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The Australia architectural coatings market size reached USD 1.16 billion in 2023. The market is expected to grow at a CAGR of 2.6% between 2024 and 2032, reaching almost USD 1.47 billion by 2032.
Architectural coatings are indispensable for safeguarding and enhancing the aesthetics of buildings across Australia, serving both residential and commercial construction projects. The market thrives on the country's rising construction sector and the escalating demand for sustainable coating solutions. These coatings encompass paints, varnishes, stains, and sealants tailored for application on various architectural structures. Key market drivers include the expanding construction industry, heightened focus on sustainable building practices, and technological innovations driving product enhancements.
Australia's construction industry experiences remarkable growth propelled by factors like population expansion, urbanisation, and infrastructure development, necessitating architectural coatings for protection and beautification. Moreover, there's a growing preference for eco-friendly coatings with minimal environmental impact, driving demand for low VOC formulations and aiding the Australia architectural coatings market development.
Technological advancements fuel continuous improvements in product formulations, application methods, and durability, meeting evolving demands. The robust construction sector, coupled with urbanisation and population growth, further amplifies the need for architectural coatings. Renovation and maintenance projects also contribute substantially to market demand as older structures undergo refurbishment.
Notably, investments in infrastructure and increasing awareness of environmentally friendly coatings create growth opportunities. The rising demand for green and sustainable products underscores consumer preferences and long-term durability benefits, enhancing the market's value proposition. Additionally, the utilisation of waterproof coatings to prevent metallic rust in buildings presents further growth prospects for the industry.
The Australia architectural coatings market thrives on technological advancements, burgeoning construction activities, and the increasing preference for sustainable and environmentally friendly solutions, indicating a promising trajectory for the sector's growth.
Australia Architectural Coatings Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin Type
Market Breakup by Technology
Market Breakup by Function
Market Breakup by End-Use
Market Breakup by Region
Key players in the architectural coatings in Australia manufacture and provide products to support the end-users.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Resin Type |
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Breakup by Technology |
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Breakup by Function |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to be valued at USD 1.16 billion in 2023.
The market is projected to grow at a CAGR of 2.6% between 2024 and 2032.
The revenue generated from the architectural coatings market is expected to reach USD 1.47 billion in 2032.
The market is categorised according to its resin type, which includes alkyd, polyurethane, acrylic, epoxy, urethane, polyester, and others.
The key market players are DuluxGroup (Australia) Pty Limited, Keim Mineral Paints, Henry Haymes Pty Ltd., Ppg Industries Pty Ltd., Hannah Zev Holdings Pty Limited, 3M Australia Pty Limited, Resene Paints Ltd., Omega Industries, and others.
The market is driven by factors that include expanding construction industry, heightened focus on sustainable building practices, and technological innovations driving product enhancements, among others.
The market is categorised according to its function, which includes inks, paints, ceramics, lacquers, powder coatings, primers, stains, sealers, and varnishes.
Sherwin-Williams stands as the world's largest paint company. Operating under the Americas Group, Sherwin-Williams paint stores span across the United States, Canada, and the Caribbean.
Architectural paints encompass a variety of products such as interior and exterior paints, primers, sealers, varnishes, and stains. These coatings are commonly applied on-site to residential, commercial, institutional, and industrial buildings and are typically packaged and sold in five-gallon containers.
The STEEL-IT® protective paint for metal showcases remarkable durability, exhibiting resilience for over 10 years across diverse environments. It effectively resists scratching, denting, abrasion, corrosion, high water or air pressure, turbulent climates, harsh conditions in factories, and UV radiation.
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