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. Today, it remains a relatively important component of Australia's broader chemical segment.
One of the defining characteristics of the industry is the dominant position held by a few major players with a strong stable of national and global brand names within different price points and product segments. These major players operate on a vertically integrated basis so that competition occurs across the supply chain rather than just at the manufacturing level... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In view of the very gradual pace at which the industry changes, the industry has a very long life cycle. The industry is currently characterised by its decline stage in the cycle with clearly defined product segments, the continued rationalisation of products, brands and players and a slow rate of technological change all prominent features of the industry. As such, the industry's contribution to the economy is expected to decline by an annualised 1.0% over the 10 years through 2018-19. Meanwhile, the Australian economy will grow with GDP forecast to increase by an annualised 2.5% over the same time frame. Consequently, the industry's economic contribution will shrink in proportion to the rest of the economy... purchase to read more