Tim Wright01.08.09
Globally, the decorative sector dominates the paint and coatings market, accounting for approximately half of the $80 billion industry. The U.S. market represents nearly 25% of the global market, however it is not growing well like other mature markets in Western Europe. At the same time, parts of the developing world like China are growing near double-digit rates while the greatest growth is coming from rest of the world markets (ROW) though from a small base. Eastern Europe is also showing significant growth.
Coatings growth in Asia-Pacific has been overwhelmingly industrial while ROW markets have a more prominent role in the architectural market. Decorative coatings are the bulk of the market in the developing world.
Europe-including Eastern Europe-accounts for approximately 32%, or $13 billion of the global architectural coatings market, according to consultancy Orr & Boss. Asia-Pacific represents approximately 29% of the market, or $12 billion. NAFTA is approximately 27%, or $11 billion of the market while ROW markets are 12%, or $5 billion.
According to Orr & Boss, the markets in Latin America, Africa, India and China are dom
Coatings growth in Asia-Pacific has been overwhelmingly industrial while ROW markets have a more prominent role in the architectural market. Decorative coatings are the bulk of the market in the developing world.
Europe-including Eastern Europe-accounts for approximately 32%, or $13 billion of the global architectural coatings market, according to consultancy Orr & Boss. Asia-Pacific represents approximately 29% of the market, or $12 billion. NAFTA is approximately 27%, or $11 billion of the market while ROW markets are 12%, or $5 billion.
According to Orr & Boss, the markets in Latin America, Africa, India and China are dom
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