The market is dominated by domestic suppliers, as imports account for 23.7% of total market size in 2021. B2B drives market demand, with B2B spending representing 56.4% of total demand in 2021. The UK has the third largest market size for paints and varnishes regionally, with demand reaching USD9.3 billion in 2021. Akzo Nobel UK Ltd is the largest company in the UK, generating 10.2% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 26.8% of total production value in 2021. The costs of the industry increase by 18.7% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 31.2% of production value in 2021, the third highest regionally. With production value of USD6.9 billion, the UK accounts for 11.9% of the Western Europe total in 2021.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in the United Kingdom: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in the United Kingdom: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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