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World Paint & Coatings


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World Paint & Coatings

Global demand to rise 5.2% annually through 2017
Global demand for paint and coatings is forecast to rise 5.2 percent per year to 51.6 million metric tons in 2017, valued at $186 billion. Advances will be driven by a strong rebound in global building construction spending, particularly in North America, Europe, and Japan, fueling increased demand for architectural paint. Manufacturing and specialty coatings demand will also grow at a more rapid pace compared to recent historical trends, benefiting from an improved outlook for motor vehicle production and overall industrial output. However, gains will be limited by the increased use of higher quality coatings in both the developed and developing worlds, reducing the volume necessary to complete a given paint job. Water-based coatings and other high-solids formulations will gain share over solventborne products in virtually all world markets, as paintmakers continue to reduce emissions of volatile organic compounds (VOCs) in coatings to comply with government regulations and consumer preferences.

Asia/Pacific to remain largest, fastest growing
The Asia/Pacific region will continue to be the largest and fastest growing coatings market through 2017, rising to account for half of global demand. Gains will be led by robust growth in China, the world’s largest coatings market, although demand will slow somewhat from the double-digit pace of the 2002-2012 period. Even faster growth is forecast for the large Indian market, while other countries in Asia such as Indonesia, Thailand, and Vietnam will experience strong gains as well. In North America, a marked turnaround in building construction activity will fuel healthy growth in coatings demand, while Western Europe and Japan will see similar (though slower) rebounds in coatings markets. Among the other areas of the world, best opportunities are expected in the Africa/ Mideast region, where paint demand per capita is the lowest in the world.

Architectural markets to continue majority status
Architectural markets will continue to account for the majority of paint and coatings demand in 2017. Demand for architectural paint will be fueled by an improved outlook for residential building activity in high income countries, as well as rising urbanization and housing construction spending in the developing world. Coatings demand in manufacturing applications will benefit from a pickup in world motor vehicle production, while the improvement in building construction activity will boost demand for furniture coatings. Maintenance and specialty markets will be driven by rising demand for protective coatings in industrial and oil and gas applications, while increasing rates of motor vehicle ownership will benefit demand for auto refinish paints and road and bridge coatings.

