Abstract
Global demand to rise 3.9% annually through 2011
World demand for architectural paints is forecast to rise 3.9 percent per year
through 2011 to 22 million metric tons, valued at $47 billion. Although
respectable, growth will decline in comparison to the performance of the 2001
to 2006 period, due to a significant projected deceleration in global building
construction expenditure growth through 2011.
Developing countries to be fastest growing markets
Gains will be paced by developing countries in the Asia/Pacific region, with
the world' s two most populous nations -- China and India -- both seeing large
gains in their markets. In 2006, architectural paint demand in China and India
stood at 1.2 and 0.6 kilograms per person respectively. In contrast, per
capita demand in developed countries averages around nine to ten kilograms.
North America will register weakest gains of all regions through 2011. The
current housing and mortgage crisis in the US portends unfavourably towards
new residential building construction spending growth through 2011, hindering
paint sales to the new home market. Moreover, sales to the much larger home
repainting segment will also be hindered by declining sales of existing homes
-- which are often repainted when they are to be sold. Western Europe will
also register weak growth, with belowaverage economic and building
construction growth prospects, mortgage sector weaknesses in some constituent
nations and stagnant regional population growth all to blame.
Study coverage
It presents historical demand data (1996, 2001, 2006) plus forecasts for 2011
and 2016 by paint formulation, market, end user, world region and major
country. The study also considers market environment factors, evaluates
company market share and profiles major competitors.
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