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EXECUTIVE SUMMARY
1 EXECUTIVE SUMMARY
The global paints and coatings market size increased from US$42.2 billion in 2007 to US$49.2 billion in
2011, reflecting a compounded annual growth rate (CAGR) of 3.90% during the review period (2007–
2011). The demand for paints and coatings across the world suffered a brief setback in 2009 due to the
global economic recession, and the global market size of paints and coatings decreased by 5.9% in 2009
compared to 2008. However, the global paints and coatings market recovered strongly and grew by 7.9%
in 2010. This growth was fueled by the high demand generated in the Asia-Pacific region, especially from
China. During the review period, the value of paints and coatings increased at a CAGR of 3.12% in Latin
America, and at a CAGR of 2.07% in Middle East. Meanwhile, the value of paints and coatings declined
in Europe, at a CAGR of -3.65%, and in North America, at a CAGR of -1.13%.
In developing countries, such as those in the Asia-Pacific, Latin America, Eastern Europe and the Middle
East, there will be an increasing number of new residential buildings and commercial buildings
constructions during the forecast period (2012–2016). The new buildings constructions will be driven by
the developing countries‟ rising population, growing urbanization, increasing average disposable income
and improved access to credit facilities. The amount of construction activities has also been recovering in
developed countries such as the US, Japan and most of the Western European countries. Due to the
increased construction activity there will be an increase in demand for global paints and coatings during
the forecast period. Timetric expects the global paints and coatings market will increase at a CAGR of
7.10% over the forecast period in value terms and at a CAGR of 6.60% in volume terms.
In 2011, Asia-Pacific represented the largest regional paints and coatings market, accounting for 40.7%
of the global market size with its value of US$20.0 billion. The Asia-Pacific region has been the main
growth driver of the global paints and coatings market during the review period, after recording a CAGR
of 15.84%. China has been the driving force behind the rapid expansion of the paints and coatings
market not only the Asia-Pacific region, but also across the globe. In 2011, China alone accounted for
70.7% of the Asia-Pacific paints and coatings market size and 28.8% of the global market size. Demand
for paints and coatings has increased in other Asia-Pacific countries, such as India, Indonesia, Malaysia
and Philippines, as the volume of residential construction activities in these countries has risen.
Residential construction activities in the Asia-Pacific region have increased due to the rising income
levels, shift towards nuclear families, affordable interest rates and modern attitudes to home ownership in
several countries. Several new construction activities are expected to begin in the Asia-Pacific throughout
the forecast period, and the region is expected to remain as the major growth driver of the global paints
and coatings market.
Europe constituted the largest region in the global paints and coatings market in 2007. However, during
the review period Europe lost its position as the largest region in the global paints and coating market to
the Asia-Pacific region, and instead it accounted for 27.3% of the global market size in 2011. The
European market as a whole recorded a CAGR of -3.65% during the review period, although national
growth rates varied in the region, with Poland recording the highest CAGR of 4.43% and the UK
recording the lowest CAGR of -10.42%. The reasons for the overall decline in market size of paints and
coatings in Europe are the region‟s low residential construction activity due to postponements of new
building projects and a lack of funding options for buyers, especially in countries such as the UK, Spain,
Italy, Germany, France, Hungary and the Netherlands. Apart from Poland, the Russian paints and
coatings market was the only other market within Europe to record a positive growth during the review
period. Europe is expected to recover and achieve a CAGR of 4.02% over the forecast period, although
growth will remain subdued in most of the Western European countries due to the EU sovereign debt
crisis.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 2
The North American paints and coatings market recorded a CAGR of -1.13% during the review period.
The US accounted for 83.5% of the region‟s market size in 2011, and recorded a CAGR of -1.32% due to
the housing bubble burst following the global economic crisis which caused construction activities to
decline. As a result, the US and the rest of North America recorded a substantial fall in the number of new
commercial and residential construction projects, and there was also a large number of project
terminations and rescheduling. The Canadian market recovered partially in 2010, while the number of US
housing project start-ups recovered in 2011. The increased construction activity is anticipated to raise the
demand for paints and coatings in North America. The paints and coatings market growth has also been
bolstered by the region‟s government stimulus packages, rising employment rates and improvements in
consumer confidence. The number of construction activities in the region is expected to increase during
the forecast period and, as a result, the region‟s paints and coatings market is projected to achieve a
CAGR of 4.27% over the forecast period, and to value US$11.5 billion in 2016.
The Latin American region contains developing and high growth countries such as Argentina, Brazil,
Colombia and Mexico. Due to its current economic development, the commercial construction is
expanding in the region alongside the demand for paints and coatings. The region‟s paints and coating
market recorded a CAGR of 3.12% during the review period, with Brazil generating the fastest CAGR of
7.71%. Although Latin America recorded decline in demand for paints and coatings in 2009, the region‟s
demand recovered quickly in 2010 due to the stimulus measures and domestic demand in member
countries. The region‟s paints and coatings market size is projected to achieve a CAGR of 3.50% over
the forecast period. The increase in demand will be driven by the region‟s robust economic growth, rising
foreign direct investment (FDI) levels, increasing residential demand in urban areas, and organization of
international events including the 2014 FIFA World Cup and the 2016 Olympic Games in Brazil.
The Middle East paints and coatings market sized US$2.1 billion in 2011, representing the smallest
regional market with a 4.2% share of the global demand. Within this, the Turkish paints and coatings
market contributed 53.5% of the regional market. The Turkish market was also the only one in the Middle
East to record a contraction in demand, at a CAGR of -1.01%, during the review period. All the other
countries in the Middle East recorded healthy growth during the review period, with Qatar registering the
highest CAGR of 9.08%. Over the forecast period, Timetric expects the Middle East market to achieve a
CAGR of 7.10%, with Turkey leading the growth through a CAGR of 7.80%. The Turkish demand for
paints and coating will be driven by an expected construction of one million housing units in Turkey per
year during the forecast period due to the country‟s persistent housing shortage.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 3
TABLE OF CONTENTS
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 4
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 5
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 6
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 7
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 8
8.3 Middle East Paints and Coatings Production Value ...................................................................... 281
8.3.1 Middle East paints and coatings production value ................................................................................. 281
8.3.2 Middle East paints and coatings production value by category ............................................................. 283
8.3.3 Paints and Coatings Production by Volume ........................................................................................... 285
8.3.4 Paints and coatings production volume by category .............................................................................. 287
8.4 Saudi Arabia ................................................................................................................................. 289
8.4.1 Paints and coatings market size by value .............................................................................................. 289
8.4.2 Paints and coatings market size by value by category .......................................................................... 291
8.4.3 Paints and coatings market size by volume ........................................................................................... 292
8.4.4 Paints and coatings market size by volume by category ....................................................................... 294
8.5 United Arab Emirates.................................................................................................................... 295
8.5.1 Paints and coatings market size by value .............................................................................................. 295
8.5.2 Paints and coatings market size by value by category .......................................................................... 297
8.5.3 Paints and coatings market size by volume ........................................................................................... 298
8.5.4 Paints and coatings market size by volume by category ....................................................................... 300
8.6 Qatar ............................................................................................................................................ 301
8.6.1 Paints and coatings market size by value .............................................................................................. 301
8.6.2 Paints and coatings market size by value by category .......................................................................... 303
8.6.3 Paints and coatings market size by volume ........................................................................................... 304
8.6.4 Paints and coatings market size by volume by category ....................................................................... 306
8.7 Bahrain ......................................................................................................................................... 307
8.7.1 Paints and coatings market size by value .............................................................................................. 307
8.7.2 Paints and coatings market size by value by category .......................................................................... 309
8.7.3 Paints and coatings market size by volume ........................................................................................... 310
8.7.4 Paints and coatings market size by volume by category ....................................................................... 312
8.8 Turkey .......................................................................................................................................... 313
8.8.1 Paints and coatings market size by value .............................................................................................. 313
8.8.2 Paints and coatings market size by value by category .......................................................................... 315
8.8.3 Paints and coatings market size by volume ........................................................................................... 316
8.8.4 Paints and coatings market size by volume by category ....................................................................... 318
9 Company Profile: Akzo Nobel NV..................................................................................... 319
9.1 Akzo Nobel NV – Company Overview........................................................................................... 319
9.2 Akzo Nobel NV – Business Description ........................................................................................ 319
9.3 Akzo Nobel NV – Main Products and Brands ................................................................................ 321
9.4 Akzo Nobel NV – History .............................................................................................................. 322
9.5 Akzo Nobel NV – SWOT Analysis................................................................................................. 323
9.5.1 Akzo Nobel NV – strengths .................................................................................................................... 323
9.5.2 Akzo Nobel NV – weaknesses ............................................................................................................... 324
9.5.3 Akzo Nobel NV – opportunities .............................................................................................................. 324
9.5.4 Akzo Nobel NV – threats ........................................................................................................................ 325
9.6 Akzo Nobel NV – Company Information........................................................................................ 326
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 9
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 10
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 11
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 12
LIST OF TABLES
Table 1: Global Paints and Coatings Market Size (US$ Million), 2007–2011......................................................................................... 29
Table 2: Global Paints and Coatings Market Size (US$ Million), 2011–2016......................................................................................... 30
Table 3: Global Paints and Coatings Market Size by Category (US$ Million), 2007–2011..................................................................... 31
Table 4: Global Paints and Coatings Market Size by Category (US$ Million), 2011–2016..................................................................... 32
Table 5: Global Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 ................................................................. 33
Table 6: Global Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016 ................................................................. 34
Table 7: Global Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 ............................................ 35
Table 8: Global Paints and Coatings Market size by Volume by Category (Thousand Tons), 2011–2016 ............................................. 36
Table 9: Global Paints and Coatings Production Value (US$ Million), 2007–2011 ................................................................................ 37
Table 10: Global Paints and Coatings Production Value (US$ Million), 2011–2016 .............................................................................. 38
Table 11: Global Paints and Coatings Production Value by Category (US$ Million), 2007–2011 .......................................................... 39
Table 12: Global Paints and Coatings Production Value by Category (US$ Million), 2011–2016 .......................................................... 40
Table 13: Global Paints and Coatings Production Volume (Thousand Tons), 2007–2011 ..................................................................... 41
Table 14: Global Paints and Coatings Production Volume (Thousand Tons), 2011–2016 ..................................................................... 42
Table 15: Global Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ................................................. 43
Table 16: Global Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ................................................. 44
Table 17: North America Paints and Coatings Market Size (US$ Million), 2007–2011 .......................................................................... 47
Table 18: North America Paints and Coatings Market Size (US$ Million), 2011–2016 .......................................................................... 48
Table 19: North America Paints and Coatings Market Size by Category (US$ Million), 2007–2011 ...................................................... 49
Table 20: North America Paints and Coatings Market Size by Category (US$ Million), 2011–2016 ...................................................... 50
Table 21: North America Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 ................................................... 51
Table 22: North America Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016 ................................................... 52
Table 23: North America Paints and Coatings Market size by Volume by Category (Thousand Tons), 2007–2011 ............................... 53
Table 24: North America Paints and Coatings Market size by Volume by Category (Thousand Tons), 2011–2016 ............................... 54
Table 25: North America Paints and Coatings Production Value (US$ Million), 2007–2011 .................................................................. 55
Table 26: North America Paints and Coatings Production Value (US$ Million), 2011–2016 .................................................................. 56
Table 27: North America Paints and Coatings Production Value by Category (US$ Million), 2007–2011 .............................................. 57
Table 28: North America Paints and Coatings Production Value by Category (US$ Million), 2011–2016 .............................................. 58
Table 29: North America Paints and Coatings Production Volume (Thousand Tons), 2007–2011......................................................... 59
Table 30: North America Paints and Coatings Production Volume (Thousand Tons), 2011–2016......................................................... 60
Table 31: North America Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ..................................... 61
Table 32: North America Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ..................................... 62
Table 33: US Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................................ 63
Table 34: US Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................................ 64
Table 35: US Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ........................................................ 65
Table 36: US Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 .................................................................... 66
Table 37: US Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016.................................................................... 67
Table 38: US Paints and Coatings Market size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................................. 68
Table 39: Canadian Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 69
Table 40: Canadian Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 70
Table 41: Canadian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .............................................. 71
Table 42: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 .......................................................... 72
Table 43: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016 .......................................................... 73
Table 44: Canadian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 ...................................... 74
Table 45: Europe Paints and Coatings Market Size (US$ Million), 2007–2011 ..................................................................................... 78
Table 46: Europe Paints and Coatings Market Size (US$ Million), 2011–2016 ..................................................................................... 79
Table 47: Europe Paints and Coatings Market Size by Category (US$ Million), 2007–2011.................................................................. 80
Table 48: Europe Paints and Coatings Market Size by Category (US$ Million), 2011–2016.................................................................. 81
Table 49: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................................. 82
Table 50: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................................. 83
Table 51: Europe Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 ......................................... 84
Table 52: Europe Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2011–2016 ......................................... 85
Table 53: Europe Paints and Coatings Production Value (US$ Million), 2007–2011 ............................................................................. 86
Table 54: Europe Paints and Coatings Production Value (US$ Million), 2011–2016 ............................................................................. 87
Table 55: Europe Paints and Coatings Production Value by Category (US$ Million), 2007–2011 ......................................................... 88
Table 56: Europe Paints and Coatings Production Value by Category (US$ Million), 2011–2016 ......................................................... 89
Table 57: Europe Paints and Coatings Production Volume (Thousand Tons), 2007–2011.................................................................... 90
Table 58: Europe Paints and Coatings Production Volume (Thousand Tons), 2011–2016.................................................................... 91
Table 59: Europe Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ................................................ 92
Table 60: Europe Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ................................................ 93
Table 61: German Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................... 94
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 13
Table 62: German Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................... 95
Table 63: German Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016................................................. 96
Table 64: German Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................................ 97
Table 65: German Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................................ 98
Table 66: German Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ........................ 99
Table 67: Spanish Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 100
Table 68: Spanish Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 101
Table 69: Spanish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016............................................... 102
Table 70: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 103
Table 71: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 104
Table 72: Spanish Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ...................... 105
Table 73: France Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................... 106
Table 74: France Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................... 107
Table 75: France Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 108
Table 76: France Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011............................................................ 109
Table 77: France Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016............................................................ 110
Table 78: France Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ........................ 111
Table 79: Italian Paints and Coatings Market Size (US$ Million), 2007–2011 ..................................................................................... 112
Table 80: Italian Paints and Coatings Market Size (US$ Million), 2011–2016 ..................................................................................... 113
Table 81: Italian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .................................................. 114
Table 82: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................................. 115
Table 83: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................................. 116
Table 84: Italian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .......................... 117
Table 85: United Kingdom Paints and Coatings Market Size (US$ Million), 2007–2011 ...................................................................... 118
Table 86: United Kingdom Paints and Coatings Market Size (US$ Million), 2011–2016 ...................................................................... 119
Table 87: United Kingdom Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .................................. 120
Table 88: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011.............................................. 121
Table 89: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016.............................................. 122
Table 90: United Kingdom Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .......... 123
Table 91: Croatian Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................. 124
Table 92: Croatian Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................. 125
Table 93: Croatian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .............................................. 126
Table 94: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ......................................................... 127
Table 95: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ......................................................... 128
Table 96: Croatian Paints and Coatings Market Size by Volume by Category (Thousand Tons) 2007, 2011 and 2016 ....................... 129
Table 97: Russian Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 130
Table 98: Russian Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 131
Table 99: Russian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016............................................... 132
Table 100: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................ 133
Table 101: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................ 134
Table 102: Russian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................... 135
Table 103: Polish Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................... 136
Table 104: Polish Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................... 137
Table 105: Polish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 138
Table 106: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 139
Table 107: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 140
Table 108: Polish Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ....................... 141
Table 109: Hungarian Paints and Coatings Market Size (US$ Million), 2007–2011............................................................................. 142
Table 110: Hungarian Paints and Coatings Market Size (US$ Million), 2011–2016............................................................................. 143
Table 111: Hungarian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ......................................... 144
Table 112: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 145
Table 113: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 146
Table 114: Hungarian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................. 147
Table 115: Swiss Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................... 148
Table 116: Swiss Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................... 149
Table 117: Swiss Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 150
Table 118: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 151
Table 119: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 152
Table 120: Swiss Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ........................ 153
Table 121: Dutch Paints and Coatings Market Size (US$ Million), 2007–2011.................................................................................... 154
Table 122: Dutch Paints and Coatings Market Size (US$ Million), 2011–2016.................................................................................... 155
Table 123: Dutch Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 156
Table 124: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 157
Table 125: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 158
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 14
Table 126: Dutch Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ........................ 159
Table 127: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2007–2011 .......................................................................... 163
Table 128: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2011–2016 .......................................................................... 164
Table 129: Asia-Pacific Paints and Coatings Market Size by Category (US$ Million), 2007–2011....................................................... 165
Table 130: Asia-Pacific Paints and Coatings Market Size by Category (US$ Million), 2011–2016....................................................... 166
Table 131: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................. 167
Table 132: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................. 168
Table 133: Asia-Pacific Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 .............................. 169
Table 134: Asia-Pacific Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2011–2016 .............................. 170
Table 135: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2007–2011 .................................................................. 171
Table 136: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2011–2016 .................................................................. 172
Table 137: Asia-Pacific Paints and Coatings Production Value by Category (US$ Million), 2007–2011 .............................................. 173
Table 138: Asia-Pacific Paints and Coatings Production Value by Category (US$ Million), 2011–2016 .............................................. 174
Table 139: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2007–2011 ......................................................... 175
Table 140: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2011–2016 ......................................................... 176
Table 141: Asia-Pacific Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ..................................... 177
Table 142: Asia-Pacific Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ..................................... 178
Table 143: Chinese Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................ 179
Table 144: Chinese Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................ 180
Table 145: Chinese Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ............................................ 181
Table 146: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................ 182
Table 147: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................ 183
Table 148: Chinese Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................... 184
Table 149: Indian Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................... 185
Table 150: Indian Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................... 186
Table 151: Indian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 187
Table 152: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 188
Table 153: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 189
Table 154: Indian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ....................... 190
Table 155: Japanese Paints and Coatings Market Size (US$ Million), 2007–2011.............................................................................. 191
Table 156: Japanese Paints and Coatings Market Size (US$ Million), 2011–2016.............................................................................. 192
Table 157: Japanese Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .......................................... 193
Table 158: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ..................................................... 194
Table 159: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ..................................................... 195
Table 160: Japanese Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................. 196
Table 161: South Korean Paints and Coatings Market Size (US$ Million), 2007–2011 ....................................................................... 197
Table 162: South Korean Paints and Coatings Market Size (US$ Million), 2011–2016 ....................................................................... 198
Table 163: South Korean Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .................................... 199
Table 164: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................... 200
Table 165: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................... 201
Table 166: South Korean Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ............ 202
Table 167: Australian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................. 203
Table 168: Australian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................. 204
Table 169: Australian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .......................................... 205
Table 170: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ..................................................... 206
Table 171: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ..................................................... 207
Table 172: Australian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................. 208
Table 173: Indonesian Paints and Coatings Market Size (US$ Million), 2007–2011............................................................................ 209
Table 174: Indonesian Paints and Coatings Market Size (US$ Million), 2011–2016............................................................................ 210
Table 175: Indonesian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ........................................ 211
Table 176: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ................................................... 212
Table 177: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ................................................... 213
Table 178: Indonesian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................ 214
Table 179: Malaysian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................. 215
Table 180: Malaysian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................. 216
Table 181: Malaysian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ......................................... 217
Table 182: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ..................................................... 218
Table 183: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ..................................................... 219
Table 184: Malaysian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................. 220
Table 185: Philippine Paints and Coatings Market Size (US$ Million), 2007–2011.............................................................................. 221
Table 186: Philippine Paints and Coatings Market Size (US$ Million), 2011–2016.............................................................................. 222
Table 187: Philippine Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .......................................... 223
Table 188: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ..................................................... 224
Table 189: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ..................................................... 225
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 15
Table 190: Philippine Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................. 226
Table 191: Latin American Paints and Coatings Market Size (US$ Million), 2007–2011 ..................................................................... 230
Table 192: Latin American Paints and Coatings Market Size (US$ Million), 2011–2016 ..................................................................... 231
Table 193: Latin American Paints and Coatings Market Size by Category (US$ Million), 2007–2011 ................................................. 232
Table 194: Latin American Paints and Coatings Market Size by Category (US$ Million), 2011–2016 ................................................. 233
Table 195: Latin American Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................. 234
Table 196: Latin American Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................. 235
Table 197: Latin American Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 ......................... 236
Table 198: Latin American Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2011–2016 ......................... 237
Table 199: Latin American Paints and Coatings Production Value (US$ Million), 2007–2011 ............................................................. 238
Table 200: Latin American Paints and Coatings Production Value (US$ Million), 2011–2016 ............................................................. 239
Table 201: Latin American Paints and Coatings Production Value by Category (US$ Million), 2007–2011 ......................................... 240
Table 202: Latin American Paints and Coatings Production Value by Category (US$ Million), 2011–2016 ......................................... 241
Table 203: Latin American Paints and Coatings Production Volume (Thousand Tons), 2007–2011.................................................... 242
Table 204: Latin American Paints and Coatings Production Volume (Thousand Tons), 2011–2016.................................................... 243
Table 205: Latin American Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ................................ 244
Table 206: Latin American Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ................................ 245
Table 207: Brazilian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................... 246
Table 208: Brazilian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................... 247
Table 209: Brazilian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ............................................ 248
Table 210: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ....................................................... 249
Table 211: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ....................................................... 250
Table 212: Brazilian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................... 251
Table 213: Argentine Paints and Coatings Market Size (US$ Million), 2007–2011 .............................................................................. 252
Table 214: Argentine Paints and Coatings Market Size (US$ Million), 2011–2016 .............................................................................. 253
Table 215: Argentine Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .......................................... 254
Table 216: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011...................................................... 255
Table 217: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................. 256
Table 218: Argentine Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................. 257
Table 219: Colombian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................ 258
Table 220: Colombian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................ 259
Table 221: Colombian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016......................................... 260
Table 222: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 261
Table 223: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 262
Table 224: Colombian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ................ 263
Table 225: Mexican Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................ 264
Table 226: Mexican Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................ 265
Table 227: Mexican Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ............................................ 266
Table 228: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011........................................................ 267
Table 229: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016........................................................ 268
Table 230: Mexican Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 .................... 269
Table 231: Middle East Paints and Coatings Market Size (US$ Million), 2007–2011 .......................................................................... 273
Table 232: Middle East Paints and Coatings Market Size (US$ Million), 2011–2016 .......................................................................... 274
Table 233: Middle East Paints and Coatings Market Size by Category (US$ Million), 2007–2011....................................................... 275
Table 234: Middle East Paints and Coatings Market Size by Category (US$ Million), 2011–2016....................................................... 276
Table 235: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................. 277
Table 236: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................. 278
Table 237: Middle East Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007–2011 .............................. 279
Table 238: Middle East Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2011–2016 .............................. 280
Table 239: Middle East Paints and Coatings Production Value (US$ Million), 2007–2011 .................................................................. 281
Table 240: Middle East Paints and Coatings Production Value (US$ Million), 2011–2016 .................................................................. 282
Table 241: Middle East Paints and Coatings Production Value by Category (US$ Million), 2007–2011 .............................................. 283
Table 242: Middle East Paints and Coatings Production Value by Category (US$ Million), 2011–2016 .............................................. 284
Table 243: Middle East Paints and Coatings Production Volume (Thousand Tons), 2007–2011......................................................... 285
Table 244: Middle East Paints and Coatings Production Volume (Thousand Tons), 2011–2016......................................................... 286
Table 245: Middle East Paints and Coatings Production Volume by Category (Thousand Tons), 2007–2011 ..................................... 287
Table 246: Middle East Paints and Coatings Production Volume by Category (Thousand Tons), 2011–2016 ..................................... 288
Table 247: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2007–2011 ....................................................................... 289
Table 248: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2011–2016 ....................................................................... 290
Table 249: Saudi Arabian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................... 291
Table 250: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011............................................... 292
Table 251: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016............................................... 293
Table 252: Saudi Arabian Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ........... 294
Table 253: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2007–2011 ........................................................... 295
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 16
Table 254: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2011–2016 ........................................................... 296
Table 255: United Arab Emirates Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ........................ 297
Table 256: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ................................... 298
Table 257: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ................................... 299
Table 258: United Arab Emirates Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 300
Table 259: Qatari Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................... 301
Table 260: Qatari Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................... 302
Table 261: Qatari Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ................................................ 303
Table 262: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 304
Table 263: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 305
Table 264: Qatari Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ....................... 306
Table 265: Bahrain Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................. 307
Table 266: Bahrain Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................. 308
Table 267: Bahrain Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 ............................................. 309
Table 268: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011......................................................... 310
Table 269: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016......................................................... 311
Table 270: Bahrain Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ..................... 312
Table 271: Turkish Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................. 313
Table 272: Turkish Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................. 314
Table 273: Turkish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016 .............................................. 315
Table 274: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ......................................................... 316
Table 275: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ......................................................... 317
Table 276: Turkish Paints and Coatings Market Size by Volume by Category (Thousand Tons), 2007, 2011 and 2016 ...................... 318
Table 277: Akzo Nobel NV, Key Facts ................................................................................................................................................ 319
Table 278: Akzo Nobel NV, Main Products and Brands ...................................................................................................................... 321
Table 279: Akzo Nobel NV, History..................................................................................................................................................... 322
Table 280: Akzo Nobel NV, Key Employees ....................................................................................................................................... 327
Table 281: PPG Industries Inc., Key Facts ......................................................................................................................................... 328
Table 282: PPG Industries Inc., Main Products and Brands ................................................................................................................ 330
Table 283: PPG Industries Inc., History .............................................................................................................................................. 331
Table 284: PPG Industries Inc., Key Employees ................................................................................................................................. 336
Table 285: The Sherwin-Williams Company, Key Facts ...................................................................................................................... 338
Table 286: The Sherwin-Williams Company, Main Products, Services and Brands............................................................................. 339
Table 287: The Sherwin-Williams Company, History .......................................................................................................................... 340
Table 288: The Sherwin-Williams Company, Key Employees ............................................................................................................. 344
Table 289: RPM International Inc., Key Facts ..................................................................................................................................... 345
Table 290: RPM International Inc., Main Products, Services and Brands ............................................................................................ 347
Table 291: RPM International Inc., History .......................................................................................................................................... 348
Table 292: RPM International Inc., Key Employees ............................................................................................................................ 353
Table 293: The Valspar Corporation, Key Facts ................................................................................................................................. 354
Table 294: The Valspar Corporation, Main Products and Brands ........................................................................................................ 356
Table 295: The Valspar Corporation, History ...................................................................................................................................... 356
Table 296: The Valspar Corporation, Key Employees ......................................................................................................................... 362
Table 297: Nippon Paint Co. Ltd, Key Facts ....................................................................................................................................... 363
Table 298: Nippon Paint Co. Ltd, Main Products ................................................................................................................................ 364
Table 299: Nippon Paint Co. Ltd, History ............................................................................................................................................ 365
Table 300: Nippon Paint Co. Ltd,, Key Employees.............................................................................................................................. 368
Table 301: Kansai Paint Co. Ltd, Key Facts ........................................................................................................................................ 370
Table 302: Kansai Paint Co. Ltd, Main Products and Services ............................................................................................................ 371
Table 303: Kansai Paint Co. Ltd, History ............................................................................................................................................ 371
Table 304: Kansai Paint Co. Ltd, Key Employees ............................................................................................................................... 375
Table 305: Benjamin Moore & Co., Key Facts .................................................................................................................................... 377
Table 306: Benjamin Moore & Co., Main Products.............................................................................................................................. 377
Table 307: Benjamin Moore & Co., Key Employees............................................................................................................................ 378
Table 308: Kelly-Moore Paint Company Inc., Key Facts ..................................................................................................................... 379
Table 309: Kelly-Moore Paint Company Inc., Main Products............................................................................................................... 379
Table 310: Kelly-Moore Paint Company Inc., Key Employees............................................................................................................. 380
Table 311: Duron Paints & Wallcoverings, Key Facts ......................................................................................................................... 381
