The market is dominated by domestic suppliers, as imports account for 27.1% of total market size in 2022. Households drive market demand, with household spending representing 50.7% of total demand in 2022. The UK has the third largest market size for paints and varnishes regionally, with demand reaching USD8.9 billion in 2022. Akzo Nobel UK Ltd is the largest company in the UK, generating 10.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 27.6% of total production value in 2022. The total number of companies decreases in 2022, to 1,160 units. The costs of the industry decrease by 0.2% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 21.8% of production value in 2022, the third highest regionally. The industry’s exports share increases in 2022 to 22.7% of total production output. With production value of USD6.1 billion, the UK accounts for 10.8% of the Western Europe total in 2022.
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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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