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Global Demand for Paints and Varnishes is Forecast to Expand

March 14, 2014

Global demand for paints and varnishes is forecast to expand 4.7% p.a. between 2014 and 2018. Argentina, China, India, Morocco, and the United States are considered the highest potential markets in the coming years.

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global paint and varnish industry is forecast to reach 4.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.2%. Currently, non-aqueous polymer (other than polyester, vinyl and acrylic polymer) based paints and varnishes account for 36.6% of the global demand while the remaining market share is divided between non-aqueous vinyl and acrylic polymer based paints and varnishes (17.8%), non-aqueous polyester based paints and varnishes (15.5%), aqueous polymer (other than vinyl and acrylic polymer) based paints and varnishes (13.4%), aqueous vinyl and acrylic polymer based paints and varnishes (11.7%), and other paints and varnishes (5%).

Argentina, China, Germany, Japan, and the United States represent the largest paint and varnish markets while the strongest annual growth is forecast to occur in Morocco (18.4%), Macedonia (12.3%), Ireland (12.3%), Azerbaijan (11%), and Ghana (10.1%).

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for paints and varnishes in the world and individually for the following countries:

Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, Nigeria, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Senegal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, Vietnam

The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.