Australia Paints & Coatings Market Overview, 2028

Australia Paints & Coatings Market Overview, 2028

In many sectors of the economy, including infrastructure, the automotive, industrial, maritime, building, and paint and coatings for consumer use, Australia plays a decent role. The market is driven by factors such as economic growth, urbanization, renovation and refurbishment activities, and the need for protective and decorative solutions. Australia's construction industry, in particular, has a significant impact on the paints and coatings market. With a growing population and increasing urbanization, there is a continuous demand for residential, commercial, and infrastructure projects. Paints and coatings are essential in construction for enhancing aesthetics, protecting surfaces from weathering and corrosion, and improving durability. The automotive sector is another important driver of the paints and coatings market in Australia. As the demand for vehicles continues to rise, both in terms of manufacturing and refinishing, the need for high-quality coatings for protection, appearance, and performance is evident. Automotive coatings are used on vehicle bodies, parts, and components to enhance their visual appeal, provide corrosion resistance, and ensure longevity. Industrial coatings also have a significant presence in Australia. With diverse industries such as mining, oil and gas, manufacturing, and infrastructure development, there is a continuous requirement for coatings that offer protection against corrosion, chemical resistance, and abrasion. These coatings are crucial for maintaining the integrity of equipment, structures, and pipelines, ensuring their long-term performance and safety.
According to the report title, “Australia Paints and Coatings Market Outlook, 2028”, publish by Bonafide research, the market is anticipated to add USD 1.32 Billion from 2022 to 2028. Australia has seen significant advancements in anti-graffiti coatings. These coatings are designed to protect surfaces from graffiti vandalism and make it easier to remove graffiti without causing damage. They are widely used on public buildings, transportation infrastructure, and other surfaces prone to graffiti attacks. Also, Australia's warm climate and the need for energy-efficient solutions, there is growing interest in heat-reflective coatings. These coatings are designed to reflect solar heat, reducing the heat absorption of buildings and thus lowering cooling costs. They are particularly beneficial in regions with high temperatures and intense sunlight. Australia's vulnerability to bushfires has led to a high demand for fire-retardant coatings. These coatings are used to provide fire protection for structures, especially in bushfire-prone areas. They help delay the spread of flames, reduce heat transfer, and protect surfaces from damage. Nano coatings, which utilize nanotechnology, are gaining traction in the Australian market. These coatings offer enhanced properties such as improved scratch resistance, self-cleaning capabilities, anti-corrosion properties, and increased durability. They are increasingly used in various sectors, including automotive, marine, and construction. The paints and coatings industry in Australia is embracing digital color matching technologies. Advanced color-matching systems and software are being used to accurately match and reproduce specific colors, enabling more precise customization and reducing the time and effort required for color selection and mixing. There is a growing demand for specialty coatings in Australia. These coatings include anti-microbial coatings for healthcare facilities, high-performance coatings for industrial applications, coatings with specific chemical resistance properties, and coatings with unique visual effects for decorative purposes. The market is witnessing a shift towards tailored solutions to meet specific industry requirements.
In Australia, the key government association that oversees and regulates the paints and coatings market is the National Industrial Chemicals Notification and Assessment Scheme (NICNAS), which operates under the Department of Health. NICNAS was in the process of transitioning into a new regulatory framework called the Australian Industrial Chemicals Introduction Scheme (AICIS). The primary role of NICNAS is to regulate the introduction of industrial chemicals, including those used in paints and coatings, into the Australian market. The association ensures that these chemicals are assessed for their potential risks to human health and the environment. It also establishes guidelines and requirements for the safe handling, storage, labeling, and transportation of these chemicals. Australia is known for its rich Aboriginal art heritage. The traditional art forms often utilize natural pigments and paints derived from minerals, ochre, and other organic materials. The Aboriginal art industry has a significant impact on the demand for specialized paints and coatings used in the creation and preservation of these artworks. Australia experiences high levels of UV radiation due to its geographical location and climate. As a result, there is a strong emphasis on UV resistance in paints and coatings. UV-resistant coatings are used to protect exterior surfaces from fading, chalking, and degradation caused by prolonged exposure to sunlight. Australia's extensive coastline poses unique challenges for paints and coatings. Coastal areas are exposed to saltwater, high humidity, and extreme weather conditions, requiring coatings with excellent durability and corrosion resistance. Manufacturers develop specialized coatings specifically designed for these demanding environments. Architectural design trends and styles influence the choice of paints and coatings in Australia. Modern architectural designs often incorporate a mix of materials and finishes, resulting in a demand for innovative coatings that can create desired aesthetics, such as metallic finishes, textured surfaces, and unique color combinations. In Australia, Paints and coatings are widely used in the construction industry for both residential and commercial buildings. They are used to protect and decorate surfaces such as walls, ceilings, floors, and exterior facades. Paints and coatings help enhance the aesthetics, provide weather resistance, and improve durability. In addition, the automotive sector in Australia relies on paints and coatings for vehicle manufacturing and refinishing. These coatings are used for corrosion protection, aesthetic appeal, and durability. They include primers, basecoats, clearcoats, and specialty coatings for various automotive parts and components.
With a growing emphasis on environmental sustainability, there is increasing focus on paint recycling and proper waste management in Australia. Various initiatives and programs have been introduced to encourage responsible disposal of paint products and recycling of leftover paint to minimize environmental impact. Reflective road markings play a crucial role in ensuring road safety, especially during nighttime or adverse weather conditions. Australia has been adopting innovative technologies, such as thermoplastic and epoxy-based coatings with glass beads, to improve visibility and enhance road marking performance. Australia's paints and coatings industry has a presence in the global market, with several manufacturers exporting their products. Australian coatings are renowned for their quality, performance, and compliance with international standards. Some companies specialize in manufacturing niche coatings for specific industries and export them to various countries. Australia's extensive coastline and maritime activities contribute to the demand for marine coatings. These coatings are used in shipbuilding, maintenance, and repair, as well as for protecting offshore structures from corrosion, fouling, and harsh environmental conditions. The marine industry requires coatings that provide excellent durability and resistance to saltwater, UV radiation, and mechanical stress. In the retail and DIY segment, paints and coatings have a strong presence as consumers seek products for home improvement projects. The availability of a wide range of paint types, colors, and finishes in retail stores caters to the diverse preferences of homeowners and DIY enthusiasts. The convenience and accessibility of these products contribute to the growth of the consumer paints and coatings market. The paints and coatings market in Australia is dynamic and constantly evolving to meet the needs of various sectors. The focus on sustainability, technological advancements, and regulatory compliance further shape the market landscape. Manufacturers, suppliers, and industry players continue to innovate and develop environmentally friendly and high-performance coatings to cater to the demands of the Australian market.
Considered in this report:
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Australia Paints and Coatings Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By Product Type:
• Waterborne Coatings
• Solventborne Coatings
• Powder Coatings
• UV Cured Coatings
• Others Segment Includes (Speciality Coating (Primer, Topcoat, Undercoat, etc.), Electron Beam Cure coating, High Solids Coatings, etc.)
By Application Type:
• Architectural
• Industrial
By Resin Type:
• Acrylic
• Alkyd
• Epoxy
• Polyester
• Polyurethane
• Fluoropolymers
• Vinyl
• Others
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.
Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to paints and coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.