Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#32 In EuropeBusiness
#31 In EuropeEmployees
#32 In EuropeWages
#33 In EuropeThe European Paint, Coatings and Printing Ink Manufacturing industry is forecast to fall at a compound annual rate of 4.6% to reach €60.2 billion over the five years through 2024, including a dip of 3.5% in 2024. The industry has contended with vast fluctuations in demand, with the long-term decline in printing and a stalling of automobile production during COVID-19, which led to declining in revenue in 2021 and 2022. As sales of paints, inks and coatings typically follow the broader economy, sales were boosted by the post-pandemic recovery, although this was short-lived, with strong economic headwinds hitting key downstream markets and raw material suppliers following the Russian invasion of Ukraine. While some of the industry’s most prominent manufacturers are international operators boasting strong regional and global name brand names, supply chains across the board have been hit by a string of raw material price spikes. High inflation and interest rates have curbed consumer and commercial spending, limiting paint sales.
Enterprises
Number of businesses in 2024
Biggest companies in the Paint, Coatings & Printing Ink Manufacturing in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus in 2024?
The market size of the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus is €41.8m in 2024.
How many businesses are there in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry in 2024?
There are 10 businesses in the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus, which has declined at a CAGR of 3.6 % between 2019 and 2024.
Has the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus has been declining at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus is expected to grow.
What does the Paint, Coatings & Printing Ink Manufacturing in Cyprus include?
Decorative paints and Industrial coatings are part of the Paint, Coatings & Printing Ink Manufacturing industry.
How competitive is the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus?
The level of competition is moderate and steady in the Paint, Coatings & Printing Ink Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Printing Services in Cyprus
- Motor Vehicle Manufacturing in Cyprus
Table of Contents
About this industry
Industry definition
Companies in this industry are predominantly involved in the manufacture of paints, varnishes and similar coatings (including enamels or lacquers), along with mastics and sealants. The industry also includes those involved in the manufacture of printing ink.
Related Terms
Printing InksVarnishPigmentsWhat's included in this industry?
Decorative paintsIndustrial coatingsPrinting inksOtherCompanies
Industry Code
2022 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
Outlook
Analysis
What's driving the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Less toxic paints soar in popularity. Paints with fewer VOCs and made from bio-based materials are growing in popularity as downstream users look to minimise their environmental footprint.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry's products and services performing?
Analysis
What are innovations in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
There’s some diversity in paint and ink offerings. While a handful of large multinational manufacturers dominate the industry, some regional and niche operators are gaining market share.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Paint, Coatings & Printing Ink Manufacturing in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent regulations are in place. The EU has implemented strict laws to regulate Volatile Organic Compounds and other potentially harmful substances in paints.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
High operating costs have dented profit. Strong demand for sustainable paints has been compounded by rocketing energy and raw materials costs, squeezing profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Paint, Coatings & Printing Ink Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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