PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Coatings Report Forecasts Continued Expansion

Tuesday, April 6, 2010

Comment | More

Above-average demand in North America will help fuel overall increases in worldwide demand for architectural paint and coatings through 2013, new market research indicates.

Despite economic weakness in some major markets, worldwide demand for architectural paint is forecast to rise 3.6% per year through 2013 to 22.8 million metric tons, valued at $51 billion, according to the new study from The Freedonia Group Inc., Cleveland, Ohio. 

The study, “World Architectural Paint,” projects that demand growth will slow in comparison to the 2003-2008 period due to a decrease in global building-construction growth through 2013. But volume gains will remain strong by long-term historical standards as a result of global economic growth and continuing gains in the world’s urban population that will put a strain on existing housing stocks, the report states.

The report forecasts that, as was the case over the past decade, the most rapid increases in architectural coatings demand will be seen in the world’s emerging markets, most prominently in Asia. This expansion will be driven primarily by continued economic growth in the massive Chinese and Indian markets. Although Japan is projected to post gains that will lag behind the global average through 2013, the country’s architectural paint market will see a reversal of the declines experienced during the 1998-2008 period, the study says.

The study also projects the following.

• North America will post slightly above-average volume gains through 2013. The housing and mortgage problems that have plagued the U.S. since 2006 will subside, providing opportunities for coatings sales to the new-home market. Also, sales to the much-larger home-repaint segment will benefit as sales of existing homes improve, since existing homes are often repainted when they are put up for sale or after they are sold.

• In 2008, Western Europe accounted for 21% of total architectural paint demand, but the region’s share of the global market will continue to retreat as Europe records weak volume increases due to below-average economic and building-construction growth. Also factors are mortgage-sector weaknesses in some countries and stagnant regional population gains. Still, Western Europe will remain the world’s leading regional net exporter of architectural paint, due largely to the prominence of the German industry.

More information: The Freedonia Group Inc., www.freedoniagroup.com.

WORLD ARCHITECTURAL PAINT DEMAND

(000 metric tons)

                                                         % Annual Growth

Item                                            2003   2008  2013  2003- 2008-

Architectural Paint Demand  15660 19120 22800 4.1 3.6
North America 4060 3525 4250 -2.8 3.8
Western Europe 3600 4030 4395 2.3 1.7
Asia/Pacific 4145  6145 7995 8.2  5.4
Other Regions 3855 5420 6160 7.1 2.6

© 2010 by The Freedonia Group, Inc.

   

Tagged categories: Economy; Trends

Comment Join the Conversation:

Sign in to our community to add your comments.

Axxiom Manufacturing
The Undisputed
Industry Leader.

Proven Innovation. Job Performance. Industry Training. Workplace Safety. Only Schmidt® abrasive blast equipment by Axxiom Manufacturing delivers it all!


SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


Spider, a Division of SafeWorks, LLC
Complete Suspended Access Solutions

Need access? From platforms & hoists to rigging & fall protection, Spider leads the industry in rentals, sales & service. Call 877-774-3370 or click today.


SAFE Systems, Inc.
Portable Dust Collectors for Tough Environments

Trailer and skid-mounted models in numerous sizes, powered by electric and/or diesel. Sloped roofs, multiple dust inlets, high static, dampered fans. Lockable power & drive compartments.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com