Ghana Paints Market (2023-2029) | Forecast, Size, Growth, Share, Revenue, Segmentation, Value, Analysis, Trends, Industry, Outlook & COVID-19 IMPACT

Topics Covered in the Ghana Paints Market

Ghana Paints Market report thoroughly covers the market by resin, by technology, and by application. The Paints Market outlook report provides an unbiased and detailed analysis of the ongoing Paints Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Ghana Paints Market Synopsis

Ghana Paints Market is boosting at an exponential rate underpinned by the increasing population growth and urbanization in the country. Also, the growing end-users including construction, automotive, furniture, and others are surging demand for durable paint. With the growing paints industry potential in the country is attracting foreign companies to enter the market for investment.  

According to 6Wresearch, the Ghana Paints Market size is estimated to secure a tremendous growth rate during 2023-2029. The market growth is driven by the rising need for paint services in various sectors especially in the residential and commercial sectors. Also, the rising population rate in the country is estimated to create a favorable impact on market growth. Moreover, The rising construction projects in the country are leading to generating a high demand for durable paints, which has resulted in the widening of the Ghana Paints Industry landscape at an exponential rate the in the coming years. The growing middle-class population and increasing income levels, enable the population to afford to buy premium paints, leading to an increased demand for paint products. The rising environmental concern among the population, leading to increasing the demand for eco-friendly and sustainable paint products is estimated to surge Ghana paints market growth. The government has initiated and launched various policies to promote the local manufacturing industry, which includes the paint industry, which is increasing investment and production.

COVID-19 Impact on the Ghana Paints Market

The COVID-19 pandemic had created an adverse impact on the Ghana paints market in the country. On the back of the Paint, manufacturers had ceased their production in the country during the lockdown phase and with the disruption in the raw material supply had reduced the paints and coatings demand. Also, the closure of the commercial sector further resulted in a decline in paint products demand. Overall it is clear that COVID-19 had a negative impact on the market growth in the country.

Key Players in the Ghana Paints Market

There are several key players operating in the Ghana Paints Market are mentioned below:

• AkzoNobel
• PPG Industries
• Sherwin-Williams Company
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• Asian Paints Limited.

These above-mentioned are some key players operating, there are other numerous local paint companies and many other foreign brands are entering the market with the growing market landscape.

Market Analysis by Resin

According to shivankar, Research Manager, 6Wresearch, Acrylic resin-based paints are gaining momentum owing to various factors that are durability, and resistance to weathering and fading. Acrylic paints are ideal for a spectrum range of surfaces, such as concrete, wood, and metal.

Market Analysis by Technology

Based on the technology, Solvent-borne paints have been the traditional preference owing to their great durability and resistance to weathering. On the other hand, waterborne paints application is also increasing in the country due to their great features such as being eco-friendly with ease of application.

Market Analysis by Application

Based on the application, Architectural paints are estimated to dominate the Ghana paints market share in the country owing to rising demand for construction activities in Ghana, followed by factors like urbanization, high population growth, and a rising middle class.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Ghana Paints Market Outlook
• Market Size of Ghana Paints Market, 2022
• Forecast of Ghana Paints Market, 2029
• Historical Data and Forecast of Ghana Paints Revenues & Volume for the Period 2019 - 2029
• Ghana Paints Market Trend Evolution
• Ghana Paints Market Drivers and Challenges
• Ghana Paints Price Trends
• Ghana Paints Porter's Five Forces
• Ghana Paints Industry Life Cycle
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Resin for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Acrylic for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Alkyd for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Epoxy for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Polyurethane for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Polyester for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Waterborne for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Solventborne for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Powder for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Architectural for the Period 2019 - 2029
• Historical Data and Forecast of Ghana Paints Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Ghana Paints Import Export Trade Statistics
• Market Opportunity Assessment By Resin
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Application
• Ghana Paints Top Companies Market Share
• Ghana Paints Competitive Benchmarking By Technical and Operational Parameters
• Ghana Paints Company Profiles
• Ghana Paints Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Resin

• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Polyester

By Technology

• Waterborne
• Solvent borne
• Powder

By Application

• Architectural
• Industrial