Australia Paints and Coatings Market Report and Forecast 2025-2034

According to this report, the Australia paints and coatings market size reached almost AUD 3.9 billion in 2024. Assisted by the increasing demand from various end-user industries coupled with the shift towards eco-friendly and low-VOC (volatile organic compound) products, the market is expected to grow at a CAGR of 1.40% between 2025 and 2034, reaching almost AUD 4.50 billion by 2034.

The construction industry is playing a pivotal role in driving the Australia paints and coatings market expansion. With a growing focus on infrastructure development, residential, and commercial construction projects, the demand for coatings that offer durability and weather resistance is on the rise. The increasing adoption of green building practices and eco-conscious materials has further boosted the demand for environmentally friendly paints and coatings. As consumers become more aware of the impact of conventional products on indoor air quality and the environment, there is a shift towards low-VOC and water-based coatings, which are perceived as safer and more sustainable alternatives.

Rising advances in the automotive sector are significantly contributing to the Australia paints and coatings market share. With a rising demand for vehicles and a growing emphasis on vehicle aesthetics, coatings are essential for providing the desired finish while ensuring the protection of automotive surfaces. The need for improved corrosion resistance and longer-lasting finishes is driving innovation in automotive coatings, leading to the development of advanced technologies such as scratch-resistant and self-healing coatings. Additionally, with the trend towards electric vehicles continuing to grow, there is an increasing demand for specialized coatings that offer better performance and aesthetics for electric vehicle surfaces.

As per the Australia paints and coatings market analysis, the demand for paints and coatings in the manufacturing industry is experiencing growth, particularly in the production of industrial equipment and machinery. Coatings play a critical role in protecting machinery and equipment from corrosion, chemical exposure, and wear and tear, ensuring their longevity and efficiency. As industries, such as mining, oil and gas, and manufacturing expand in Australia, the need for high-performance coatings continues to increase. Industrial coatings are also being used to improve the appearance of products, with a growing demand for coatings that provide unique textures, finishes, and colours.

Sustainability will act as a key driver of innovation in the Australian paints and coatings market. The push towards environmentally friendly products has led to the development of coatings with lower environmental impact, including water-based coatings, non-toxic ingredients, and recyclable packaging. The increasing regulatory pressures surrounding the use of VOCs and other harmful chemicals have prompted manufacturers to focus on creating coatings that are compliant with environmental standards, meeting the demand for safer and more sustainable solutions.

Technological advancements are reshaping the Australia paints and coatings market trends as manufacturers are investing in research and development to create coatings with enhanced properties, such as improved scratch resistance, anti-microbial protection, and better heat resistance. These innovations help meet the evolving needs of both industrial and residential customers, offering products that not only enhance the visual appeal of surfaces but also extend their lifespan and functionality. The development of advanced technologies, such as nanocoatings and self-cleaning coatings, is also gaining traction for providing additional value to customers seeking innovative solutions for surface protection.

Some of the challenges associated with Australia paints and coatings marketinclude the fluctuating raw material prices, supply chain disruptions, and increasing competition from international players. The availability and cost of key raw materials, such as resins and pigments, can significantly impact the overall production cost of paints and coatings.

Furthermore, as demand increases, manufacturers must ensure a consistent supply of raw materials and maintain product quality to meet customer expectations. Despite these challenges, the market remains optimistic, with ongoing innovation, increasing consumer demand, and a growing focus on sustainability driving the long-term growth prospects of the paints and coatings industry in Australia.

Looking ahead, the e-commerce boom will have a profound impact on the Australia paints and coatings market, as consumers increasingly turn to online platforms to purchase products. Online retailers offer a wide range of coatings with the convenience of home delivery, making it easier for both businesses and individuals to access the products they need.

E-commerce platforms also enable customers to compare prices, read reviews, and explore various product options, driving competition and offering greater choice in the market. The rise of direct-to-consumer (DTC) brands and the growing trend of DIY (do-it-yourself) home improvement projects will further contribute to the shift towards online sales in the paints and coatings industry.

Market Segmentation

The market can be divided based on product type, material, application, and region.

Market Breakup by Product Type

• Powder Coatings
• Waterborne Coatings
• High Solids/Radiation Curing
• Solvent-borne Coatings
• Others

Market Breakup by Material

• Polyester
• Acrylic
• Epoxy
• Alkyd
• Polyurethane
• Others

Market Breakup by Application

• Non-Architectural
• Architectural and Decorative

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia paints and coatings market.

Some of the major players explored in the report are as follows:

• Axalta Coating Systems Pty Ltd
• DuluxGroup (Australia) Pty Limited
• Tenaru Timber & Finishes Pty Ltd.
• Jotun A/S
• Ppg Industries Pty Ltd
• Others