| Product Code: ETC11611105 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Philippines coatings import market in 2024 saw significant contributions from top exporting countries such as Thailand, USA, China, Switzerland, and UK. The high Herfindahl-Hirschman Index (HHI) concentration in 2023 intensified even further in 2024, indicating a very high level of market concentration. Despite a negative Compound Annual Growth Rate (CAGR) of -1.12% from 2020 to 2024, the drastic growth rate decline of -34.3% from 2023 to 2024 highlights a challenging environment that stakeholders need to navigate for strategic insights and opportunities.

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 Philippines Coatings Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Coatings Market - Industry Life Cycle |
3.4 Philippines Coatings Market - Porter's Five Forces |
3.5 Philippines Coatings Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Philippines Coatings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Philippines Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activities and infrastructure development in the Philippines |
4.2.2 Increasing demand for eco-friendly and sustainable coatings |
4.2.3 Rise in automotive production and sales in the country |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Stringent environmental regulations impacting the coatings industry |
5 Philippines Coatings Market Trends |
6 Philippines Coatings Market, By Types |
6.1 Philippines Coatings Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Coatings Market Revenues & Volume, By Resin Type, 2021 - 2031F |
6.1.3 Philippines Coatings Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.1.4 Philippines Coatings Market Revenues & Volume, By Alkyd, 2021 - 2031F |
6.1.5 Philippines Coatings Market Revenues & Volume, By Epoxy, 2021 - 2031F |
6.1.6 Philippines Coatings Market Revenues & Volume, By Polyester, 2021 - 2031F |
6.1.7 Philippines Coatings Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.1.8 Philippines Coatings Market Revenues & Volume, By Vinyl, 2021 - 2029F |
6.2 Philippines Coatings Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Coatings Market Revenues & Volume, By Waterborne coatings, 2021 - 2031F |
6.2.3 Philippines Coatings Market Revenues & Volume, By Solvent-borne coatings, 2021 - 2031F |
6.2.4 Philippines Coatings Market Revenues & Volume, By Powder coatings, 2021 - 2031F |
6.2.5 Philippines Coatings Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Philippines Coatings Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Coatings Market Revenues & Volume, By Architectural, 2021 - 2031F |
6.3.3 Philippines Coatings Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 Philippines Coatings Market Revenues & Volume, By Others, 2021 - 2031F |
7 Philippines Coatings Market Import-Export Trade Statistics |
7.1 Philippines Coatings Market Export to Major Countries |
7.2 Philippines Coatings Market Imports from Major Countries |
8 Philippines Coatings Market Key Performance Indicators |
8.1 Number of green building certifications in the Philippines |
8.2 Adoption rate of advanced coating technologies |
8.3 Investment in research and development for new coatings formulations |
8.4 Percentage of automotive OEMs using high-performance coatings |
8.5 Rate of adoption of powder coatings in different industries in the Philippines |
9 Philippines Coatings Market - Opportunity Assessment |
9.1 Philippines Coatings Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Philippines Coatings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Philippines Coatings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Coatings Market - Competitive Landscape |
10.1 Philippines Coatings Market Revenue Share, By Companies, 2024 |
10.2 Philippines Coatings 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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