Paint and Coatings Raw Materials in 2025: It's All About
Raw material price increases for a basket of paint and coatings components appeared to be increasing by 2–5% in January 2025, but by mid-February price increases, in the range of 5–9% and often higher, were flooding the offices of coatings manufacturers’ purchasing departments.
‘Cost of raw materials affecting paints industry’ | The
With inflation and access to foreign exchange for raw materials becoming a challenge for local producers, paints manufacturers have raised concerns about the rising cost of raw materials...
The Demand for Coatings Raw Materials to 2025
The global coatings raw material market is estimated to be valued at approximately $63.5 billion on 34.3 million metric tons of materials. Raw Materials Market Analysis Raw materials used in the manufacturing of paints and coatings represent a relatively small (~5%) but extremely important component of the $4.5 trillion global chemicals industry.
Plasticizers in Paint & Coatings: Uses, Types and Selection
DOP or DnOP is light-colored, low volatility & odorless liquid. It was the most commonly used all-purpose plasticizer, although mainly used for polyvinyl chloride (PVC) resins. It is insoluble in water & has a low viscosity of 56 mPa.s at 25°C. DOP features: Good stability to heat and ultraviolet light; Broad range of compatibility, and
Product Review: Big brands dominating Nigeria’s Paint market
In 2012, the Nigerian paints and coatings market was worth an estimated $200 million with an estimated Compound Annual Growth Rate of 9.01%. According to Mr Chris Kiwanu, a consultant with the Bank of Industry, Nigeria’s paint industry is projected to record five per cent growth rate from its present estimated $268 million to $377 million by 2025.
- How do raw material prices affect the coating industry in Nigeria?
- Raw material prices in the coating industry are subject to significant fluctuations and volatility in Nigeria. This instability in prices can affect the profitability and viability of coating businesses, impacting the industry’s growth potential.
- Who are the leading paint manufacturers in Nigeria?
- Berger Paints Nigeria Plc and Portland Paints and Products Nigeria Plc are also prominent players, specializing in industrial coatings and automotive coatings, respectively. These companies have established manufacturing facilities in strategic locations across the country.
- What is the potential market for marine coatings in Nigeria?
- Marine coatings also have a potential market due to Nigeria’s extensive coastline and growing maritime activities. In general, Nigeria’s coating industry is experiencing significant growth, driven by infrastructure development, industrialization, and a growing middle class.
- What is the growth rate of coatings market in Nigeria?
- Market studies indicate a compound annual growth rate (CAGR) of 4% in the coming years. The coatings market is highly competitive, with both domestic and international players vying for market share. Leading the Nigerian coating industry is CAP plc, which holds a significant market share.
- Why is Nigeria moving towards water based coatings?
- Nigeria’s coating industry has experienced a notable shift towards water-based coatings. This transition is primarily driven by the environmental impact associated with solvent-based coatings. Water-based coatings have lower levels of VOCs, minimizing air pollution and health risks.
- Why are protective coatings a key trend in Nigeria's coating industry?
- The growing demand for protective coatings has emerged as a key trend in Nigeria’s coating industry. With increasing infrastructure development projects across the country, there is a significant need for coatings that can protect structures from corrosion, weathering, and other environmental challenges.
