IRL has launched a new edition of its
regional title, “A Profile of the Central
Asian 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 six
countries in the region.
The total market for paints and coatings in Central Asia was over 271 thousand tons in 2013, and is forecast to rise
to more than 307.9 thousand tons by
2018. This is equivalent to an average annual growth rate of 2.6 percent.
On a country-by-country basis,
Kazakhstan and Uzbekistan are the two
largest consumers of paints and coatings
in the region, with almost equal demand
for these products, estimated at 43 percent and 41 percent of the total Central
Asian paints demand, respectively. As the
majority of the markets is represented by
architectural paints, their evolution depends to a great extent on the fortunes of
the local construction industries. Notably,
underpinned by the growth in the construction sector, the Kazakhstani paints
and coatings market will be growing at
a slow pace and the Uzbekistani market
will reveal higher growth rates.
Out of the smaller countries,
Turkmenistan is the most attractive market for investors due to low levels of competition and fast growing downstream
industries; and Tajikistan is the least attractive market for paint suppliers, attributable to high logistics costs associated
with the transportation of the products to
the region and low levels of demand from
the underfinanced local industry.
Architectural and decorative coatings
for consumer and professional uses account for approximately 76 percent of
the total market, although this proportion varies from country to country. This
percentage is typically high for developing regions like Central Asia, where agriculture contributes a substantial portion
to GDP and the manufacturing sector is
stagnating, emerging or developing.
In the industrial coatings segment, the
highest growth is forecast for the mate-
rials with special protective properties,
as there are significant resources of oil
and gas in the region as well as of min-
eral commodities. The growing demand
for general industrial coatings in Central
Asia springs from its machine building,
metal working industries and road mark-
ing applications. The demand for refin-
ishes is justified by the growing car fleet
in the region on one hand, and a genuine
interest in car maintenance among ordi-
nary citizens, common for the regions of
Eastern Europe and Central Asia, on the
other. The level of popularity of powder
coatings is different for the various coun-
try markets.
“A Profile of the Central Asian Paint
Industry” gives an insight into the market changes in the past few years, as
well as outlining the key trends affecting
IRL Releases Profile of
Central Asian Paint Industry
