IRL has launched a new edition of its
regional title, “A Profile of the Eastern
European Paint Industry.” This fully updated report provides market data for
2013 and forecasts for 2018, and gives
an overview of the paint industry trends
across ten countries in the region.
The total market for paints and coatings in Eastern Europe was more than
2.8 million tons in 2013, and is forecast
to rise to more than 3. 3 million tons by
2018. This is equivalent to an average annual growth rate of 2.7 percent.
On a country-by-country basis,
Russia is by far the largest national market, accounting for approximately 54
percent of total demand. The Russian
paints and coatings market is forecast to
grow at a modest rate due to the slowdown of the Russian economy caused by
a drop in oil prices, high interest rates
and Western sanctions.
The second largest paint market of
Turkey will enjoy the highest growth rate
over the next few years, underpinned by
increasing domestic demand for locally-manufactured goods and increasing income of the Turkish population.
Architectural and decorative coatings
for consumer and professional uses account for around 59 percent of the total
market, although this proportion varies from country to country. Growth is
forecast to be the highest in the industrial
wood and powder coatings segments. The
growth in the demand for industrial wood
coatings is influenced by the dominant
market of Turkey, the furniture production of which is currently booming due to
high domestic and international demand
for Turkish-made furniture. The most attractive opportunities for the supply of
powder coatings to the East European
region exist, predictably, in Russia and
Turkey, where the demand for them is,
firstly, driven by their product advantages
over their liquid analogs.
“A Profile of the Eastern European
Paint Industry” gives an insight into the
market changes in the past few years, as
well as outlining the key trends affect-
ing the decorative and industrial coat-
ings segments for each individual country
covered. The scope of the study cov-
ers Armenia, Belarus, Estonia, Georgia,
Latvia, Lithuania, Moldova, Russia,
Turkey and the Ukraine. It provides 2013
market data on nine mainstream paints
and coatings segments: architectural/
decorative, industrial wood coatings,
protective coatings, marine coatings,
automotive OEM coatings, automotive
refinishes, powder coatings, general in-
dustrial coatings and plastic coatings.
Forecasts on these are also presented for
the year 2018. The cost of the full report
is € 3,950.
Sections of the report, priced individually, are available to purchase online at
www.informationresearch.co.uk.
Kusumgar, Nerlfi &
Growney Announce Fifth
U.S. Paint & Coatings
Industry Study
Kusumgar, Nerlfi & Growney has announced the commencement of its fifth
U.S. Paint & Coatings Industry study.
According to the firm, the industry is
continuing its recovery from the global
recession of 2008-2009. Consumption
is projected to be 8. 8 billion dry pounds
(excluding water and solvent) in 2015
valued at some $28 billion. Despite being a mature industry, coatings continue
IRL Publishes Profile of the
Eastern European Paint Industry
