Product Code: ETC017747 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore paints and varnishes market is expected to witness a slow growth during the forecast period (2020-2026). The increasing demand for premium decorative paints, rising infrastructure activities in the country, and strong government initiatives towards waterborne coatings are some of the major factors driving the growth of this market. Moreover, growing awareness among consumers about environment friendly products such as zero VOCs is also expected to foster the market growth over the forecast period. However, volatile raw material prices may pose a challenge to manufacturers operating in this space.
Increasing Demand for Premium Decorative Paints ??? There has been an increase in consumer spending on high performance decorative paint products due to their superior quality compared with low cost alternatives.This trend is likely to fuel significant demand for premium decorating paints over traditional ones across Singapore during 2020-2026.Rising Infrastructure Activities??? Increasing urbanization and population rate have led several projects related to residential construction, industrial development as well as commercial buildings being undertaken by both public and private sectors which consequently will drive up the demand for architectural coating products including paints & varnishes across Singapore during 2020-2026.Government Initiatives Towards Waterborne Coatings ??? Several environmental regulations have been implemented by Government of Singapore mandating paint companies using minimum or no Volatile Organic Compounds (VOC) emissions into atmosphere which resulted into shift from solvent borne coatings towards waterborne painting solutions thus creating immense opportunity within marketspace over near future.
Volatility In Raw Material Prices - A key challenge faced by manufactures operating within Singapore Paint & Varnish Market is volatility in raw material prices owing mainly increased dependence upon importation from global sources due fluctuations in exchange rates, henceforth affecting bottom line profitability margins.Furthermore rise in price of crude oil further adds pressure onto MNC???s already dealing with reduced profits under Covid19 pandemic situation.
Sherwin Williams Co., AkzoNobel N.V., PPG Industries Inc., Nippon Paint Holdings.
Due COVID19 induced lockdowns most manufacturing activity came nearly grinding halt resulting into disrupted supply chain network coupled with constrained consumption levels leading overall slowdown economic activity causing severe impact on Painting & Varnishing industry thereby choking off revenues generated through sale products offered by companies operational within region.Nevertheless Companies are adapting new strategies like ecommerce sales channels, providing online support services ETC so that can gain better foothold amidst prevailing crisis scenario.
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 & varnishes Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Paints & varnishes Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Paints & varnishes Market - Industry Life Cycle |
3.4 Singapore Paints & varnishes Market - Porter's Five Forces |
3.5 Singapore Paints & varnishes Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Singapore Paints & varnishes Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Singapore Paints & varnishes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Paints & varnishes Market Trends |
6 Singapore Paints & varnishes Market, By Types |
6.1 Singapore Paints & varnishes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Paints & varnishes Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Singapore Paints & varnishes Market Revenues & Volume, By Water-borne paints and varnishes, 2020-2030F |
6.1.4 Singapore Paints & varnishes Market Revenues & Volume, By Solvent-borne paints and varnishes, 2020-2030F |
6.1.5 Singapore Paints & varnishes Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Paints & varnishes Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Singapore Paints & varnishes Market Revenues & Volume, By Transportations paints and varnishes, 2020-2030F |
6.2.3 Singapore Paints & varnishes Market Revenues & Volume, By Industrial paints and varnishes, 2020-2030F |
6.2.4 Singapore Paints & varnishes Market Revenues & Volume, By Construction paints and varnishes, 2020-2030F |
7 Singapore Paints & varnishes Market Import-Export Trade Statistics |
7.1 Singapore Paints & varnishes Market Export to Major Countries |
7.2 Singapore Paints & varnishes Market Imports from Major Countries |
8 Singapore Paints & varnishes Market Key Performance Indicators |
9 Singapore Paints & varnishes Market - Opportunity Assessment |
9.1 Singapore Paints & varnishes Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Singapore Paints & varnishes Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 Singapore Paints & varnishes Market - Competitive Landscape |
10.1 Singapore Paints & varnishes Market Revenue Share, By Companies, 2023 |
10.2 Singapore Paints & varnishes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |