Rolling along: Renovations and rising house prices have supported industry growth

Paint and coating products are used to decorate and protect surfaces. They provide both aesthetic appeal and act as a protective barrier to extend the useful life of the surfaces to which they are applied. Therefore, these products are an integral part of everyday life and the wider economy. The performance of the Paint and Coatings Manufacturing industry is influenced by several economic variables, often cyclical in nature. Higher capital expenditure on construction and rising house prices have boosted demand for various paints and coatings over the past five years. Discretionary income growth and strong consumer sentiment have also encouraged consumers to spend money on household renovations and alterations, with several key regions enjoying a housing boom...read more.

Industry Statistics & Market Size
Revenue
$885m
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
2,100
Businesses
60

Industry Threats & Opportunities

  • Green paints and higher performance coatings are forecast to drive industry growth
  • Import penetration has increased with international players switching to import-only business models
  • Paint manufacturers are anticipated to expand their product offerings in nearby regional markets
  • Industry Report - Industry Investment Chapter

    The industry is moderately capital-intensive. The industry's production process is semi-automated. In 2017-18, the industry is expected to spend $4.60 on wages for every dollar spent on capital. Over the past five years, increasing competition and increasingly stringent environmental controls have seen industry participants adopt new efficiency improving measures to reduce their cost base...purchase to read more.

    Additional Insights for the Paint and Coatings Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Paint and Coatings Manufacturing Industry are

  • Ability to accommodate environmental requirements
  • Effective cost controls
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on construction and Demand from painting and decorating services in the Paint and Coatings Manufacturing industry impact industry performance..

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    What's in this report

    What is the Paint and Coatings Manufacturing in New Zealand Industry?

    Companies in the industry mix pigments, solvents and binders into paints and coatings. Operators also manufacture allied paint products such as putties, caulking compounds, varnish removers and rubbing compounds. Companies that manufacture inks and toners are also included in the industry.

    Industry Products
  • Decorative paints
  • Industrial and special purpose coatings
  • Inks
  • Wood-care and other products
  • Industry Activities
  • Paint
  • Paint or varnish removers
  • Enamels, lacquers, stains and shellac
  • Ink including carbon, drawing, printing, writing and silk-screen ink
  • Toner
  • Fillers, putty and rubbing compound
  • Water repellent coatings (for concrete and masonry)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Capital expenditure on construction
  • Demand from painting and decorating services
  • Real household discretionary income
  • World price of crude oil
  • Demand from printing and printing support services

  • Current Performance
  • Participation
  • Margin pressures
  • Challenges
  • Environmental stimulus
  • Chart: Revenue Growth

  • Industry Outlook
  • New growth drivers
  • Table: Paint and Coatings Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Paint and Coatings Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Printing in New Zealand
  • House Construction in New Zealand
  • Painting and Decorating Services in New Zealand
  • Hardware and Building Supplies Retailing in New Zealand
  • Hardware Wholesaling in New Zealand

  • Key Selling Industries
  • Industrial and Agricultural Chemical Product Wholesaling in New Zealand

  • Products & Services
  • Decorative paints
  • Industrial and special purpose coatings
  • Wood-care and other products
  • Inks
  • Chart: Paint and Coatings Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households and tradespeople
  • Industrial users
  • Exports
  • Printing companies
  • Chart: Major Market Segmentation for the Paint and Coatings Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Paint and Coatings Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Paint and Coatings Manufacturing Industry

  • Industry Globalization
    Resene Paints Limited, DuluxGroup (New Zealand) Pty Ltd, PPG Industries New Zealand Limited, Valspar Paint (NZ) Limited,
  • Table: Resene Paints Limited - financial performance
  • Table: DuluxGroup (New Zealand) Pty Ltd - financial performance
  • Table: PPG Industries New Zealand Limited - financial performance
  • Table: Valspar Paint (NZ) Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Paint and Coatings Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Paint and Coatings Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Decorative Coatings
  • Coatings used on buildings including houses, flats, offices, manufacturing facilities and warehouses. They can also be referred to as architectural paints.
  • Varnishes
  • Clear or semi-transparent wood coatings.
  • Volatile Organic Compound (Voc)
  • Paints and coatings often use man-made volatile organic compounds, which can be dangerous to human health and cause environmental harm.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Paint and Coatings Manufacturing in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Paint and Coatings Manufacturing in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Paint and Coatings Manufacturing in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Paint and Coatings Manufacturing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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