Christine Esposito08.11.05
When all is said and done, 2003 turned out to be a pretty good year for the architectural and decorative coatings market, and industry pundits and coatings executives say they expect more of the same in 2004.
Industry trackers are predicting between two and four percent growth in 2004, and that increase will come on top of similar growth posted in 2003.
"2003 will wind up being the record year in the business in terms of gallons and value," commented Scott Detiveaux, a senior consultant Orr & Boss.
According to Orr & Boss, the U.S. architectural/decorative coatings market posted a two-three percent sales increase in 2003 to reach $7.4 billion, and another three to four percent growth is forecast for 2004.
The driving force is the housing and new construction.
"New construction is the fuel for the market," said Chuck Bangert, a partner with Orr & Boss. "It continues to boom."
"The housing and construction markets have been relatively and consistently good for the past couple of years," commented Stephen Einhorn, president of Einhorn Associates, Inc. I
Industry trackers are predicting between two and four percent growth in 2004, and that increase will come on top of similar growth posted in 2003.
"2003 will wind up being the record year in the business in terms of gallons and value," commented Scott Detiveaux, a senior consultant Orr & Boss.
According to Orr & Boss, the U.S. architectural/decorative coatings market posted a two-three percent sales increase in 2003 to reach $7.4 billion, and another three to four percent growth is forecast for 2004.
The driving force is the housing and new construction.
"New construction is the fuel for the market," said Chuck Bangert, a partner with Orr & Boss. "It continues to boom."
"The housing and construction markets have been relatively and consistently good for the past couple of years," commented Stephen Einhorn, president of Einhorn Associates, Inc. I
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