Market Size of Australia Industrial Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia Industrial Coatings Market Analysis
The industrial coatings market in Australia is expected to register a CAGR of over 3% during the forecast period.
The COVID-19 pandemic negatively impacted the industrial coatings market in Australia since the major end-user industries were forced to close due to manpower shortages. Currently, it is anticipated that the market has returned to pre-pandemic levels.
- Increasing demand for protective coatings and growing usage of corrosion coatings are expected to drive the industrial coatings market's growth in Australia.
- The harmful environmental impact of solvent-borne coatings is the major factor hindering the growth of the target market.
- Increasing demand for highly durable products is anticipated to create new opportunities in the near future.
