Australia Bulk Products Market Expected to Reach $5.4 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research titled, “Australia Bulk Products Market by Type: Global Opportunity Analysis and Industry Forecast, 2022–2032.”

The Australia bulk products market was valued at $3.8 billion in 2022, and is projected to reach $5.4 billion by 2032, registering a CAGR of 3.6% from 2023 to 2032.

Bulk products are defined as products having a volume of one liter or above and are packed in a container/boxes. Paints and coatings are a class of bulk products designed to add color, protect, and enhance surfaces. They consist of pigments, binders, solvents, and additives. The pigments provide color, while the binders hold the pigments together and adhere them to the surface. Solvents keep the mixture in a liquid state, and additives enhance specific properties like durability, texture, or resistance to ultraviolet (UV) light.

The paints and coatings are diverse, ranging from construction and automotive to aerospace and electronics. In construction, these materials are used for both interior and exterior applications. The automotive industry relies on coatings for vehicle protection and customization. Aerospace applications include coatings for aircraft exteriors to resist corrosion and withstand extreme temperatures. In the electronics sector, coatings provide insulation and protection for circuit boards.

Architectural coatings, including interior and exterior paints, are the most visible application of bulk products in this industry in Australia. These coatings not only contribute to the aesthetics of buildings but also serve as a protective barrier against weathering, UV radiation, and pollution. Bulk purchases are common in construction projects where a large volume of paint is required to cover vast surfaces.

The automotive industry relies heavily on bulk purchases of coatings for vehicle manufacturing. These coatings not only contribute to the aesthetics of automobiles but also provide protection against rust and environmental factors. In Australia, with a significant automotive manufacturing presence, the demand for bulk automotive coatings remains substantial.

Cleaners find applications in various settings, from household cleaning products to industrial degreasers. In households, they are used for cleaning surfaces, dishes, and fabrics. In industries, powerful cleaners are employed to remove stubborn residues from machinery and equipment. Lubricants, on the other hand, are used in machinery and vehicles to ensure smooth operation and reduce wear and tear. They are crucial in preventing friction-related damage in engines, gears, and bearings.

Bulk products in paints and coatings, cleaners and lubricants, and ink and dyes play a crucial role in making substantial contributions to the Australian economy across a range of industries. The construction industry, driven by infrastructure development and real estate projects, relies heavily on bulk paints and coatings. The automotive and manufacturing sectors, with their demand for industrial coatings and lubricants, are crucial contributors to the overall economy.

The rise in the adoption of bio-based lubricants provides lucrative opportunities to the market. Bio-based lubricants are gaining popularity in Australia due to their environmentally friendly nature and reduced ecological impact compared to traditional petroleum-based lubricants. Australia's increasing focus on environmental sustainability and stringent regulations regarding the use of eco-friendly products have been driving the demand for bio-based lubricants. Companies are adopting these lubricants to align with environmental policies and reduce their carbon footprint.

The Australia bulk products market is segmented into type. On the basis of type, the market is divided into paints and coatings, cleaners and lubricants, and ink and dyes. Based on paints and coatings the market is diversified into marking, metal protection, automotive, mining, and others. 

On the basis of type, paints and coating dominated the Australia bulk products market. Paints and coatings are extensively used in the construction sector for both residential and commercial buildings. They are applied to interior and exterior surfaces for protection, decoration, and maintenance. Common applications include painting walls, ceilings, facades, and structural steel.

Australia has a significant automotive industry, and paints and coatings play a crucial role in vehicle manufacturing and refinishing. These coatings provide protection against corrosion, enhance aesthetics, and improve durability.

The major players operating in the Australia bulk products market include Chemtools, Dulux, Molytec, Dymark, CRC Industries, C.R. Laurence Co., Inc, Dynamics G-Ex, ITW Polymers and Fluids (Galmet), WD-40, and Lanotec.

Key Market Insights

• Based on type, paints and coating accounted for the largest market accounting for more than half of the market share in 2022.

• Based on paints and coating, another segment including building & construction, aerospace, rail, marine, and others dominated the market accounting for more than half of the market share in 2022 representing CAGR of 2.7%.