Water-based paints, powder coatings to gain market share
As paintmakers increasingly seek to reduce the VOC content of their products to comply with environmental regulations, water-based paints and powder coatings will gain market share at the expense of solvent-based coatings. However, developing countries with little or no VOC regulations will see a slower trend toward water-based coatings than elsewhere in the world. Additionally, many markets will continue to be dominated by solvent-based formulations for the foreseeable future, including marine coatings, automotive refinishes, and corrosion protection coatings.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD PAINT & COATINGS DEMAND
  • MARKET ENVIRONMENT
    • General
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION
    • World Population Outlook
      • Table WORLD POPULATION BY REGION
    • World Gross Fixed Investment Outlook
      • Table WORLD GROSS FIXED CAPITAL FORMATION BY REGION
    • World Building Construction Outlook
      • Table WORLD BUILDING CONSTRUCTION EXPENDITURES BY REGION
      • Residential Building
        • Table WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION
      • Nonresidential Building
        • Table WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION
    • World Nonbuilding Construction Outlook
      • Table WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION
    • World Manufacturing Outlook
      • Table WORLD MANUFACTURING VALUE ADDED BY REGION
    • World Motor Vehicle Production
      • Table WORLD MOTOR VEHICLE PRODUCTION BY REGION
    • World Motor Vehicles in Use
      • Table WORLD MOTOR VEHICLES IN USE BY REGION
    • Environmental & Regulatory Considerations
      • Volatile Organic Compounds
      • Other Environmental Issues
  • OVERVIEW
    • General
      • Table WORLD PAINT & COATINGS DEMAND
    • Demand by Region
      • Table WORLD PAINT & COATINGS DEMAND BY REGION
      • Table CHART III-1 WORLD PAINT & COATINGS DEMAND BY REGION, 2012
    • Demand by Formulation
      • Table WORLD PAINT & COATINGS DEMAND BY FORMULATION
      • Table CHART III-2 WORLD PAINT & COATINGS DEMAND BY FORMULATION & REGION, 2002, 2012, &2022
      • Water-Based
        • Table WORLD WATER-BASED PAINT & COATINGS DEMAND BY REGION
      • Solvent-Based
        • Table WORLD SOLVENT-BASED PAINT & COATINGS DEMAND BY REGION
      • Powder Coatings & Other
        • Table WORLD POWDER & OTHER COATINGS DEMAND BY REGION
    • Demand by Market
      • Table WORLD PAINT & COATINGS DEMAND BY MARKET
      • Table CHART III-3 WORLD PAINT & COATINGS DEMAND BY MARKET, 2012
      • Architectural
        • Table WORLD ARCHITECTURAL MARKETS FOR PAINT & COATINGS BY SEGMENT & FORMULATION
      • Manufacturing
        • Table WORLD MANUFACTURING MARKETS FOR PAINT & COATINGS BY SEGMENT & FORMULATION
      • Maintenance & Specialty
        • Table WORLD MAINTENANCE & SPECIALTY MARKETS FOR PAINT & COATINGS BY SEGMENT & FORMULATION
    • Production by Region
      • Table WORLD PAINT & COATINGS PRODUCTION BY REGION
      • Table CHART III-4 WORLD PAINT & COATINGS PRODUCTION BY REGION, 2012
    • International Trade Flows
      • Table WORLD PAINT & COATINGS NET EXPORTS BY REGION
  • NORTH AMERICA
    • North America: Supply & Demand
      • Table NORTH AMERICA: PAINT & COATINGS SUPPLY & DEMAND
    • North America: Paint & Coatings Demand
      • Table NORTH AMERICA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Table CHART IV-1 NORTH AMERICA: PAINT & COATINGS DEMAND BY COUNTRY, 2012
    • United States
      • United States: Supply & Demand
        • Table UNITED STATES: PAINT & COATINGS SUPPLY & DEMAND
      • United States: Paint & Coatings Demand
        • Table UNITED STATES: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Canada
      • Canada: Supply & Demand
        • Table CANADA: PAINT & COATINGS SUPPLY & DEMAND
      • Canada: Paint & Coatings Demand
        • Table CANADA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Mexico
      • Mexico: Supply & Demand
        • Table MEXICO: PAINT & COATINGS SUPPLY & DEMAND
      • Mexico: Paint & Coatings Demand
        • Table MEXICO: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • North America: Suppliers & Market Share
      • Table CHART IV-2 NORTH AMERICA: PAINT & COATINGS MARKET SHARE, 2012
  • WESTERN EUROPE
    • Western Europe: Supply & Demand
      • Table WESTERN EUROPE: PAINT & COATINGS SUPPLY & DEMAND
    • Western Europe: Paint & Coatings Demand
      • Table WESTERN EUROPE: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Table CHART V-1 WESTERN EUROPE: PAINT & COATINGS DEMAND BY COUNTRY, 2012
    • Germany
      • Germany: Supply & Demand
        • Table GERMANY: PAINT & COATINGS SUPPLY & DEMAND
      • Germany: Paint & Coatings Demand
        • Table GERMANY: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • France
      • France: Supply & Demand
        • Table FRANCE: PAINT & COATINGS SUPPLY & DEMAND
      • France: Paint & Coatings Demand
        • Table FRANCE: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Italy
      • Italy: Supply & Demand
        • Table ITALY: PAINT & COATINGS SUPPLY & DEMAND
      • Italy: Paint & Coatings Demand
        • Table ITALY: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • United Kingdom
      • United Kingdom: Supply & Demand
        • Table UNITED KINGDOM: PAINT & COATINGS SUPPLY & DEMAND
      • United Kingdom: Paint & Coatings Demand
        • Table UNITED KINGDOM: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Spain
      • Spain: Supply & Demand
        • Table SPAIN: PAINT & COATINGS SUPPLY & DEMAND
      • Spain: Paint & Coatings Demand
        • Table SPAIN: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Netherlands
      • Netherlands: Supply & Demand
        • Table NETHERLANDS: PAINT & COATINGS SUPPLY & DEMAND
      • Netherlands: Paint & Coatings Demand
        • Table NETHERLANDS: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Other Western Europe
      • Other Western Europe: Supply & Demand
        • Table OTHER WESTERN EUROPE: PAINT & COATINGS SUPPLY & DEMAND
      • Other Western Europe: Paint & Coatings Demand
        • Table OTHER WESTERN EUROPE: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Other Western Europe: Countries
        • Table OTHER WESTERN EUROPE: PAINT & COATINGS DEMAND BY COUNTRY