Table 312: Duron Paints & Wallcoverings, Main Products and Brands................................................................................................ 381
Table 313: Duron Paints & Wallcoverings, Key Employees ................................................................................................................ 382
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 17
LIST OF FIGURES
Figure 1: Global Paints and Coatings Market Dynamics by Value (%), 2007–2016 ............................................................................... 27
Figure 2: Global Paints and Coatings Market Size (US$ Million), 2007–2011 ....................................................................................... 29
Figure 3: Global Paints and Coatings Market Size (US$ Million), 2011–2016 ....................................................................................... 30
Figure 4: Global Paints and Coatings Market Size by Category (%), 2007–2011 .................................................................................. 31
Figure 5: Global Paints and Coatings Market Size by Category (%), 2011–2016 .................................................................................. 32
Figure 6: Global Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 ................................................................ 33
Figure 7: Global Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016 ................................................................ 34
Figure 8: Global Paints and Coatings Market Size by Volume by Category (%), 2007–2011................................................................. 35
Figure 9: Global Paints and Coatings Market size by Volume by Category (%), 2011–2016 ................................................................. 36
Figure 10: Global Paints and Coatings Production Value (US$ Million), 2007–2011 ............................................................................. 37
Figure 11: Global Paints and Coatings Production Value (US$ Million), 2011–2016 ............................................................................. 38
Figure 12: Global Paints and Coatings Production Value by Category (%), 2007–2011 ........................................................................ 39
Figure 13: Global Paints and Coatings Production Value by Category (%), 2011–2016 ........................................................................ 40
Figure 14: Global Paints and Coatings Production Volume (Thousand Tons), 2007–2011.................................................................... 41
Figure 15: Global Paints and Coatings Production Volume (Thousand Tons), 2011–2016.................................................................... 42
Figure 16: Global Paints and Coatings Production Volume by Category (%), 2007–2011 ..................................................................... 43
Figure 17: Global Paints and Coatings Production Volume by Category (%), 2011–2016 ..................................................................... 44
Figure 18: North America Paints and Coatings Market Dynamics by Value (%), 2007–2016................................................................. 46
Figure 19: North America Paints and Coatings Market Size (US$ Million), 2007–2011 ......................................................................... 47
Figure 20: North America Paints and Coatings Market Size (US$ Million), 2011–2016 ......................................................................... 48
Figure 21: North America Paints and Coatings Market Size by Category (%), 2007–2011 .................................................................... 49
Figure 22: North America Paints and Coatings Market Size by Category (%), 2011–2016 .................................................................... 50
Figure 23: North America Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011.................................................. 51
Figure 24: North America Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016.................................................. 52
Figure 25: North America Paints and Coatings Market size by Volume by Category (%), 2007–2011 ................................................... 53
Figure 26: North America Paints and Coatings Market size by Volume by Category (%), 2011–2016 ................................................... 54
Figure 27: North America Paints and Coatings Production Value (US$ Million), 2007–2011 ................................................................. 55
Figure 28: North America Paints and Coatings Production Value (US$ Million), 2011–2016 ................................................................. 56
Figure 29: North America Paints and Coatings Production Value by Category (%), 2007–2011............................................................ 57
Figure 30: North America Paints and Coatings Production Value by Category (%), 2011–2016............................................................ 58
Figure 31: North America Paints and Coatings Production Volume (Thousand Tons), 2007–2011 ....................................................... 59
Figure 32: North America Paints and Coatings Production Volume (Thousand Tons), 2011–2016 ....................................................... 60
Figure 33: North America Paints and Coatings Production Volume by Category (%), 2007–2011 ............................................... 61
Figure 34: North America Paints and Coatings Production Volume by Category (%), 2011–2016 ......................................................... 62
Figure 35: US Paints and Coatings Market Size (US$ Million), 2007–2011 ........................................................................................... 63
Figure 36: US Paints and Coatings Market Size (US$ Million), 2011–2016 ........................................................................................... 64
Figure 37: US Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ...................................................................... 65
Figure 38: US Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011................................................................... 66
Figure 39: US Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016................................................................... 67
Figure 40: US Paints and Coatings Market size by Volume by Category (%), 2007, 2011 and 2016 ..................................................... 68
Figure 41: Canadian Paints and Coatings Market Size (US$ Million), 2007–2011................................................................................. 69
Figure 42: Canadian Paints and Coatings Market Size (US$ Million), 2011–2016................................................................................. 70
Figure 43: Canadian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................ 71
Figure 44: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011 ......................................................... 72
Figure 45: Canadian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................ 73
Figure 46: Canadian Paints and Coatings Market Size by Volume by Category (%), 2007–2011 .......................................................... 74
Figure 47: Europe Paints and Coatings Market Dynamics by Value (%), 2007–2016............................................................................ 77
Figure 48: Europe Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................... 78
Figure 49: Europe Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................... 79
Figure 50: Europe Paints and Coatings Market Size by Category (%), 2007–2011 ............................................................................... 80
Figure 51: Europe Paints and Coatings Market Size by Category (%), 2011–2016 ............................................................................... 81
Figure 52: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................................ 82
Figure 53: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................................ 83
Figure 54: Europe Paints and Coatings Market Size by Volume by Category (%), 2007–2011 ............................................................. 84
Figure 55: Europe Paints and Coatings Market Size by Volume by Category (%), 2011–2016 ............................................................. 85
Figure 56: Europe Paints and Coatings Production Value (US$ Million), 2007–2011 ............................................................................ 86
Figure 57: Europe Paints and Coatings Production Value (US$ Million), 2011–2016 ............................................................................ 87
Figure 58: Europe Paints and Coatings Production Value by Category (%), 2007–2011 ....................................................................... 88
Figure 59: Europe Paints and Coatings Production Value by Category (%), 2011–2016 ....................................................................... 89
Figure 60: Europe Paints and Coatings Production Volume (Thousand Tons), 2007–2011 .................................................................. 90
Figure 61: Europe Paints and Coatings Production Volume (Thousand Tons), 2011–2016 .................................................................. 91
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 18
Figure 62: Europe Paints and Coatings Production Volume by Category (%), 2007–2011 .................................................................... 92
Figure 63: Europe Paints and Coatings Production Volume by Category (%), 2011–2016 .................................................................... 93
Figure 64: German Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................... 94
Figure 65: German Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................... 95
Figure 66: German Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 .............................................................. 96
Figure 67: German Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................... 97
Figure 68: German Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................... 98
Figure 69: German Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 99
Figure 70: Spanish Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................. 100
Figure 71: Spanish Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................. 101
Figure 72: Spanish Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................ 102
Figure 73: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ......................................................... 103
Figure 74: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ......................................................... 104
Figure 75: Spanish Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .......................................... 105
Figure 76: France Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................... 106
Figure 77: France Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................... 107
Figure 78: France Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 .............................................................. 108
Figure 79: France Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 109
Figure 80: France Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 110
Figure 81: France Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 111
Figure 82: Italian Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................... 112
Figure 83: Italian Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................... 113
Figure 84: Italian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................... 114
Figure 85: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................................ 115
Figure 86: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................................ 116
Figure 87: Italian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .............................................. 117
Figure 88: United Kingdom Paints and Coatings Market Size (US$ Million), 2007–2011..................................................................... 118
Figure 89: United Kingdom Paints and Coatings Market Size (US$ Million), 2011–2016..................................................................... 119
Figure 90: United Kingdom Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ................................................ 120
Figure 91: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................ 121
Figure 92: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................ 122
Figure 93: United Kingdom Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .............................. 123
Figure 94: Croatian Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................ 124
Figure 95: Croatian Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................ 125
Figure 96: Croatian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ........................................................... 126
Figure 97: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................ 127
Figure 98: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................ 128
Figure 99: Croatian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .......................................... 129
Figure 100: Russian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................... 130
Figure 101: Russian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................... 131
Figure 102: Russian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 .......................................................... 132
Figure 103: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ....................................................... 133
Figure 104: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ....................................................... 134
Figure 105: Russian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016......................................... 135
Figure 106: Polish Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 136
Figure 107: Polish Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 137
Figure 108: Polish Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................. 138
Figure 109: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 139
Figure 110: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 140
Figure 111: Polish Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 141
Figure 112: Hungarian Paints and Coatings Market Size (US$ Million), 2007–2011 ........................................................................... 142
Figure 113: Hungarian Paints and Coatings Market Size (US$ Million), 2011–2016 ........................................................................... 143
Figure 114: Hungarian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ...................................................... 144
Figure 115: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ................................................... 145
Figure 116: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ................................................... 146
Figure 117: Hungarian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ..................................... 147
Figure 118: Swiss Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 148
Figure 119: Swiss Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 149
Figure 120: Swiss Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016.............................................................. 150
Figure 121: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 151
Figure 122: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 152
Figure 123: Swiss Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 153
Figure 124: Dutch Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 154
Figure 125: Dutch Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 155
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 19
Figure 126: Dutch Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016.............................................................. 156
Figure 127: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 157
Figure 128: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 158
Figure 129: Dutch Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 159
Figure 130: Asia-Pacific Paints and Coatings Market Dynamics by Value (%), 2007–2016 ................................................................. 162
Figure 131: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2007–2011 ......................................................................... 163
Figure 132: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2011–2016 ......................................................................... 164
Figure 133: Asia-Pacific Paints and Coatings Market Size by Category (%), 2007–2011 .................................................................... 165
Figure 134: Asia-Pacific Paints and Coatings Market Size by Category (%), 2011–2016 .................................................................... 166
Figure 135: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ................................................. 167
Figure 136: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ................................................. 168
Figure 137: Asia-Pacific Paints and Coatings Market Size by Volume by Category (%), 2007–2011 .................................................. 169
Figure 138: Asia-Pacific Paints and Coatings Market Size by Volume by Category (%), 2011–2016 .................................................. 170
Figure 139: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2007–2011 ................................................................. 171
Figure 140: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2011–2016 ................................................................. 172
Figure 141: Asia-Pacific Paints and Coatings Production Value by Category (%), 2007–2011 ............................................................ 173
Figure 142: Asia-Pacific Paints and Coatings Production Value by Category (%), 2011–2016 ............................................................ 174
Figure 143: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2007–2011........................................................ 175
Figure 144: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2011–2016........................................................ 176
Figure 145: Asia-Pacific Paints and Coatings Production Volume by Category (%), 2007–2011 ......................................................... 177
Figure 146: Asia-Pacific Paints and Coatings Production Volume by Category (%), 2011–2016 ......................................................... 178
Figure 147: Chinese Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................... 179
Figure 148: Chinese Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................... 180
Figure 149: Chinese Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 .......................................................... 181
Figure 150: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011....................................................... 182
Figure 151: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016....................................................... 183
Figure 152: Chinese Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ........................................ 184
Figure 153: Indian Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 185
Figure 154: Indian Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 186
Figure 155: Indian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................. 187
Figure 156: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 188
Figure 157: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 189
Figure 158: Indian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................................ 190
Figure 159: Japanese Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................ 191
Figure 160: Japanese Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................ 192
Figure 161: Japanese Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ....................................................... 193
Figure 162: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 194
Figure 163: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 195
Figure 164: Japanese Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ...................................... 196
Figure 165: South Korean Paints and Coatings Market Size (US$ Million), 2007–2011 ...................................................................... 197
Figure 166: South Korean Paints and Coatings Market Size (US$ Million), 2011–2016 ...................................................................... 198
Figure 167: South Korean Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ................................................. 199
Figure 168: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .............................................. 200
Figure 169: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .............................................. 201
Figure 170: South Korean Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ................................ 202
Figure 171: Australian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................ 203
Figure 172: Australian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................ 204
Figure 173: Australian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ....................................................... 205
Figure 174: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 206
Figure 175: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 207
Figure 176: Australian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ...................................... 208
Figure 177: Indonesian Paints and Coatings Market Size (US$ Million), 2007–2011 .......................................................................... 209
Figure 178: Indonesian Paints and Coatings Market Size (US$ Million), 2011–2016 .......................................................................... 210
Figure 179: Indonesian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016...................................................... 211
Figure 180: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................. 212
Figure 181: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................. 213
Figure 182: Indonesian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .................................... 214
Figure 183: Malaysian Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................ 215
Figure 184: Malaysian Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................ 216
Figure 185: Malaysian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ....................................................... 217
Figure 186: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011.................................................... 218
Figure 187: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016.................................................... 219
Figure 188: Malaysian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ..................................... 220
Figure 189: Philippine Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................ 221
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 20
Figure 190: Philippine Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................ 222
Figure 191: Philippine Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ....................................................... 223
Figure 192: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 224
Figure 193: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 225
Figure 194: Philippine Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ...................................... 226
Figure 195: Latin American Paints and Coatings Market Dynamics by Value (%), 2007–2016............................................................ 229
Figure 196: Latin American Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................... 230
Figure 197: Latin American Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................... 231
Figure 198: Latin American Paints and Coatings Market Size by Category (%), 2007–2011 ............................................................... 232
Figure 199: Latin American Paints and Coatings Market Size by Category (%), 2011–2016 ............................................................... 233
Figure 200: Latin American Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................ 234
Figure 201: Latin American Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................ 235
Figure 202: Latin American Paints and Coatings Market Size by Volume by Category (%), 2007–2011 ............................................. 236
Figure 203: Latin American Paints and Coatings Market Size by Volume by Category (%), 2011–2016 ............................................ 237
Figure 204: Latin American Paints and Coatings Production Value (US$ Million), 2007–2011 ............................................................ 238
Figure 205: Latin American Paints and Coatings Production Value (US$ Million), 2011–2016 ............................................................ 239
Figure 206: Latin American Paints and Coatings Production Value by Category (%), 2007–2011 ....................................................... 240
Figure 207: Latin American Paints and Coatings Production Value by Category (%), 2011–2016 ....................................................... 241
Figure 208: Latin American Paints and Coatings Production Volume (Thousand Tons), 2007–2011 .................................................. 242
Figure 209: Latin American Paints and Coatings Production Volume (Thousand Tons), 2011–2016 .................................................. 243
Figure 210: Latin American Paints and Coatings Production Volume by Category (%), 2007–2011 .................................................... 244
Figure 211: Latin American Paints and Coatings Production Volume by Category (%), 2011–2016 .................................................... 245
Figure 212: Brazilian Paints and Coatings Market Size (US$ Million), 2007–2011 .............................................................................. 246
Figure 213: Brazilian Paints and Coatings Market Size (US$ Million), 2011–2016 .............................................................................. 247
Figure 214: Brazilian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ......................................................... 248
Figure 215: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ...................................................... 249
Figure 216: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ...................................................... 250
Figure 217: Brazilian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ........................................ 251
Figure 218: Argentine Paints and Coatings Market Size (US$ Million), 2007–2011............................................................................. 252
Figure 219: Argentine Paints and Coatings Market Size (US$ Million), 2011–2016............................................................................. 253
Figure 220: Argentine Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ........................................................ 254
Figure 221: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................................... 255
Figure 222: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................................... 256
Figure 223: Argentine Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ...................................... 257
Figure 224: Colombian Paints and Coatings Market Size (US$ Million), 2007–2011 ........................................................................... 258
Figure 225: Colombian Paints and Coatings Market Size (US$ Million), 2011–2016 ........................................................................... 259
Figure 226: Colombian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ...................................................... 260
Figure 227: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011................................................... 261
Figure 228: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016................................................... 262
Figure 229: Colombian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .................................... 263
Figure 230: Mexican Paints and Coatings Market Size (US$ Million), 2007–2011............................................................................... 264
Figure 231: Mexican Paints and Coatings Market Size (US$ Million), 2011–2016............................................................................... 265
Figure 232: Mexican Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 .......................................................... 266
Figure 233: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ...................................................... 267
Figure 234: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ...................................................... 268
Figure 235: Mexican Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ........................................ 269
Figure 236: Middle East Paints and Coatings Market Dynamics by Value (%), 2007–2016 ................................................................. 272
Figure 237: Middle East Paints and Coatings Market Size (US$ Million), 2007–2011 ......................................................................... 273
Figure 238: Middle East Paints and Coatings Market Size (US$ Million), 2011–2016 ......................................................................... 274
Figure 239: Middle East Paints and Coatings Market Size by Category (%), 2007–2011 .................................................................... 275
Figure 240: Middle East Paints and Coatings Market Size by Category (%), 2011–2016 .................................................................... 276
Figure 241: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ................................................. 277
Figure 242: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ................................................. 278
Figure 243: Middle East Paints and Coatings Market Size by Volume by Category (%), 2007–2011 .................................................. 279
Figure 244: Middle East Paints and Coatings Market Size by Volume by Category (%), 2011–2016 .................................................. 280
Figure 245: Middle East Paints and Coatings Production Value (US$ Million), 2007–2011 ................................................................. 281
Figure 246: Middle East Paints and Coatings Production Value (US$ Million), 2011–2016 ................................................................. 282
Figure 247: Middle East Paints and Coatings Production Value by Category (%), 2007–2011 ............................................................ 283
Figure 248: Middle East Paints and Coatings Production Value by Category (%), 2011–2016 ............................................................ 284
Figure 249: Middle East Paints and Coatings Production Volume (Thousand Tons), 2007–2011........................................................ 285
Figure 250: Middle East Paints and Coatings Production Volume (Thousand Tons), 2011–2016........................................................ 286
Figure 251: Middle East Paints and Coatings Production Volume by Category (%), 2007–2011 ......................................................... 287
Figure 252: Middle East Paints and Coatings Production Volume by Category (%), 2011–2016 ......................................................... 288
Figure 253: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2007–2011...................................................................... 289
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 21
Figure 254: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2011–2016...................................................................... 290
Figure 255: Saudi Arabian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ................................................. 291
Figure 256: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ............................................. 292
Figure 257: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ............................................. 293
Figure 258: Saudi Arabian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ............................... 294
Figure 259: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2007–2011 .......................................................... 295
Figure 260: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2011–2016 .......................................................... 296
Figure 261: United Arab Emirates Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ..................................... 297
Figure 262: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .................................. 298
Figure 263: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .................................. 299
Figure 264: United Arab Emirates Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .................... 300
Figure 265: Qatari Paints and Coatings Market Size (US$ Million), 2007–2011 .................................................................................. 301
Figure 266: Qatari Paints and Coatings Market Size (US$ Million), 2011–2016 .................................................................................. 302
Figure 267: Qatari Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ............................................................. 303
Figure 268: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 .......................................................... 304
Figure 269: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 .......................................................... 305
Figure 270: Qatari Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016............................................ 306
Figure 271: Bahrain Paints and Coatings Market Size (US$ Million), 2007–2011 ............................................................................... 307
Figure 272: Bahrain Paints and Coatings Market Size (US$ Million), 2011–2016 ............................................................................... 308
Figure 273: Bahrain Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ........................................................... 309
Figure 274: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ....................................................... 310
Figure 275: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ....................................................... 311
Figure 276: Bahrain Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 ......................................... 312
Figure 277: Turkish Paints and Coatings Market Size (US$ Million), 2007–2011 ................................................................................ 313
Figure 278: Turkish Paints and Coatings Market Size (US$ Million), 2011–2016 ................................................................................ 314
Figure 279: Turkish Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016 ........................................................... 315
Figure 280: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011 ........................................................ 316
Figure 281: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016 ........................................................ 317
Figure 282: Turkish Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and 2016 .......................................... 318
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 22
2 INTRODUCTION
2.1 What is this Report About?
This report is the result of extensive market and company research covering the global paints and
coatings market. It provides detailed historic and forecast values of paints and coatings market,
segmented at category level; regional analysis, and analysis of the leading companies in the market.
“Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016” provides a top-level overview, and detailed category and company-
specific insights into the operating environment for paints and coatings companies. It is an essential
tool for companies active across the global construction value chain and for new companies
considering entering the market.
NOTE: For the purposes of this report geographical regions consist of the following:
2.2 Definitions
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 23
All data is collected in local currency. To avoid distortions due to currency fluctuations, all
conversions are made into US dollars of current, historical and forecast data, by taking a yearly
average exchange rate. Most of the values in tables, with the exception of compound annual growth
rate (CAGR) values, are displayed to two decimal places. As such, growth rates may appear
inconsistent with absolute values due to this rounding method.
2.3 Methodology
All construction reports are created by following a comprehensive four stage methodology. This
includes market study, research, analysis and quality control.
1) Market Study
A. Standardization
A) Definitions are specified using recognized industry classifications. The same definition is
used for every country.
B) Annual average currency exchange rates are used for the latest completed year. These are
then applied across both the historical and forecast data to remove exchange rate
fluctuations.
B. Internal audit
C. Trend monitoring
Review of the latest construction companies and industry trends
2) Research
A. Sources
Collection of the latest market-specific data from a wide variety of industry sources:
o Government statistics
o Industry associations
o Company filings
o International organizations
o Construction regulatory agencies
B. Expert opinion
Collation of opinion taken from leading construction industry experts
Analysis of third-party opinion and forecasts:
o Broker reports
o Media
o Official government sources
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 24
3) Analysis
A. Market forecasts
B. Report Writing
Analysis of market data
Discussion of company and industry trends and issues
Review of financial deals and construction trends
4) Quality Control
A. Templates
Detailed process manuals
Standardized report templates and accompanying style guides
Complex forecasting tool used to ensure forecast methodologies are consistently applied
Quality control checklists
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 25
Architectural paints and coatings, also known as decorative paints and coatings or building paints,
are applied on the interior and exterior walls of all kinds of residential, commercial, industrial and
institutional buildings. Apart from their decorative features, architectural paints and coatings also
possess some protective features. This is especially evident for exterior architectural paints and
coatings as exterior paints help to protect the building from nature‟s extremes of rain, sun and wind.
Architectural paints and coatings are applied either professionally by contractors or directly by end-
user customers as do-it-yourself (DIY). During the review period, the demand for DIY paints and
coatings has grown at a faster rate than contractor paints across regions such as Asia-Pacific, Latin
America and the Middle East than in North America and Western Europe.
Although paints and coatings are applied across all types of buildings, the performance of the
architectural paints and coatings market is largely dependent on the construction of new residential
and commercial buildings as paints and coatings are not always regularly applied. In developed
countries paints and coatings are used on a more regular basis than in developing countries and, as
such, new construction activities have a relatively lower importance for paints and coating demand in
developed countries. The global construction industry has shown signs of recovery in 2011,
especially in residential construction, and the global paints and coatings market recorded a growth of
7.1% in value terms in the year with a value of US$49.2 billion in 2011. In terms of volume, the global
market recorded a growth of 6.7% in 2011, with demand reaching an estimated 17.7 million tons.
Developing countries have played a major role in the growth of the global architectural paints and
coatings market during the review period, as the developing countries‟ population growth, rapid
urbanization, increasing disposable income and new focus on nuclear or smaller families have all
combined to considerably raise the demand for residential construction.
The global paints and coatings market landscape has undergone considerable changes during the
review period due to the impact of the global economic crisis. As a result of the Asia-Pacific region‟s
robust growth and the simultaneous decline in the European market, Asia-Pacific overtook Europe to
become the region with the largest proportion of the world‟s leading paints and coatings market size.
Over the forecast period, the Asia-Pacific market is expected to continue growing rapidly and to
account for 48.2% of the global market size in 2016.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 26
Figure 1: Global Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis / © Timetric
Architectural paints and coatings are divided into two categories: solvent-based and water-based
paints and coatings. In contrast to the overall paints and coatings industry where the solvent-based
category accounts for the larger share of total demand, the architectural paints and coatings market is
dominated by the water-based category. In 2011, the water-based paints and coatings category
accounted for 64.7% of the global architectural market size, an increase of 3.9 percentage points
over 2007. In terms of volume, the water-based category contributed 72.0% of the global architectural
market in 2011, an increase of 1.5 percentage points over 2007. The water-based category is
expected to gain market share at expense of the solvency-based category during the forecast period,
as there is a growing demand for environment-friendly paint formulations and strict regulations
passed by various governments enforcing the use of low or zero-volatile organic compounds (VOCs)
emitting paints and coatings. In addition, companies are expected to provide water-based paints and
coatings through the continued adoption of environmental labels such as Leadership in Energy and
Environmental Design (LEED), Green Seal and other national and global environment labels.
Therefore, Timetric expects the water-based paints and coatings category to account for 65.8% of the
global market size and 72.4% of the global volume in 2016.
The production of paints and coatings has also been shifting towards the Asia-Pacific region, with
China emerging as the most preferred new paint production destination. The Chinese market
accounted for 27.8% of the global paints and coatings production in value terms in 2011. The global
paints and coatings production is expected to register a CAGR of 6.80% during the forecast period, to
reach a value of US$70.2 billion in 2016, with the Asia-Pacific market expected to account for 47.8%
of the global production in 2016. Meanwhile, the European share of global production is expected to
decline from 38.2% in 2007 to 24.1% in 2016, and the North American share is expected to decline
from 23.9% in 2007 to 17.7% in 2016.
In contrast to an expected global GDP growth of 3.0–4.0% per annum from 2011 to 2013, the World
Bank expects the developing countries in regions such as Asia-Pacific, Eastern and Central Europe,
Middle East and Latin America will grow at a much higher rate of 6.0–7.0%. Due to this high GDP
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 27
growth, construction activities are projected to grow at a healthy to robust pace in these regions,
which will generate additional demand for the paints and coatings markets in these region. For
example, the Asia-Pacific region is expected to achieve an increase in market size of paints and
coatings at a CAGR of 10.77% during the forecast period, while the Middle East is projected to
register a CAGR of 7.10%. The North American market is projected to achieve a CAGR of 4.27%
during the forecast period, with growth in construction activities being fostered by tax incentives
introduced under the American Recovery and Reinvestment Act (ARRA) in 2009.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 28
The global market size of paints and coatings was US$49.2 billion in 2011, an increase of 7.1% over
2010. During the review period, the market size of paints and coatings recorded a CAGR of 3.90%.
Table 1: Global Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 42,220.5
2008 45,203.2 7.1%
2009 42,547.9 -5.9%
2010 45,926.2 7.9%
2011 49,208.1 7.1%
CAGR 2007–2011 3.90%
Source: Timetric analysis © Timetric
Figure 2: Global Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 29
Timetric expects the global market size of paints and coatings to increase at a CAGR of 7.10% over
the forecast period, and to reach US$69.4 billion in 2016.
Table 2: Global Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 49,208.1
2012 52,093.0 5.9%
2013 55,584.5 6.7%
2014 59,721.7 7.4%
2015 64,339.7 7.7%
2016 69,351.5 7.8%
CAGR 2011–2016 7.10%
Source: Timetric analysis / © Timetric
Figure 3: Global Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 30
The water-based paints and coatings category accounted for the largest share of the global paints
and coatings market in 2011, with a value of US$31.8 billion and a market share of 64.7%.
Meanwhile, solvent-based paints and coatings recorded a market size of US$17.4 billion. Water-
based paints and coatings recorded the fastest growing increase in demand, at a CAGR of 5.54%
during the review period.
Table 3: Global Paints and Coatings Market Size by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 16,554.3 17,106.8 15,487.3 16,355.3 17,369.9 1.21%
Water-based paints and coatings 25,666.2 28,096.3 27,060.6 29,570.9 31,838.2 5.54%
Overall 42,220.5 45, 203.2 42,547.9 45,926.2 49, 208.1 3.90%
Source: Timetric analysis / © Timetric
Figure 4: Global Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 31
Water-based paints and coatings is expected to be the largest category of global paints and coatings
market in 2016, accounting for a value of US$45.7 billion and a market share of 65.8%. Meanwhile,
the solvent-based paints and coatings category is expected to record a market size of US$23.7
billion. Over the forecast period, water-based paints and coatings category is expected to register the
fastest growing increase in demand, at a CAGR of 7.48%.
Table 4: Global Paints and Coatings Market Size by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 17,369.9 18,294.4 19,405.1 20,695.7 22,136.6 23,692.5 6.41%
Water-based paints and coatings 31,838.2 33,798.6 36,179.3 39,026.0 42,203.1 45,659.1 7.48%
Overall 49,208.1 52,093.0 55,584.5 59,721.7 64,339.7 69,351.5 7.10%
Source: Timetric analysis / © Timetric
Figure 5: Global Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 32
The market size in terms of volume for global paints and coatings stood at 17.7 million tons in 2011,
an increase of 6.7% over 2010. During the review period, the market size in terms of volume for
paints and coatings recorded a CAGR of 3.23%.
Table 5: Global Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 15,603.8
2008 16,124.1 3.3%
2009 15,338.0 -4.9%
2010 16,610.6 8.3%
2011 17,719.9 6.7%
CAGR 2007–2011 3.23%
Source: Timetric analysis / © Timetric
Figure 6: Global Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 33
Over the forecast period, Timetric expects the global paints and coatings market to increase at a
CAGR of 6.60% in terms of volume, to reach 24.4 million tons in 2016.
Table 6: Global Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 17,719.9
2012 18,713.6 5.6%
2013 19,877.9 6.2%
2014 21,257.4 6.9%
2015 22,789.7 7.2%
2016 24,393.7 7.0%
CAGR 2011–2016 6.60%
Source: Timetric analysis / © Timetric
Figure 7: Global Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 34
With a volume of 12.8 million tons and a market share of 72.0% in 2011, the water-based paints and
coatings category accounted for the larger share of the global paints and coatings market in terms of
volume. Meanwhile, the solvent-based paints and coatings category market recorded a volume of 5.0
million tons. The water-based paints and coatings recorded the faster growth in terms of volume
during the review period, at a CAGR of 3.76%.
Table 7: Global Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 4,598.4 4,653.3 4,428.5 4,693.0 4,964.8 1.94%
Water-based paints and coatings 11,005.5 11,470.7 10,909.5 11,917.6 12,755.1 3.76%
Overall 15,603.8 16,124.1 15,338.0 16,610.6 17,719.9 3.23%
Source: Timetric analysis / © Timetric
Figure 8: Global Paints and Coatings Market Size by Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 35
The water-based paints and coatings is expected to be the largest category in the global paints and
coatings market in 2016, accounting for 72.4% of the global market size with a volume of 17.7 million
tons. Meanwhile, the solvent-based paints and coatings expected to achieve a market size of 6.7
million tons in terms of volume. Water-based paints and coatings category is expected to register the
fastest growth in paints and coatings during the forecast period, at a CAGR of 6.73%.
Table 8: Global Paints and Coatings Market size by Volume by Category (Thousand Tons),
2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 4,964.8 5,236.9 5,541.0 5,902.8 6,302.2 6,732.0 6.28%
Water-based paints and coatings 12,755.1 13,476.7 14,336.8 15,354.6 16,487.4 17,661.7 6.73%
Overall 17,719.9 18,713.6 19,877.9 21,257.4 22,789.7 24,393.7 6.60%
Source: Timetric analysis / © Timetric
Figure 9: Global Paints and Coatings Market size by Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 36
During the review period, the global production value of the paints and coatings market recorded a
CAGR of 3.94%, to reach US$50.5 billion in 2011.
Table 9: Global Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 43,277.2
2008 46,269.5 6.9%
2009 43,715.0 -5.5%
2010 47,270.5 8.1%
2011 50,518.4 6.9%
CAGR 2007–2011 3.94%
Source: Timetric analysis / © Timetric
Figure 10: Global Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 37
Timetric expects the global production value of paints and coatings market to increase at a CAGR of
6.80% over the forecast period, and reach a value of US$70.2 billion in 2016.
Table 10: Global Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 50,518.4
2012 53,333.3 5.6%
2013 56,733.7 6.4%
2014 60,792.4 7.2%
2015 65,307.6 7.4%
2016 70,195.8 7.5%
CAGR 2011–2016 6.80%
Source: Timetric analysis / © Timetric
Figure 11: Global Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 38
The water-based paints and coatings category accounted for the largest share of the global paints
and coatings production value in 2011, with a value of US$32.1 billion and a market share of 63.5% .
Meanwhile, solvent-based paints and coatings recorded a production value of US$18.4 billion. The
water-based paints and coatings category recorded the fastest-growing production value during the
review period, at a CAGR of 5.46%.
Table 11: Global Paints and Coatings Production Value by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 17,333.0 18,004.0 16,448.0 17,432.5 18,427.0 1.54%
Water-based paints and coatings 25,944.2 28,265.5 27,267.0 29,838.0 32,091.3 5.46%
Overall 43,277.2 46,269.5 43,715.0 47,270.5 50,518.4 3.94%
Source: Timetric analysis / © Timetric
Figure 12: Global Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 39
The water-based paints and coatings production is expected to be the largest category in the global
paints and coatings market in 2016, accounting for a value of US$45.7 billion and a market share of
65.1%. Meanwhile, the solvent-based paints and coatings category is expected to record a
production value of US$24.5 billion. The water-based paints and coatings category is expected to
register the fastest growth in paints and coatings production during the forecast period, at a CAGR of
7.31%.
