The market is dominated by domestic suppliers, as imports account for 13.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2022. Japan has the third largest market size for paints and varnishes regionally, with demand reaching USD11.5 billion in 2022. Nippon Paint Holdings Co Ltd is the largest company in Japan, generating 8.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 31.4% of total production value in 2022. The total number of companies decreases in 2022, to 603 units. The costs of the industry decrease by 19.2% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 3.9% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 26.8% of total production output. With production value of USD10.9 billion, Japan accounts for 7.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in Japan: 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 Japan: 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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