Global demand for architectural paints to exceed 21 million metric tons in 2011

摘要

World demand for architectural paints is forecast to rise 3.9% per year through 2011 to 21.5 million metric tons, valued at 47 billion. Although respectable, growth will decelerate in comparison to the performance of the 2001 to 2006 period, due to a significant projected slowdown in global building construction expenditure growth through 2011. Through 2011, water-based paints will expand their share of the global market to 73%. Western Europe's paint industry will see a penetration rate of 88% by 2011, spurred by some of the strictest environmental regulations in the world, a few of which will come into effect over the course of the 2006-2011 period.