Table 12: Global Paints and Coatings Production Value by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 18,427.0 19,324.0 20,392.7 21,645.4 23,034.7 24,524.4 5.88%
Water-based paints and coatings 32,091.3 34,009.4 36,341.0 39,146.9 42,272.9 45,671.5 7.31%
Overall 50,518.4 53,333.3 56,733.7 60,792.4 65,307.6 70,195.8 6.80%
Source: Timetric analysis / © Timetric
Figure 13: Global Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 40
The global production volume of paints and coatings stood at 18.0 million tons in 2011, an increase of
6.6% over 2010. During the review period, the production volume of paints and coatings recorded a
CAGR of 3.17%.
Table 13: Global Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 15,907.1
2008 16,429.0 3.3%
2009 15,628.1 -4.9%
2010 16,904.0 8.2%
2011 18,019.8 6.6%
CAGR 2007–2011 3.17%
Source: Timetric analysis / © Timetric
Figure 14: Global Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 41
Timetric expects global production of paints and coatings to increase at a CAGR of 6.47% over the
forecast period, to reach 24.7 million tons in 2016.
Table 14: Global Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 18,019.8
2012 19,003.9 5.5%
2013 20,147.4 6.0%
2014 21,512.8 6.8%
2015 23,026.9 7.0%
2016 24,658.1 7.1%
CAGR 2011–2016 6.47%
Source: Timetric analysis / © Timetric
Figure 15: Global Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 42
The water-based paints and coatings accounted for the largest share of the global paints and
coatings production volume in 2011, with a volume of 12.9 million tons and a market share of 71.4%.
Meanwhile, solvent-based paints and coatings recorded a production volume of 5.2 million tons. The
water-based paints and coatings recorded the fastest-growing production in terms of volume during
the review period, at a CAGR of 3.64%.
Table 15: Global Paints and Coatings Production Volume by Category (Thousand Tons), 2007–
2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 4,751.9 4,835.7 4,591.9 4,876.7 5,151.2 2.04%
Water-based paints and coatings 11,155.1 11,593.3 11,036.2 12,027.3 12,868.6 3.64%
Overall 15,907.1 16,429.0 15,628.1 16,904.0 18,019.8 3.17%
Source: Timetric analysis / © Timetric
Figure 16: Global Paints and Coatings Production Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 43
The water-based paints and coatings category is expected to be the largest category of global paints
and coatings production in 2016, accounting for a volume of 17.8 million tons and a market share of
72.1%. Meanwhile, solvent-based paints and coatings is expected to record a production volume of
6.9 million tons. The water-based paints and coatings category is expected to register the fastest
growth in paints and coatings production volume during the forecast period, at a CAGR of 6.67%.
Table 16: Global Paints and Coatings Production Volume by Category (Thousand Tons), 2011–
2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 5,151.2 5,421.1 5,719.8 6,077.3 6,470.6 6,888.5 5.98%
Water-based paints and coatings 12,868.6 13,582.8 14,427.6 15,435.5 16,556.4 17,769.6 6.67%
Overall 18,019.8 19,003.9 20,147.4 21,512.8 23,026.9 24,658.1 6.47%
Source: Timetric analysis / © Timetric
Figure 17: Global Paints and Coatings Production Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 44
4 North America
4.1 North America Regional Analysis
During the review period, the North American paints and coatings market decreased in value from
US$9.8 billion in 2007 to US$9.2 billion in 2011. The declining market size of the region‟s paints and
coating industry is attributed to the reduction in construction activities in the region following the
global economic crisis. The subprime crisis that began in the US in 2007 affected the entire North
American construction industry, resulting in the annual decline of the regional paints and coating
market by 5.4% in 2008 and 1.5% in 2009. The impact of economic crisis on the paints and coatings
market was more acute in the US than in Canada. Furthermore, the US paints and coatings market
continued declining until the beginning of 2011 while the Canadian market rebounded by 3.3% in
2010.
With the impact of the global economic crisis, the North American paints and coatings market size
recorded a CAGR of -1.13% during the review period. In the same period, the US market size
recorded a CAGR of -1.32% while Canada registered a CAGR of -0.17%.
Within the North American market, the water-based paints and coatings category constituted 79.6%,
and solvent-based paints constituted 20.4%, of the regional market in 2011. The main reason for the
smaller share of the solvent-based paints and coatings category is its hazardous affect on the
environment. During the review period, environmental policies have been tightened and
environmental friendly products have been promoted, which has increased demand for the water-
based category over the solvent-based category. Over the forecast period, Timetric anticipates that
the water-based paints and coatings category will increase at a fastest rate, at a CAGR of 4.37%,
than the solvent-based paints and coatings category, at a CAGR 3.89%.
The production value of North American paints and coatings market declined marginally from
US$10.3 billion in 2007 to US$10.2 billion in 2011. The production volume of paints and coating
market also declined during the review period, from 3.0 million tons in 2007 to 2.6 million tons in
2010, due to the region‟s slowing economy and declining demand for paints and coatings.
Over the forecast period, Timetric anticipates the North American paints and coatings market will
achieve a CAGR of 4.27%. This will be contributed largely by water-based paints and coatings which
is anticipated to be the fastest-growing category, achieving a CAGR of 4.37% over the forecast
period, as opposed to the CAGR of 3.89% projected for the solvent-based category. In addition to
this, the North American construction industry is also expected to improve over the forecast period,
which will fuel the demand for the architectural paints and coatings that are widely used in the
construction industry.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 45
The market size of paints and coatings in North America registered a decline during the review
period, at a CAGR of -1.13%. This decline was mostly due to the US recording a CAGR of -1.32%
during the review period. With a market share of 83.5% in 2011, the US was the largest consumer of
paints and coatings in the region. Over the forecast period, the market size of paints and coatings is
expected to record a CAGR of 4.32% in US and a CAGR of 4.05% in Canada.
Figure 18: North America Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis / © Timetric
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 46
The market size of paints and coatings in North America stood at US$9.3 billion in 2011, an increase
of 2.5% over 2010. During the review period, the market size of paints and coatings recorded a
CAGR of -1.13%.
Table 17: North America Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 9,751.3
2008 9,221.9 -5.4%
2009 9,087.1 -1.5%
2010 9,090.4 0.04%
2011 9,317.2 2.5%
CAGR 2007–2011 -1.13%
Source: Timetric analysis / © Timetric
Figure 19: North America Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 47
Timetric expects market size of paints and coatings in North America to increase at a CAGR of 4.27%
over the forecast period, and to value US$11.5 billion in 2016.
Table 18: North America Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 9,317.2
2012 9,621.0 3.3%
2013 10,023.4 4.2%
2014 10,524.0 5.0%
2015 10,985.6 4.4%
2016 11,484.5 4.5%
CAGR 2011–2016 4.27%
Source: Timetric analysis / © Timetric
Figure 20: North America Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 48
The water-based paints and coatings accounted for the largest share of the paints and coatings
market size in North America in 2011, with a value of US$7.4 billion and a market share of 79.6%.
Meanwhile, solvent-based paints and coatings recorded a market size of US$1.9 billion.
Table 19: North America Paints and Coatings Market Size by Category (US$ Million), 2007–
2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 2,138.5 2,005.9 1,874.5 1,858.6 1,898.7 -2.93%
Water-based paints and coatings 7,612.8 7,216.0 7,212.6 7,231.8 7,418.5 -0.64%
Overall 9,751.3 9,221.9 9,087.1 9,090.4 9,317.2 -1.13%
Source: Timetric analysis © Timetric
Figure 21: North America Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 49
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in North America in 2016, accounting for a value of US$9.2 billion and a regional market share of
80.0%. Meanwhile, the solvent-based paints and coatings category is expected to reach a market
size of US$2.3 billion in terms value. The water-based paints and coatings category is expected to
register the fastest growth in paints and coatings over the forecast period, at a CAGR of 4.37%.
Table 20: North America Paints and Coatings Market Size by Category (US$ Million), 2011–
2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 1,898.7 1,965.9 2,042.4 2,127.6 2,210.9 2,297.5 3.89%
Water-based paints and coatings 7,418.5 7,655.1 7,981.0 8,396.4 8,774.8 9,187.0 4.37%
Overall 9,317.2 9,621.0 10,023.4 10,524.0 10,985.6 11,484.5 4.27%
Source: Timetric analysis © Timetric
Figure 22: North America Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 50
The market size in terms of volume for paints and coatings in North America stood at 2.4 million tons
in 2011, an increase of 1.7% over 2010. However, the market size in terms of volume for paints and
coatings recorded a CAGR of -4.55% during the review period.
Table 21: North America Paints and Coatings Market size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 2,860.9
2008 2,514.6 -12.1%
2009 2,332.5 -7.2%
2010 2,334.9 0.1%
2011 2,374.5 1.7%
CAGR 2007–2011 -4.55%
Source: Timetric analysis / © Timetric
Figure 23: North America Paints and Coatings Market size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 51
Timetric expects the market size in terms of volume for paints and coatings in North America to
increase at a CAGR of 3.38% over the forecast period, and to value 2.8 million tons in 2016.
Table 22: North America Paints and Coatings Market size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 2,374.5
2012 2,437.5 2.7%
2013 2,531.5 3.9%
2014 2,646.1 4.5%
2015 2,747.2 3.8%
2016 2,804.4 2.1%
CAGR 2011–2016 3.38%
Source: Timetric analysis / © Timetric
Figure 24: North America Paints and Coatings Market size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 52
Water-based paints and coatings accounted for the largest share of the paints and coatings market
size in North America, with a volume of 2.0 million tons and a regional market share of 82.6%.
Meanwhile, the solvent-based paints and coatings category recorded a market size of 0.4 million tons
in terms of volume.
Table 23: North America Paints and Coatings Market size by Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 465.8 402.9 409.2 407.2 413.9 -2.91%
Water-based paints and coatings 2,395.1 2,111.7 1,923.3 1,927.7 1,960.6 -4.88%
Overall 2,860.9 2,514.6 2,332.5 2,334.9 2,374.5 -4.55%
Source: Timetric analysis / © Timetric
Figure 25: North America Paints and Coatings Market size by Volume by Category (%), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 53
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in North America, accounting for a volume of 2.3 million tons in 2016 and a regional market share of
82.7% . Meanwhile, the solvent-based paints and coatings expected to record a market size of 0.5
million tons in terms of volume. Water-based paints and coatings category is expected to register the
fastest market size growth in terms of volume for paints and coatings over the forecast period, at a
CAGR of 3.41%.
Table 24: North America Paints and Coatings Market size by Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 413.9 425.4 438.8 454.9 470.4 486.0 3.26%
Water-based paints and coatings 1,960.6 2,012.1 2,092.7 2,191.2 2,276.8 2,318.4 3.41%
Overall 2,374.5 2,437.5 2,531.5 2,646.1 2,747.2 2,804.4 3.38%
Source: Timetric analysis / © Timetric
Figure 26: North America Paints and Coatings Market size by Volume by Category (%), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 54
The production of paints and coatings in North America valued US$10.2 billion in 2011, an increase
of 2.8% over 2010. During the review period, the value of paints and coatings production recorded a
CAGR of -0.35%.
Table 25: North America Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 10,338.3
2008 9,857.2 -4.7%
2009 9,732.4 -1.3%
2010 9,918.3 1.9%
2011 10,195.8 2.8%
CAGR 2007–2011 -0.35%
Source: Timetric analysis / © Timetric
Figure 27: North America Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 55
Timetric expects production of paints and coatings in North America to increase at a CAGR of 4.05%
over the forecast period, and to value US$12.4 billion in 2016.
Table 26: North America Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 10,195.8
2012 10,514.1 3.1%
2013 10,926.7 3.9%
2014 11,450.6 4.8%
2015 11,926.2 4.2%
2016 12,434.4 4.3%
CAGR 2011–2016 4.05%
Source: Timetric analysis / © Timetric
Figure 28: North America Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 56
Water-based paints and coatings accounted for the largest share of the paints and coatings
production value in North America, with a value of US$7.7 billion and a regional market share of
75.7%. Meanwhile, solvent-based paints and coatings recorded a production value of US$2.5 billion.
Table 27: North America Paints and Coatings Production Value by Category (US$ Million),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 2,509.3 2,411.8 2,294.6 2,397.7 2,475.5 -0.34%
Water-based paints and coatings 7,829.1 7,445.4 7,437.9 7,520.7 7,720.3 -0.35%
Overall 10,338.3 9,857.2 9,732.4 9,918.3 10,195.8 -0.35%
Source: Timetric analysis / © Timetric
Figure 29: North America Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 57
The water-based paints and coatings category production is expected to be the largest in paints and
coatings market in North America in 2016, accounting for a value of US$9.4 billion and a regional
market share of 75.8%. Meanwhile, the solvent-based paints and coatings category is expected to
record a production value of US$3.0 billion. The water-based paints and coatings category is
expected to register the fastest growth in paints and coatings production over the forecast period, at a
CAGR of 4.06%.
Table 28: North America Paints and Coatings Production Value by Category (US$ Million),
2011–2016
CAGR
Category 2010 2011 2012 2013 2014 2015
2011–2016
Solvent-based paints and coatings 2,475.5 2,570.4 2,675.2 2,790.5 2,901.8 3,013.1 4.01%
Water-based paints and coatings 7,720.3 7,943.7 8,251.4 8,660.1 9,024.3 9,421.3 4.06%
Overall 10,195.8 10,514.1 10,926.7 11,450.6 11,926.2 12,434.4 4.05%
Source: Timetric analysis / © Timetric
Figure 30: North America Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 58
The production volume of paints and coatings in North America stood at 2.6 million tons in 2011, an
increase of 2.2% over 2010. However, the production volume of paints and coatings recorded a
CAGR of -3.57% during the review period.
Table 29: North America Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 3,020.1
2008 2,683.1 -11.2%
2009 2,519.7 -6.1%
2010 2,553.8 1.4%
2011 2,611.1 2.2%
CAGR 2007–2011 -3.57%
Source: Timetric analysis / © Timetric
Figure 31: North America Paints and Coatings Production Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 59
Timetric expects the production volume of paints and coatings in North America to increase at a
CAGR of 3.61% over the forecast period, and to reach 3.1 million tons in 2016.
Table 30: North America Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 2,611.1
2012 2,682.0 2.7%
2013 2,777.4 3.6%
2014 2,899.6 4.4%
2015 3,005.2 3.6%
2016 3,118.3 3.8%
CAGR 2011–2016 3.61%
Source: Timetric analysis / © Timetric
Figure 32: North America Paints and Coatings Production Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 60
The water-based paints and coatings accounted for the largest share of the paints and coatings
production volume in North America in 2011, with a volume of 2.1 million tons and a regional market
share of 79.4%. Meanwhile, solvent-based paints and coatings recorded a production volume of 0.5
million tons.
Table 31: North America Paints and Coatings Production Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 539.2 482.8 503.6 523.1 536.9 -0.11%
Water-based paints and coatings 2,480.8 2,200.3 2,016.1 2,030.7 2,074.2 -4.38%
Overall 3,020.1 2,683.1 2,519.7 2,553.8 2,611.1 -3.57%
Source: Timetric analysis / © Timetric
Figure 33: North America Paints and Coatings Production Volume by Category (%),
2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 61
Water-based paints and coatings is expected to be the largest category of paints and coatings
production in North America in 2016, accounting for a volume of 2.5 million tons and a regional
market share of 79.5%. Meanwhile, the solvent-based paints and coatings category is expected to
record a production volume of 0.6 million tons. The water-based paints and coatings category is
expected to register the fastest growth in paints and coatings production volume during the forecast
period, at a CAGR of 3.62%.
Table 32: North America Paints and Coatings Production Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 536.9 556.0 575.6 597.9 619.2 640.0 3.58%
Water-based paints and coatings 2,074.2 2,126.0 2,201.8 2,301.6 2,385.9 2,478.3 3.62%
Overall 2,611.1 2,682.0 2,777.4 2,899.6 3,005.2 3,118.3 3.61%
Source: Timetric analysis / © Timetric
Figure 34: North America Paints and Coatings Production Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 62
The market size of paints and coatings in the US stood at US$7.8 billion in 2011, an increase of 2.4%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of -
1.32%.
Table 33: US Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 8,199.2
2008 7,706.6 -6.0%
2009 7,637.5 -0.9%
2010 7,592.2 -0.6%
2011 7,775.9 2.4%
CAGR 2007–2011 -1.32%
Source: Timetric analysis / © Timetric
Figure 35: US Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 63
Timetric expects the market size of paints and coatings in the US to increase at a CAGR of 4.32%
over the forecast period, and to reach US$9.6 billion in 2016.
Table 34: US Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 7,775.9
2012 8,027.5 3.2%
2013 8,367.4 4.2%
2014 8,794.4 5.1%
2015 9,185.0 4.4%
2016 9,605.0 4.6%
CAGR 2011–2016 4.32%
Source: Timetric analysis / © Timetric
Figure 36: US Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 64
Water-based paints and coatings accounted for the highest market share of paints and coatings in
the US in 2011, with a value of US$6.4 billion and a market share of 81.7%. Meanwhile, the solvent-
based paints and coatings recorded a market size of US$1.4 billion in terms of value.
Table 35: US Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 1,695.6 1,420.1 1,689.7
Water-based paints and coatings 6,503.6 6,355.8 7,915.3
Overall 8,199.2 7,775.9 9,605.0
Source: Timetric analysis / © Timetric
Figure 37: US Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 65
The market size in terms of volume for paints and coatings in the US stood at 1.9 million tons in 2011,
an increase of 1.5% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of -5.21% during the review period.
Table 36: US Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 2,387.1
2008 2,060.3 -13.7%
2009 1,906.6 -7.5%
2010 1,898.5 -0.4%
2011 1,927.1 1.5%
CAGR 2007–2011 -5.21%
Source: Timetric analysis / © Timetric
Figure 38: US Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 66
The market size in terms of volume for paints and coatings in the US is expected to increase at a
CAGR of 3.32% over the forecast period, to reach 2.3 million tons in 2016.
Table 37: US Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 1,927.1
2012 1,976.4 2.6%
2013 2,054.1 3.9%
2014 2,149.8 4.7%
2015 2,232.7 3.9%
2016 2,269.5 1.6%
CAGR 2011–2016 3.32%
Source: Timetric analysis / © Timetric
Figure 39: US Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 67
In 2011, Water-based paints and coatings accounted for the highest market size of paints and
coatings in the US, with a volume of 1.6 million tons and a market share of 83.8%. Meanwhile, the
market size for solvent-based paints and coatings reached 0.3 million tons in terms of volume.
Table 38: US Paints and Coatings Market size by Volume by Category (Thousand Tons), 2007,
2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 363.2 312.3 359.3
Water-based paints and coatings 2,023.9 1,614.8 1,910.1
Overall 2,387.1 1,927.1 2,269.5
Source: Timetric analysis / © Timetric
Figure 40: US Paints and Coatings Market size by Volume by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 68
4.5 Canada
The market size of paints and coatings in Canada stood at US$1.5 billion in 2011, an increase of
2.9% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of -0.17%.
Table 39: Canadian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,552.1
2008 1,515.3 -2.4%
2009 1,449.6 -4.3%
2010 1,498.2 3.3%
2011 1,541.3 2.9%
CAGR 2007–2011 -0.17%
Source: Timetric analysis / © Timetric
Figure 41: Canadian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 69
Timetric expects the market size of paints and coatings in Canada to increase at a CAGR of 4.05%
over the forecast period, to reach US$1.9 billion in 2016.
Table 40: Canadian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,541.3
2012 1,593.5 3.4%
2013 1,656.1 3.9%
2014 1,729.7 4.4%
2015 1,800.7 4.1%
2016 1,879.5 4.4%
CAGR 2011–2016 4.05%
Source: Timetric analysis / © Timetric
Figure 42: Canadian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 70
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Canada in 2011, with a value of US$1.1 billion and a market share of 68.9%. Meanwhile, solvent-
based paints and coatings recorded a market size of US$478.6 million in terms of value.
Table 41: Canadian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 442.9 478.6 607.8
Water-based paints and coatings 1,109.2 1,062.7 1,271.7
Overall 1,552.1 1,541.3 1,879.5
Source: Timetric analysis / © Timetric
Figure 43: Canadian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 71
The market size in terms of volume of paints and coatings in Canada stood at 0.4 million tons in
2011, an increase of 2.5% over 2010. The market size in terms of volume of paints and coatings
recorded a CAGR of -1.42% during the review period.
Table 42: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 473.8
2008 454.3 -4.1%
2009 425.9 -6.2%
2010 436.4 2.5%
2011 447.4 2.5%
CAGR 2007–2011 -1.42%
Source: Timetric analysis / © Timetric
Figure 44: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 72
The market size in terms of volume for paints and coatings in Canada is expected to increase at a
CAGR of 3.64% over the forecast period, to reach 0.5 million tons in 2016.
Table 43: Canadian Paints and Coatings Market size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 447.4
2012 461.1 3.1%
2013 477.4 3.5%
2014 496.4 4.0%
2015 514.5 3.7%
2016 534.9 4.0%
CAGR 2011–2016 3.64%
Source: Timetric analysis / © Timetric
Figure 45: Canadian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 73
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Canada in 2011, with a volume of 0.3 million tons and a market share of 77.3%. Meanwhile, the
solvent-based paints and coatings recorded a market size of 0.1 million tons in terms of volume.
Table 44: Canadian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007–2011
Category 2007 2011 2016
Solvent-based paints and coatings 102.6 101.6 126.6
Water-based paints and coatings 371.2 345.8 408.3
Overall 473.8 447.4 534.9
Source: Timetric analysis / © Timetric
Figure 46: Canadian Paints and Coatings Market Size by Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 74
5 Europe
5.1 Europe Regional Analysis
The European paints and coatings market size stood at US$13.4 billion in 2011. The region‟s market
size increased by 1.9% in 2011 over 2010, after recording two consecutive years of decline in 2009
and 2010. The region also recorded an increase in demand by 2.1% in 2011 over 2010 figure despite
registering a decline in volume during 2009 and 2010. The decline in 2009 and 2010 can be
attributed to the significant reduction of construction activities, especially of residential and
commercial buildings, across all European countries due to the global economic slowdown. The
market recovery in 2011 came about due to the positive growth in market size of paints and coatings
across all European countries except Spain and the UK, which was supported by the introduction of
fiscal packages and stimulus measures by governments across the region in 2010. In 2011, Russia
and Poland recorded the highest annual growth of paints and coatings market size in the region, of
7.9% and 6.8% respectively. These two countries were also the only European countries to record a
positive growth rate in the market size of paint and coatings during the review period, with Poland
recording a CAGR of 4.43% and Russia recording a CAGR of 0.66%. The high growth in Poland is
due to the country‟s persistent housing deficit which encouraged residential construction during the
review period. The other European countries recorded negative growth rates in the market size of
paints and coatings during the review period, with the UK declining the most with a CAGR of -10.42%
during the review period.
Despite losing 1.3 percentage points of the regional market share during the review period, Germany
remained the largest consumer of paints and coatings within the European region, accounting for
18.7% of the regional market size and 21.9% of the market volume in 2011. Apart from Germany, the
other significant markets in Europe include Italy with 17.2% of the regional market size and Russia
with 14.1% of the regional market size. The Russian share of the regional market size increased by
2.3 percentage points during the review period, due to its housing boom in 2000–2007. Similarly
Poland increased its market share within the region by 2.1 percentage points during the review
period, and accounted for 7.5% share of the regional market in 2011.
With most of the Western European nations passing strict environmental regulations, which will be
soon be imitated by Eastern European EU members, the solvent-based category is expected to
continue losing market share to the more environmentally friendly water-based category. As such, the
water-based category is expected to increase its market share from 48.7% in 2007 to 52.9% in 2016.
The European paints and coatings market is projected to record an annual growth of 2.7% in 2012,
although the spread of European debt crisis may reduce the growth rate. Timetric projects the
European paints and coatings market will achieve a CAGR of 4.02% during the forecast period.
Russia and Poland are expected to continue registering the fastest growth in market size of paints
and coatings during the forecast period, with expected CAGRs of 9.14% and 6.31% respectively. The
Russian paint and coatings market growth will be fueled by the government‟s proposed federal
housing program, which aims at building 67 million square meters of residential buildings by the end
of 2012, 79 million square meters of residential buildings by 2015, and 145 million square meters by
2020. The Polish paints and coatings market size is also expected to achieve robust growth over the
forecast period due to increased residential construction activities to meet the continuing housing
deficit. The commercial construction activities in Russia and Poland are also expected to increase
during the forecast period due to their hosting of major international events such as the 2012 Asia-
Pacific Economic Cooperation (APEC) Summit, the 2014 Winter Olympic Games, the 2012 UEFA
Euro Tournament and the 2018 FIFA World Cup 2018. Among the developed Western European
nations, growth is expected to remain more subdued. Timetric expects Germany to achieve the
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 75
highest forecast period growth rate among developed Western European nations, at a CAGR of
3.50%, followed by France, at a CAGR of 3.03%.
In terms of production, Timetric expects Europe to record a CAGR of 3.46% over the forecast period
and to value US$16.9 billion in 2016. There will be a shift in production focus during the period, with
Central and Eastern European countries, especially Russia and Poland, expected to increase their
share of paints and coatings production over the developed Western European countries.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 76
During the review period, the market size of paints and coatings in Europe declined at a CAGR of -
3.65%, to reach US$13.4 billion in 2011. However, it is anticipated to recover at a CAGR of 4.02%
over the forecast period. Within the region, Germany has the largest market share of 24.5% in 2011,
followed by Italy with a market share of 17.9% and France with a market share of 12.3%.
Figure 47: Europe Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis / © Timetric
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 77
The market size of paints and coatings in Europe valued US$13.4 billion in 2011, representing an
increase of 1.9% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of -1.13%.
Table 45: Europe Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 15,587.7
2008 16,101.0 3.3%
2009 13,197.8 -18.0%
2010 13,178.2 -0.1%
2011 13,431.9 1.9%
CAGR 2007–2011 -3.65%
Source: Timetric analysis / © Timetric
Figure 48: Europe Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 78
Timetric expects the market size of paints and coatings in Europe to increase at a CAGR of 4.27%
over the forecast period, to reach US$16.4 billion in 2016.
Table 46: Europe Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 13,431.9
2012 13,788.0 2.7%
2013 14,300.8 3.7%
2014 14,924.6 4.4%
2015 15,571.8 4.3%
2016 16,355.5 5.0%
CAGR 2011–2016 4.02%
Source: Timetric analysis / © Timetric
Figure 49: Europe Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 79
With a value of US$7.1 billion and a market share of 52.6% in 2011, water-based paints and coatings
was the largest category within the European paints and coatings market. Meanwhile solvent-based
paints and coatings valued US$6.4 billion in 2011, accounting for 47.4% of the market size.
Table 47: Europe Paints and Coatings Market Size by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 8,000.1 7,824.8 6,347.2 6,252.6 6,370.9 -5.53%
Water-based paints and coatings 7,587.6 8,276.3 6,850.5 6,925.6 7,061.1 -1.78%
Overall 15,587.7 16,101.0 13,197.8 13,178.2 13,431.9 -3.65%
Source: Timetric analysis / © Timetric
Figure 50: Europe Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 80
Water-based paints and coatings is expected to be the largest category in the European paints and
coatings market in 2016, accounting for a value of US$8.7 billion and a market share of 52.9%.
Meanwhile, the solvent-based paints and coatings category is expected to value US$7.7 billion in
2016. Water-based paints and coatings is expected to be the fastest-growing category during the
review period, with a CAGR of 4.16%.
Table 48: Europe Paints and Coatings Market Size by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 6,370.9 6,531.1 6,763.3 7,043.9 7,335.4 7,698.1 3.86%
Water-based paints and coatings 7,061.1 7,256.9 7,537.5 7,880.7 8,236.4 8,657.3 4.16%
Overall 13,431.9 13,788.0 14,300.8 14,924.6 15,571.8 16,355.5 4.02%
Source: Timetric analysis / © Timetric
Figure 51: Europe Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 81
The market size in terms of volume for paints and coatings in Europe stood at 4.7 million tons in
2011, representing an increase of 2.1% over 2010. However, the market size in terms of volume for
paints and coatings recorded a CAGR of -2.75% during the review period.
Table 49: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 5,279.2
2008 5,310.2 0.6%
2009 4,503.7 -15.2%
2010 4,627.0 2.7%
2011 4,722.5 2.1%
CAGR 2007–2011 -2.75%
Source: Timetric analysis / © Timetric
Figure 52: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 82
Timetric expects the market size in terms of volume for paints and coatings in Europe to increase at a
CAGR of 4.08% over the forecast period, to reach 5.8 million tons in 2016.
Table 50: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 4,722.5
2012 4,857.1 2.9%
2013 5,040.4 3.8%
2014 5,263.3 4.4%
2015 5,494.9 4.4%
2016 5,767.9 5.0%
CAGR 2011–2016 4.08%
Source: Timetric analysis / © Timetric
Figure 53: Europe Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 83
With a volume of 3.1 million tons and a market share of 66.4% in 2011, the water-based paints and
coatings category accounted for the largest proportion of the paints and coatings market size in
Europe. Meanwhile, the solvent-based paints and coatings category measured a market size of 1.6
million ton in terms of volume in 2011.
Table 51: Europe Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,862.9 1,849.1 1,571.3 1,559.1 1,584.8 -3.96%
Water-based paints and coatings 3,416.2 3,461.1 2,932.3 3,067.9 3,137.6 -2.10%
Overall 5,279.2 5,310.2 4,503.7 4,627.0 4,722.5 -2.75%
Source: Timetric analysis / © Timetric
Figure 54: Europe Paints and Coatings Market Size by Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 84
Water-based paints and coatings is expected to be the largest category in paints and coatings market
in Europe in 2016, accounting for a volume of 3.9 million tons and a regional market share of 66.8%.
Meanwhile, the solvent-based paints and coatings expected to record a market size of 1.9 million
tons in terms of volume. The water-based category is expected to register the fastest growth in paints
and coatings market in terms of volume during the forecast period, at a CAGR of 4.08%.
