The paint industry is a multi-billion dollar industry that is constantly evolving. As technology advances, new products and services are being developed to meet the needs of consumers.
With such a large and ever-changing industry, it is important to stay up to date on the latest paint industry statistics. In this blog post, we will explore the latest paint industry statistics and trends to help you stay informed and make the best decisions for your business.
Paint Industry: The Most Important Statistics
Production volume of water-based resin paint in Japan decreased from 172.3 thousand tons in 2017 to 147.3 thousand tons in 2021.
The Chinese paint manufacturing industry experienced a steady year-on-year growth, reaching a peak of 89.25 billion US dollars in 2021 and is estimated to grow further in 2022.
Paint Industry Statistics Overview
In 2021, twenty countries accounted for 85% of the world's paint exports, with Germany and the US leading the way at 16.9% and 10.1%, respectively.
This shows which countries are the biggest exporters of paint, and which countries are the most important in the global market.
Sherwin-Williams is the leading paints and coatings company worldwide in 2021, with five of the top ten companies based in the US.
In 2021, the production volume of paints in Japan decreased to 1.53 million tons, compared to 1.65 million tons in 2018 and 2019.
This displays the recent trend of decreasing production volume in Japan, which could indicate a decrease in demand for paint products or a decrease in resources available to produce paint. This could have an effect on the industry as a whole, as well as on the businesses that produce paint in Japan.
Production volume of water-based resin paint in Japan decreased from 172.3 thousand tons in 2017 to 147.3 thousand tons in 2021.
The projected revenue of painting and glazing in France will amount to approximately 13.11 billion U.S. Dollars by 2025.
The projected revenue of painting and glazing in the UK will amount to approximately 6,609.61 million US Dollars by 2025.
It shows that the industry is expected to grow in the coming years, which could be beneficial for businesses.
The Chinese paint manufacturing industry experienced a steady year-on-year growth, reaching a peak of 89.25 billion US dollars in 2021 and is estimated to grow further in 2022.
This highlights the growth of the paint manufacturing industry in China, which is a major player in the global paint industry. This growth indicates that the industry is likely to continue to be a major contributor to the global economy in the years to come.
The paint manufacturing industry in China had a market size of 94 billion US dollars and employed over 311,000 people in 2022. China is therefore one of the largest paint manufacturing markets in the world.
The projected revenue of the Industrial Paint Service in Brazil is estimated to reach 535 million US Dollars by 2025.
Decorative paints accounted for more than 83% of paint production in Brazil in 2021, while paints for industrial purposes accounted for 11%.
Conclusion
In conclusion, the paint industry is a large and growing industry with a wide range of products and services. The industry is highly competitive and requires a great deal of innovation and creativity to remain competitive.
The paint industry is also a major contributor to the economy, providing jobs and revenue for many countries. As the industry continues to grow, it is important to stay informed about the latest trends and statistics in order to make informed decisions and stay ahead of the competition.
References
1 - https://www.statista.com/statistics/1079889/distribution-global-paint-exports-by-country/
2 - https://www.statista.com/statistics/543989/leading-paint-companies-worldwide-by-revenue/
3 - https://www.statista.com/statistics/740703/japan-paints-production-volume/
4 - https://www.statista.com/statistics/1350190/japan-water-based-resin-paint-production-volume/
5 - https://www.statista.com/forecasts/391565/painting-and-glazing-revenue-in-france
6 - https://www.statista.com/forecasts/397413/painting-and-glazing-revenue-in-the-united-kingdom
7 - https://www.statista.com/statistics/1250662/china-paint-manufacturing-industry-market-value/
8 - https://www.statista.com/statistics/1250655/paint-manufacturing-industry-china-selected-figures/
9 - https://www.statista.com/forecasts/1273414/industrial-paint-service-revenue-in-brazil
10 - https://www.statista.com/statistics/1016296/share-sales-volume-paint-industry-segment-brazil/
