The paint coating demand increasing steadily year by year

         According to the consulting company Freedonia group the paints and coatings in the world of research,the report said global demand for paint and coating is expected to increase at an annual rate of 3.7%,the demand will exceed 28 million tons by 2005.Construction industry (especially residential construction) will still be one of the biggest paint and coatings end user market.
         Freedonia group,points out that from the point of view of geographical distribution,growth is the most rapidly developing emerging markets,especially in the asia-pacific region.However,the growth rate of Latin America and eastern Europe is also more than the average.Within Asia,is one of the most important growth point in China,India,South Korea and Chinese Taiwan area growth,but also serious potential.As for the Japanese market,its growth rate is expected to generally lower than average,but the paint market continued to fall over the past 10 years is expected to reverse the trend.
         European paint, printing ink and paint industry council JeanSchoder director-general,said coating market annual growth of around 8% in eastern Europe.He also pointed out that the development of the eastern European countries,there are considerable potential,such as Poland's paint consumption per capita is only 8 kg each year,and the European Union average of 16 kilograms.
         In Western Europe,North America and Japan,by contrast,coating market is mature,the competition is fierce.It is estimated that in these areas the paint industry average annual growth rate of about 2%~2%.North America and Western Europe will continue to occupy more than half of global demand.The growth rate of North America in the future will be partly make up this gap.In order to enhance profitability in the mature markets,paint and coatings companies must pay more efforts.

By Nicole