Table 52: Europe Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 1,584.8 1,625.2 1,682.1 1,752.9 1,825.7 1,912.3 3.83%
Water-based paints and coatings 3,137.6 3,231.9 3,358.3 3,510.4 3,669.2 3,855.6 4.21%
Overall 4,722.5 4,857.1 5,040.4 5,263.3 5,494.9 5,767.9 4.08%
Source: Timetric analysis / © Timetric
Figure 55: Europe Paints and Coatings Market Size by Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 85
The production of paints and coatings in Europe valued US$14.3 billion in 2011, representing an
increase of 1.6% over 2010. During the review period, the value of paints and coatings production
recorded a CAGR of -3.63%.
Table 53: Europe Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 16,529.4
2008 17,050.6 3.2%
2009 14,024.1 -17.8%
2010 14,038.3 0.1%
2011 14,257.4 1.6%
CAGR 2007–2011 -3.63%
Source: Timetric analysis / © Timetric
Figure 56: Europe Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 86
Timetric expects the production of paints and coatings in Europe to increase at a CAGR of 3.46%
over the forecast period, and to value US$16.9 billion in 2016.
Table 54: Europe Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 14,257.4
2012 14,564.5 2.2%
2013 15,020.4 3.1%
2014 15,592.9 3.8%
2015 16,184.2 3.8%
2016 16,897.2 4.4%
CAGR 2011–2016 3.46%
Source: Timetric analysis / © Timetric
Figure 57: Europe Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 87
The water-based paints and coatings category accounted for the largest share of the paints and
coatings production value in Europe in 2011, with a value of US$7.7 billion and a regional market
share of 75.7%. Meanwhile, solvent-based paints and coatings production valued US$2.5 billion in
2011.
Table 55: Europe Paints and Coatings Production Value by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 8,677.7 8,626.5 7,023.5 6,967.1 7,060.8 -5.02%
Water-based paints and coatings 7,851.8 8,424.1 7,000.6 7,071.1 7,196.6 -2.15%
Overall 16,529.4 17,050.6 14,024.1 14,038.3 14,257.4 -3.63%
Source: Timetric analysis / © Timetric
Figure 58: Europe Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 88
In terms of production value, water-based paints and coatings category is expected to be the largest
category within Europe in 2016, accounting for a value of US$8.7 billion and a regional market share
of 50.5%. Meanwhile, solvent-based paints and coatings is expected to reach a production value of
US$8.2 billion in 2016. The water-based paints and coatings category is expected to register the
fastest growth in paints and coatings production value over the forecast period, at a CAGR of 3.93%.
Table 56: Europe Paints and Coatings Production Value by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 7,060.8 7,184.8 7,373.2 7,614.9 7,862.4 8,170.1 2.96%
Water-based paints and coatings 7,196.6 7,379.7 7,647.1 7,978.0 8,321.8 8,727.1 3.93%
Figure 59: Europe Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 89
The production volume of paints and coatings in Europe stood at 4.9 million tons in 2011,
representing an increase of 1.8% over 2010. However, the production volume of paints and coatings
declined at a CAGR of -2.92% during the review period.
Table 57: Europe Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 5,520.6
2008 5,544.6 0.4%
2009 4,708.2 -15.1%
2010 4,816.1 2.3%
2011 4,903.8 1.8%
CAGR 2007–2011 -2.92%
Source: Timetric analysis / © Timetric
Figure 60: Europe Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 90
Timetric expects the production volume of paints and coatings in Europe to increase at a CAGR of
3.71% over the forecast period, and to reach 5.9 million tons in 2016.
Table 58: Europe Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 4,903.8
2012 5,027.0 2.5%
2013 5,198.0 3.4%
2014 5,409.5 4.1%
2015 5,628.8 4.1%
2016 5,884.0 4.5%
CAGR 2011–2016 3.71%
Source: Timetric analysis / © Timetric
Figure 61: Europe Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 91
With volume of 3.2 million tons and a regional market share of 66.4% in 2011, the water-based paints
and coatings category accounted for the largest share of the paints and coatings production volume
in Europe. Meanwhile, solvent-based paints and coatings measured a volume of 1.7 million tons in
2011.
Table 59: Europe Paints and Coatings Production Volume by Category (Thousand Tons),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,985.5 1,988.2 1,689.3 1,676.7 1,698.6 -3.83%
Water-based paints and coatings 3,535.1 3,556.4 3,019.0 3,139.5 3,205.2 -2.42%
Overall 5,520.6 5,544.6 4,708.2 4,816.1 4,903.8 -2.92%
Source: Timetric analysis / © Timetric
Figure 62: Europe Paints and Coatings Production Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 92
Water-based paints and coatings is expected to be the largest category of paints and coatings
production in Europe in 2016, accounting for a volume of 3.9 million tons and a regional share of
66.8%. Meanwhile, the solvent-based paints and coatings category expected to measure a
production volume of 1.9 million tons in 2016. Over the forecast period, water-based paints and
coatings category is expected to register the fastest growth in paints and coatings production volume,
at a CAGR of 4.00%.
Table 60: Europe Paints and Coatings Production Volume by Category (Thousand Tons),
2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 1,698.6 1,732.2 1,781.6 1,845.5 1,910.5 1,984.3 3.16%
Water-based paints and coatings 3,205.2 3,294.7 3,416.4 3,564.1 3,718.3 3,899.7 4.00%
Overall 4,903.8 5,027.0 5,198.0 5,409.5 5,628.8 5,884.0 3.71%
Source: Timetric analysis / © Timetric
Figure 63: Europe Paints and Coatings Production Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 93
5.4 Germany
The market size of paints and coatings in Germany stood at US$2.5 billion in 2011, representing an
increase of 1.8% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of -5.21%.
Table 61: German Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 3,111.5
2008 3,329.0 7.0%
2009 2,563.4 -23.0%
2010 2,466.4 -3.8%
2011 2,511.9 1.8%
CAGR 2007–2011 -5.21%
Source: Timetric analysis / © Timetric
Figure 64: German Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 94
Timetric expects the market size of paints and coatings in Germany to increase at a CAGR of 3.50%
over the forecast period, and to reach US$2.9 billion in 2016.
Table 62: German Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 2,511.9
2012 2,578.2 2.6%
2013 2,669.2 3.5%
2014 2,770.9 3.8%
2015 2,871.1 3.6%
2016 2,983.8 3.9%
CAGR 2011–2016 3.50%
Source: Timetric analysis / © Timetric
Figure 65: German Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 95
The water-based paints and coatings accounted for the highest market size of paints and coatings in
Germany, with a value of US$1.3 billion and a market share of 53.5%. Meanwhile, the solvent-based
paints and coatings category registered a production value of US$1.2 billion in 2011.
Table 63: German Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 1,555.2 1,169.1 1,335.4
Water-based paints and coatings 1,556.3 1,342.9 1,648.3
Overall 3,111.5 2,511.9 2,983.8
Source: Timetric analysis / © Timetric
Figure 66: German Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 96
The market size in terms of volume for paints and coatings in Germany stood at 922.9 million tons in
2011, an increase of 2.3% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of -2.08% during the review period.
Table 64: German Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 1,003.8
2008 985.1 -1.9%
2009 880.6 -10.6%
2010 902.2 2.5%
2011 922.9 2.3%
CAGR 2007–2011 -2.08%
Source: Timetric analysis / © Timetric
Figure 67: German Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 97
The market size in terms of volume for paints and coatings in Germany is expected to increase at a
CAGR of 3.99% over the forecast period, to reach 1.1 million tons in 2016.
Table 65: German Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 922.9
2012 951.6 3.1%
2013 987.9 3.8%
2014 1,032.8 4.5%
2015 1,075.7 4.2%
2016 1,122.4 4.3%
CAGR 2011–2016 3.99%
Source: Timetric analysis / © Timetric
Figure 68: German Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 98
The water-based paints and coatings accounted for the highest market size of paints and coatings in
Germany in 2011, with a volume of 0.7 million tons and a market share of 72.6%. Meanwhile, the
solvent-based paints and coatings category achieved a market size of 0.3 million tons in terms of
volume in 2011.
Table 66: German Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 284.6 252.6 291.9
Water-based paints and coatings 719.2 670.4 830.5
Overall 1,003.8 922.9 1,122.4
Source: Timetric analysis / © Timetric
Figure 69: German Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 99
5.5 Spain
The market size of paints and coatings in Spain stood at US$1.5 billion in 2011, a decrease of 2.5%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of -
5.53%.
Table 67: Spanish Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,888.3
2008 1,857.9 -1.6%
2009 1,670.4 -10.1%
2010 1,543.3 -7.6%
2011 1,504.3 -2.5%
CAGR 2007–2011 -5.53%
Source: Timetric analysis / © Timetric
Figure 70: Spanish Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 100
Timetric expects the market size of paints and coatings in Spain to increase at a CAGR of 1.83%
over the forecast period, to reach US$1.6 billion in 2016.
Table 68: Spanish Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,504.3
2012 1,499.9 -0.3%
2013 1,520.5 1.4%
2014 1,555.2 2.3%
2015 1,598.3 2.8%
2016 1,646.8 3.0%
CAGR 2011–2016 1.83%
Source: Timetric analysis / © Timetric
Figure 71: Spanish Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 101
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Spain in 2011, with a value of US$937.6 million and a market share of 62.3%. Meanwhile, the
solvent-based paints and coatings registered a market size of US$566.7 million in 2011.
Table 69: Spanish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 722.2 566.7 609.7
Water-based paints and coatings 1,166.1 937.6 1,037.1
Overall 1,888.3 1,504.3 1,646.8
Source: Timetric analysis / © Timetric
Figure 72: Spanish Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 102
The market size in terms of volume for paints and coatings in Spain stood at 0.6 million tons in 2011,
a decrease of 0.8% over 2010. The market size in terms of volume for paints and coatings recorded a
CARC of -3.27% during the review period.
Table 70: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 695.0
2008 742.9 6.9%
2009 564.1 -24.1%
2010 613.3 8.7%
2011 608.5 -0.8%
CAGR 2007–2011 -3.27%
Source: Timetric analysis / © Timetric
Figure 73: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 103
The market size in terms of volume for paints and coatings in Spain is expected to increase at a
CAGR of 1.89% over the forecast period, to reach 0.7 million tons in 2016.
Table 71: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 608.5
2012 612.5 0.7%
2013 620.8 1.4%
2014 632.9 1.9%
2015 648.8 2.5%
2016 668.3 3.0%
CAGR 2011–2016 1.89%
Source: Timetric analysis / © Timetric
Figure 74: Spanish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 104
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Spain in 2011, with a volume of 0.5 million tons and a market share of 75.2%. Meanwhile, the
solvent-based paints and coatings registered a market size of 0.2 million tons in terms of volume in
2011.
Table 72: Spanish Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 167.3 150.7 158.2
Water-based paints and coatings 527.7 457.8 510.1
Overall 695.0 608.5 668.3
Source: Timetric analysis / © Timetric
Figure 75: Spanish Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 105
5.6 France
The market size of paints and coatings in France stood at US$1.7 billion in 2011, an increase of 1.3%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of -
4.46%.
Table 73: France Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,987.8
2008 1,763.4 -11.3%
2009 1,644.8 -6.7%
2010 1,635.7 -0.6%
2011 1,656.3 1.3%
CAGR 2007–2011 -4.46%
Source: Timetric analysis / © Timetric
Figure 76: France Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 106
Timetric expects the market size of paints and coatings in France to increase at a CAGR of 3.03%
over the forecast period, to reach US$1.9 billion in 2016.
Table 74: France Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,656.3
2012 1,693.4 2.2%
2013 1,742.7 2.9%
2014 1,801.8 3.4%
2015 1,857.5 3.1%
2016 1,923.3 3.5%
CAGR 2011–2016 3.03%
Source: Timetric analysis / © Timetric
Figure 77: France Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 107
Water-based paints and coatings accounted for the highest market size of paints and coatings in
France in 2011, with a value of US$898.6 million and a market share of 54.3%. Meanwhile, the
solvent-based paints and coatings category registered a market size US$757.6 million in 2011.
Table 75: France Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 1,216.3 757.6 856.8
Water-based paints and coatings 771.5 898.6 1,066.5
Overall 1,987.8 1,656.3 1,923.3
Source: Timetric analysis / © Timetric
Figure 78: France Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 108
The market size in terms of volume for paints and coatings in France stood at 0.5 million tons in
2011, an increase of 1.7% over 2010. The market size in terms of volume for paints and coatings
registered a CAGR of -1.54% during the review period.
Table 76: France Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 550.4
2008 553.4 0.6%
2009 535.6 -3.2%
2010 508.4 -5.1%
2011 517.1 1.7%
CAGR 2007–2011 -1.54%
Source: Timetric analysis / © Timetric
Figure 79: France Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 109
The market size in terms of volume for paints and coatings in France is expected to increase at a
CAGR of 3.30% over the forecast period, to reach 0.6 million tons in 2016.
Table 77: France Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 517.1
2012 529.6 2.4%
2013 546.0 3.1%
2014 566.0 3.7%
2015 585.9 3.5%
2016 608.3 3.8%
CAGR 2011–2016 3.30%
Source: Timetric analysis / © Timetric
Figure 80: France Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 110
The water-based paints and coatings accounted for the highest market size for paints and coatings in
France in 2011, with a volume of 0.3 million tons and a market share of 65.3%. Meanwhile, the
solvent-based category registered a market size of 0.2 million tons in terms of volume in 2011.
Table 78: France Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 300.6 179.3 201.2
Water-based paints and coatings 249.8 337.8 407.1
Overall 550.4 517.1 608.3
Source: Timetric analysis / © Timetric
Figure 81: France Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 111
5.7 Italy
The market size of paints and coatings in Italy stood at US$2.3 billion in 2011, an increase of 0.8%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of -
0.98%.
Table 79: Italian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 2,409.5
2008 2,826.4 17.3%
2009 2,295.7 -18.8%
2010 2,298.4 0.1%
2011 2,316.3 0.8%
CAGR 2007–2011 -0.98%
Source: Timetric analysis / © Timetric
Figure 82: Italian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 112
Timetric expects the market size of paints and coatings in Italy to increase at a CAGR of 2.88% over
the forecast period, to reach US$2.7 billion in 2016.
Table 80: Italian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 2,316.3
2012 2,351.0 1.5%
2013 2,406.8 2.4%
2014 2,483.5 3.2%
2015 2,553.7 2.8%
2016 2,669.2 4.5%
CAGR 2011–2016 2.88%
Source: Timetric analysis / © Timetric
Figure 83: Italian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 113
The solvent-based paints and coatings category accounted for the highest market size of paints and
coatings in Italy in 2011, with a value of US$1.2 billion and a market share of 51.5%. Meanwhile, the
water-based paints and coatings valued US$1.1 billion in 2011.
Table 81: Italian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 1,305.6 1,193.7 1,360.1
Water-based paints and coatings 1,103.9 1,122.5 1,309.1
Overall 2,409.5 2,316.3 2,669.2
Source: Timetric analysis / © Timetric
Figure 84: Italian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 114
The market size in terms of volume for paints and coatings in Italy stood at 0.8 million tons in 2011, a
decrease of 0.2% over 2010. The market size in terms of volume for paints and coatings recorded a
CAGR of -1.69% during the review period.
Table 82: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 817.8
2008 912.0 11.5%
2009 784.0 -14.0%
2010 765.3 -2.4%
2011 763.9 -0.2%
CAGR 2007–2011 -1.69%
Source: Timetric analysis / © Timetric
Figure 85: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 115
The market size in terms of volume for paints and coatings in Italy is expected to increase at a CAGR
of 2.87% over the forecast period, to reach 0.9 million tons in 2016.
Table 83: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 763.9
2012 776.9 1.7%
2013 798.0 2.7%
2014 822.9 3.1%
2015 845.8 2.8%
2016 879.8 4.0%
CAGR 2011–2016 2.87%
Source: Timetric analysis / © Timetric
Figure 86: Italian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 116
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Italy in 2011, with a volume of 0.5 million tons and a market share of 59.0%. Meanwhile,
solvent-based paints and coatings accounted for the remaining market share of 41.0%, with a market
size of 0.3 million tons in terms of volume.
Table 84: Italian Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 310.8 313.4 350.2
Water-based paints and coatings 507.0 450.5 529.6
Overall 817.8 763.9 879.8
Source: Timetric analysis / © Timetric
Figure 87: Italian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 117
The market size of paints and coatings in the United Kingdom stood at US$1.3 billion in 2011, a
decrease of 1.2% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of -10.42%.
Table 85: United Kingdom Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 2,089.2
2008 1,734.2 -17.0%
2009 1,354.7 -21.9%
2010 1,362.2 0.6%
2011 1,345.6 -1.2%
CAGR 2007–2011 -10.42%
Source: Timetric analysis / © Timetric
Figure 88: United Kingdom Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 118
Timetric projects the market size of paints and coatings in United Kingdom to increase at a CAGR of
2.00% over the forecast period, to reach US$1.5 billion in 2016.
Table 86: United Kingdom Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,345.6
2012 1,325.6 -1.5%
2013 1,349.5 1.8%
2014 1,385.2 2.6%
2015 1,435.9 3.7%
2016 1,485.3 3.4%
CAGR 2011–2016 2.00%
Source: Timetric analysis / © Timetric
Figure 89: United Kingdom Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 119
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in the United Kingdom, with a value of US$836.9 million and a market share of 62.2%.
Meanwhile, the solvent-based paints and coatings category valued US$508.7 million.
Table 87: United Kingdom Paints and Coatings Market Size by Category (US$ Million), 2007,
2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 861.7 508.7 561.3
Water-based paints and coatings 1,227.5 836.9 924.0
Overall 2,089.2 1,345.6 1,485.3
Source: Timetric analysis / © Timetric
Figure 90: United Kingdom Paints and Coatings Market Size by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 120
The market size in terms of volume for paints and coatings in the United Kingdom stood at 0.4 million
tons in 2011, a decrease of 2.0% over 2010. The market size in terms of volume for paints and
coatings recorded a CAGR of -9.62% during the review period.
Table 88: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons),
2007–2011
Year Thousand Tons % Growth
2007 594.9
2008 494.8 -16.8%
2009 397.4 -19.7%
2010 405.2 1.9%
2011 397.0 -2.0%
CAGR 2007–2011 -9.62%
Source: Timetric analysis / © Timetric
Figure 91: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons),
2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 121
The market size in terms of volume for paints and coatings in the United Kingdom is expected to
increase at a CAGR of 1.90% over the forecast period, to reach 0.4 million tons in 2016.
Table 89: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Year Thousand Tons % Growth
2011 397.0
2012 387.7 -2.3%
2013 394.0 1.6%
2014 405.9 3.0%
2015 421.7 3.9%
2016 436.1 3.4%
CAGR 2011–2016 1.90%
Source: Timetric analysis / © Timetric
Figure 92: United Kingdom Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 122
Water-based paints and coatings accounted for the highest market size for paints and coatings in the
United Kingdom in 2011, with a volume of 0.3 million tons and a market share of 64.7%. Meanwhile,
the solvent-based paints and coatings accounted for the remaining market share of 35.3%, with a
market size of 0.1 million tons in terms of volume.
Table 90: United Kingdom Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 179.1 140.1 156.8
Water-based paints and coatings 415.8 256.9 279.4
Overall 594.9 397.0 436.1
Source: Timetric analysis / © Timetric
Figure 93: United Kingdom Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 123
5.9 Croatia
The market size of paints and coatings in Croatia stood at US$76.7 million in 2011, an increase of
0.4% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of -6.88%.
Table 91: Croatian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 102.1
2008 109.0 6.7%
2009 85.2 -21.8%
2010 76.5 -10.2%
2011 76.7 0.4%
CAGR 2007–2011 -6.88%
Source: Timetric analysis / © Timetric
Figure 94: Croatian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 124
Timetric expects the market size of paints and coatings in Croatia to increase at a CAGR of 1.65%
over the forecast period, to reach US$83.3 million in 2016.
Table 92: Croatian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 76.7
2012 77.4 0.9%
2013 78.6 1.5%
2014 80.3 2.2%
2015 82.3 2.4%
2016 83.3 1.3%
CAGR 2011–2016 1.65%
Source: Timetric analysis / © Timetric
Figure 95: Croatian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 125
The solvent-based paints and coatings category accounted for the highest market size of paints and
coatings in Croatia in 2011, with a value of US$38.7 million and a market share of 50.5%. Meanwhile,
the water-based paints and coatings valued US$38.0 million in 2011.
Table 93: Croatian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 58.0 38.7 41.3
Water-based paints and coatings 44.1 38.0 42.0
Overall 102.1 76.7 83.3
Source: Timetric analysis / © Timetric
Figure 96: Croatian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 126
The market size in terms of volume for paints and coatings in Croatia stood at 0.04 million tons in
2011, an increase of 1.0% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of -5.66% during the review period.
Table 94: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 52.1
2008 54.2 4.0%
2009 42.9 -20.8%
2010 40.8 -4.8%
2011 41.2 1.0%
CAGR 2007–2011 -5.66%
Source: Timetric analysis / © Timetric
Figure 97: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 127
The market size in terms of volume for paints and coatings in Croatia is expected to increase at a
CAGR of 2.15% over the forecast period, to reach 0.05 million tons in 2016.
Table 95: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 41.2
2012 41.9 1.5%
2013 42.7 2.1%
2014 43.9 2.7%
2015 45.1 2.9%
2016 45.9 1.6%
CAGR 2011–2016 2.15%
Source: Timetric analysis / © Timetric
Figure 98: Croatian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 128
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Croatia in 2011, with a volume of 33.1 thousand tons and a market share of 80.2%.
Meanwhile, the solvent-based paints and coatings accounted for the remaining market share of
19.8%, with a market size of 8.2 thousand tons in terms of volume.
Table 96: Croatian Paints and Coatings Market Size by Volume by Category (Thousand Tons)
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 12.0 8.2 8.9
Water-based paints and coatings 40.1 33.1 36.9
Overall 52.1 41.2 45.9
Source: Timetric analysis / © Timetric
Figure 99: Croatian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 129
5.10 Russia
The market size of paints and coatings in Russia stood at US$1.9 billion in 2011, an increase of 7.9%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of
0.66%.
Table 97: Russian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,846.0
2008 2,027.8 9.8%
2009 1,584.8 -21.8%
2010 1,756.1 10.8%
2011 1,895.4 7.9%
CAGR 2007–2011 0.66%
Source: Timetric analysis / © Timetric
Figure 100: Russian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 130
Timetric expects the market size of paints and coatings in Russia to increase at a CAGR of 9.14%
over the forecast period, to reach US$2.9 billion in 2016.
Table 98: Russian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,895.4
2012 2,056.1 8.5%
2013 2,242.6 9.1%
2014 2,461.5 9.8%
2015 2,679.2 8.8%
2016 2,935.4 9.6%
CAGR 2011–2016 9.14%
Source: Timetric analysis / © Timetric
Figure 101: Russian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 131
Solvent-based paints and coatings accounted for the highest market size of paints and coatings in
Russia in 2011, with a value of US$1.1 billion and a market share of 55.6%. Meanwhile, the water-
based paints and coatings market sized US$840.8 million in 2011.
Table 99: Russian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 1,090.4 1,054.6 1,620.9
Water-based paints and coatings 755.6 840.8 1,314.5
Overall 1,846.0 1,895.4 2,935.4
Source: Timetric analysis / © Timetric
Figure 102: Russian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 132
The market size in terms of volume for paints and coatings in Russia stood at 0.7 million tons in 2011,
an increase of 7.4% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of -0.69% during the review period.
Table 100: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 699.0
2008 704.7 0.8%
2009 555.5 -21.2%
2010 633.5 14.0%
2011 680.0 7.4%
CAGR 2007–2011 -0.69%
Source: Timetric analysis / © Timetric
Figure 103: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 133
The market size in terms of volume for paints and coatings in Russia is expected to increase at a
CAGR of 8.48% over the forecast period, to reach 1.0 million tons in 2016.
Table 101: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 680.0
2012 733.3 7.8%
2013 794.9 8.4%
2014 866.1 9.0%
2015 937.8 8.3%
2016 1,021.4 8.9%
CAGR 2011–2016 8.48%
Source: Timetric analysis / © Timetric
Figure 104: Russian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 134
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Russia, with a volume of 0.4 million tons and a market share of 52.4%. Meanwhile, the
solvent-based paints and coatings accounted for the remaining market share of 47.6%, with a market
size of 0.3 million tons in terms of volume.
Table 102: Russian Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 364.8 323.4 479.6
Water-based paints and coatings 334.2 356.6 541.8
Overall 699.0 680.0 1,021.4
Source: Timetric analysis / © Timetric
Figure 105: Russian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 135
5.11 Poland
The market size of paints and coatings in Poland stood at US$1.0 billion in 2011, an increase of 6.8%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of
4.43%.
Table 103: Polish Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 842.5
2008 1,069.5 27.0%
2009 820.0 -23.3%
2010 938.6 14.5%
2011 1,002.1 6.8%
CAGR 2007–2011 4.43%
Source: Timetric analysis / © Timetric
Figure 106: Polish Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 136
Timetric expects the market size of paints and coatings in Poland to increase at a CAGR of 6.31%
over the forecast period, to reach US$1.4 billion in 2016
Table 104: Polish Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,002.1
2012 1,064.6 6.2%
2013 1,126.9 5.9%
2014 1,194.8 6.0%
2015 1,268.2 6.1%
2016 1,360.8 7.3%
CAGR 2011–2016 6.31%
Source: Timetric analysis / © Timetric
Figure 107: Polish Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 137
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in Poland, with a value of US$592.1 million and a market share of 59.1%. Meanwhile,
solvent-based paints and coatings market sized US$410.0 million.
Table 105: Polish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 371.9 410.0 554.2
Water-based paints and coatings 470.6 592.1 806.7
Overall 842.5 1,002.1 1,360.8
Source: Timetric analysis / © Timetric
Figure 108: Polish Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 138
The market size in terms of volume for paints and coatings in Poland stood at 0.5 million tons in
2011, an increase of 6.6% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 0.01% during the review period.
Table 106: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 468.7
2008 436.7 -6.8%
2009 401.5 -8.1%
2010 439.9 9.6%
2011 468.9 6.6%
CAGR 2007–2011 0.01%
Source: Timetric analysis / © Timetric
Figure 109: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 139
The market size in terms of volume for paints and coatings in Poland is expected to increase at a
CAGR of 5.90% over the forecast period, to reach 0.6 million tons in 2016.
Table 107: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 468.9
2012 495.9 5.8%
2013 522.8 5.4%
2014 552.4 5.7%
2015 584.4 5.8%
2016 624.7 6.9%
CAGR 2011–2016 5.90%
Source: Timetric analysis / © Timetric
Figure 110: Polish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 140
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Poland, with a volume of 0.4 million tons and a market share of 78.5%. Meanwhile, the solvent-based
paints and coatings category accounted for the remaining market share of 21.5%, with a market size
of 0.1 million tons in terms of volume.
Table 108: Polish Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 97.6 100.8 134.9
Water-based paints and coatings 371.1 368.1 489.8
Overall 468.7 468.9 624.7
Source: Timetric analysis / © Timetric
Figure 111: Polish Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 141
5.12 Hungary
The market size of paints and coatings in Hungary stood at US$180.3 million in 2011, an increase of
1.5% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of -7.22%.
Table 109: Hungarian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 243.3
2008 265.1 8.9%
2009 197.6 -25.4%
2010 177.7 -10.1%
2011 180.3 1.5%
CAGR 2007–2011 -7.22%
Source: Timetric analysis / © Timetric
Figure 112: Hungarian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 142
Timetric expects the market size of paints and coatings in Hungary to increase at a CAGR of 3.05%
over the forecast period, to reach US$209.5 million in 2016.
Table 110: Hungarian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 180.3
2012 184.0 2.1%
2013 189.0 2.7%
2014 195.0 3.2%
2015 201.8 3.4%
2016 209.5 3.8%
CAGR 2011–2016 3.05%
Source: Timetric analysis / © Timetric
Figure 113: Hungarian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 143
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Hungary in 2011, with a value of US$101.3 million and a market share of 56.2%. Meanwhile, the
solvent-based paints and coatings valued US$79.0 million in 2011.
Table 111: Hungarian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 109.5 79.0 89.5
Water-based paints and coatings 133.8 101.3 120.0
Overall 243.3 180.3 209.5
Source: Timetric analysis / © Timetric
Figure 114: Hungarian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 144
The market size in terms of volume for paints and coatings in Hungary stood at 0.08 million tons in
2011, an increase of 1.3% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of -8.21% during the review period.
Table 112: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 118.6
2008 124.8 5.3%
2009 92.0 -26.3%
2010 83.1 -9.6%
2011 84.2 1.3%
CAGR 2007–2011 -8.21%
Source: Timetric analysis / © Timetric
Figure 115: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 145
The market size in terms of volume of paints and coatings in Hungary is expected to increase at a
CAGR of 3.21% over the forecast period, to reach 0.09 million tons in 2016.
Table 113: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 84.2
2012 86.0 2.2%
2013 88.4 2.7%
2014 91.4 3.4%
2015 94.8 3.8%
2016 98.6 4.0%
CAGR 2011–2016 3.21%
Source: Timetric analysis / © Timetric
Figure 116: Hungarian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 146
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Hungary in 2011, with a volume of 0.07 million tons and a market share of 79.7%. Meanwhile, the
solvent-based paints and coatings accounted for the remaining market share of 20.3%, with a market
size of 0.2 million tons in terms of volume in 2011.
Table 114: Hungarian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 20.9 17.1 19.0
Water-based paints and coatings 97.7 67.1 79.6
Overall 118.6 84.2 98.6
Source: Timetric analysis / © Timetric
Figure 117: Hungarian Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 147
5.13 Switzerland
The market size of paints and coatings in Switzerland stood at US$400.0 million in 2011, an increase
of 2.2% over 2010. During the review period, the market size of paints and coatings recorded a
CAGR of -1.25%.