    • Western Europe: Suppliers & Market Share
      • Table CHART V-2 WESTERN EUROPE: PAINT & COATINGS MARKET SHARE, 2012
  • ASIA/PACIFIC
    • Asia/Pacific: Supply & Demand
      • Table ASIA/PACIFIC: PAINT & COATINGS SUPPLY & DEMAND
    • Asia/Pacific: Paint & Coatings Demand
      • Table ASIA/PACIFIC: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Table CHART VI-1 ASIA/PACIFIC: PAINT & COATINGS DEMAND BY COUNTRY, 2012
    • China
      • China: Supply & Demand
        • Table CHINA: PAINT & COATINGS SUPPLY & DEMAND
      • China: Paint & Coatings Demand
        • Table CHINA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • India
      • India: Supply & Demand
        • Table INDIA: PAINT & COATINGS SUPPLY & DEMAND
      • India: Paint & Coatings Demand
        • Table INDIA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Japan
      • Japan: Supply & Demand
        • Table JAPAN: PAINT & COATINGS SUPPLY & DEMAND
      • Japan: Paint & Coatings Demand
        • Table JAPAN: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • South Korea
      • South Korea: Supply & Demand
        • Table SOUTH KOREA: PAINT & COATINGS SUPPLY & DEMAND
      • South Korea: Paint & Coatings Demand
        • Table SOUTH KOREA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Indonesia
      • Indonesia: Supply & Demand
        • Table INDONESIA: PAINT & COATINGS SUPPLY & DEMAND
      • Indonesia: Paint & Coatings Demand
        • Table INDONESIA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Thailand
      • Thailand: Supply & Demand
        • Table THAILAND: PAINT & COATINGS SUPPLY & DEMAND
      • Thailand: Paint & Coatings Demand
        • Table THAILAND: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Taiwan
      • Taiwan: Supply & Demand
        • Table TAIWAN: PAINT & COATINGS SUPPLY & DEMAND
      • Taiwan: Paint & Coatings Demand
        • Table TAIWAN: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Australia
      • Australia: Supply & Demand
        • Table AUSTRALIA: PAINT & COATINGS SUPPLY & DEMAND
      • Australia: Paint & Coatings Demand
        • Table AUSTRALIA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Other Asia/Pacific
      • Other Asia/Pacific: Supply & Demand
        • Table OTHER ASIA/PACIFIC: PAINT & COATINGS SUPPLY & DEMAND
      • Other Asia/Pacific: Paint & Coatings Demand
        • Table OTHER ASIA/PACIFIC: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Other Asia/Pacific: Countries
        • Table OTHER ASIA/PACIFIC: PAINT & COATINGS DEMAND BY COUNTRY
    • Asia/Pacific: Suppliers & Market Share
      • Table CHART VI-2 ASIA/PACIFIC: PAINT & COATINGS MARKET SHARE, 2012
  • OTHER REGIONS
    • Central & South America
      • Central & South America: Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: PAINT & COATINGS SUPPLY & DEMAND
      • Central & South America: Paint & Coatings Demand
        • Table CENTRAL & SOUTH AMERICA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Brazil
        • Table BRAZIL: PAINT & COATINGS SUPPLY & DEMAND
        • Table BRAZIL: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: PAINT & COATINGS SUPPLY & DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Eastern Europe
      • Eastern Europe: Supply & Demand
        • Table EASTERN EUROPE: PAINT & COATINGS SUPPLY & DEMAND
      • Eastern Europe: Paint & Coatings Demand
        • Table EASTERN EUROPE: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Russia
        • Table RUSSIA: PAINT & COATINGS SUPPLY & DEMAND
        • Table RUSSIA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Poland
        • Table POLAND: PAINT & COATINGS SUPPLY & DEMAND
        • Table POLAND: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: PAINT & COATINGS SUPPLY & DEMAND
        • Table OTHER EASTERN EUROPE: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
    • Africa/Mideast
      • Africa/Mideast: Supply & Demand
        • Table AFRICA/MIDEAST: PAINT & COATINGS SUPPLY & DEMAND
      • Africa/Mideast: Paint & Coatings Demand
        • Table AFRICA/MIDEAST: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Turkey
        • Table TURKEY: PAINT & COATINGS SUPPLY & DEMAND
        • Table TURKEY: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Iran
        • Table IRAN: PAINT & COATINGS SUPPLY & DEMAND
        • Table IRAN: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • South Africa
        • Table SOUTH AFRICA: PAINT & COATINGS SUPPLY & DEMAND
        • Table SOUTH AFRICA: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
      • Other Africa/Mideast
        • Table OTHER AFRICA/MIDEAST: PAINT & COATINGS SUPPLY & DEMAND
        • Table OTHER AFRICA/MIDEAST: PAINT & COATINGS DEMAND BY MARKET & FORMULATION
  • INDUSTRY STRUCTURE
    • General
      • Table WORLD PAINT & COATINGS SALES BY COMPANY, 2012
    • Market Share
      • Table CHART VIII-1 WORLD PAINT & COATINGS MARKET SHARE, 2012
    • Acquisitions & Industry Restructuring
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Channels of Distribution
    • Competitive Strategies
    • Research & Development
    • Company Profiles
      • Akzo Nobel NV
      • Asian Paints Limited
      • Axalta Coating Systems LLC
      • BASF SE
      • Berger Paints India Limited
      • Berkshire Hathaway Incorporated
      • Carpoly Chemical Group Company Limited
      • Chugoku Marine Paints Limited
      • Cloverdale Paint Incorporated
      • Consorcio Comex SA de CV
      • Dai Nippon Toryo Company Limited
      • Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Company KG
      • DuluxGroup Limited
      • DuPont (EI) de Nemours
      • Helios Group
      • Hempel A/S
      • Jotun A/S
      • Kansai Paint Company Limited
      • KCC Corporation
      • Lindéngruppen AB
      • Masco Corporation
      • Materis Holding Luxembourg SA
      • National Paints Factories Company Limited
      • Nippon Paint Company Limited
      • Pacific Paint Boysen Philippines Incorporated
      • PPG Industries Incorporated
      • RPM International Incorporated
      • ShawCor Limited
      • Sherwin-Williams Company
      • Teknos Oy
      • Tikkurila Oyj
      • TOA Paint Thailand Company Limited
      • Valspar Corporation
      • Yung Chi Paint & Varnish Manufacturing Company Limited
      • ZAO Empils

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