Pakistan Paints and Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester and other Resin Types), Technology (Water-Borne and Solvent-Borne), and End-User Industry (Architectural, Automotive, Wood, Industrial Coatings, Transportation, and Packaging). The report offers market size and forecasts for Pakistan paints and Coatings Market in Revenue (USD Million) for all the above segments.

Market Snapshot

Market Overview- Pakistan Paints and Coatings Market
Study Period: 2017-2027
Base Year: 2021
CAGR: >4 %

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Market Overview

The pakistan paints and coatings market is expected to grow at a CAGR of over 4% during the forecast period. 

Major factor driving the market studied is growing demand of paints and coatings from architectural coating. 

  • Growing infrastructural activities in pakistan is forecasted to offer various opportunities for the growth of the market over the forecast period.
  • Acrylic resin is expected to dominate the market studied over the forecast period.
  • Paints and coatings from architectural application is likely to dominate the market owing to rise in constructional activity and development of rural area.

Scope of the Report

The Pakistan paints and coatings market is segmented by resin, technology, end-user industry, and geography. By resin, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. The market is segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester and other Resin Types), Technology (Water-Borne and Solvent-Borne), and End-User Industry (Architectural, Automotive, Wood, Industrial Coatings, Transportation, and Packaging). For each segment, the market sizing and forecasts have been done on the basis of Revenue (USD Million).

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Water-borne
Solvent-borne
End-user Industry
Architectural
Automotive
Wood
Industrial Coatings
Transportation
Packaging

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Key Market Trends

Acrylic Resins to Dominate the Market

  • Acrylic resins are one of the widely used polymers in the paints and coatings industry. The two principal forms of acrylics used are thermoplastic and thermoset.
  • Thermoplastic acrylic resins are of two types, namely solution acrylics and acrylic latex coatings, while Thermoset acrylic resins are used in product finishes for metal furniture coatings, automotive topcoats, maintenance coatings, appliances, and other original equipment manufacture finishes.
  • Acrylic resins have properties, such as transparency, high color ability, and UV resistance, in coating solutions. They are used in water-borne systems very often, which result in low VOC emission.
  • Application of acrylic coatings is primarily found in the construction industry, for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand, owing to environmental concerns, like the negative impact of VOCs affecting the air quality in the environment.
  • Owing to the above mentioned factors demand for acrylic resin type is likely to dominate the market studied over the coming years.
Pakistan Paints and Coatings Market Revenue Share

Architectural Coatings to Dominate the Market

  • Paints and coatings are not only used in the interiors of houses to add colors or decorative purposes, but also to perform a wide range of functions. Their functions vary depending on the type of environment and room that they are used on.
  • Paints and coatings are applied on the exterior of the house to not only to give them a new look, but also to protect them from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling away, and cracking.
  • Architectural/decorative coatings are the most significant type of coatings used in Pakistan, where residential and commercial construction activities extensively drive the demand and these decorative paints are either oil- or water-based paints for aesthetic purposes for both interior and exterior applications.
  • The Pakistan Bureau of Statistics (PBS) estimates that public Gross Fixed Capital Formation (GFCF) in construction increased by 18 % in the financial year (FY) 2021 (July 2020-June 2021) as a result of increased infrastructure investment by the Lahore Development Authority and the Capital Development Authority.
  • According to the State Bank of Pakistan (SBP), the amnesty scheme and government subsidies boosted housing and construction finance by 84 % in FY2021, with total outstanding debt reaching PKR305 billion (US$1.9 billion) in September 2021, up from PKR166 billion (US$1 billion) in September 2020.
  • Due to all the afroe mentioned factors Architectural Coating is expected to domintae the market in the upcoming future. 
Pakistan Paints and Coatings Market Revenue Share

Competitive Landscape

The Pakistan paints and coatings market is partially consolidated in nature with only few major players (Not in any particular order) dominating the market.Some of the major companies are AkzoNobel, Berger Paints Pakistan Limited, Brighto Paints, Diamond Paints, and Nippon Paint among others.

Recent Development

The recent developments pertaining to the major players in the market are being covered in the complete study

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Alkyd

      3. 5.1.3 Polyurethane

      4. 5.1.4 Epoxy

      5. 5.1.5 Polyester

      6. 5.1.6 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

    3. 5.3 End-user Industry

      1. 5.3.1 Architectural

      2. 5.3.2 Automotive

      3. 5.3.3 Wood

      4. 5.3.4 Industrial Coatings

      5. 5.3.5 Transportation

      6. 5.3.6 Packaging

  6. 6. DISTRIBUTION CHANNEL ANALYSIS

    1. 6.1 Architectural Coatings

      1. 6.1.1 Direct

      2. 6.1.2 Retail

    2. 6.2 Automotive Coatings

      1. 6.2.1 Direct

      2. 6.2.2 Retail

    3. 6.3 General Industrial & Protective Coatings

      1. 6.3.1 Direct

      2. 6.3.2 Retail

    4. 6.4 Transportation Coatings

      1. 6.4.1 Direct

      2. 6.4.2 Retail

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 7.2 Market Share/Ranking Analysis**

    3. 7.3 Strategies Adopted by Leading Players

    4. 7.4 Company Profiles

      1. 7.4.1 AkzoNobel

      2. 7.4.2 Berger Paints Pakistan Limited

      3. 7.4.3 Brighto Paints

      4. 7.4.4 Buxly Paints Limited

      5. 7.4.5 Diamond Paints

      6. 7.4.6 Happilac Paints

      7. 7.4.7 Jotun

      8. 7.4.8 Kansai Paints

      9. 7.4.9 Nippon Paint

      10. 7.4.10 Ritver Paints & Coatings

    5. *List Not Exhaustive
  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Pakistan Paints and Coatings Market market is studied from 2017 - 2027.

The Pakistan Paints and Coatings Market is growing at a CAGR of >4% over the next 5 years.

Berger Paints Pakistan Limited, Brighto Paints, Diamond Paints, Nippon Paint, AkzoNobel are the major companies operating in Pakistan Paints and Coatings Market.

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