Table 115: Swiss Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 420.8
2008 452.7 7.6%
2009 399.9 -11.7%
2010 391.5 -2.1%
2011 400.1 2.2%
CAGR 2007–2011 -1.25%
Source: Timetric analysis / © Timetric
Figure 118: Swiss Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 148
Timetric expects the market size of paints and coatings in Switzerland to increase at a CAGR of
2.34% over the forecast period, to reach US$449.1 million in 2016.
Table 116: Swiss Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 400.1
2012 408.2 2.0%
2013 415.5 1.8%
2014 424.9 2.3%
2015 436.2 2.7%
2016 449.1 3.0%
CAGR 2011–2016 2.34%
Source: Timetric analysis / © Timetric
Figure 119: Swiss Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 149
The solvent-based paints and coatings category accounted for the highest market size of paints and
coatings in Switzerland in 2011, with a value of US$251.8 million and a market share of 62.9%.
Meanwhile, the water-based paints and coatings valued US$148.3 million in 2011.
Table 117: Swiss Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 280.3 251.8 281.7
Figure 120: Swiss Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 150
The market size in terms of volume for paints and coatings in Switzerland stood at 0.1 million tons in
2011, an increase of 2.0% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of -2.37% during the review period.
Table 118: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 112.6
2008 119.1 5.8%
2009 102.8 -13.8%
2010 100.3 -2.4%
2011 102.3 2.0%
CAGR 2007–2011 -2.37%
Source: Timetric analysis / © Timetric
Figure 121: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 151
The market size in terms of volume for paints and coatings in Switzerland is expected to increase at a
CAGR of 1.86% over the forecast period, to reach 0.1 million tons in 2016.
Table 119: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 102.3
2012 104.1 1.7%
2013 105.5 1.3%
2014 107.2 1.6%
2015 109.5 2.1%
2016 112.2 2.5%
CAGR 2011–2016 1.86%
Source: Timetric analysis / © Timetric
Figure 122: Swiss Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 152
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Switzerland in 2011, with a volume of 0.05 million tons and a market share of 55.9%. Meanwhile, the
solvent-based paints and coatings accounted for the remaining market share of 44.1%, with a market
size of 0.04 million tons in terms of volume.
Table 120: Swiss Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 51.7 45.1 49.7
Figure 123: Swiss Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 153
5.14 Netherlands
The market size of paints and coatings in the Netherlands stood at US$542.9 million in 2011, an
increase of 2.1% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of -4.28%.
Table 121: Dutch Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 646.8
2008 666.1 3.0%
2009 581.4 -12.7%
2010 531.7 -8.5%
2011 542.9 2.1%
CAGR 2007–2011 -4.28%
Source: Timetric analysis / © Timetric
Figure 124: Dutch Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 154
Timetric expects the market size of paints and coatings in the Netherlands to increase at a CAGR of
2.32% over the forecast period, to reach US$608.9 million in 2016.
Table 122: Dutch Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 542.9
2012 549.7 1.2%
2013 559.6 1.8%
2014 571.5 2.1%
2015 587.8 2.9%
2016 608.9 3.6%
CAGR 2011–2016 2.32%
Source: Timetric analysis / © Timetric
Figure 125: Dutch Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 155
Solvent-based paints and coatings accounted for the highest market size of paints and coatings in the
Netherlands in 2011, with a value of US$340.9 million and a market share of 62.8%. Meanwhile, the
water-based paints and coatings category valued US$202.1 million.
Table 123: Dutch Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 429.1 340.9 387.3
Water-based paints and coatings 217.8 202.1 221.6
Overall 646.8 542.9 608.9
Source: Timetric analysis / © Timetric
Figure 126: Dutch Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 156
The market size in terms of volume for paints and coatings in the Netherlands stood at 0.1 million
tons in 2011, an increase of 1.0% over 2010. The market size in terms of volume of paints and
coatings recorded a CAGR of -4.83% during the review period.
Table 124: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 166.2
2008 182.5 9.8%
2009 147.3 -19.3%
2010 135.0 -8.4%
2011 136.4 1.0%
CAGR 2007–2011 -4.83%
Source: Timetric analysis © Timetric
Figure 127: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 157
The market size in terms of volume for paints and coatings in the Netherlands is expected to increase
at a CAGR of 1.95% over the forecast period, to reach 0.2 million tons in 2016.
Table 125: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 136.4
2012 137.6 0.9%
2013 139.5 1.3%
2014 141.9 1.7%
2015 145.4 2.5%
2016 150.2 3.3%
CAGR 2011–2016 1.95%
Source: Timetric analysis © Timetric
Figure 128: Dutch Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 158
Water-based paints and coatings accounted for the highest market size for paints and coatings in the
Netherlands in 2011, with a volume of 0.08 million tons and a market share of 60.3%. Meanwhile, the
solvent-based paints and coatings accounted for the remaining market share of 39.7%, with a market
size of 0.05 million tons in terms of volume.
Table 126: Dutch Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 73.6 54.1 61.9
Water-based paints and coatings 92.7 82.2 88.3
Overall 166.2 136.4 150.2
Source: Timetric analysis / © Timetric
Figure 129: Dutch Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 159
6 Asia-Pacific
6.1 Asia-Pacific Regional Analysis
The Asia-Pacific region contains a variety of paints and coatings markets, ranging from highly
developed and mature markets in countries such as Japan and Australia, to some of the fastest-
growing and emerging markets in countries such as China, India, Indonesia and the Philippines. The
region was the least affected by the global economic crisis, which enabled the paints and coatings
market to record a high annual growth of 10.1% during the peak of the crisis in 2009. The annual
growth rate further strengthened to 19.3% in 2010 due, in part, to economic stimulus and government
incentives in the region. In 2011, the region‟s annual growth rate was 14.3% and the paints and
coatings market sized US$20.0 billion. In terms of volume, the Asia-Pacific paints and coatings
market recorded a strong annual growth of 13.7% in 2011, to reach 6.3 million tons.
During the review period, the Asia-Pacific region‟s paints and coatings market recorded a CAGR of
15.84%, with the Chinese market driving the region‟s growth with its CAGR of 23.53%. Consequently,
China‟s share in the Asia-Pacific market increased from 54.7% in 2007 to 70.7% in 2011. The main
reasons for China‟s strong growth are the expansion of the Chinese middle-class population and the
rising urbanization level, which are increasing the demand for high quality homes in urban areas. For
example, Shanghai alone required an additional 1.3 million square meters of new residential housing
annually to house its growing population during the review period. Similarly the rising income levels of
a growing middle class, shift towards nuclear families, affordable interest rates and modern attitudes
to home ownership have encouraged residential construction activities in other Asia-Pacific emerging
countries such as India, Indonesia, Malaysia and Philippines. The robust economic growth of
developing Asia-Pacific countries has also supported and sustained a strong demand for commercial
property constructions, such as modern offices, outdoor leisure facilities, hotels and shopping centers,
to meet the needs of businesses. In contrast to these developing Asia-Pacific markets, Japan and
Australia represent mature and developed paint and coatings markets with more modest review
period growth rates.
The environmental friendly water-based paints and coatings category recorded a higher CAGR of
17.54% during the review period than the solvent-based paints and coatings category, which recorded
a CAGR of 12.98%. Consequently, the water-based category increased its regional market share
from 61.3% in 2007 to 65.0% in 2011. Timetric expects this trend to continue during the forecast
period, with the water-based paints and coatings expected to record a CAGR of 11.28% compared to
the projected CAGR of 9.80% for the solvent-based category.
During the review period, the production of paints and coatings in Asia-Pacific has followed the same
trend as its market size, with an identical CAGR of 15.84%. However, over the forecast period
Timetric expects the production growth rate of paints and coatings to record a slightly lower CAGR of
10.60% than the market size growth rate at a CAGR 10.77%. Chinese share in the regional
production of paints and coatings increased from 53.5% in 2007 to 69.3% in 2011, and is further
expected to increase to 76.2% in 2016.
Over the forecast period, Timetric expects the Asia-Pacific market to continue driving the global paints
and coatings market. Furthermore, China will continue registering the largest growth rate in the
region, at an expected CAGR of 12.67% during the forecast period. Residential construction spending
is expected to increase in China, which will be supported by the country‟s rising income levels,
increasing urbanization and government efforts to improve the living conditions of low-income
earners. Indonesia will continue to be the second-fastest-growing consumer of paints and coatings in
the region, with an expected market size CAGR of 10.31% during the forecast period as compared to
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 160
its review period CAGR of 11.36%. India will register a higher demand for paint and coatings during
the forecast period than the review period, as the country is expected to demand 24.3 million new
houses in its urban areas alone. According to an estimate, India requires US$220.3 billion over the
forecast period to cater to the demand for urban housing, notwithstanding the value to cater for
housing in the country‟s semi-urban areas. Similarly, Timetric expects the Japanese paints and
coatings market to record a better performance in the forecast period than the review period, with
growth being driven by the large scale reconstruction activities following in the aftermath of the 2011
earthquake and tsunami. The construction activities in Japan will be supported by the US$2.6 billion
East Japanese Earthquake Reconstruction Program that will be spent over the next ten years. South
Korea is another important country in the Asia-Pacific region, and is expected to achieve a CAGR of
4.17% over the forecast period. In South Korea construction activities will be supported by
investments in preparation for hosting the 2012 World Exposition (World Fair) and the 2018 Winter
Olympic Games.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 161
During the review period, the market size of paints and coatings in the Asia-Pacific region registered
a CAGR of 15.84%, to reach US$20.0 billion in 2011. Over the forecast period, it is anticipated to
grow at a CAGR of 10.77%. Within the region, China was the largest market with a regional market
share of 70.7% in 2011, followed by India with a market share of 8.9% and Australia with a market
share of 5.6%.
Figure 130: Asia-Pacific Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis / © Timetric
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 162
The market size of paints and coatings in Asia-Pacific stood at US$20.0 billion in 2011, representing
an increase of 14.3% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of 15.84%.
Table 127: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 11,132.7
2008 13,343.9 19.9%
2009 14,691.5 10.1%
2010 17,532.9 19.3%
2011 20,045.7 14.3%
CAGR 2007–2011 15.84%
Source: Timetric analysis / © Timetric
Figure 131: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 163
Timetric expects market size of paints and coatings in Asia-Pacific to increase at a CAGR of 10.77%
over the forecast period, to reach US$33.4 billion in 2016.
Table 128: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 20,045.7
2012 22,002.1 9.8%
2013 24,287.9 10.4%
2014 26,968.0 11.0%
2015 30,099.6 11.6%
2016 33,433.3 11.1%
CAGR 2011–2016 10.77%
Source: Timetric analysis / © Timetric
Figure 132: Asia-Pacific Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 164
With a value of US$13.0 billion and a market share of 65.0% in 2011, the water-based paints and
coatings category was the largest within the Asia-Pacific paints and coatings market. Meanwhile,
solvent-based paints and coatings valued US$7.0 billion in 2011, accounting for 35.0% of the market
size.
Table 129: Asia-Pacific Paints and Coatings Market Size by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 4,306.0 4,922.7 5,372.8 6,227.5 7,015.2 12.98%
Water-based paints and coatings 6,826.7 8,421.2 9,318.7 11,305.5 13,030.4 17.54%
Overall 11,132.7 13,343.9 14,691.5 17,532.9 20,045.7 15.84%
Source: Timetric analysis / © Timetric
Figure 133: Asia-Pacific Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 165
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in the Asia-Pacific region in 2016, accounting for a value of US$22.2 billion and a market share of
66.5%. Meanwhile, the solvent-based paints and coatings category is expected to value US$11.2
billion in 2016. Water-based paints and coatings is expected to be the fastest-growing category over
the forecast period, achieving a CAGR of 11.28%.
Table 130: Asia-Pacific Paints and Coatings Market Size by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 7,015.2 7,648.8 8,378.9 9,218.6 10,190.3 11,197.3 9.80%
Water-based paints and coatings 13,030.4 14,353.2 15,909.0 17,749.4 19,909.3 22,236.0 11.28%
Overall 20,045.7 22,002.1 24,287.9 26,968.0 30,099.6 33,433.3 10.77%
Source: Timetric analysis / © Timetric
Figure 134: Asia-Pacific Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 166
The market size in terms of volume for paints and coatings in the Asia-Pacific region stood at 6.3
million tons in 2011, representing an increase of 13.7% over 2010. The market size in terms of
volume for paints and coatings recorded a CAGR of 12.30% during the review period.
Table 131: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 3,938.7
2008 4,293.7 9.0%
2009 4,648.1 8.3%
2010 5,510.1 18.5%
2011 6,264.9 13.7%
CAGR 2007–2011 12.30%
Source: Timetric analysis / © Timetric
Figure 135: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 167
Timetric expects the market size in terms of volume for paints and coatings in Asia-Pacific to increase
at a CAGR of 10.45% over the forecast period, to reach 10.3 million tons in 2016.
Table 132: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year US$ Million % Growth
2011 6,264.9
2012 6,865.9 9.6%
2013 7,554.1 10.0%
2014 8,360.8 10.7%
2015 9,296.4 11.2%
2016 10,297.4 10.8%
CAGR 2011–2016 10.45%
Source: Timetric analysis / © Timetric
Figure 136: Asia-Pacific Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 168
With a volume of 4.2 million tons and a market share of 67.3% in 2011, the water-based paints and
coatings category accounted for the largest share of the paints and coatings market size in the Asia-
Pacific region. Meanwhile, solvent-based paints and coatings measured a market size of 2.1 million
tons in terms of volume in 2011.
Table 133: Asia-Pacific Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,364.6 1,464.1 1,572.3 1,839.0 2,050.7 10.72%
Water-based paints and coatings 2,574.1 2,829.6 3,075.7 3,671.1 4,214.2 13.12%
Overall 3,938.7 4,293.7 4,648.1 5,510.1 6,264.9 12.30%
Source: Timetric analysis / © Timetric
Figure 137: Asia-Pacific Paints and Coatings Market Size by Volume by Category (%), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 169
In terms of volume, water-based paints and coatings is expected to be the largest category in the
Asia-Pacific paints and coatings market in 2016, accounting for a volume of 7.1 million tons and a
market share of 68.8%. Meanwhile, the solvent-based paints and coatings expected to record a
market size of 3.2 million tons in terms of volume. The water-based paints and coatings category is
expected to register the fastest growth in paints and coatings market size in volume terms over the
forecast period, at a CAGR of 10.96%.
Table 134: Asia-Pacific Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 2,050.7 2,231.7 2,432.6 2,664.2 2,929.3 3,208.2 9.36%
Water-based paints and coatings 4,214.2 4,634.2 5,121.5 5,696.6 6,367.1 7,089.2 10.96%
Overall 6,264.9 6,865.9 7,554.1 8,360.8 9,296.4 10,297.4 10.45%
Source: Timetric analysis / © Timetric
Figure 138: Asia-Pacific Paints and Coatings Market Size by Volume by Category (%), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 170
The production of paints and coatings in the Asia-Pacific region valued US$20.3 billion in 2011,
representing an increase of 14.0% over 2010. During the review period, the value of paints and
coatings production recorded a CAGR of 15.84%.
Table 135: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 11,253.1
2008 13,461.2 19.6%
2009 14,875.0 10.5%
2010 17,781.0 19.5%
2011 20,266.4 14.0%
CAGR 2007–2011 15.84%
Source: Timetric analysis / © Timetric
Figure 139: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 171
Timetric expects production of paints and coatings in Asia-Pacific to increase at a CAGR of 10.60%
over the forecast period, and to reach US$33.5 billion in 2016.
Table 136: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 20,266.4
2012 22,208.4 9.6%
2013 24,474.8 10.2%
2014 27,132.0 10.9%
2015 30,234.4 11.4%
2016 33,538.2 10.9%
CAGR 2011–2016 10.60%
Source: Timetric analysis / © Timetric
Figure 140: Asia-Pacific Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 172
With a value of US$13.0 billion and a market share of 64.0% in 2011, water-based paints and
coatings accounted for the largest share of the Asia-Pacific paints and coatings production value.
Meanwhile, solvent-based paints and coatings valued US$7.3 billion in the same year.
Table 137: Asia-Pacific Paints and Coatings Production Value by Category (US$ Million),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 4,480.6 5,101.6 5,614.9 6,519.8 7,290.2 12.94%
Water-based paints and coatings 6,772.5 8,359.6 9,260.1 11,261.2 12,976.2 17.65%
Overall 11,253.1 13,461.2 14,875.0 17,781.0 20,266.4 15.84%
Source: Timetric analysis / © Timetric
Figure 141: Asia-Pacific Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 173
In terms of production value, the water-based paints and coatings category is expected to be the
largest within Asia-Pacific in 2016, accounting for a value of US$22.1 billion and a share of 66.0%.
Meanwhile, solvent-based paints and coatings category is expected to have a production value of
US$11.4 billion in 2016. Over the forecast period, the water-based paints and coatings category is
projected to register the fastest growth in paints and coatings production value, at an anticipated
CAGR of 11.26%.
Table 138: Asia-Pacific Paints and Coatings Production Value by Category (US$ Million),
2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 7,290.2 7,918.6 8,639.6 9,469.2 10,426.2 11,419.2 9.39%
Water-based paints and coatings 12,976.2 14,289.8 15,835.2 17,662.9 19,808.2 22,118.9 11.26%
Figure 142: Asia-Pacific Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 174
The production volume of paints and coatings in the Asia-Pacific region stood at 6.3 million tons in
2011, representing an increase of 13.7% over 2010. The production volume of paints and coatings
increased at a CAGR of 12.27% during the review period.
Table 139: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 3,937.6
2008 4,294.0 9.1%
2009 4,654.7 8.4%
2010 5,504.6 18.3%
2011 6,256.7 13.7%
CAGR 2007–2011 12.27%
Source: Timetric analysis / © Timetric
Figure 143: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 175
Timetric expects the production volume of paints and coatings in Asia-Pacific to increase at a CAGR
of 10.40% over the forecast period, to reach 10.3 million tons in 2016.
Table 140: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 6,256.7
2012 6,853.1 9.5%
2013 7,535.7 10.0%
2014 8,336.4 10.6%
2015 9,265.2 11.1%
2016 10,259.0 10.7%
CAGR 2011–2016 10.40%
Source: Timetric analysis / © Timetric
Figure 144: Asia-Pacific Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 176
With a volume of 4.2 million tons and a market share of 67.0% in 2011, water-based paints and
coatings accounted for the largest share of the paints and coatings production volume in the Asia-
Pacific region. Meanwhile, solvent-based paints and coatings measured a volume of 2.1 million tons
in the same year.
Table 141: Asia-Pacific Paints and Coatings Production Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,377.4 1,479.9 1,590.2 1,849.2 2,061.6 10.61%
Water-based paints and coatings 2,560.2 2,814.1 3,064.5 3,655.5 4,195.1 13.14%
Overall 3,937.6 4,294.0 4,654.7 5,504.6 6,256.7 12.27%
Source: Timetric analysis / © Timetric
Figure 145: Asia-Pacific Paints and Coatings Production Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 177
In terms of volume, water-based paints and coatings is expected to be the largest category of paints
and coatings production in Asia-Pacific in 2016, accounting for a volume of 7.1 million tons and a
market share of 68.7%. Meanwhile, the solvent-based paints and coatings category is projected to
measure a production volume of 3.2 million tons. The water-based paints and coatings category is
expected to register the fastest growth in paints and coatings production volume over the forecast
period, at an anticipated CAGR of 10.94%.
Table 142: Asia-Pacific Paints and Coatings Production Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 2,061.6 2,241.0 2,439.7 2,669.3 2,932.0 3,208.6 9.25%
Water-based paints and coatings 4,195.1 4,612.1 5,096.0 5,667.1 6,333.2 7,050.4 10.94%
Overall 6,256.7 6,853.1 7,535.7 8,336.4 9,265.2 10,259.0 10.40%
Source: Timetric analysis / © Timetric
Figure 146: Asia-Pacific Paints and Coatings Production Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 178
6.4 China
The market size of paints and coatings in China stood at US$14.2 billion in 2011, an increase of
17.7% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 23.53%.
Table 143: Chinese Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 6,087.8
2008 7,777.3 27.8%
2009 9,623.4 23.7%
2010 12,046.1 25.2%
2011 14,173.6 17.7%
CAGR 2007–2011 23.53%
Source: Timetric analysis / © Timetric
Figure 147: Chinese Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 179
Timetric expects the market size of paints and coatings in China to increase at a CAGR of 12.67%
over the forecast period, to reach US$25.7 billion in 2016.
Table 144: Chinese Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 14,173.6
2012 15,831.3 11.7%
2013 17,770.1 12.2%
2014 20,072.4 13.0%
2015 22,808.0 13.6%
2016 25,729.3 12.8%
CAGR 2011–2016 12.67%
Source: Timetric analysis / © Timetric
Figure 148: Chinese Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 180
Water-based paints and coatings accounted for the highest market size of paints and coatings in
China in 2011, with a value of US$9.1 billion and a market share of 64.5%. Meanwhile, the solvent-
based paints and coatings category valued US$5.0 billion in 2011.
Table 145: Chinese Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 2,444.7 5,037.1 8,581.3
Water-based paints and coatings 3,643.1 9,136.5 17,148.0
Overall 6,087.8 14,173.6 25,729.3
Source: Timetric analysis / © Timetric
Figure 149: Chinese Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 181
The market size in terms of volume for paints and coatings in China stood at 4.2 million tons in 2011,
an increase of 17.7% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of 19.83% during the review period.
Table 146: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 2,016.7
2008 2,351.0 16.6%
2009 2,846.5 21.1%
2010 3,532.2 24.1%
2011 4,158.3 17.7%
CAGR 2007–2011 19.83%
Source: Timetric analysis / © Timetric
Figure 150: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 182
The market size in terms of volume for paints and coatings in China is expected to increase at a
CAGR of 12.55% over the forecast period, to reach 7.5 million tons in 2016.
Table 147: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 4,158.3
2012 4,641.5 11.6%
2013 5,204.2 12.1%
2014 5,871.4 12.8%
2015 6,663.1 13.5%
2016 7,511.1 12.7%
CAGR 2011–2016 12.55%
Source: Timetric analysis / © Timetric
Figure 151: Chinese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 183
Water-based paints and coatings accounted for the highest market size in terms of volume for paints
and coatings in China in 2011, with a volume of 2.8 million tons and a market share of 68.2%.
Meanwhile, the solvent-based paints and coatings accounted for the remaining market share of
31.8%, with a market size of 1.3 million tons in terms of volume.
Table 148: Chinese Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 722.2 1,322.2 2,236.0
Water-based paints and coatings 1,294.5 2,836.0 5,275.1
Overall 2,016.7 4,158.3 7,511.1
Source: Timetric analysis © Timetric
Figure 152: Chinese Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 184
6.5 India
The market size of paints and coatings in India stood at US$1.8 billion in 2011, an increase of 7.5%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of
4.49%.
Table 149: Indian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,498.9
2008 1,650.9 10.1%
2009 1,459.3 -11.6%
2010 1,661.7 13.9%
2011 1,786.9 7.5%
CAGR 2007–2011 4.49%
Source: Timetric analysis / © Timetric
Figure 153: Indian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 185
Timetric expects the market size of paints and coatings in India to increase at a CAGR of 7.91% over
the forecast period, to reach US$2.6 billion in 2016.
Table 150: Indian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,786.9
2012 1,918.3 7.4%
2013 2,070.6 7.9%
2014 2,241.3 8.2%
2015 2,423.6 8.1%
2016 2,614.4 7.9%
CAGR 2011–2016 7.91%
Source: Timetric analysis / © Timetric
Figure 154: Indian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 186
Solvent-based paints and coatings accounted for the highest market size of paints and coatings in
India in 2011, with a value of US$914.3 million and a market share of 51.2%. Meanwhile, the water-
based paints and coatings category valued US$872.5 million in 2011.
Table 151: Indian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 849.5 914.3 1,309.7
Water-based paints and coatings 649.3 872.5 1,304.7
Overall 1,498.9 1,786.9 2,614.4
Source: Timetric analysis / © Timetric
Figure 155: Indian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 187
The market size in terms of volume for paints and coatings in India stood at 0.9 million tons in 2011,
an increase of 7.2% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of 8.24% during the review period.
Table 152: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 621.5
2008 663.0 6.7%
2009 652.9 -1.5%
2010 796.2 21.9%
2011 853.1 7.2%
CAGR 2007–2011 8.24%
Source: Timetric analysis / © Timetric
Figure 156: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 188
The market size in terms of volume for paints and coatings in India is expected to increase at a
CAGR of 7.47% over the forecast period, to reach 1.2 million tons in 2016.
Table 153: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 853.1
2012 915.0 7.3%
2013 983.7 7.5%
2014 1,060.6 7.8%
2015 1,139.7 7.5%
2016 1,223.1 7.3%
CAGR 2011–2016 7.47%
Source: Timetric analysis / © Timetric
Figure 157: Indian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 189
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in India in 2011, with a volume of 0.429 million tons and a market share of 50.3%.
Meanwhile, the solvent-based paints and coatings accounted for the remaining market share of
49.7%, with a market size of 0.424 million tons in terms of volume.
Table 154: Indian Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 318.8 424.0 592.9
Water-based paints and coatings 302.8 429.1 630.2
Overall 621.5 853.1 1,223.1
Source: Timetric analysis © Timetric
Figure 158: Indian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 190
6.6 Japan
The market size of paints and coatings in Japan stood at US$1.4 billion in 2011, an increase of 1.0%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of
2.04%.
Table 155: Japanese Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,267.6
2008 1,439.2 13.5%
2009 1,282.7 -10.9%
2010 1,360.6 6.1%
2011 1,374.3 1.0%
CAGR 2007–2011 2.04%
Source: Timetric analysis / © Timetric
Figure 159: Japanese Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 191
Timetric expects the market size of paints and coatings in Japan to increase at a CAGR of 2.83%
over the forecast period, to reach US$1.6 billion in 2016.
Table 156: Japanese Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,374.3
2012 1,409.7 2.6%
2013 1,456.3 3.3%
2014 1,497.0 2.8%
2015 1,536.1 2.6%
2016 1,580.2 2.9%
CAGR 2011–2016 2.83%
Source: Timetric analysis / © Timetric
Figure 160: Japanese Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 192
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Japan in 2011, with a value of US$1.1 billion and a market share of 81.6%. Meanwhile, the solvent-
based paints and coatings market sized US$252.8 million in 2011.
Table 157: Japanese Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 315.2 252.8 256.8
Water-based paints and coatings 952.4 1,121.5 1,323.4
Overall 1,267.6 1,374.3 1,580.2
Source: Timetric analysis / © Timetric
Figure 161: Japanese Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 193
The market size in terms of volume for paints and coatings in Japan stood at 0.4 million tons in 2011,
an increase of 0.7% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of -5.21% during the review period.
Table 158: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 491.5
2008 463.8 -5.6%
2009 383.9 -17.2%
2010 394.1 2.7%
2011 396.9 0.7%
CAGR 2007–2011 -5.21%
Source: Timetric analysis / © Timetric
Figure 162: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 194
The market size in terms of volume for paints and coatings in Japan is expected to increase at a
CAGR of 2.21% over the forecast period, to reach 0.44 million tons in 2016.
Table 159: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 396.9
2012 404.3 1.9%
2013 414.4 2.5%
2014 424.3 2.4%
2015 432.7 2.0%
2016 442.6 2.3%
CAGR 2011–2016 2.21%
Source: Timetric analysis / © Timetric
Figure 163: Japanese Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 195
Water-based paints and coatings accounted for the highest market size in terms of volume for paints
and coatings in Japan in 2011, with a volume of 0.3 million tons and a market share of 78.3%.
Meanwhile, the solvent-based paints and coatings category accounted for the remaining market
share of 21.7%, with a market size 0.09 million tons in terms of volume.
Table 160: Japanese Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 112.1 86.2 93.1
Water-based paints and coatings 379.4 310.7 349.6
Overall 491.5 396.9 442.6
Source: Timetric analysis © Timetric
Figure 164: Japanese Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 196
The market size of paints and coatings in South Korea stood at US$600.8 million in 2011, an
increase of 3.1% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of 4.47%.
Table 161: South Korean Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 504.5
2008 554.9 10.0%
2009 574.3 3.5%
2010 582.9 1.5%
2011 600.8 3.1%
CAGR 2007–2011 4.47%
Source: Timetric analysis / © Timetric
Figure 165: South Korean Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 197
Timetric expects the market size of paints and coatings in South Korea to increase at a CAGR of
4.17% over the forecast period, to reach US$736.9 million in 2016.
Table 162: South Korean Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 600.8
2012 621.5 3.4%
2013 645.6 3.9%
2014 673.7 4.4%
2015 705.7 4.7%
2016 736.9 4.4%
CAGR 2011–2016 4.17%
Source: Timetric analysis / © Timetric
Figure 166: South Korean Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 198
Water-based paints and coatings accounted for the highest market size of paints and coatings in
South Korea in 2011, with a value of US$407.9 million and a market share of 67.9%. Meanwhile, the
solvent-based paints and coatings category valued US$192.9 million in 2011.
Table 163: South Korean Paints and Coatings Market Size by Category (US$ Million), 2007,
2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 181.9 192.9 226.5
Water-based paints and coatings 322.5 407.9 510.4
Overall 504.5 600.8 736.9
Source: Timetric analysis / © Timetric
Figure 167: South Korean Paints and Coatings Market Size by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 199
The market size in terms of volume for paints and coatings in South Korea stood at 0.187 million tons
in 2011, an increase of 3.0% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 3.58% during the review period.
Table 164: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 162.5
2008 169.2 4.1%
2009 178.1 5.2%
2010 181.7 2.0%
2011 187.1 3.0%
CAGR 2007–2011 3.58%
Source: Timetric analysis / © Timetric
Figure 168: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 200
The market size in terms of volume for paints and coatings in South Korea is expected to increase at
a CAGR of 4.06% over the forecast period, to reach 0.23 million tons in 2016.
Table 165: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 187.1
2012 193.5 3.4%
2013 201.0 3.9%
2014 209.2 4.1%
2015 219.0 4.7%
2016 228.3 4.2%
CAGR 2011–2016 4.06%
Source: Timetric analysis / © Timetric
Figure 169: South Korean Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 201
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in South Korea in 2011, with a volume of 0.15 million tons and a market share of 78.9%.
