Product Code: ETC017567 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Paints market currently, in 2023, has witnessed an HHI of 2886, Which has decreased slightly as compared to the HHI of 3124 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Singapore paints market is estimated to register a CAGR of 4.3% over the forecast period from 2020-2026. The rising demand for better quality, eco-friendly and cost efficient paints for various applications in residential and commercial sectors has been driving the growth of the paints industry in Singapore. Additionally, government initiatives such as stipulating mandatory paint certification are expected to further propel market growth during the forecast period. The trend towards green building construction is also likely to create lucrative opportunities for players operating in this industry segment over the next few years.
Growing need for improved aesthetic appeal of buildings due to changing consumer trends. Rising urbanization coupled with increasing disposable income leading to high demand from both residential and commercial sectors. Increasing adoption of low VOC content paints due its environmental sustainability.Government initiatives encouraging use of certified products such as fire retardant coatings.
Fluctuating raw material prices result in volatile production costs. The emergence of counterfeit products can damage manufacturers` reputations.
Sika AG, Nippon Paint Holding Co., Ltd., Kansai Paint Co., Ltd., Akzo Nobel NV, Jotun A/S.
The Covid-19 pandemic has had an adverse impact on many industries including that of Paints & Coatings because there was a decline in revenue due to disruption caused by lockdowns imposed around the world. However, some companies have reported increased online sales levels owing to strong brand recognition and presence among consumers worldwide which could lead to an overall increase in revenues despite the current crisis situation faced by markets globally. Thus, it can be said that post-pandemic effects will provide numerous opportunities for manufacturers looking forward expand their operations into new avenues providing customers with innovative solutions related to these products across regions where they operate currently or plan on entering soon after conditions improve significantly.
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 Singapore Paints Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Paints Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Paints Market - Industry Life Cycle |
3.4 Singapore Paints Market - Porter's Five Forces |
3.5 Singapore Paints Market Revenues & Volume Share, By Resin, 2020 & 2030F |
3.6 Singapore Paints Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.7 Singapore Paints Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Paints Market Trends |
6 Singapore Paints Market, By Types |
6.1 Singapore Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Singapore Paints Market Revenues & Volume, By Resin, 2020-2030F |
6.1.3 Singapore Paints Market Revenues & Volume, By Acrylic, 2020-2030F |
6.1.4 Singapore Paints Market Revenues & Volume, By Alkyd, 2020-2030F |
6.1.5 Singapore Paints Market Revenues & Volume, By Epoxy, 2020-2030F |
6.1.6 Singapore Paints Market Revenues & Volume, By Polyurethane, 2020-2030F |
6.1.7 Singapore Paints Market Revenues & Volume, By Polyester, 2020-2030F |
6.2 Singapore Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Singapore Paints Market Revenues & Volume, By Waterborne, 2020-2030F |
6.2.3 Singapore Paints Market Revenues & Volume, By Solventborne, 2020-2030F |
6.2.4 Singapore Paints Market Revenues & Volume, By Powder, 2020-2030F |
6.3 Singapore Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Singapore Paints Market Revenues & Volume, By Architectural, 2020-2030F |
6.3.3 Singapore Paints Market Revenues & Volume, By Industrial, 2020-2030F |
7 Singapore Paints Market Import-Export Trade Statistics |
7.1 Singapore Paints Market Export to Major Countries |
7.2 Singapore Paints Market Imports from Major Countries |
8 Singapore Paints Market Key Performance Indicators |
9 Singapore Paints Market - Opportunity Assessment |
9.1 Singapore Paints Market Opportunity Assessment, By Resin, 2020 & 2030F |
9.2 Singapore Paints Market Opportunity Assessment, By Technology, 2020 & 2030F |
9.3 Singapore Paints Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Paints Market - Competitive Landscape |
10.1 Singapore Paints Market Revenue Share, By Companies, 2023 |
10.2 Singapore Paints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |