Flying colours: Increased dwelling commencements have driven revenue growth

A range of factors have influenced the Decorative and Specialty Paint Manufacturing industry over the past five years. The industry mainly relies on demand from households, and from painters and decorators. These markets usually demand industry products when a newly constructed dwelling needs to be painted or when a property changes ownership. Activity in Australia's residential construction sector and renovation markets often filters upstream, influencing demand patterns for architectural and decorative (A&D) paints produced by the industry. Consumer sentiment also influences the industry's performance. Positive consumer sentiment indicates greater confidence about the general economy and household more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Subdued demand conditions in the residential construction sector have affected the industry
  • Many operators have improved operating efficiencies by automating production processes
  • Renovation activity is likely to increase over the next five years, supporting the industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Decorative and Specialty Paint Manufacturing industry is in the mature phase of its life cycle. The industry is currently characterised by clearly defined product segments and a slow rate of technological change (apart from environmentally led change). The range of industry products is largely stable, with little innovation occurring beyond water-based and solvent-based decorative paints, and specialty paints.Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is projected to rise by an annualised 3.0% over the 10 years through 2022-23, outperforming forecast real GDP growth of 2.5% over the same period. However, this growth rate has been pushed up by a sizeable increase in average wages over the five years through 2017-18. Exc...purchase to read more.

    Additional Insights for the Decorative and Specialty Paint Manufacturing Industry

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

  • Establishment of brand names
  • Having contacts within key markets
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Demand from painting and decorating services and Consumer sentiment index in the Decorative and Specialty Paint Manufacturing industry impact industry performance..

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    What's in this report

    What is the Decorative and Specialty Paint Manufacturing Industry?

    Companies operating in the industry primarily manufacture decorative paints. This includes architectural paints used by households, DIY enthusiasts and some commercial operators. The industry also manufactures specialty paints, such as artists’ colours and casein paints.

    Industry Products
  • Exterior decorative paints
  • Interior decorative paints
  • Specialty paints
  • Industry Activities
  • Decorative paint
  • Architectural paint
  • Artists' colours
  • Casein paints
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from painting and decorating services
  • Consumer sentiment index
  • Dwelling commencements
  • Number of housing transfers

  • Current Performance
  • Industry participation
  • Industry profitability
  • Housing market
  • Import competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Import competition
  • Sustainability
  • Table: Decorative and Specialty Paint Manufacturing Industry Revenue Outlook

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

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

  • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Basic Organic Chemical Manufacturing

  • Products & Services
  • Interior decorative paints
  • Exterior decorative paints
  • Specialty paints
  • Chart: Decorative and Specialty Paint Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Retailers
  • Exports
  • Chart: Major Market Segmentation for the Decorative and Specialty Paint Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Decorative and Specialty Paint Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Decorative and Specialty Paint Manufacturing Industry

  • Industry Globalization
    DuluxGroup Limited, Sherwin-Williams (Australia) Pty Ltd, PPG Industries Australia Pty Ltd,
  • Table: DuluxGroup Limited - financial performance
  • Table: Sherwin-Williams (Australia) Pty Ltd - financial performance
  • Table: PPG Industries Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Decorative and Specialty Paint 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 Decorative and Specialty Paint Manufacturing Industry
  • 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
    A&D Paint
  • Stands for Architectural and decorative paint and includes both water and solvent based interior and exterior paints.
  • Big-Box Stores
  • Warehouse-style retail outlets that offer a diverse range of products.
  • Do-It-Yourself (Diy)
  • Renovations and refurbishments completed by homeowners rather than by hired skilled tradespeople.
  • Volatile Organic Compounds (Vocs)
  • Organic chemicals that have a high vapour pressure at room temperature. VOCs that are used in paint production can be environmentally harmful.
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    Why buy this report?

    IBISWorld’s Decorative and Specialty Paint Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Decorative and Specialty Paint Manufacturing:
    • 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 Decorative and Specialty Paint Manufacturing 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 Decorative and Specialty Paint Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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