Meanwhile, solvent-based paints and coatings accounted for the remaining market share of 21.1%,
with a market size of 0.04 million tons in terms of volume.
Table 166: South Korean Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 39.8 39.5 46.1
Water-based paints and coatings 122.8 147.6 182.3
Overall 162.5 187.1 228.3
Source: Timetric analysis © Timetric
Figure 170: South Korean Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 202
6.8 Australia
The market size of paints and coatings in Australia stood at US$1.1 billion in 2011, an increase of
5.4% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 1.43%.
Table 167: Australian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
1,066.2 6.9
2007
1,131.2 6.1%
2008
1,020.5 -9.8%
2009
1,070.9 4.9%
2010
1,128.7 5.4%
2011
CAGR 2007–2011 1.43%
Figure 171: Australian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 203
Timetric expects the market size of paints and coatings in Australia to increase at a CAGR of 3.27%
over the forecast period, to reach US$1.3 billion in 2016.
Table 168: Australian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,128.7
2012 1,162.5 3.0%
2013 1,201.9 3.4%
2014 1,245.9 3.7%
2015 1,287.2 3.3%
2016 1,325.7 3.0%
CAGR 2011–2016 3.27%
Source: Timetric analysis / © Timetric
Figure 172: Australian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 204
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Australia in 2011, with a value of US$1.0 billion and a market share of 89.2%. Meanwhile, the
solvent-based paints and coatings category valued US$122.0 million in 2011.
Table 169: Australian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 136.8 122.0 133.1
Water-based paints and coatings 929.3 1,006.7 1,192.6
Overall 1,066.2 1,128.7 1,325.7
Source: Timetric analysis / © Timetric
Figure 173: Australian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 205
The market size in terms of volume for paints and coatings in Australia stood at 0.29 million tons in
2011, an increase of 3.5% over 2010. Meanwhile, the market size in terms of volume for paints and
coatings recorded a CAGR of -5.43% during the review period.
Table 170: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 356.5
2008 326.8 -8.3%
2009 272.1 -16.7%
2010 275.5 1.3%
2011 285.2 3.5%
CAGR 2007–2011 -5.43%
Source: Timetric analysis © Timetric
Figure 174: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 206
The market size in terms of volume for paints and coatings in Australia is expected to increase at a
CAGR of 2.88% over the forecast period, to reach 0.33 million tons in 2016.
Table 171: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 285.2
2012 292.3 2.5%
2013 300.5 2.8%
2014 310.3 3.2%
2015 319.9 3.1%
2016 328.7 2.7%
CAGR 2011–2016 2.88%
Source: Timetric analysis / © Timetric
Figure 175: Australian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 207
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Australia in 2010, with a volume of 0.26 million tons and a market share of 91.8%.
Meanwhile, solvent-based paints and coatings accounted for the remaining market share of 8.2%,
with a market size of 0.02 million tons in terms of volume.
Table 172: Australian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 33.0 23.5 25.1
Water-based paints and coatings 323.5 261.7 303.6
Overall 356.5 285.2 328.7
Source: Timetric analysis © Timetric
Figure 176: Australian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 208
6.10 Indonesia
The market size of paints and coatings in Indonesia stood at US$215.8 million in 2011, an increase of
10.1% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 11.36%.
Table 173: Indonesian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 140.3
2008 197.0 40.4%
2009 155.4 -21.1%
2010 196.1 26.2%
2011 215.8 10.1%
CAGR 2007–2011 11.36%
Source: Timetric analysis / © Timetric
Figure 177: Indonesian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 209
Timetric expects the market size of paints and coatings in Indonesia to increase at a CAGR of
10.31% over the forecast period, to reach US$352.5 million in 2016.
Table 174: Indonesian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 215.8
2012 237.3 10.0%
2013 261.9 10.4%
2014 288.7 10.2%
2015 319.2 10.6%
2016 352.5 10.4%
CAGR 2011–2016 10.31%
Source: Timetric analysis / © Timetric
Figure 178: Indonesian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 210
Solvent-based paints and coatings accounted for the highest market size of paints and coatings in
Indonesia in 2011, with a value of US$125.2 million and a market share of 58.0%. Meanwhile, the
water-based paints and coatings category valued US$90.6 million.
Table 175: Indonesian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 70.3 125.2 196.1
Water-based paints and coatings 70.1 90.6 156.4
Overall 140.3 215.8 352.5
Source: Timetric analysis / © Timetric
Figure 179: Indonesian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 211
The market size in terms of volume for paints and coatings in Indonesia stood at 0.09 million tons in
2011, an increase of 9.8% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 8.09% during the review period.
Table 176: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 67.6
2008 80.1 18.4%
2009 73.8 -7.8%
2010 84.1 13.9%
2011 92.3 9.8%
CAGR 2007–2011 8.09%
Source: Timetric analysis / © Timetric
Figure 180: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 212
The market size in terms of volume for paints and coatings in Indonesia is expected to increase at a
CAGR of 10.07% over the forecast period, to reach 0.15 million tons in 2016.
Table 177: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 92.3
2012 101.2 9.6%
2013 111.3 10.0%
2014 122.6 10.1%
2015 135.3 10.4%
2016 149.1 10.2%
CAGR 2011–2016 10.07%
Source: Timetric analysis / © Timetric
Figure 181: Indonesian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 213
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Indonesia in 2011, with a volume of 0.06 million tons and a market share of 66.4%. Meanwhile, the
solvent-based paints and coatings accounted for the remaining market share of 33.6%, with a market
size of 0.03 million tons in terms of volume.
Table 178: Indonesian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 24.3 31.0 49.4
Water-based paints and coatings 43.3 61.3 99.7
Overall 67.6 92.3 149.1
Source: Timetric analysis © Timetric
Figure 182: Indonesian Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 214
6.11 Malaysia
The market size of paints and coatings in Malaysia stood at US$491.0 million in 2011, an increase of
36.4% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 8.88%.
Table 179: Malaysian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 349.4
2008 359.1 2.8%
2009 336.0 -6.4%
2010 360.1 7.2%
2011 491.0 36.4%
CAGR 2007–2011 8.88%
Source: Timetric analysis / © Timetric
Figure 183: Malaysian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 215
Timetric expects the market size of paints and coatings in Malaysia to increase at a CAGR of 7.03%
over the forecast period, to reach US$689.6 million in 2016.
Table 180: Malaysian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 491.0
2012 525.6 7.0%
2013 562.2 7.0%
2014 603.0 7.3%
2015 645.3 7.0%
2016 689.6 6.9%
CAGR 2011–2016 7.03%
Source: Timetric analysis / © Timetric
Figure 184: Malaysian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 216
Water-based paints and coatings accounted for the highest value of paints and coatings in Malaysia
in 2011, with a value of US$269.5 million and a market share of 54.9%. Meanwhile, the solvent-
based paints and coatings category valued US$221.5 million.
Table 181: Malaysian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 182.6 221.5 296.4
Water-based paints and coatings 166.8 269.5 393.1
Overall 349.4 491.0 689.6
Source: Timetric analysis / © Timetric
Figure 185: Malaysian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 217
The market size in terms of volume for paints and coatings in Malaysia stood at 0.16 million tons in
2011, an increase of 19.0% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 5.73% during the review period.
Table 182: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 131.4
2008 147.5 12.2%
2009 141.9 -3.8%
2010 138.0 -2.7%
2011 164.2 19.0%
CAGR 2007–2011 5.73%
Source: Timetric analysis / © Timetric
Figure 186: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 218
The market size in terms of volume for paints and coatings in Malaysia is expected to increase at a
CAGR of 7.72% over the forecast period, to reach 0.24 million tons in 2016.
Table 183: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 164.2
2012 190.4 15.9%
2013 200.2 5.2%
2014 211.2 5.5%
2015 221.4 4.9%
2016 238.2 7.6%
CAGR 2011–2016 7.72%
Source: Timetric analysis / © Timetric
Figure 187: Malaysian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 219
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Malaysia in 2011, with a volume of 0.1 million tons and a market share of 60.1%. Meanwhile, the
solvent-based paints and coatings recorded a market size of 0.07 million tons in terms of volume.
Table 184: Malaysian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 62.5 65.5 89.3
Water-based paints and coatings 69.0 98.7 148.9
Overall 131.4 164.2 238.2
Source: Timetric analysis © Timetric
Figure 188: Malaysian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 220
6.12 Philippines
The market size of paints and coatings in the Philippines stood at US$274.6 million in 2011, an
increase of 7.9% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of 5.92%.
Table 185: Philippine Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 218.2
2008 234.4 7.5%
2009 239.9 2.3%
2010 254.5 6.1%
2011 274.6 7.9%
CAGR 2007–2011 5.92%
Source: Timetric analysis / © Timetric
Figure 189: Philippine Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 221
Timetric expects the market size of paints and coatings in Philippines to increase at a CAGR of
8.07% over the forecast period, to reach US$404.8 million in 2016.
Table 186: Philippine Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 274.6
2012 295.9 7.7%
2013 319.4 7.9%
2014 346.0 8.3%
2015 374.5 8.2%
2016 404.8 8.1%
CAGR 2011–2016 8.07%
Source: Timetric analysis / © Timetric
Figure 190: Philippine Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 222
Solvent-based paints and coatings accounted for the highest market size of paints and coatings in the
Philippines, with a value of US$149.4 million and a market share of 54.4%. Meanwhile, the water-
based paints and coatings market sized US$125.2 million.
Table 187: Philippine Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 124.9 149.4 197.4
Water-based paints and coatings 93.2 125.2 207.4
Overall 218.2 274.6 404.8
Source: Timetric analysis / © Timetric
Figure 191: Philippine Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 223
The market size in terms of volume for paints and coatings in the Philippines stood at 0.13 million
tons in 2011, an increase of 18.0% over 2010. The market size in terms of volume for paints and
coatings recorded a CAGR of 8.90% during the review period.
Table 188: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 90.9
2008 92.3 1.6%
2009 98.9 7.1%
2010 108.2 9.5%
2011 127.8 18.0%
CAGR 2007–2011 8.90%
Source: Timetric analysis © Timetric
Figure 192: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 224
The market size in terms of volume for paints and coatings in the Philippines is expected to increase
at a CAGR of 6.64% over the forecast period, to reach 0.18 million tons in 2016.
Table 189: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 127.8
2012 127.7 0.0%
2013 138.7 8.6%
2014 151.4 9.1%
2015 165.2 9.1%
2016 176.2 6.6%
CAGR 2011–2016 6.64%
Source: Timetric analysis © Timetric
Figure 193: Philippine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 225
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in the Philippines, with a volume of 0.07 million tons and a market share of 54.0%.
Meanwhile, solvent-based paints and coatings accounted for the remaining market share of 46.0%,
with a market size of 0.06 million tons in terms of volume in 2011.
Table 190: Philippine Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 52.0 58.7 76.3
Water-based paints and coatings 38.9 69.0 99.9
Overall 90.9 127.8 176.2
Source: Timetric analysis © Timetric
Figure 194: Philippine Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 226
7 Latin America
7.1 Latin America Regional Analysis
Latin America comprises several countries in North, Central and South America which speak Latin-
based languages such as French, Portuguese and Spanish. The region contains Brazil, which is the
world‟s seventh-largest economy by nominal GDP, Argentina, Mexico and Colombia. During the last
20 years, most Latin American countries have been reforming and liberalizing their economies by
allowing foreign capital and privatization. As a result, numerous businesses have begun operating in
the region, which is enabling Latin America to become a considerable economic force. Latin
American countries, especially Brazil, Argentina and Colombia, have been successful in attracting
foreign direct investment (FDI), due to the international competitiveness of their mining and
agribusiness industries and their relatively attractive investment environment following political and
economic reforms. The Latin American economies recorded considerable growth during 2006–2008,
and there were numerous construction activities due to the region‟s growing population, rapid
urbanization and industrial development. However, in 2009, the global financial recession had a
severe impact on the region‟s construction industry, which was reflected in the reduced demand for
paints and coatings. The market size of paints and coatings in Colombia recorded the largest annual
decline of -21.6% in 2009, while the overall Latin American declined at a rate of -14.5%. However, the
Latin American paints and coating market recovered from the global economic crisis quickly and
recorded a growth of 9.6% in 2010 due to construction stimulus measures and the rising domestic
demand. In 2011, Latin American market size of paints and coatings recorded a modest growth of
2.7%, in both value and volume terms, and valued US$4.3 billion with a volume of 2.9 million tons.
During the review period, the Brazilian paints and coating market recorded the highest growth rate at
a CAGR of 7.71%. This growth was supported by increased FDI in the country‟s commercial and
residential construction projects as well as the Brazilian government‟s ambitious infrastructure
development program, Growth Acceleration Program (PAC). Under the PAC 1, which was introduced
in 2007, the Brazilian government allocated US$361.1 billion to develop the country‟s transport,
energy, sanitation, and housing and water resources. The Brazilian paints and coatings regional
market share increased from 36.7% in 2007 to 43.7% in 2011. Meanwhile, the other reported Latin
American countries registered a loss in their share of the regional paints and coatings market size
during the review period. Mexico‟s market share reduced from 38.1% in 2007 to 33.3% 2011, while
Argentina‟s market share decreased from 10.1% in 2007 to 8.4% in 2011 and the Colombian market
share fell from 15.1% in 2007 to 14.6% in 2011. While the market size of paints and coatings in
Argentina and Mexico recorded review period CAGRs of -1.33% and -0.35% respectively, the overall
Latin American paints and coatings market recorded a CAGR of 3.12% during the review period.
The demand for housing in Latin American far outweighs supply due to factors such as the region‟s
expanding population, rising number of people entering the household formation age group, and
growing prosperity supported by increasing remittances being sent from relatives working in North
America. In order to meet the high demand for housing, governments in the region have been
investing in social housing projects and have been using incentives to encourage private developers
to develop housing units for the low-income population. In addition, the region is also a popular tourist
destination, especially for North American tourists, because of its exotic natural beauty and relatively
low-cost facilities. This has encouraged the growth of travel and tourism across the region, which has
increased the demand for retail and leisure and hospitality facilities. The region‟s low-cost medical
facilities have also boosted the level of medical tourism in country, with a large proportion of medical
tourists coming from the United States where healthcare is relatively more expensive. In light of these
developments, Timetric projects the paints and coatings market in Latin America will record a CAGR
of 3.50% over the forecast period. Mexico‟s market size of paints and coatings is expected to record
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 227
the highest CAGR of 3.97%, while Argentina is projected to register the lowest CAGR of 2.97%. The
organization of the 2014 FIFA World Cup and the 2016 Olympic Games in Brazil is also expected to
the stimulate growth of commercial construction activities in Brazil during the forecast period, which
will have a favorable impact on the country‟s market size of paints and coatings.
The Latin American paints and coatings production is expected to record a CAGR of 3.54% over the
forecast period, an improvement on its review period CAGR of 3.01%. Brazil accounted for 47.1% of
the regional production value in 2011, while Mexico accounted for 29.2%. Timetric expects the
Mexican market will achieve the highest CAGR of 4.21% over the forecast period, and will increase
its market share by 1.0 percentage point between 2011 and 2016.
In terms of product categories, water-based paints and coatings increased its share of the regional
paints and coating market from 63.7% in 2007 to 69.4% in 2011. During the forecast period, Timetric
projects the solvent-based category will lose more of its market share to the water-based category
due to the environmentally friendly qualities of water-based paints and coatings.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 228
The market size of paints and coatings in Latin America registered a CAGR of 3.12% during the
review period. The growth was mostly due to Brazil‟s market growing at a CAGR of 7.71% during the
same period. Over the forecast period, the market size of paints and coatings is expected to increase
at a CAGR of 3.50% in Latin America. With a market share of 42.9% in 2011, Brazil was the largest
consumer of paints and coatings in the region.
Figure 195: Latin American Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis © Timetric
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 229
The market size of paints and coatings in Latin America valued US$4.3 billion in 2011, an increase of
2.7% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 3.12%.
Table 191: Latin American Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 3,835.2
2008 4,510.1 17.6%
2009 3,855.7 -14.5%
2010 4,223.9 9.6%
2011 4,335.9 2.7%
CAGR 2007–2011 3.12%
Source: Timetric analysis © Timetric
Figure 196: Latin American Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 230
Timetric expects market size of paints and coatings in Latin America to increase at a CAGR of 3.50%
over the forecast period, to reach US$5.2 billion in 2016.
Table 192: Latin American Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 4,335.9
2012 4,467.7 3.0%
2013 4,614.4 3.3%
2014 4,773.1 3.4%
2015 4,956.8 3.8%
2016 5,150.5 3.9%
CAGR 2011–2016 3.50%
Source: Timetric analysis © Timetric
Figure 197: Latin American Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 231
Water-based paints and coatings accounted for the largest share of the paints and coatings market
size in Latin America in 2011, with a value of US$3.0 billion and a market share of 69.4%. Meanwhile,
the solvent-based paints and coatings category recorded a market size of US$1.3 billion in terms of
value. The water-based paints and coatings category recorded the fastest-growing increase in
demand during the review period, at a CAGR of 5.34%.
Table 193: Latin American Paints and Coatings Market Size by Category (US$ Million), 2007–
2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,393.0 1,592.5 1,216.0 1,305.1 1,328.4 -1.18%
Water-based paints and coatings 2,442.2 2,917.6 2,639.6 2,918.9 3,007.5 5.34%
Overall 3,835.2 4,510.1 3,855.7 4,223.9 4,335.9 3.12%
Source: Timetric analysis © Timetric
Figure 198: Latin American Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 232
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in Latin America in 2016, accounting for a value of US$3.6 billion and a market share of 70.8%.
Meanwhile, the solvent-based paints and coatings category is expected to record a market size of
US$1.5 billion. The water-based paints and coatings category is expected to register the fastest
growth in paints and coatings market size over the forecast period, at a CAGR of 3.92%.
Table 194: Latin American Paints and Coatings Market Size by Category (US$ Million), 2011–
2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 1,328.4 1,352.5 1,385.4 1,421.8 1,462.4 1,505.9 2.54%
Water-based paints and coatings 3,007.5 3,115.1 3,228.9 3,351.4 3,494.4 3,644.6 3.92%
Overall 4,335.9 4,467.7 4,614.4 4,773.1 4,956.8 5,150.5 3.50%
Figure 199: Latin American Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 233
The market size in terms of volume for paints and coatings in Latin America stood at 2.9 million tons
in 2011, an increase of 2.7% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 6.08% during the review period.
Table 195: Latin American Paints and Coatings Market Size by Volume (Thousand Tons),
2007–2011
Year Thousand Tons % Growth
2007 2,299.8
2008 2,704.0 17.6%
2009 2,599.1 -3.9%
2010 2,835.4 9.1%
2011 2,912.5 2.7%
CAGR 2007–2011 6.08%
Source: Timetric analysis © Timetric
Figure 200: Latin American Paints and Coatings Market Size by Volume (Thousand Tons),
2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 234
Timetric expects the market size in terms of volume for paints and coatings in Latin America to
increase at a CAGR of 4.03% over the forecast period, to reach 3.5 million tons in 2016.
Table 196: Latin American Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Year Thousand Tons % Growth
2011 2,912.5
2012 3,019.2 3.7%
2013 3,131.7 3.7%
2014 3,258.5 4.0%
2015 3,399.1 4.3%
2016 3,548.7 4.4%
CAGR 2011–2016 4.03%
Source: Timetric analysis © Timetric
Figure 201: Latin American Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 235
Water-based paints and coatings accounted for the largest share of the paints and coatings market
size in Latin America in 2011, with a volume of 2.5 million tons and a market share of 85.3%.
Meanwhile, solvent-based paints and coatings recorded a market size of 0.4 million tons in terms of
volume. The water paints and coatings category recorded the fastest-growing increase in demand in
terms of volume during the review period, at a CAGR of 8.06%.
Table 197: Latin American Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 478.5 489.6 423.2 423.8 429.6 -2.66%
Water-based paints and coatings 1,821.2 2,214.3 2,176.0 2,411.5 2,483.0 8.06%
Overall 2,299.8 2,704.0 2,599.1 2,835.4 2,912.5 6.08%
Source: Timetric analysis © Timetric
Figure 202: Latin American Paints and Coatings Market Size by Volume by Category (%),
2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 236
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in Latin America in 2016, accounting for a volume of 3.1 million tons and a market share of 86.1%.
Meanwhile, the solvent-based paints and coatings projected to record a market size of 0.5 million
tons in terms of volume. The water-based paints and coatings category is expected to register the
fastest volume growth in paints and coatings market size over the forecast period, at a CAGR of
4.23%.
Table 198: Latin American Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 429.6 440.5 451.3 464.4 478.8 494.3 2.85%
Water-based paints and coatings 2,483.0 2,578.7 2,680.4 2,794.1 2,920.3 3,054.4 4.23%
Overall 2,912.5 3,019.2 3,131.7 3,258.5 3,399.1 3,548.7 4.03%
Source: Timetric analysis © Timetric
Figure 203: Latin American Paints and Coatings Market Size by Volume by Category (%),
2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 237
The production of paints and coatings in Latin America valued US$10.2 billion in 2011, an increase of
3.9% over 2010. During the review period, the value of paints and coatings production recorded a
CAGR of 3.01%.
Table 199: Latin American Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 3,497.0
2008 4,138.8 18.4%
2009 3,554.6 -14.1%
2010 3,834.4 7.9%
2011 3,938.1 2.7%
CAGR 2007–2011 3.01%
Source: Timetric analysis © Timetric
Figure 204: Latin American Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 238
Timetric expects the production of paints and coatings in Latin America to increase at a CAGR of
3.54% over the forecast period, to reach US$4.7 billion in 2016.
Table 200: Latin American Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 3,938.1
2012 4,060.1 3.1%
2013 4,194.4 3.3%
2014 4,339.5 3.5%
2015 4,508.0 3.9%
2016 4,686.3 4.0%
CAGR 2011–2016 3.54%
Source: Timetric analysis © Timetric
Figure 205: Latin American Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 239
Water-based paints and coatings accounted for the largest share of the paints and coatings
production value in Latin America in 2011, with a value of US$2.9 billion and a market share of
74.0%. Meanwhile, solvent-based paints and coatings recorded a production value of US$1.0 billion.
The water-based paints and coatings category recorded the fastest-growing production during the
review period, at a CAGR of 5.30%.
Table 201: Latin American Paints and Coatings Production Value by Category (US$ Million),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 1,125.6 1,300.0 984.8 1,004.8 1,022.8 -2.37%
Water-based paints and coatings 2,371.4 2,838.7 2,569.8 2,829.6 2,915.3 5.30%
Overall 3,497.0 4,138.8 3,554.6 3,834.4 3,938.1 3.01%
Source: Timetric analysis © Timetric
Figure 206: Latin American Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 240
Water-based paints and coatings production is expected to be the largest category of paints and
coatings market in Latin America in 2016, accounting for a value of US$3.5 billion and a market share
of 75.3%. Meanwhile, the solvent-based paints and coatings category is expected to record a
production value of US$1.2 billion. The water-based paints and coatings category is expected to
register the fastest growth in paints and coatings production over the forecast period, at a CAGR of
3.89%.
Table 202: Latin American Paints and Coatings Production Value by Category (US$ Million),
2011–2016
CAGR
Category 2010 2011 2012 2013 2014 2015
2011–2016
Solvent-based paints and coatings 1,022.8 1,040.7 1,065.6 1,093.2 1,124.4 1,158.5 2.52%
Water-based paints and coatings 2,915.3 3,019.4 3,128.8 3,246.3 3,383.5 3,527.8 3.89%
Figure 207: Latin American Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 241
The production volume of paints and coatings in Latin America stood at 2.8 million tons in 2011, an
increase of 2.7% over 2010. The production volume of paints and coatings recorded a CAGR of
6.00% during the review period.
Table 203: Latin American Paints and Coatings Production Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 2,243.4
2008 2,642.6 17.8%
2009 2,523.5 -4.5%
2010 2,756.8 9.2%
2011 2,831.7 2.7%
CAGR 2007–2011 6.00%
Source: Timetric analysis / © Timetric
Figure 208: Latin American Paints and Coatings Production Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 242
Timetric expects the production volume of paints and coatings in Latin America to increase at a
CAGR of 4.04% over the forecast period, to reach 3.5 million tons in 2016.
Table 204: Latin American Paints and Coatings Production Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 2,831.7
2012 2,936.0 3.7%
2013 3,045.7 3.7%
2014 3,169.3 4.1%
2015 3,306.2 4.3%
2016 3,452.2 4.4%
CAGR 2011–2016 4.04%
Source: Timetric analysis / © Timetric
Figure 209: Latin American Paints and Coatings Production Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 243
The water-based paints and coatings category accounted for the largest share of the paints and
coatings production volume in Latin America in 2011, with a volume of 2.4 million tons and a market
share of 86.5%. Meanwhile, solvent-based paints and coatings recorded a production volume of 0.4
million tons. The water paints and coatings category recorded the fastest-growing production in terms
of volume during the review period, at a CAGR of 7.86%.
Table 205: Latin American Paints and Coatings Production Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 433.4 444.3 361.3 377.6 382.2 -3.09%
Water-based paints and coatings 1,810.0 2,198.3 2,162.2 2,379.2 2,449.6 7.86%
Overall 2,243.4 2,642.6 2,523.5 2,756.8 2,831.7 6.00%
Source: Timetric analysis / © Timetric
Figure 210: Latin American Paints and Coatings Production Volume by Category (%), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 244
Water-based paints and coatings is expected to be the largest category of paints and coatings
production in Latin America in 2016, accounting for a volume of 3.0 million tons and a market share of
87.2%. Meanwhile, the solvent-based paints and coatings category is expected to record a
production volume of 0.4million tons. The water-based paints and coatings category is expected to
register the fastest growth in paints and coatings production volume over the forecast period, at a
CAGR of 4.04%.
Table 206: Latin American Paints and Coatings Production Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 382.2 392.1 401.6 413.4 426.2 440.2 2.87%
Water-based paints and coatings 2,449.6 2,543.9 2,644.1 2,755.9 2,880.0 3,012.0 4.22%
Overall 2,831.7 2,936.0 3,045.7 3,169.3 3,306.2 3,452.2 4.04%
Source: Timetric analysis / © Timetric
Figure 211: Latin American Paints and Coatings Production Volume by Category (%), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 245
7.4 Brazil
The market size of paints and coatings in Brazil stood at US$1.9 billion in 2011, an increase of 1.8%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of
7.71%.
Table 207: Brazilian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,407.5
2008 1,909.9 35.7%
2009 1,656.7 -13.3%
2010 1,860.7 12.3%
2011 1,894.2 1.8%
CAGR 2007–2011 7.71%
Source: Timetric analysis © Timetric
Figure 212: Brazilian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 246
Timetric expects the market size of paints and coatings in Brazil to increase at a CAGR of 3.14% over
the forecast period, to reach US$2.2 billion in 2016.
Table 208: Brazilian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,894.2
2012 1,951.2 3.0%
2013 2,005.1 2.8%
2014 2,065.1 3.0%
2015 2,135.1 3.4%
2016 2,211.3 3.6%
CAGR 2011–2016 3.14%
Source: Timetric analysis © Timetric
Figure 213: Brazilian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 247
Water-based paints and coatings accounted for the highest market size of paints and coatings in
Brazil in 2011, with a value of US$1.6 billion and a market share of 85.4%. Meanwhile, the solvent-
based paints and coatings category market size valued US$277.1 million.
Table 209: Brazilian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 317.4 277.1 312.9
Water-based paints and coatings 1,090.1 1,617.1 1,898.4
Overall 1,407.5 1,894.2 2,211.3
Source: Timetric analysis / © Timetric
Figure 214: Brazilian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 248
The market size in terms of volume for paints and coatings in Brazil stood at 1.7 million tons in 2011,
an increase of 1.3% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of 14.63% during the review period.
Table 210: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 1,011.9
2008 1,517.6 50.0%
2009 1,553.0 2.3%
2010 1,724.7 11.1%
2011 1,747.4 1.3%
CAGR 2007–2011 14.63%
Source: Timetric analysis © Timetric
Figure 215: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 249
The market size in terms of volume for paints and coatings in Brazil is expected to increase at a
CAGR of 3.93% over the forecast period, to reach 2.1 million tons in 2016.
Table 211: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 1,747.4
2012 1,817.8 4.0%
2013 1,883.4 3.6%
2014 1,953.7 3.7%
2015 2,030.9 3.9%
2016 2,119.4 4.4%
CAGR 2011–2016 3.93%
Source: Timetric analysis © Timetric
Figure 216: Brazilian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 250
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Brazil in 2011, with a volume of 1.6 million tons and a market share of 93.6%. Meanwhile,
solvent-based paints and coatings accounted for the remaining market share of 6.4%, with a market
size of 0.1 million tons in terms of volume.
Table 212: Brazilian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 125.5 111.9 132.5
Water-based paints and coatings 886.4 1,635.5 1,986.8
Overall 1,011.9 1,747.4 2,119.4
Source: Timetric analysis © Timetric
Figure 217: Brazilian Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 251
7.5 Argentina
The market size of paints and coatings in Argentina stood at US$365.6 million in 2011, an increase of
2.0% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of -1.33%.
Table 213: Argentine Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 385.7
2008 402.8 4.4%
2009 349.4 -13.3%
2010 358.5 2.6%
2011 365.6 2.0%
CAGR 2007–2011 -1.33%
Source: Timetric analysis © Timetric
Figure 218: Argentine Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 252
Timetric expects the market size of paints and coatings in Argentina to increase at a CAGR of 2.97%
over the forecast period, to reach US$423.1 million in 2016.
Table 214: Argentine Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 365.6
2012 375.5 2.7%
2013 387.9 3.3%
2014 399.4 3.0%
2015 410.5 2.8%
2016 423.1 3.1%
CAGR 2011–2016 2.97%
Source: Timetric analysis © Timetric
Figure 219: Argentine Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 253
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in Argentina in 2011, with a value of US$260.6 million and a market share of 71.3%.
Meanwhile, solvent-based paints and coatings category valued US$105.0 million.
