Industry Analysis & Industry Trends
The Paint and Coatings Manufacturing industry is an important component of Australia's broader chemical segment, despite being in a decline phase. The industry includes major players with strong national and global brand names across 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.
Over the five years through 2015-16, the industry's performance has been held back by cyclical variations in Australia's housing market and the gradual structural decline of printing and motor vehicle manufacturing industries. Industry performance has been stagnant, with revenue contracting by an annualised 0.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry has a long life cycle and changes take place gradually. The industry is currently in a decline stage, with clearly defined product segments, the continued rationalisation of products, brands and players and a slow rate of technological change (outside of environmental led change) all prominent features of the industry. The industry's contribution to the economy is expected to decline by an annualised 1.9% over the 10 years through 2020-21. Meanwhile, the Australian economy will grow with GDP forecast to increase by an annualised 2.6% over the same time frame. Consequently, the industry will shrink in proportion to the rest of the economy as it underperforms relative to the economy as a whole... purchase to read more