AUSTRALIA ARCHITECTURAL COATINGS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for architectural coatings in Australia is anticipated to grow at a CAGR of 2.81%. Since 2016, the growth rate of architectural coatings in Australia and New Zealand has been inconsistent. In the same year, the consumption of commercial architectural paints and coatings increased by 23%, but the segment had a growth of -0.50% the following year. The increase in sales from the DIY market, which was impacted by COVID's increased home remodeling activities, is responsible for the growth seen in 2020.

  • The region's residential sector held the highest share, which oscillates around 63.5%. This has enabled the total architectural paint and coatings consumption to witness a CAGR of 2.10% in 2016-2021, even though both residential and commercial sectors have observed a few negative growth rate years in the said period.
  • The commercial sector's share in the region of Australia and New Zealand, is expected to increase during the forecast period, as the region is attracting a lot of strategic corporate partnerships due to the QUAD alliance. This has affected the overall growth of the country, similarly, the overall architectural paints and coatings market is expected to continue at a CAGR of 1.34% between the period 2022-2028
Major Players: Hempel A/S, Jotun, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc. and Resene Group


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