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IRL Predicts Rise in Russian Paint Industry

Wednesday, December 30, 2009

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Information Research (IRL), located in Ealing, London, has made available the third edition of A Profile of the Russian Paint Industry. The edition contains information for 2009.

According to IRL, Russia has an industrial coatings market of 510,000 tonnes and a decorative paint market of 800,000 tonnes. IRL forecasts the total Russian paint market to rise from a total of 1,310,000 tonnes in 2009 to 1,687,000 tonnes in 2014.

The publication states that the industrial coatings sector will need to recoup losses from 2009, particularly in the automotive and powder coatings sectors. One of the key drivers for the Russian coatings market will be the Winter Olympics in Sochi in 2014. Construction and protective coatings demand associated with structures used for the Winter Olympics will be a strong point for the paint industry, IRL says.

For details on the publication, visit www.informationresearch.co.uk.

   

Tagged categories: IRL; Market research; Market share; Trends

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