Table 215: Argentine Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 122.6 105.0 121.0
Water-based paints and coatings 263.1 260.6 302.1
Overall 385.7 365.6 423.1
Source: Timetric analysis / © Timetric
Figure 220: Argentine Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 254
The market size in terms of volume for paints and coatings in Argentina stood at 0.18 million tons in
2011, an increase of 2.1% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 0.49% during the review period.
Table 216: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 180.4
2008 181.5 0.6%
2009 163.3 -10.0%
2010 180.2 10.3%
2011 184.0 2.1%
CAGR 2007–2011 0.49%
Source: Timetric analysis © Timetric
Figure 221: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 255
The market size in terms of volume for paints and coatings in Argentina is expected to increase at a
CAGR of 3.52% over the forecast period, to reach 0.22 million tons in 2016.
Table 217: Argentine Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Year Thousand Tons % Growth
2011 184.0
2012 189.8 3.1%
2013 197.1 3.9%
2014 204.3 3.7%
2015 211.1 3.3%
2016 218.8 3.6%
CAGR 2011–2016 3.52%
Source: Timetric analysis © Timetric
Figure 222: Argentine Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 256
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Argentina in 2011, with a volume of 0.16 million tons and a market share of 85.1%.
Meanwhile, solvent-based paints and coatings accounted for the remaining market share of 14.9%,
with a market size of 0.03 million tons in terms of volume.
Table 218: Argentine Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 37.4 27.3 31.8
Water-based paints and coatings 143.1 156.6 186.9
Overall 180.4 184.0 218.8
Source: Timetric analysis © Timetric
Figure 223: Argentine Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 257
7.6 Colombia
The market size of paints and coatings in Colombia stood at US$634.4 million in 2011, an increase of
5.9% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 2.26%.
Table 219: Colombian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 580.2
2008 662.4 14.2%
2009 519.1 -21.6%
2010 599.2 15.4%
2011 634.4 5.9%
CAGR 2007–2011 2.26%
Source: Timetric analysis © Timetric
Figure 224: Colombian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 258
Timetric expects the market size of paints and coatings in Colombia to increase at a CAGR of 3.81%
over the forecast period, to reach US$764.7 million in 2016.
Table 220: Colombian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 634.4
2012 654.7 3.2%
2013 681.5 4.1%
2014 704.5 3.4%
2015 733.0 4.0%
2016 764.7 4.3%
CAGR 2011–2016 3.81%
Source: Timetric analysis © Timetric
Figure 225: Colombian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 259
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in Colombia, with a value of US$371.3 million and a market share of 58.5%. Meanwhile, the
solvent-based paints and coatings market sized US$263.1 million.
Table 221: Colombian Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 247.3 263.1 301.6
Water-based paints and coatings 332.9 371.3 463.2
Overall 580.2 634.4 764.7
Source: Timetric analysis / © Timetric
Figure 226: Colombian Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 260
The market size in terms of volume for paints and coatings in Colombia stood at 0.26 million tons in
2011, an increase of 14.1% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of -9.70% during the review period.
Table 222: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 395.6
2008 262.5 -33.6%
2009 192.8 -26.5%
2010 230.5 19.5%
2011 263.0 14.1%
CAGR 2007–2011 -9.70%
Source: Timetric analysis © Timetric
Figure 227: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 261
The market size in terms of volume for paints and coatings in Colombia is expected to increase at a
CAGR of 4.92% over the forecast period, to reach 0.33 million tons in 2016.
Table 223: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 263.0
2012 269.1 2.3%
2013 281.1 4.5%
2014 298.1 6.0%
2015 317.7 6.6%
2016 334.4 5.3%
CAGR 2011–2016 4.92%
Source: Timetric analysis © Timetric
Figure 228: Colombian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 262
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Colombia in 2011, with a volume of 0.2 million tons and a market share of 72.4%.
Meanwhile, solvent-based paints and coatings accounted for the remaining market share of 27.6%,
with a market size of 0.07 million tons in terms of volume.
Table 224: Colombian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 79.1 72.8 83.6
Water-based paints and coatings 316.4 190.3 250.8
Overall 395.6 263.0 334.4
Source: Timetric analysis © Timetric
Figure 229: Colombian Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 263
7.7 Mexico
The market size of paints and coatings in Mexico stood at US$1.4 billion in 2011, an increase of 2.6%
over 2010. During the review period, the market size of paints and coatings recorded a CAGR of -
0.35%.
Table 225: Mexican Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,461.8
2008 1,535.0 5.0%
2009 1,330.4 -13.3%
2010 1,405.5 5.6%
2011 1,441.7 2.6%
CAGR 2007–2011 -0.35%
Source: Timetric analysis © Timetric
Figure 230: Mexican Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 264
Timetric expects the market size of paints and coatings in Mexico to increase at a CAGR of 3.97%
over the forecast period, to reach US$1.8 billion in 2016.
Table 226: Mexican Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,441.7
2012 1,486.3 3.1%
2013 1,539.8 3.6%
2014 1,604.1 4.2%
2015 1,678.1 4.6%
2016 1,751.4 4.4%
CAGR 2011–2016 3.97%
Source: Timetric analysis © Timetric
Figure 231: Mexican Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 265
Water-based paints and coatings accounted for the highest value of paints and coatings in Mexico in
2011, with a value of US$758.5 million and a market share of 52.6%. Meanwhile, the solvent-based
paints and coatings market sized US$683.2 million.
Table 227: Mexican Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 705.7 683.2 770.4
Water-based paints and coatings 756.1 758.5 981.0
Overall 1,461.8 1,441.7 1,751.4
Source: Timetric analysis / © Timetric
Figure 232: Mexican Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 266
The market size in terms of volume for paints and coatings in Mexico stood at 0.7 million tons in
2011, an increase of 2.6% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 0.22% during the review period.
Table 228: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 711.8
2008 742.3 4.3%
2009 690.0 -7.0%
2010 699.9 1.4%
2011 718.0 2.6%
CAGR 2007–2011 0.22%
Source: Timetric analysis © Timetric
Figure 233: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 267
The market size in terms of volume for paints and coatings in Mexico is expected to increase at a
CAGR of 4.06% over the forecast period, to reach 0.9 million tons in 2016.
Table 229: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 718.0
2012 742.5 3.4%
2013 770.1 3.7%
2014 802.3 4.2%
2015 839.4 4.6%
2016 876.2 4.4%
CAGR 2011–2016 4.06%
Source: Timetric analysis © Timetric
Figure 234: Mexican Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 268
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Mexico in 2011, with a volume of 0.5 million tons and a market share of 69.7%. Meanwhile, the
solvent-based paints and coatings category accounted for the remaining market share of 30.3%, with
a market size of 0.2 million tons in terms of volume.
Table 230: Mexican Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 236.5 217.5 246.4
Water-based paints and coatings 475.3 500.5 629.7
Overall 711.8 718.0 876.2
Source: Timetric analysis © Timetric
Figure 235: Mexican Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 269
8 Middle East
8.1 Middle East Regional Analysis
The Middle East‟s paints and coatings market is an emerging market due to the large scale
construction projects being undertaken in the region‟s member countries. Most of the Middle Eastern
countries have invested a considerable amount in their construction industries in an effort to diversify
their economies from oil and oil-related business activities to other industry sectors. During 2006–
2008, the Middle East nations recorded a robust economic growth due to the region‟s rising level of
privatization, corporate sector expansion and considerable infrastructure investment as well as the
strong global demand for oil. Most of the Middle East countries are experiencing strong demand for
housing units due to their strong economic growth and expanding domestic population alongside a
rising number of expatriates. Housing demand has also risen in the region due to the speculative
activity in the housing sector and the growing number of high net-worth individuals (HNI) who own a
holiday home in Middle Eastern countries following the development of the country‟s infrastructure
and tourist attractions. Speculative activity in the real estate industry increased as a consequence of
the authorization of private participation in the industry as well as the region‟s encouragement of
foreign investment in areas such as property development. This has also led to a large number of
residential construction projects during the review period. The region‟s rapid economic growth also
generated higher levels of disposable income, which fuelled the growth of the retail industry and led to
the construction of high-end shopping centers. In addition, the construction of numerous tourist
attractions in the Middle East countries and organization of world class events has generated growth
for the leisure and hospitality construction. There has also been an increased demand for office space
since multi-national corporations have began conducting business operations in the Middle East
following the regional governments‟ incentives and policies to diversify their economies. Due to the
high demand for retail buildings, office buildings, and leisure and hospitality buildings, the number of
commercial constructions increased considerably during the review period.
The expansion of the region‟s construction activities positively affected the region‟s paints and
coatings market, with all the Middle Eastern countries except Turkey recording strong growth in the
market size of paints and coatings at the beginning of the during review period. With the Turkish
market accounting for 60.5% of the Middle East market size in 2007, the slow growth in the country
offset the strong growth registered by other countries in the region. In addition, the onset of the global
economic crisis and the resultant tightening of finances in 2008 led to several construction projects in
the region being postponed or cancelled, which further constrained the growth of the regional paints
and coatings market. However, the Middle East‟s paints and coatings market recovered quickly in
2010, and the demand for paints and coatings in the Middle East grew by 10.8% in the year, with
Turkey recording the strongest annual growth of 13.8%. In 2011, the market recorded a further annual
growth rate of 9.3%, with Qatar registering the strongest 2011 annual growth rate of 15.2%. Due to
the fluctuating demand for construction activities in the region, the Middle East‟s paints and coatings
market recorded a CAGR of 2.07% during the review period in value terms and a CAGR of 4.22%
during the review period in volume terms.
Due to the Turkish market size of paints and coatings registering a CAGR of -1.01% during the review
period, the country‟s market share decreased from 60.5% in 2007 to 53.3% in 2011. All the other
Middle Eastern countries increased their market share at expense of Turkey, with Saudi Arabia
gaining the largest increased market share of 3.4 percentage points from 23.1% in 2007 to 26.5% in
2011. Meanwhile, the UAE‟s market share increased by 1.7 percentage points from 8.3% in 2007 to
10.0% in 2011, Qatar expanding its share from 5.0% in 2007 to 6.6% in 2011 and Bahrain‟s market
share increased by 0.3 percentage points during the review period.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 270
The growth rate in market size of paints and coatings is expected to reduce during the forecast period
compared to the review period in countries such as Qatar and the UEA, but increase in countries such
as Saudi Arabia and Bahrain. In Qatar, the market size of paints and coatings registered a CAGR of
9.08% during the review period compared to an anticipated CAGR of 6.62% during the forecast
period, while in the UAE growth rate is expected to decline from a CAGR of 7.15% in the review
period to a CAGR of 6.77% in the forecast period. In contrast, the Saudi Arabia and Bahrain are
projected to register higher CAGRs of 6.10% and 5.52% respectively over the forecast period as
compared to their CAGRs of 5.68% and 4.07% respectively during the review period.
The Middle East‟s paints and coatings market is projected to record a CAGR of 7.10% over the
forecast period, with Turkey registering the largest CAGR of 7.80%. The high growth in the Turkish
market will be driven by an expected construction of one million housing units in Turkey every year
during the forecast period due to the country‟s persistent housing shortage, especially in the East and
Southeast Anatolia Regions. This demand will be strongest in the country‟s largest city, Istanbul, due
to the rising income levels among metropolitan residents, the growth of the city‟s young population,
and the large influx of rural migrants.
In line with the trend of the region‟s paints and coatings market size, the Middle East‟s production of
paints and coatings has recorded a modest CAGR of 2.90% during the review period. The Qatar
market recorded the fastest growth in paints and coatings production during the review period, at a
CAGR of 8.90%, while Turkey, which accounted for 52.6% share of the production in 2011, recorded
the slowest review period CAGR of 0.21%. However, Timetric projects the Turkish market to achieve
the fastest growth in production over the forecast period, at an anticipated CAGR of 8.07%, while
Bahrain is expected to record the lowest CAGR of 5.73%. Furthermore, Timetric projects the overall
Middle Eastern paints and coatings production to register a CAGR of 7.25% over the forecast period.
In line with the worldwide trend of shifting towards water-based paints and coatings from solvent-
based paints and coatings, the share of water-based paints and coatings category increased in the
region from 62.5% in 2007 to 63.6% in 2011. During the forecast period, Timetric expects this share
to increase further to 66.1% in 2016. Similarly the share of water-based paints and coatings category
in total production increased from 67.5% in 2007 to 71.1% in 2016.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 271
The market size of paints and coatings in Middle East recorded a CAGR of 2.07%. This growth was
mostly due to the market size of paints and coatings from Saudi Arabia increasing at a CAGR of
5.68% during the same period. Over the forecast period, the market size of paints and coatings is
expected to record a CAGR of 6.10% in Saudi Arabia and a CAGR of 7.80% in Turkey. With a market
share of 53.5% in 2011, Turkey was the largest consumer of paints and coatings in the region.
Figure 236: Middle East Paints and Coatings Market Dynamics by Value (%), 2007–2016
Note: Bubble size represents 2011 market size by value (US$ million)
Source: Timetric analysis © Timetric
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 272
The market size of paints and coatings in the Middle East valued US$2.1 billion in 2011, an increase
of 9.3% over 2010. During the review period, the market size of paints and coatings recorded a
CAGR of 2.07%.
Table 231: Middle East Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,913.7
2008 2,026.3 5.9%
2009 1,715.8 -15.3%
2010 1,900.8 10.8%
2011 2,077.4 9.3%
CAGR 2007–2011 2.07%
Source: Timetric analysis © Timetric
Figure 237: Middle East Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 273
Timetric expects the market size of paints and coatings in Middle East will increase at a CAGR of
7.10% over the forecast period, to reach US$2.9 billion in 2016.
Table 232: Middle East Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 2,077.4
2012 2,214.2 6.6%
2013 2,357.9 6.5%
2014 2,531.9 7.4%
2015 2,725.9 7.7%
2016 2,927.7 7.4%
CAGR 2011–2016 7.10%
Source: Timetric analysis © Timetric
Figure 238: Middle East Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 274
Water-based paints and coatings accounted for the largest share of the paints and coatings market
size in the Middle East, with a value of US$1.3 billion and a market share of 63.6% and. Meanwhile,
solvent-based paints and coatings recorded a market size of US$756.7 million in terms of value. The
water-based paints and coatings category recorded the fastest increase in demand during the review
period, at a CAGR of 2.49%.
Table 233: Middle East Paints and Coatings Market Size by Category (US$ Million), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 716.7 760.9 676.7 711.5 756.7 1.37%
Water-based paints and coatings 1,197.0 1,265.3 1,039.1 1,189.2 1,320.7 2.49%
Overall 1,913.7 2,026.3 1,715.8 1,900.8 2,077.4 2.07%
Source: Timetric analysis © Timetric
Figure 239: Middle East Paints and Coatings Market Size by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 275
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in Middle East in 2016, accounting for a value of US$1.9 billion and a market share of 66.1%.
Meanwhile, the solvent-based paints and coatings category is expected to record a market size of
US$993.3 million. Over the forecast period, water-based paints and coatings category is expected to
register the fastest value growth in paints and coatings market size, at a CAGR of 7.93%.
Table 234: Middle East Paints and Coatings Market Size by Category (US$ Million), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 756.7 796.1 835.0 883.8 937.6 993.7 5.60%
Water-based paints and coatings 1,320.7 1,418.2 1,522.9 1,648.2 1,788.2 1,934.0 7.93%
Overall 2,077.4 2,214.2 2,357.9 2,531.9 2,725.9 2,927.7 7.10%
Source: Timetric analysis © Timetric
Figure 240: Middle East Paints and Coatings Market Size by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 276
The market size in terms of volume for paints and coatings in the Middle East stood at 1.5 million tons
in 2011, an increase of 10.9% over 2010. However, the market size in terms of volume for paints and
coatings recorded a CAGR of 4.22% during the review period.
Table 235: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 1,225.3
2008 1,301.6 6.2%
2009 1,254.6 -3.6%
2010 1,303.2 3.9%
2011 1,445.5 10.9%
CAGR 2007–2011 4.22%
Source: Timetric analysis © Timetric
Figure 241: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 277
Timetric expects the market size in terms of volume for paints and coatings in the Middle East to
increase at a CAGR of 6.45% over the forecast period, to reach 2.0 million tons in 2016.
Table 236: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 1,445.5
2012 1,534.0 6.1%
2013 1,620.1 5.6%
2014 1,728.6 6.7%
2015 1,852.0 7.1%
2016 1,975.4 6.7%
CAGR 2011–2016 6.45%
Source: Timetric analysis © Timetric
Figure 242: Middle East Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 278
The water-based paints and coatings category accounted for the largest share of the paints and
coatings market size for the Middle East in 2011, with a volume of 0.9 million tons and a market share
of 66.4%. Meanwhile, solvent-based paints and coatings recorded a market size of 0.4 million tons in
terms of volume. The water paints and coatings category recorded the fastest-growing increase in
demand in terms of volume during the review period, at a CAGR of 4.70%.
Table 237: Middle East Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 426.6 447.7 452.5 463.9 485.8 3.31%
Water-based paints and coatings 798.8 854.0 802.1 839.4 959.7 4.70%
Overall 1,225.3 1,301.6 1,254.6 1,303.2 1,445.5 4.22%
Source: Timetric analysis © Timetric
Figure 243: Middle East Paints and Coatings Market Size by Volume by Category (%), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 279
Water-based paints and coatings is expected to be the largest category of paints and coatings market
in the Middle East in 2016, accounting for a volume of 1.3 million tons and a market share of 68.0%.
Meanwhile, the solvent-based paints and coatings category is expected to record a market size of 0.6
million tons in terms of volume in 2016. The water-based paints and coatings category is projected to
register the fastest volume growth in paints and coatings market size over the forecast period, at a
CAGR of 6.97%.
Table 238: Middle East Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 485.8 514.2 536.3 566.3 598.0 631.2 5.38%
Water-based paints and coatings 959.7 1,019.8 1,083.8 1,162.3 1,254.0 1,344.2 6.97%
Overall 1,445.5 1,534.0 1,620.1 1,728.6 1,852.0 1,975.4 6.45%
Source: Timetric analysis © Timetric
Figure 244: Middle East Paints and Coatings Market Size by Volume by Category (%), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 280
The production of paints and coatings in Middle East valued US$1.9 billion in 2011, an increase of
9.5% over 2010. During the review period, the value of paints and coatings production recorded a
CAGR of 2.90%.
Table 239: Middle East Paints and Coatings Production Value (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,659.4
2008 1,761.7 6.2%
2009 1,528.9 -13.2%
2010 1,698.6 11.1%
2011 1,860.6 9.5%
CAGR 2007–2011 2.90%
Source: Timetric analysis © Timetric
Figure 245: Middle East Paints and Coatings Production Value (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 281
Timetric expects production of paints and coatings in Middle East to increase at a CAGR of 7.25%
over the forecast period, and to reach US$2.6 billion in 2016.
Table 240: Middle East Paints and Coatings Production Value (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,860.6
2012 1,986.2 6.8%
2013 2,117.5 6.6%
2014 2,277.4 7.5%
2015 2,454.9 7.8%
2016 2,639.8 7.5%
CAGR 2011–2016 7.25%
Source: Timetric analysis © Timetric
Figure 246: Middle East Paints and Coatings Production Value (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 282
The water-based paints and coatings category accounted for the largest proportion of the paints and
coatings production value in the Middle East in 2011, with a value of US$1.3 billion and a market
share of 69.0%. Meanwhile, solvent-based paints and coatings recorded a production value of
US$577.7 million. Water-based paints and coatings recorded the fastest-growing production value
during the review period, at a CAGR of 3.46%.
Table 241: Middle East Paints and Coatings Production Value by Category (US$ Million), 2007–
2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 539.9 564.1 530.3 543.1 577.7 1.71%
Water-based paints and coatings 1,119.5 1,197.6 998.6 1,155.5 1,282.9 3.46%
Overall 1,659.4 1,761.7 1,528.9 1,698.6 1,860.6 2.90%
Source: Timetric analysis © Timetric
Figure 247: Middle East Paints and Coatings Production Value by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 283
Water-based paints and coatings production is expected to be the largest category of paints and
coatings market in Middle East in 2016, accounting for a value of US$1.9 billion and a market share
of 71.1%. Meanwhile, the solvent-based paints and coatings category is expected to record a
production value of US$763.5 million. The water-based paints and coatings category is expected to
register the fastest growth in paints and coatings production over the forecast period, at a CAGR of
7.90%.
Table 242: Middle East Paints and Coatings Production Value by Category (US$ Million), 2011–
2016
CAGR
Category 2010 2011 2012 2013 2014 2015
2011–2016
Solvent-based paints and coatings 577.7 609.5 639.0 677.7 719.8 763.5 5.73%
Water-based paints and coatings 1,282.9 1,376.7 1,478.5 1,599.7 1,735.0 1,876.3 7.90%
Figure 248: Middle East Paints and Coatings Production Value by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 284
The production volume of paints and coatings in Middle East stood at 1.4 million tons in 2011, an
increase of 11.3% over 2010. The production volume of paints and coatings recorded a CAGR of
4.55% during the review period.
Table 243: Middle East Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 1,185.4
2008 1,264.7 6.7%
2009 1,222.0 -3.4%
2010 1,272.6 4.1%
2011 1,416.5 11.3%
CAGR 2007–2011 4.55%
Source: Timetric analysis / © Timetric
Figure 249: Middle East Paints and Coatings Production Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 285
Timetric expects the production volume of paints and coatings in the Middle East to increase at a
CAGR of 6.54% over the forecast period, to reach 1.9 million tons in 2016.
Table 244: Middle East Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 1,416.5
2012 1,505.9 6.3%
2013 1,590.6 5.6%
2014 1,698.0 6.8%
2015 1,821.6 7.3%
2016 1,944.6 6.8%
CAGR 2011–2016 6.54%
Source: Timetric analysis / © Timetric
Figure 250: Middle East Paints and Coatings Production Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 286
The water-based paints and coatings category accounted for the largest share of the paints and
coatings production volume in the Middle East in 2011, with a volume of 0.9 million tons and a market
share of 66.7%. Meanwhile, solvent-based paints and coatings recorded a production volume of 0.5
million tons. The water paints and coatings category recorded the fastest-growing production in terms
of volume during the review period, at a CAGR of 5.28%.
Table 245: Middle East Paints and Coatings Production Volume by Category (Thousand Tons),
2007–2011
CAGR
Category 2007 2008 2009 2010 2011
2007–2011
Solvent-based paints and coatings 416.4 440.5 447.6 450.1 471.9 3.18%
Water-based paints and coatings 769.0 824.2 774.4 822.5 944.6 5.28%
Overall 1,185.4 1,264.7 1,222.0 1,272.6 1,416.5 4.55%
Source: Timetric analysis / © Timetric
Figure 251: Middle East Paints and Coatings Production Volume by Category (%), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 287
In terms of volume, water-based paints and coatings is expected to be the largest category of paints
and coatings production in the Middle East in 2016, accounting for a volume of 1.3 million tons and a
market share of 68.4%. Meanwhile, the solvent-based paints and coatings category is expected to
record a production volume of 0.6 million tons. The water-based paints and coatings category is
projected to register the fastest growth in paints and coatings production volume over the forecast
period, at a CAGR of 7.07%.
Table 246: Middle East Paints and Coatings Production Volume by Category (Thousand Tons),
2011–2016
CAGR
Category 2011 2012 2013 2014 2015 2016
2011–2016
Solvent-based paints and coatings 471.9 499.9 521.4 551.2 582.6 615.3 5.45%
Water-based paints and coatings 944.6 1,006.0 1,069.2 1,146.8 1,239.0 1,329.2 7.07%
Overall 1,416.5 1,505.9 1,590.6 1,698.0 1,821.6 1,944.6 6.54%
Source: Timetric analysis / © Timetric
Figure 252: Middle East Paints and Coatings Production Volume by Category (%), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 288
The market size of paints and coatings in Saudi Arabia stood at US$551.5 million in 2011, an
increase of 5.8% over 2010. During the review period, the market size of paints and coatings
recorded a CAGR of 5.68%.
Table 247: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 442.2
2008 462.9 4.7%
2009 483.3 4.4%
2010 521.3 7.9%
2011 551.5 5.8%
CAGR 2007–2011 5.68%
Source: Timetric analysis © Timetric
Figure 253: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 289
Timetric expects the market size of paints and coatings in Saudi Arabia to increase at a CAGR of
6.10% over the forecast period, and to reach US$741.5 million in 2016.
Table 248: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 551.5
2012 588.1 6.6%
2013 615.8 4.7%
2014 655.9 6.5%
2015 698.8 6.5%
2016 741.5 6.1%
CAGR 2011–2016 6.10%
Source: Timetric analysis © Timetric
Figure 254: Saudi Arabian Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 290
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in Saudi Arabia in 2011, with a value of US$294.4 million and a market share of 53.4%.
Meanwhile, solvent-based paints and coatings market sized US$257.1 million in 2011.
Table 249: Saudi Arabian Paints and Coatings Market Size by Category (US$ Million), 2007,
2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 211.2 257.1 338.1
Water-based paints and coatings 231.0 294.4 403.4
Overall 442.2 551.5 741.5
Source: Timetric analysis / © Timetric
Figure 255: Saudi Arabian Paints and Coatings Market Size by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 291
The market size in terms of volume for paints and coatings in Saudi Arabia stood at 0.6 million tons in
2011, an increase of 10.6% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 6.25% during the review period.
Table 250: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 486.6
2008 511.2 5.1%
2009 535.1 4.7%
2010 560.7 4.8%
2011 620.3 10.6%
CAGR 2007–2011 6.25%
Source: Timetric analysis © Timetric
Figure 256: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons),
2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 292
The market size in terms of volume for paints and coatings in Saudi Arabia is expected to increase at
a CAGR of 5.59% over the forecast period, to reach 0.8 million tons in 2016.
Table 251: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 620.3
2012 656.4 5.8%
2013 683.5 4.1%
2014 723.9 5.9%
2015 770.9 6.5%
2016 814.1 5.6%
CAGR 2011–2016 5.59%
Source: Timetric analysis © Timetric
Figure 257: Saudi Arabian Paints and Coatings Market Size by Volume (Thousand Tons),
2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 293
Water-based paints and coatings accounted for the highest market size for paints and coatings in
Saudi Arabia in 2011, with a volume of 0.33 million tons and a market share of 53.6%. Meanwhile,
the solvent-based paints and coatings category accounted for the remaining market share of 46.4%,
with a market size of 0.29 million tons in terms of volume.
Table 252: Saudi Arabian Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 235.8 287.9 377.1
Water-based paints and coatings 250.8 332.3 436.9
Overall 486.6 620.3 814.1
Source: Timetric analysis © Timetric
Figure 258: Saudi Arabian Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 294
The market size of paints and coatings in the UAE stood at US$208.2 million in 2011, an increase of
5.6% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 7.15%.
Table 253: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 157.9
2008 185.9 17.7%
2009 185.8 -0.1%
2010 197.2 6.1%
2011 208.2 5.6%
CAGR 2007–2011 7.15%
Source: Timetric analysis © Timetric
Figure 259: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 295
Timetric expects the market size of paints and coatings in the UAE to increase at a CAGR of 6.77%
over the forecast period, and to reach US$288.9 million in 2016.
Table 254: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 208.2
2012 221.2 6.2%
2013 236.5 6.9%
2014 253.4 7.1%
2015 270.7 6.8%
2016 288.9 6.7%
CAGR 2011–2016 6.77%
Source: Timetric analysis © Timetric
Figure 260: United Arab Emirates Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 296
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in UAE in 2011, with a value of US$121.5 million and a market share of 58.4%. Meanwhile,
the solvent-based paints and coatings category valued US$86.6 million.
Table 255: United Arab Emirates Paints and Coatings Market Size by Category (US$ Million),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 68.0 86.6 109.9
Water-based paints and coatings 90.0 121.5 179.0
Overall 157.9 208.2 288.9
Source: Timetric analysis / © Timetric
Figure 261: United Arab Emirates Paints and Coatings Market Size by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 297
The market size in terms of volume for paints and coatings in the UAE stood at 0.13 million tons in
2011, an increase of 4.8% over 2010. The market size in terms of volume for paints and coatings
recorded a CAGR of 6.68% during the review period.
Table 256: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand
Tons), 2007–2011
Year Thousand Tons % Growth
2007 98.1
2008 113.4 15.6%
2009 117.6 3.8%
2010 121.2 3.1%
2011 127.0 4.8%
CAGR 2007–2011 6.68%
Source: Timetric analysis © Timetric
Figure 262: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand
Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 298
The market size in terms of volume for paints and coatings in the UAE is expected to increase at a
CAGR of 6.15% over the forecast period, to reach 0.17 million tons in 2016.
Table 257: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand
Tons), 2011–2016
Year Thousand Tons % Growth
2011 127.0
2012 134.4 5.8%
2013 143.0 6.4%
2014 152.3 6.5%
2015 161.6 6.1%
2016 171.2 5.9%
CAGR 2011–2016 6.15%
Source: Timetric analysis © Timetric
Figure 263: United Arab Emirates Paints and Coatings Market Size by Volume (Thousand
Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 299
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in the UAE, with a volume of 0.09 million tons and a market share of 70.6%. Meanwhile,
solvent-based paints and coatings accounted for the remaining market share of 29.4%, with a market
size of 0.04 million tons in terms of volume.
Table 258: United Arab Emirates Paints and Coatings Market Size by Volume by Category
(Thousand Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 28.9 37.5 45.6
Water-based paints and coatings 69.2 89.6 125.6
Overall 98.1 127.0 171.2
Source: Timetric analysis © Timetric
Figure 264: United Arab Emirates Paints and Coatings Market Size by Volume by Category (%),
2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 300
8.6 Qatar
The market size of paints and coatings in Qatar stood at US$136.4 million in 2011, an increase of
15.2% over 2010. During the review period, the market size of paints and coatings recorded a CAGR
of 9.08%.
