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The Australia industrial coating market size is projected to grow at a CAGR of 3.6% between 2024 and 2032.
According to industry reports, the demand for water-borne coatings in Australia is projected to grow at a high CAGR as companies like DuluxGroup are investing in eco-friendly coatings, with their 'EnvirO2' water-based industrial coatings line gaining popularity for its low VOC content and sustainable formulation.
The automotive sector in Australia is witnessing a surge in demand for high-performance coatings to protect vehicles from harsh environmental conditions. PPG Industries, a leading coatings manufacturer, introduced their 'Aquatex' series of corrosion-resistant coatings that enhance durability and longevity, tailored for automotive applications.
With the construction industry booming in Australia, the demand for protective coatings for infrastructure projects is on the rise. AkzoNobel, a key player in the industrial coatings market, reported a 10% increase in sales of their 'Interpon' powder coatings for construction applications. This trend is driving Australia industrial coating market growth by creating opportunities for coating manufacturers to supply high-quality products for diverse projects.
Water-borne coatings are also gaining prominence in the marine industry in Australia, with companies like Hempel introducing their 'Hempadur Avantguard' series of water-based coatings for marine applications as these coatings offer superior corrosion protection and environmental benefits.
Powder-based coatings are another segment in the Australia industrial coating market, offering benefits like abrasion resistance, fire resistance, and UV protection. Companies such as AkzoNobel and Jotun are prominent players in this segment, offering durable and versatile coating solutions for automotive and aerospace industries.
Australia Industrial Coating Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Region
Market players are focused on expanding product portfolios to include a wide range of environmentally friendly coatings like waterborne coatings which offer low VOC emissions.
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 Technology |
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Breakup by End Use |
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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 industrial coating market in Australia is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is being driven due to the increasing demand for protective coatings and corrosion-resistant solutions and technological advancements in coating manufacturing.
Key trends aiding the market expansion include the increasing focus on sustainable and environmentally friendly coatings, expansion of the aerospace industry in Australia, and rising demand for waterborne coatings in automotive and construction industries.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
The end use categories in this market are general industrial, automotive, electronics, aerospace, oil and gas, and power generation, among others.
Based on technology, the market segmentations include solvent borne, water borne, and powder based, among others.
Acrylic, polyurethane, epoxy, and polyester industrial coatings are considered in the report.
Key players in the market include Axalta Coating Systems, LLC, BASF SE, Jotun A/S, PPG Industries, Inc., Wagon Paints Australia Pty Ltd., AkzoNobel N.V., Sherwin-Williams Company, Wacker Chemie AG, Hempel A/S, and DuluxGroup Limited, among others.
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