Nigeria Decorative Paint and Coatings Market (2025-2031) | Size & Revenue, Segmentation, Industry, Value, Outlook, Share, Analysis, Companies, Growth, Competitive Landscape, Forecast, Trends

Market Forecast By Resin Type (Acrylic, Alkyd, Polyurethane, Polyester, Epoxy), By Product Type (Emulsion, Enamel, Wood Coating), By Application (Residential Construction, Non- Residential Construction), By Technology (Water-Based, Solvent-Based, High Solids, Powder), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC8622973 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Nigeria Decorative Paint And Coatings Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Nigeria saw significant imports of decorative paint and coatings from Egypt, India, Italy, China, and Germany, reflecting a diverse range of sources. However, the high concentration of the Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key players. The compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -17.91%, with a steep decline in the growth rate from 2023 to 2024 at -44.81%, suggesting challenges and fluctuations in the Nigerian market for decorative paint and coatings.

Nigeria Decorative Paint And Coatings Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Nigeria Decorative Paint and Coatings Market Outlook
  • Market Size of Nigeria Decorative Paint and Coatings Market, 2024
  • Forecast of Nigeria Decorative Paint and Coatings Market, 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Revenues & Volume for the Period 2021- 2031
  • Nigeria Decorative Paint and Coatings Market Trend Evolution
  • Nigeria Decorative Paint and Coatings Market Drivers and Challenges
  • Nigeria Decorative Paint and Coatings Price Trends
  • Nigeria Decorative Paint and Coatings Porter's Five Forces
  • Nigeria Decorative Paint and Coatings Industry Life Cycle
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Resin Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Acrylic for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Alkyd for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Polyurethane for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Polyester for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Epoxy for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Product Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Emulsion for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Enamel for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Wood Coating for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Residential Construction for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Non- Residential Construction for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Technology for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Water-Based for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Solvent-Based for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By High Solids for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Powder for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Distribution Channel for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Online for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Decorative Paint and Coatings Market Revenues & Volume By Offline for the Period 2021- 2031
  • Nigeria Decorative Paint and Coatings Import Export Trade Statistics
  • Market Opportunity Assessment By Resin Type
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Distribution Channel
  • Nigeria Decorative Paint and Coatings Top Companies Market Share
  • Nigeria Decorative Paint and Coatings Competitive Benchmarking By Technical and Operational Parameters
  • Nigeria Decorative Paint and Coatings Company Profiles
  • Nigeria Decorative Paint and Coatings Key Strategic Recommendations

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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 Nigeria Decorative Paint and Coatings Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, 2021 & 2031F

3.3 Nigeria Decorative Paint and Coatings Market - Industry Life Cycle

3.4 Nigeria Decorative Paint and Coatings Market - Porter's Five Forces

3.5 Nigeria Decorative Paint and Coatings Market Revenues & Volume Share, By Resin Type, 2021 & 2031F

3.6 Nigeria Decorative Paint and Coatings Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.7 Nigeria Decorative Paint and Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Nigeria Decorative Paint and Coatings Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.9 Nigeria Decorative Paint and Coatings Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Nigeria Decorative Paint and Coatings Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing urbanization and infrastructure development in Nigeria increasing the demand for decorative paint and coatings.

4.2.2 Rising disposable income and changing consumer preferences towards aesthetically pleasing interiors driving the market growth.

4.2.3 Expansion of the real estate sector and increasing construction activities fueling the demand for decorative paint and coatings.

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting the production costs and profitability of decorative paint and coatings manufacturers.

4.3.2 Lack of skilled labor and technical expertise in applying decorative paint and coatings affecting the market growth.

4.3.3 Stringent environmental regulations and sustainability concerns challenging the production and usage of certain types of decorative paint and coatings.

5 Nigeria Decorative Paint and Coatings Market Trends

6 Nigeria Decorative Paint and Coatings Market, By Types

6.1 Nigeria Decorative Paint and Coatings Market, By Resin Type

6.1.1 Overview and Analysis

6.1.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Resin Type, 2021- 2031F

6.1.3 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Acrylic, 2021- 2031F

6.1.4 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Alkyd, 2021- 2031F

6.1.5 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Polyurethane, 2021- 2031F

6.1.6 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Polyester, 2021- 2031F

6.1.7 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Epoxy, 2021- 2031F

6.2 Nigeria Decorative Paint and Coatings Market, By Product Type

6.2.1 Overview and Analysis

6.2.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Emulsion, 2021- 2031F

6.2.3 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Enamel, 2021- 2031F

6.2.4 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Wood Coating, 2021- 2031F

6.3 Nigeria Decorative Paint and Coatings Market, By Application

6.3.1 Overview and Analysis

6.3.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Residential Construction, 2021- 2031F

6.3.3 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Non- Residential Construction, 2021- 2031F

6.4 Nigeria Decorative Paint and Coatings Market, By Technology

6.4.1 Overview and Analysis

6.4.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Water-Based, 2021- 2031F

6.4.3 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Solvent-Based, 2021- 2031F

6.4.4 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By High Solids, 2021- 2031F

6.4.5 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Powder, 2021- 2031F

6.5 Nigeria Decorative Paint and Coatings Market, By Distribution Channel

6.5.1 Overview and Analysis

6.5.2 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Online, 2021- 2031F

6.5.3 Nigeria Decorative Paint and Coatings Market Revenues & Volume, By Offline, 2021- 2031F

7 Nigeria Decorative Paint and Coatings Market Import-Export Trade Statistics

7.1 Nigeria Decorative Paint and Coatings Market Export to Major Countries

7.2 Nigeria Decorative Paint and Coatings Market Imports from Major Countries

8 Nigeria Decorative Paint and Coatings Market Key Performance Indicators

8.1 Average selling price (ASP) of decorative paint and coatings in the Nigerian market.

8.2 Number of new product launches and innovations in the decorative paint and coatings sector.

8.3 Adoption rate of eco-friendly and sustainable decorative paint and coatings products in Nigeria.

8.4 Customer satisfaction levels and feedback on the quality and performance of decorative paint and coatings.

9 Nigeria Decorative Paint and Coatings Market - Opportunity Assessment

9.1 Nigeria Decorative Paint and Coatings Market Opportunity Assessment, By Resin Type, 2021 & 2031F

9.2 Nigeria Decorative Paint and Coatings Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.3 Nigeria Decorative Paint and Coatings Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Nigeria Decorative Paint and Coatings Market Opportunity Assessment, By Technology, 2021 & 2031F

9.5 Nigeria Decorative Paint and Coatings Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Nigeria Decorative Paint and Coatings Market - Competitive Landscape

10.1 Nigeria Decorative Paint and Coatings Market Revenue Share, By Companies, 2024

10.2 Nigeria Decorative Paint and Coatings Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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