In the fiscal year 2024, the overall consumption volume for paint in Japan was forecast at around 1.25 million tons. The main sector driving this demand was the building industry, with a consumption volume forecast of around 340 thousand metric tons.
The building sector as largest demander of paint
In Japan, paint is mainly demanded in the building and construction sector for exterior and interior walls and floors. Despite post-COVID-19 recovery and active redevelopment in the Tokyo metropolitan area, prolonged high prices have slowed down new construction starts, presenting additional challenges for the paint industry. Following the building sector, road vehicles, metal products, and the shipbuilding sector followed as the largest consumers of paint in Japan. Here coatings are used to optimize, protect, or decorate the surfaces of automobiles, ships, and trains.
Paint industry in Japan
In recent years, water-based resin paint was the type of paint with the largest consumption volume in Japan, followed by powder paint. Water-based resin paint is not just used for industrial and floor coatings but also for hygiene coatings, while powder paint is used for coatings on metal as it is harder than conventional paint. Even though the number of facilities in the Japanese paint manufacturing industry remains relatively small, Nippon Paint and Kansai Paint rank both among the largest paint manufacturing companies in Japan as well as among the paint companies with the largest global market share.
Forecast consumption volume of paint in Japan in fiscal year 2024, by industry
(in 1,000 metric tons)
fiscal year 2024; the fiscal year in Japan starts on April 1 and ends on March 31 of the following year
Supplementary notes
For fiscal year 2024, the source forecast a demand of 100 percent (1.25 million tons) compared to the previous year, based on forecasts that were publicly announced by the government, the private sector, as well as the results surveys from major manufacturers. The data was calculated based on the forecast demand quantity for fiscal year 2023 of 1.25 million tons (98 percent of the previous year).
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Japan Paint Manufacturers Association. (April 26, 2024). Forecast consumption volume of paint in Japan in fiscal year 2024, by industry (in 1,000 metric tons) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/
Japan Paint Manufacturers Association. "Forecast consumption volume of paint in Japan in fiscal year 2024, by industry (in 1,000 metric tons)." Chart. April 26, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/
Japan Paint Manufacturers Association. (2024). Forecast consumption volume of paint in Japan in fiscal year 2024, by industry (in 1,000 metric tons). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/
Japan Paint Manufacturers Association. "Forecast Consumption Volume of Paint in Japan in Fiscal Year 2024, by Industry (in 1,000 Metric Tons)." Statista, Statista Inc., 26 Apr 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/
Japan Paint Manufacturers Association, Forecast consumption volume of paint in Japan in fiscal year 2024, by industry (in 1,000 metric tons) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/ (last visited November 10, 2024)
Forecast consumption volume of paint in Japan in fiscal year 2024, by industry (in 1,000 metric tons) [Graph], Japan Paint Manufacturers Association, April 26, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1219754/japan-demand-volume-paint-by-industry/