Paint and Coatings Manufacturing in New Zealand - Industry Market Research Report

On the wall: Demand is dwindling, but normalising global paint supply means revenue growth is inked

COVID-19 disruptions and a global paint shortage have been the key factors impacting the industry over the past five years. Lockdowns and restrictions, as well as upstream input shortages have contributed to dropping demand from key downstream manufacturing, printing and industrial construction industries leading to relatively stagnant revenue. Overall, industry revenue is expected to grow at an annualised 0.4% over the five years through 2022-23, to $891.1 million. This includes a 2.7% downshift in 2022-23, thanks to falling demand from the non-residential building market. 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. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.