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Australia Architectural Coatings Market Size

The Australia Architectural Coatings Market is projected to experience growth over the forecast period, driven by the residential sector's demand, which surpasses that of the commercial sector due to a higher volume of residential building floor area. The market's expansion is further supported by the preference for waterborne technology, influenced by voluntary VOC requirements and a consumer inclination towards green products. Acrylic resin dominates the market, with its share being significantly larger than that of Epoxy and Polyurethane combined, and Alkyd also holds a notable position in the market.

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Market Size of australia architectural coatings Industry

Australia Architectural Coatings Market
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svg icon Study Period 2016 - 2028
svg icon Market Size (2024) USD 1.13 Billion
svg icon Market Size (2028) USD 1.25 Billion
svg icon Largest Share by Sub End User Residential
svg icon CAGR (2024 - 2028) 2.56 %
svg icon Fastest Growing by Sub End User Residential
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Australia Architectural Coatings Market Analysis

The Australia Architectural Coatings Market size is estimated at USD 1.13 billion in 2024, and is expected to reach USD 1.25 billion by 2028, growing at a CAGR of 2.56% during the forecast period (2024-2028).

  • Largest Segment by End-user - Residential : Compared to commercial floor area, Australia and New Zealand has been observing higher volume of residential building floor area resulting in high architectural paint consumption from the residential sector.
  • Largest Segment by Technology - Waterborne : Australia and New Zealand region has Voluntary VOC requirements, the share of waterborne is still largest as the consumers prefer green products in the region.
  • Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin in Australia and New Zealand. Further, the percentage share of Epoxy and Polyurethane combined is lesser than that of Alkyd share in the country.
Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.

This section covers the major market trends shaping the Australia Architectural Coatings Market according to our research experts:

Residential is the largest segment by Sub End User.

  • The growth rate of architectural coatings in Australia and New Zealand has been on volatile streak since 2016, in the same year commercial architectural paints and coatings consumption observed a 23% increase, while in the next year the segment observed a growth rate of -0.50%. The growth registered in 2020 is due to sales increase from the DIY segment, influenced by COVID enhanced home improvement activity.
  • The regions residential sector held the highest share, which oscillates around 63.5%. This has enabled the total architectural paint and coatings consumption to witness a CAGR of 2.10% in the period 2016-2021, even though both residential and commercial sector has observed a few negative growth rate years in the said period.
  • The commercial sector's share in the region of Australia and New Zealand, is expected to increase during the forecast period, as the region is attracting a lot of strategic corporate partnerships due to the QUAD alliance. This has affected the overall growth of the country, similarly, the overall architectural paints and coatings market is expected to continue at CAGR of 1.34% between the period 2022-2028
Australia Architectural Coatings Market

Australia Architectural Coatings Industry Segmentation

Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
Sub End User
Commercial
Residential
Technology
Solventborne
Waterborne
Resin
Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Other Resin Types
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Australia Architectural Coatings Market Size Summary

The Australia Architectural Coatings Market is experiencing a steady growth trajectory, driven by the robust demand in the residential sector, which accounts for the largest share of consumption. This demand is largely attributed to the higher volume of residential building floor area compared to commercial spaces in the region. The market is characterized by a preference for waterborne technologies, aligning with the voluntary VOC requirements and the consumer inclination towards environmentally friendly products. Acrylic resins dominate the market, reflecting their popularity and effectiveness in the region. The market has shown volatility in growth rates over the years, influenced by factors such as the COVID-19 pandemic, which spurred increased DIY home improvement activities, thereby boosting sales.

The market landscape is moderately consolidated, with a few key players holding significant market shares. Companies like Hempel A/S, Jotun, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., and Resene Group are prominent in the market. Strategic acquisitions, such as Hempel A/S's acquisition of Wattyl and Nippon Paint Holdings Co., Ltd.'s acquisition of DuluxGroup Ltd., have been pivotal in strengthening their market positions. The commercial sector is anticipated to gain a larger share in the coming years, supported by strategic corporate partnerships and alliances in the region. Overall, the architectural coatings market in Australia is poised for continued growth, with a focus on innovation and sustainability.

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Australia Architectural Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Sub End User

      1. 1.1.1 Commercial

      2. 1.1.2 Residential

    2. 1.2 Technology

      1. 1.2.1 Solventborne

      2. 1.2.2 Waterborne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Alkyd

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyester

      5. 1.3.5 Polyurethane

      6. 1.3.6 Other Resin Types

Australia Architectural Coatings Market Size FAQs

The Australia Architectural Coatings Market size is expected to reach USD 1.13 billion in 2024 and grow at a CAGR of 2.56% to reach USD 1.25 billion by 2028.

In 2024, the Australia Architectural Coatings Market size is expected to reach USD 1.13 billion.

Australia Architectural Coatings Report Snapshots

Australia Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028