digitalization is transforming supply chain, production, and customer engagement platforms.
  • Manufacturers are leveraging AI to speed up testing for new formulations.
  • Architectural and industrial end-users are demanding enhanced weather and corrosion resistance.
  • Custom and niche finishes for specialty projects are gaining traction in urban centers.
  • Online retail and e-commerce channels are meeting changing consumer buying habits.
  • Collaborations with construction and design firms are fueling tailored product development.
  • Export of Australian-made coatings is rising due to regional demand for quality products.
  • Industry participants are prioritizing sustainability certifications and green credentials.

Australia Paints and Coatings Market Opportunities

  • Scaling eco-friendly and low-VOC formulations for residential and public sector contracts.
  • Expansion in regional and remote markets with climate-adapted coating solutions.
  • Export growth opportunities in Asia-Pacific infrastructure and housing projects.
  • Upgrading manufacturing with smart automation and digital tracking systems.
  • Adoption of advanced, specialty coatings for mining, marine, and energy applications.
  • Development of powder coatings and high-performance products for industrial use.
  • Collaborations with property developers for green building compliant projects.
  • Launch of antimicrobial and health-focused coatings in healthcare and hospitality sectors.
  • Implementing advanced packaging and labeling for enhanced traceability.
  • Growth in renovation and repainting activities due to increasing real estate values.

Australia Paints and Coatings Market Challenges

  • Volatility in raw material prices and global supply chain disruptions impacting costs.
  • Navigating strict environmental and safety regulations for production and product safety.
  • Competition from low-cost imports and global brands challenging local manufacturers.
  • Gaps in consumer awareness hindering adoption of eco-friendly alternatives.
  • Meeting demand in saturated metropolitan markets requires continuous product innovation.
  • Labor shortages and skill gaps limiting efficiency improvements.
  • Capital intensity in upgrading to smarter, greener manufacturing technologies.
  • Compliance with new sustainability procurement policies adds complexity.
  • Fluctuating construction cycles and weather events affect end-user demand.
  • Ensuring high standards of product performance amid evolving consumer preferences.

Australia Paints and Coatings Market Analysis

  • Stable growth is supported by continued construction and infrastructure investment.
  • Waterborne and powder coatings lead the shift toward sustainability and safety.
  • Urban DIY trends and premium finishes strengthen architectural segment demand.
  • Industrial growth underpins rising use of protective and specialty coatings.
  • Domestic producers are responding to regulatory and market shifts through innovation.
  • Technological upgrades are improving operational efficiency and product quality.
  • Exports build resilience against domestic market saturation and economic cycles.
  • Strategic partnerships and digital transformation are enhancing competitiveness.
  • New government procurement rules push adoption of green-certified coatings.
  • The market remains adaptive amid challenges in supply, regulation, and consumer expectations.

Australia Paints and Coatings Market Segmentation:

  • By Product:
    o Waterborne Coatings
    o Solvent-borne Coatings
    o Powder Coatings
    o High Solids/Radiation Curing
    o Others
  • By Material:
    o Acrylic
    o Alkyd
    o Polyurethane
    o Epoxy
    o Polyester
    o Others
  • By Application:
    o Architectural and Decorative
    o Non-Architectural (Automotive and Transportation, Wood, General Industrial, Marine, Protective, and Others)
  • By Region:
    o Australia Capital Territory & New South Wales
    o Victoria & Tasmania
    o Queensland
    o Northern Territory & South Australia
    o Western Australia

    Australia Paints and Coatings Market News & Recent Developments:

    • In October 2023, Glasurit launched AraClass, a new range of sustainable clearcoats and undercoats, featuring EcoBalance products with reduced CO2 emissions.
    • In August 2023, Capral Aluminium installed a vertical powder coating line and acquired Allyman Aluminium to expand sustainable operations and distribution.
    • In July 2024, Taubmans (PPG) launched low-VOC, water-borne interior paints; DuluxGroup introduced Weathershield Performance, a premium weather-resistant exterior paint.

    Australia Paints and Coatings Market Key Players:

    • DuluxGroup (Australia) Pty Limited
    • Axalta Coating Systems Pty Ltd.
    • PPG Industries, Inc.
    • Akzo Nobel Coatings
    • Benjamin Moore & Co.
    • Henry Haymes Pty Ltd.
    • Wattyl Australia Pty Ltd.
    • Jotun A/S
    • Norglass Paints and Specialty Finishes
    • Wagon Paints Australia Pty Ltd.
    • Hannah Zev Holdings Pty Limited

    Key Highlights of the Report:

  • Market Performance (2019–2024)
  • Market Outlook (2025–2033)
  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

    Note: If you need specific information not currently within the scope of the report, we can provide it to you as part of the customization.

    FAQs: Australia Paints and Coatings Market

    Q1: What is the market forecast for the Australia paints and coatings market?
    A: The market is expected to reach USD 7.8 Billion by 2033, growing at a CAGR of 4.1% during 2025-2033.

    Q2: Which segments drive the Australia paints and coatings market?
    A: Architectural (residential and commercial) coatings, industrial, and specialty coatings are key growth segments.

    Q3: How is AI impacting the market?
    A: AI enhances smart manufacturing, predictive quality control, and accelerates product innovation and supply chain management.

    Q4: What are the major trends shaping the industry?
    A: Transition to low-VOC, powder, and waterborne coatings; sustainability certification; and digital transformation in sales and production.

    Q5: What are the main challenges for paint manufacturers in Australia?
    A: Rising input costs, regulation, low-cost imports, and the need for technological modernization and sustainability compliance.

    About Us:
    IMARC Group is a leading market research company that provides management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our solutions include comprehensive market intelligence, custom consulting, and actionable insights to help organizations make informed decisions and achieve sustainable growth.

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