| Product Code: ETC5297148 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Cyprus paint and coating import market in 2024 continued to be dominated by top exporting countries such as Greece, Belgium, Metropolitan France, Spain, and Italy. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market saw a modest compound annual growth rate (CAGR) of 2.15% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -14.98%, highlighting potential shifts in market dynamics or external factors influencing the industry.

The Paint And Coating market in Cyprus is projected to grow at a growing growth rate of 6.52% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Paint And Coating Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Paint And Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Paint And Coating Market - Industry Life Cycle |
3.4 Cyprus Paint And Coating Market - Porter's Five Forces |
3.5 Cyprus Paint And Coating Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cyprus Paint And Coating Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Cyprus Paint And Coating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Paint And Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Cyprus leading to increased demand for paints and coatings |
4.2.2 Rising disposable income and urbanization driving the renovation and remodeling activities, boosting the market |
4.2.3 Increasing awareness about eco-friendly and sustainable paints and coatings driving the market growth |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of paints and coatings |
4.3.2 Stringent regulations and policies related to VOC emissions and environmental impact affecting the market growth |
4.3.3 Intense competition among key market players leading to pricing pressures and margin constraints |
5 Cyprus Paint And Coating Market Trends |
6 Cyprus Paint And Coating Market Segmentations |
6.1 Cyprus Paint And Coating Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Paint And Coating Market Revenues & Volume, By Waterborne Coatings, 2021-2031F |
6.1.3 Cyprus Paint And Coating Market Revenues & Volume, By Solvent-borne Coatings, 2021-2031F |
6.1.4 Cyprus Paint And Coating Market Revenues & Volume, By Powder Coatings, 2021-2031F |
6.1.5 Cyprus Paint And Coating Market Revenues & Volume, By High Solids/radiation Curing, 2021-2031F |
6.1.6 Cyprus Paint And Coating Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Paint And Coating Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Paint And Coating Market Revenues & Volume, By Acrylic, 2021-2031F |
6.2.3 Cyprus Paint And Coating Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.4 Cyprus Paint And Coating Market Revenues & Volume, By Alkyd, 2021-2031F |
6.2.5 Cyprus Paint And Coating Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.6 Cyprus Paint And Coating Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.7 Cyprus Paint And Coating Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cyprus Paint And Coating Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Paint And Coating Market Revenues & Volume, By Architectural & Decorative, 2021-2031F |
6.3.3 Cyprus Paint And Coating Market Revenues & Volume, By Non-architectural, 2021-2031F |
7 Cyprus Paint And Coating Market Import-Export Trade Statistics |
7.1 Cyprus Paint And Coating Market Export to Major Countries |
7.2 Cyprus Paint And Coating Market Imports from Major Countries |
8 Cyprus Paint And Coating Market Key Performance Indicators |
8.1 Percentage of revenue generated from new product innovations and sustainable offerings |
8.2 Customer satisfaction index reflecting the quality and performance of paints and coatings |
8.3 Number of strategic partnerships and collaborations to expand market reach and product portfolio |
9 Cyprus Paint And Coating Market - Opportunity Assessment |
9.1 Cyprus Paint And Coating Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cyprus Paint And Coating Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Cyprus Paint And Coating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Paint And Coating Market - Competitive Landscape |
10.1 Cyprus Paint And Coating Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Paint And Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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