Industry Analysis & Industry Trends
The first commercial production of paint in Australia dates back to the 1850s. Over the past century, the Paint and Coatings Manufacturing industry recorded strong growth in line with Australia's industrial development, before entering a slower growth phase as the industry matured. Despite now being in a decline phase, it remains a relatively important component of Australia's broader chemical segment.
One of the defining characteristics of the industry is the dominant position of a few major players that have a strong stable of national and global brand names within different pricepoints and product segments. These major players are vertically integrated, so competition occurs across the supply chain rather than just at the manufacturing level... purchase to read more
Industry Report - Industry Analysis Chapter
The Paint and Coatings Manufacturing industry has been struggling over the five years through 2014-15, with revenue expected to decrease by an annualised 3.2% to $3.0 billion. A downturn in the dwelling construction sector and a structural decline in the local printing and automotive industries have contributed to this weak performance. These conditions help explain the fall in industry revenue from 2010-11 through 2012-13. Revenue rose in 2013-14 due to small volume gains, and is forecast to increase again in 2014-15, albeit by a tepid annualised 0.9%. The Housing Institute of Australia's February 2015 forecasts show expenditure on housing renovations rising by just 0.2% in 2014-15, although growth in total investment in housing is expected to be a relatively healthier 3.5%... purchase to read more