Table 259: Qatari Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 96.4
2008 108.0 12.1%
2009 105.8 -2.0%
2010 118.4 11.8%
2011 136.4 15.2%
CAGR 2007–2011 9.08%
Source: Timetric analysis © Timetric
Figure 265: Qatari Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 301
Timetric expects the market size of paints and coatings in Qatar to increase at a CAGR of 6.62% over
the forecast period, and to reach US$187.9 million in 2016.
Table 260: Qatari Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 136.4
2012 145.6 6.7%
2013 155.2 6.6%
2014 165.6 6.7%
2015 176.8 6.7%
2016 187.9 6.3%
CAGR 2011–2016 6.62%
Source: Timetric analysis © Timetric
Figure 266: Qatari Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 302
The water-based paints and coatings category accounted for the highest market size of paints and
coatings in Qatar in 2011, with a value of US$73.7 million and a market share of 54.0%. Meanwhile,
the solvent-based paints and coatings market sized US$62.7 million.
Table 261: Qatari Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 47.3 62.7 80.5
Water-based paints and coatings 49.1 73.7 107.4
Overall 96.4 136.4 187.9
Source: Timetric analysis / © Timetric
Figure 267: Qatari Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 303
The market size in terms of volume for paints and coatings in Qatar stood at 0.13 million tons in 2011,
an increase of 7.7% over 2010. The market size in terms of volume for paints and coatings recorded
a CAGR of 6.54% during the review period.
Table 262: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Year Thousand Tons % Growth
2007 101.7
2008 114.9 13.0%
2009 115.6 0.6%
2010 121.6 5.3%
2011 131.0 7.7%
CAGR 2007–2011 6.54%
Source: Timetric analysis © Timetric
Figure 268: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 304
The market size in terms of volume for paints and coatings in Qatar is expected to increase at a
CAGR of 6.34% over the forecast period, to reach 0.18 million tons in 2016.
Table 263: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Year Thousand Tons % Growth
2011 131.0
2012 139.4 6.4%
2013 147.8 6.1%
2014 157.4 6.5%
2015 167.4 6.3%
2016 178.1 6.4%
CAGR 2011–2016 6.34%
Source: Timetric analysis © Timetric
Figure 269: Qatari Paints and Coatings Market Size by Volume (Thousand Tons), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 305
The water-based paints and coatings category accounted for the highest market size for paints and
coatings in Qatar in 2011, with a volume of 0.09 million tons and a market share of 68.4%.
Meanwhile, the solvent-based paints and coatings category accounted for the remaining market
share of 31.6%, with a market size of 0.04 million tons in terms of volume.
Table 264: Qatari Paints and Coatings Market Size by Volume by Category (Thousand Tons),
2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 32.5 41.4 52.5
Water-based paints and coatings 69.2 89.6 125.6
Overall 101.7 131.0 178.1
Source: Timetric analysis © Timetric
Figure 270: Qatari Paints and Coatings Market Size by Volume by Category (%), 2007, 2011
and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 306
8.7 Bahrain
The market size of paints and coatings in Bahrain stood at US$70.2 million in 2011, an increase
of 9.8% over 2010. During the review period, the market size of paints and coatings recorded a
CAGR of 4.07%.
Table 265: Bahrain Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 59.8
2008 75.2 25.6%
2009 62.4 -17.0%
2010 63.9 2.5%
2011 70.2 9.8%
CAGR 2007–2011 4.07%
Source: Timetric analysis © Timetric
Figure 271: Bahrain Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 307
Timetric expects the market size of paints and coatings in Bahrain to increase at a CAGR of
5.52% over the forecast period, and to reach US$91.8 million in 2016.
Table 266: Bahrain Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 70.2
2012 73.7 5.0%
2013 77.6 5.2%
2014 81.9 5.6%
2015 86.8 6.0%
2016 91.8 5.7%
CAGR 2011–2016 5.52%
Source: Timetric analysis © Timetric
Figure 272: Bahrain Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 308
The solvent-based paints and coatings category accounted for the highest proportion of paints
and coatings in Bahrain in 2011, with a value of US$36.7 million and a market share of 52.3%.
Meanwhile, the water-based paints and coatings market sized US$277.1 million.
Table 267: Bahrain Paints and Coatings Market Size by Category (US$ Million), 2007, 2011 and
2016
Category 2007 2011 2016
Solvent-based paints and coatings 26.1 36.7 47.5
Water-based paints and coatings 33.8 33.5 44.3
Overall 59.8 70.2 91.8
Source: Timetric analysis / © Timetric
Figure 273: Bahrain Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 309
The market size in terms of volume for paints and coatings in Bahrain stood at 0.04 million tons
in 2011, an increase of 9.9% over 2010. The market size in terms of volume for paints and
coatings recorded a CAGR of 1.88% during the review period.
Table 268: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 40.3
2008 47.6 17.9%
2009 38.3 -19.5%
2010 39.5 3.3%
2011 43.4 9.9%
CAGR 2007–2011 1.88%
Source: Timetric analysis © Timetric
Figure 274: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 310
The market size in terms of volume for paints and coatings in Bahrain is expected to
increase at a CAGR of 5.91% over the forecast period, to reach 0.06 million tons in 2016.
Table 269: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 43.4
2012 46.5 7.1%
2013 49.0 5.3%
2014 51.7 5.4%
2015 54.7 5.9%
2016 57.9 5.7%
CAGR 2011–2016 5.91%
Source: Timetric analysis © Timetric
Figure 275: Bahrain Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 311
Water-based paints and coatings accounted for the highest market size for paints and
coatings in Bahrain in 2011, with a volume of 0.025 million tons and a market share of
56.9%. Meanwhile, the solvent-based paints and coatings recorded a market size of 0.019
million tons in terms of volume.
Table 270: Bahrain Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 15.2 18.7 24.5
Water-based paints and coatings 25.2 24.7 33.4
Overall 40.3 43.4 57.9
Source: Timetric analysis © Timetric
Figure 276: Bahrain Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 312
8.8 Turkey
The market size of paints and coatings in Turkey stood at US$1.1 billion in 2011, an increase of
11.1% over 2010. During the review period, the market size of paints and coatings recorded a
CAGR of -1.01%.
Table 271: Turkish Paints and Coatings Market Size (US$ Million), 2007–2011
Year US$ Million % Growth
2007 1,157.3
2008 1,194.3 3.2%
2009 878.5 -26.4%
2010 1,000.0 13.8%
2011 1,111.1 11.1%
CAGR 2007–2011 -1.01%
Source: Timetric analysis © Timetric
Figure 277: Turkish Paints and Coatings Market Size (US$ Million), 2007–2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 313
Timetric expects the market size of paints and coatings in Turkey to increase at a CAGR
of 7.80% over the forecast period, and to reach US$1.6 billion in 2016.
Table 272: Turkish Paints and Coatings Market Size (US$ Million), 2011–2016
Year US$ Million % Growth
2011 1,111.1
2012 1,185.6 6.7%
2013 1,272.9 7.4%
2014 1,375.2 8.0%
2015 1,492.8 8.6%
2016 1,617.6 8.4%
CAGR 2011–2016 7.80%
Source: Timetric analysis © Timetric
Figure 278: Turkish Paints and Coatings Market Size (US$ Million), 2011–2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 314
The water-based paints and coatings category accounted for the highest market size of paints
and coatings in Turkey in 2011, with a value of US$797.6 million and a market share of 71.8%.
Meanwhile, the solvent-based paints and coatings market sized US$313.5 million.
Table 273: Turkish Paints and Coatings Market Size by Category (US$ Million), 2007, 2011
and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 364.2 313.5 417.6
Water-based paints and coatings 793.2 797.6 1,200.0
Overall 1,157.3 1,111.1 1,617.6
Source: Timetric analysis / © Timetric
Figure 279: Turkish Paints and Coatings Market Size by Category (%), 2007, 2011 and
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 315
The market size in terms of volume for paints and coatings in Turkey stood at 523.8 million
tons in 2011, an increase of 13.8% over 2010. The market size in terms of volume for
paints and coatings recorded a CAGR of 1.24% during the review period.
Table 274: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Year Thousand Tons % Growth
2007 498.6
2008 514.6 3.2%
2009 448.1 -12.9%
2010 460.2 2.7%
2011 523.8 13.8%
CAGR 2007–2011 1.24%
Source: Timetric analysis © Timetric
Figure 280: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2007–
2011
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 316
The market size in terms of volume for paints and coatings in Turkey is expected to increase at
a CAGR of 7.56% over the forecast period, to reach 0.75 million tons in 2016.
Table 275: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Year Thousand Tons % Growth
2011 523.8
2012 557.3 6.4%
2013 596.7 7.1%
2014 643.4 7.8%
2015 697.5 8.4%
2016 754.1 8.1%
CAGR 2011–2016 7.56%
Source: Timetric analysis © Timetric
Figure 281: Turkish Paints and Coatings Market Size by Volume (Thousand Tons), 2011–
2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 317
The water-based paints and coatings accounted for the highest market size for paints and
coatings in Turkey in 2011, with a volume of 0.4 million tons and a market share of 80.9%.
Meanwhile, the solvent-based paints and coatings category accounted for the remaining market
share of 19.1%, with a market size of 0.1 million tons in terms of volume.
Table 276: Turkish Paints and Coatings Market Size by Volume by Category (Thousand
Tons), 2007, 2011 and 2016
Category 2007 2011 2016
Solvent-based paints and coatings 114.1 100.3 131.5
Water-based paints and coatings 384.5 423.5 622.7
Overall 498.6 523.8 754.1
Source: Timetric analysis © Timetric
Figure 282: Turkish Paints and Coatings Market Size by Volume by Category (%), 2007,
2011 and 2016
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 318
Akzo Nobel NV (Akzo Nobel) is a Dutch multinational company which provides decorative paints,
performance coatings and specialty chemicals. With operations in more than 80 countries, it is one of the
largest paints and coatings companies in the world. The company markets its products under various brands
such as Dulux, Sikkens, Casco, Sadolin, Taubmans, Levis, Glidden, Flood, Flora and Vivexrom. Its
decorative paints and performance coatings products are used for protecting and preserving homes,
buildings, offices and factories. The company‟s specialty chemicals are used as essential ingredients in
products such as ice cream, asphalt, soups, soaps, plastics, paper and other products. Its coating products
have an application for automotive, infrastructure, oil and gas, mining and metals, power, water and waste
water, marine and aerospace industries. The company conducts its business operations in major world
markets including the US, Germany, the Netherlands, and the UK. Akzo Nobel is headquartered in
Amsterdam, the Netherlands.
The company reported revenues of EUR14,640.00 million during fiscal year 2010 (FY2010). The company's
revenue grew at a CAGR of 9.93% during 2006–2010, and reported an annual growth of 12.37% in FY2010
over FY2009. The company‟s operating margin was 8.33% in FY2010, compared to its operating margin of
6.56% in FY2009. In addition, the company recorded a net margin of 5.15% in FY2010, compared to its net
margin of 2.19% in FY2009.
Akzo Nobel manufactures and supplies specialty chemicals, paints and performance coatings worldwide.
The company has an established distribution network and conducts its business operations in more than 80
countries. The company operates through three business segments: decorative paints, performance
coatings, and specialty chemicals.
The company's decorative paints segment is one of the most geographically diverse business segments,
with operations across Europe, North America, the Asia-Pacific, Latin America, and the Rest of the World.
This segment provides adhesives, lacquers and varnishes, decorative paints, floor leveling compounds, and
specialty coatings for metal, concrete and other building materials. It also provides color concepts, mixing
machines and training courses for building construction and renovation. The company markets its products
under various brands such as Dulux, Hammerite, Pinotech, Sico, Interpon, Cuprinol, Tintas Coral, Herbol,
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 319
Sikkens, Casco, Sadolin, Taubmans, Levis, Glidden, Flood, Flora, Vivexrom and Marshall. During FY2010,
this segment accounted for 34.00% of the company‟s total revenue.
The company‟s performance coating products include industrial finishes, car refinishes, marine and
protective coatings, packaging coatings and powder coatings. During FY2010, this segment accounted for
33.00% of the company‟s total revenue.
Operating through seven business units, the specialty chemicals segment provides over 2,000 products that
find application in products of everyday use such as paper, ice cream, cosmetics, plastics and glass. Its
product portfolio includes industrial chemicals, such as chlor-alkali products, salt and monochloracetic acid,
as well as functional chemicals, including ethylene amines, cellulosic specialties, salt specialties, chelates,
sulfur products and re-dispersible powder polymers. The segment also provides cationic, anionic and non-
ionic surfactants, as well as personal care solutions and aqueous solution polymers. Its specialty chemicals
also include polymer chemicals, polyester fibers and soda ash, emulsion polymers, carbon disulfides, pulp
and paper chemicals such as sodium chlorate and hydrogen peroxide, wet and dry strengthening agents,
coating additives, and chemicals for use in the water treatment, pharmaceutical industries and explosives.
This segment accounted for 33.00% of the company‟s total revenue.
During FY2010, the company spent EUR334.00 million on research and development (R&D) activities. Akzo
Nobel operates manufacturing facilities worldwide. The company also manufactures the micronutrients
required for a variety of its products through its facilities situated in the Netherlands and the US. The
company makes use of nanotechnology to develop coatings that are highly wear resistant and easy to clean.
The company classifies its geographic operations into 10 regions: the Netherlands, Germany, Sweden, the
UK, other European countries, US and Canada, Latin America, China, other Asian countries, and other
regions. During FY2010, the company generated 23.21% of its revenues from other European countries,
20.17% of its revenues from the US and Canada, 12.15% from other Asian countries, 9.52% from Latin
America, 8.53% from China, 7.92% from Germany, 5.50% from the Netherlands, 5.45% from the UK, 4.35%
from other regions, and 3.2% from Sweden.
In October 2011, the company announced plans to build a new coating plant in China, and also acquired
Schramm Holding AG. In July 2011, the company acquired Boxing Oleochemicals, a producer of nitrile
amines and derivatives in Asia. The company also announced plans to build a manufacturing plant in the UK
in the same month, and also acquired the patented Zeta Fraction technology from Integrated Botanical
Technologies (IBT) based in New York. In June 2011, the company entered into a partnership agreement
with Guangxi CAVA Titanium Industry Co. Ltd for the production and supply of titanium dioxide (TiO2), which
is a raw material used in the production of paints and coatings.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 320
Akzo Nobel is one of the largest coatings manufacturers in the world. The company‟s key products and
brands include:
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 321
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 322
Akzo Nobel is a global paints and coatings company which develops and supplies a range of paints,
coatings and specialty chemicals. The company‟s main strengths are its diversified revenue generation
base, strong financial performance and strong solvency position. Meanwhile its main weaknesses are its
decorative paints segment‟s overdependence on Europe, weak liquidity position, and lawsuits and litigations
against the company. The company has the opportunity to grow from the positive outlook of the automotive
industry, strategic acquisition and capacity expansion, and Trans-European Network transport program.
However, its business operations may be threatened by stringent regulations, the economic instability of the
EU nations and labor shortages.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 323
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 324
will be operational by 2014 and will increase Akzo Nobel‟s capacity by 25 million liters. In addition, the
company planned to establish a manufacturing unit in the UK in July 2011, which will also be operational by
2014. These capacity expansions will strengthen the company‟s competitiveness against its peers in these
operating countries.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 325
several industries including the paints and coatings market. Since the company operates in Europe and the
US, it may face challenges with respect to labor shortage in these regions.
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 326
Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 327
PPG Industries Inc. (PPG) is a coatings and specialty products company, which is based in US. PPG
manufactures and supplies coatings, optical and specialty materials, commodity chemicals, and fiber glass.
The company offers its products through six segments: performance coatings, industrial coatings,
architectural coatings in EMEA, optical and specialty materials, commodity chemicals, and glass. The
company offers its products and services to customers involved in construction, consumer products,
industrial production and transportation. PPG owns manufacturing facilities and equity affiliates in more than
60 countries across the world. The company sells its products through its own stores, home centers,
independent dealers and also directly to customers. PPG is headquartered in Pittsburgh, Pennsylvania, the
US.
The company reported revenues of US$13,423.00 million during FY2010. The company's revenues grew at
a CAGR of 5.25% during 2006–2010, and recorded an annual growth rate of 9.67% over FY2009. The
company‟s operating margin was 9.65% in FY2010, compared to its operating margin of 5.04% in FY2009.
The company also recorded a net margin of 5.73% in FY201, compared to its net margin of 2.75% in
FY2009.
PPG is a coatings and specialty products and services company. The company provides a wide variety of
products and services to end users in construction, consumer products, industrial and transportation
services. PPG owns manufacturing facilities and equity affiliates in over 60 countries across the world.
PPG has classified its operations under six segments: performance coatings, industrial coatings,
architectural coatings in EMEA, optical and specialty materials, commodity chemicals, and glass.
The company‟s performance coatings segment contains aerospace coatings, refinish and protective, marine
coatings and architectural coatings businesses. Its aerospace coatings business is one of the world‟s leading
suppliers of coatings, sealants, paint strippers, transparent armor and transparencies for commercial
companies, technical cleaners, the military, general aviation aircraft and regional jets. The company‟s
architectural coatings business operates in the Americas and Asia-Pacific region. This business produces
paints, stains and specialty coatings under the PPG Pittsburgh Paints, Olympic, PPG Porter, Monarch, and
Lucite brand names. The refinish coatings business supplies products for automotive and fleet repair,
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refurbishing, and light industrial coatings for broad range of markets. The protective and marine coatings
business offers coatings and finishes for protection of metals and structures, especially steel and metal
fabricators, ship manufacturers, rail cars and shipping containers and heavy duty maintenance contractors.
The company sells products through its own stores and independent distributors, as well as directly to
customers. The company‟s performance coatings segment accounted for 31.90% of its total revenues in
FY2010.
PPG‟s industrial coatings segment contains the industrial, automotive and packaging coatings businesses. In
the automotive and industrial coatings businesses, the company sells products adhesives, sealants in the
automotive industry. It also offers metal pre-treatments and related chemicals for industrial and automotive
applications. The packaging coatings business supplies coatings and inks for food, beverages and aerosol
containers. The company‟s industrial coatings segment accounted for 27.62% of its total revenues in
FY2010.
Through the architectural coatings in EMEA (Europe, Middle East and Africa) segment, the company
supplies coatings under various brands. It manufactures coatings for painting and maintenance contractors
as well as for consumers to use in personal decoration and maintenance. The company sells these products
through its own stores, independent distributors, home centers and paint dealers. The architectural coatings
EMEA segment accounted for 13.96% of the company‟s total revenue in FY2010.
PPG‟s optical and specialty materials segment offers optical products and silica. The segment‟s products
portfolio includes sun lenses, transitions lenses, polarized films and optical materials; battery separators and
amorphous precipitated silica for tire and other end-user markets; and teslin synthetic printing sheet used as
waterproof labels, e-passports, identification cards and drivers‟ licenses. The company‟s optical and
specialty materials segment accounted for 8.50% of its total revenues in FY2010.
Through the company‟s commodity chemicals segment, PPG manufactures chlor-alkali and derivative
products, such as caustic, chlorine, soda, vinyl chloride monomer, ethylene dichloride, chlorinated benzenes,
calcium hypochlorite, chlorinated solvents and phosgene derivatives. The company‟s commodity chemicals
segment accounted for 10.68% of its total revenues in FY2010.
PPG‟s glass segment provides performance glazing and fiber glass. It produces continuous-strand fiber
glass. This segment‟s key end users are commercial and residential construction, the wind energy,
transportation, energy infrastructure, and electronics companies. Most of the company‟s glass products are
sold directly to manufacturing companies. PPG‟s glass segment accounted for 7.34% of its revenues in
FY2010.
The company supplies protective and decorative coatings through its performance coatings, industrial
coatings, architectural coatings in EMEA segments. These coatings are used for industrial equipment,
aluminum extrusions, and aluminum and steel coils, appliances and packaging, marine and aircraft
equipment, and automotive original equipment.
Geographically, the company operates in the Americas, EMEA and Asia regions. The Americas accounted
for 49.64% of the company‟s revenue in FY2010, while EMEA accounted for 33.79% and Asia accounted for
16.57% of the company‟s revenue.
In October 2011, PPG partnered with Jet Inc., a provider of advanced on-site wastewater treatment systems
for the distribution of new ACCU-TAB(R) wastewater tablets. During the same month, PPG acquired the
European coatings company Dyrup AS. The company also entered into an organic light-emitting diode
(OLED) materials supply and service agreement with Universal Display Corporation in September 2011.
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In August 2011, the company established a 50:50 joint venture with Harsha Exito Engineering Private
Limited (India) to manufacture and distribute fiber glass reinforcement products. During the same month, the
company and its subsidiary, PPG Colombia, acquired Colpisa Colombiana de Pinturas, a privately-owned
Colombian coatings company, and its affiliates.
In June 2011, PPG acquired Ducol Coatings South Africa (PTY) Ltd, which operates as an importer and
distributor of PPG‟s automotive refinish products in South Africa. Furthermore, in May 2011, PPG acquired
Equa-Chlor Inc., a producer of chlorine, caustic soda and muriatic acid, based in Longview, Wash. In
January 2011, PPG announced plans to expand its relationship with Asian Paints Ltd (APL), India‟s coatings
company to accelerate the growth of the companies‟ non-decorative coatings businesses in India.
PPG is a provider of coatings and specialty products which is based in US. The company's main products
include:
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PPG‟s main strengths are its broad product portfolio, global business operations and strong financial
performance. Meanwhile, its main weakness is its limited solvency position. The company could grow by
capitalizing on the positive outlook of the chemicals industry, partnerships and agreements, strategic
acquisitions and growth in emerging markets. However, the company‟s operations may be threatened by the
negative outlook of non-residential construction in the US, European regulations for chemical industry and
increasing labor costs.
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materials segment‟s revenues grew by 13.87% and the glass segment‟s revneues grew by 16.02%
respectively. Furthermore, the company maintained a higher operating margin of 9.67% than its close
competitors, such as RPM International Inc. which had an operating margin of 8.73% and The Sherwin-
Williams Company which had an operating margin of 8.72%. The company‟s strong operating performance
against its peer group improves investors‟ confidence in the company and enhances its growth prospects.
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The company‟s strong market presence and influence gives it a high bargaining power, enabling it to enter
into strategic acquisitions at low prices and to achieve economies of scale.
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altering its operations in order to comply. PPG spends over EUR10.00 million per year to retain the standard
of its products. The increasing regulations may affect the profitability of the company.
Akzo Nobel NV
Akzo Nobel NV – Akcros Chemicals PVC additives business
BASF Corporation
Corning Incorporated
RPM International Inc.
The Dow Chemical Company
The Sherwin-Williams Company
The Valspar Corporation
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The Sherwin-Williams Company (Sherwin-Williams) is a manufacturer and retailer of paint which is based in
the US. The company develops, produces, distributes and sells coatings, paints and other paint-related
products. Its product portfolio consists of a wide variety of interior and exterior paints, sealers, water
proofers, primers, surfacers and high performance architectural coatings. The company markets its products
under brands names including Dutch Boy, Sherwin-Williams, Pratt & Lambert, Krylon, Minwax, Thompson‟s,
WaterSeal, Purdy, Uniflex, VHT, Kool Seal and Snow Roof. It also offers an array of painting-related
services such as color sampling, wood finishing systems and services, inventory management and
equipment repairs. The company principally operates in North and South America, the Caribbean region,
Europe and Asia. Sherwin-Williams is headquartered in Cleveland, Ohio, US.
Sherwin-Williams is involved in the development, production, distribution and retailing of paints, coatings and
other paint-related products. The company produces paints, stains, painting tools and equipment for a wide
variety of end users such as residential and commercial builders, architectural and industrial painting
contractors, property owners, and property managers. In addition to these products, the company also
provides an array of painting-related services such as color sampling, wood finishing systems and services,
inventory management, and equipment repairs.
The company operates through three segments: paint stores group, consumer group and global finishes
group.
Through its paint stores group segment, the company markets paints, coatings and paint-related products to
its customers. The company operates around 3,390 company-owned specialty paint stores in the US,
Canada, Puerto Rico, Virgin Islands, Trinidad and Tobago, St. Maarten, and Jamaica. The company markets
its products under brand names including Sherwin-Williams, ProMar, SuperPaint, A-100, PrepRite, Classic
99, ProClassic, Master Hide, Duration, ExpressTech, Duron, Columbiatm and MABtm. The paint stores
group provides a complete range of environmentally friendly products, such as low-VOC and zero-VOC
architectural paints, which meet the LEED (leadership in energy and design) requirements. It also produces
protective and marine coating systems. The paint stores group segment accounted for 56.34% of the
company‟s total revenues in FY2010.
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The consumer group segment develops, manufactures and distributes a variety of paint, coatings and paint-
related products to third-party customers, primarily in the US and Canada. The company markets its
products under brands including Thompson‟s WaterSeal, Dutch Boy, Cuprinol, Pratt & Lambert, Martin
Senour, H&C, Rubberset, Dupli-Color, Minwax, White Lightning, Krylon, Purdy, Bestt Liebco, Accurate
Dispersionstm, Dobco, Kool Seal, Snow Roof, Uniflex and VHT. The consumer group segment accounted
for 16.69% of the company‟s total revenues in FY2010.
The global finishes group segment develops, manufactures, distributes and sells architectural paint and
coatings, industrial and marine products, automotive finishes, refinish products, and OEM coatings. The
company markets its merchandise under brands including Sherwin-Williams, Martin Senour, Lazzuril,
Excelo, Baco, Planet Color, Ultra-Cure, Dutch Boy, Krylon, Kem-Tone, Pratt & Lambert, Minwax, Sher-
Wood, Powdura, Polane, RonsealTM, Colorgin, Sumare, Andina, Marson, Tri-Flow, Thompson‟s WaterSeal,
Metalatex, Novacor, Loxon, Napko, AWX and Ultra. It sells this merchandise mainly to North and South
America, Europe and Asia. The segment operates 248 branches in the US and 316 branches in other
regions. The global finishes group segment accounted for 26.90% of the company‟s total revenues in
FY2010.
Sherwin-Williams also provides product-related services, such as color tools, color visualizers, spray
equipment repair services, wood finishing services, and color and design services to architects and
designers, painting contractors, home builders, industrial and marine, custom woodworkers and cabinet
finishers, property and facility managers, and factory finishers of exterior siding.
Sherwin-Williams manufactures and supplies paints, coatings and paint-related products. The company's
key products and services include:
Table 286: The Sherwin-Williams Company, Main Products, Services and Brands
Products Brands
Paints Sherwin-Williams
Stains Dutch Boy
Varnishes Krylon
Industrial products Minwax
Wood finishing products Cuprinol
Wood preservatives Thompson‟s
Applicators WaterSeal
Corrosion inhibitors Pratt & Lambert
Aerosols Martin Senour
Services H&C
Color and design services White Lightning
Wood finishing services Dupli-Color
Equipment repairs Rubberset
Purdy
Dobco
Bestt Liebco
Accurate Dispersions
Uniflex
VHT
Kool Seal
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Table 286: The Sherwin-Williams Company, Main Products, Services and Brands
Snow Roof
Source: Annual report, company website, primary and secondary research / © Timetric
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The Sherwin-Williams Company is one of the leading paint manufacturing and retailing companies in the US.
The company‟s main strengths are its impressive financial performance, strong solvency position and broad
product portfolio. Meanwhile, its main weakness is its limited liquidity position. There are opportunities for the
company to grow from positive outlook of the automotive industry, growth in emerging markets, and the
company‟s strategic acquisitions and expansions. However, the company‟s operations may be threatened by
the negative outlook of non-residential construction in the US, the increasing labor costs and environmental
regulations.
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Besides acquisitions, Sherwin-Williams plans to expand its operations by creating new stores which will
increase the company‟s customer base. The company plans to open 50–60 new stores in FY2011. During
FY2010, the company‟s paint group segment opened 49 new stores, of which 40 were in the US, six were in
Canada, two were in Trinidad and one was in Jamaica. The company also increased its total store count
from 3,354 in the FY2009 to 3,390 in FY2010. The company‟s concentration on opening new stores may
further strengthen its competitive position against companies with similar businesses.
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RPM International Inc. (RPM) is a manufacturer of specialty coatings, sealants, building materials and other
related services. It offers specialty paints, roofing systems, protective coatings, sealants and adhesives
under various brands such as Fibergrate, Universal Sealants, Illbruck, Rust-Oleum, Stonhard, Tremco,
Zinsser, Flecto, Flowcrete, Watco, Carboline, DAP and EUCO. RPM operates manufacturing facilities in 78
locations in the US, Belgium, Argentina, Canada, the Czech Republic, Colombia, France, Italy, Germany,
Malaysia, the Netherlands, Mexico, Norway, South Africa, Poland, Sweden, the UAE and the UK. The
company distributes its products in over 150 countries and territories. RPM is headquartered in Medina,
Ohio, US.
RPM is an US-based specialty chemicals company, which offers protective coatings, roofing systems,
adhesives, high-quality specialty paints and sealants. The company classifies its business operations into
two reportable segments: consumer and industrial.
Through its consumer segment, RPM produces and distributes professional and do-it-yourself (DIY)
products for a wide range of applications, including home improvement and personal leisure activities. The
consumer segment is further sub-divided into two business units: Rust-Oleum group and DAP group. The
key products sold under the segment are rust-preventative, special purpose and decorative paints, caulks,
sealants, and primers. The company distributes these products directly to hardware stores, paint stores,
mass merchandisers, craft shops, home improvement centers, and other smaller customers through
distributors. This segment‟s main manufacturing and distribution facilities are located in North America and
select locations in Europe.
The Rust-Oleum group manufactures a broad range of coating products to protect and decorate a variety of
surfaces for the DIY and professional markets. Its products are sold under the Stops Rust, Specialty,
Professional, Universal, Varathane, American Accents, Painter‟s Touch, Watco, Epoxy Shield, Labor Saver,
Industrial Choice, Road Warrior, Hard Hat, Mathys, Sierra Performance, CombiColor, Noxyde and Blackfriar
brands. The business unit‟s line of specialty products serves the requirements of both professional paint
contractors and DIY consumers for applications including surface preparation, mold and mildew prevention,
wallpaper application and removal, and waterproofing. The unit also offers deck and fence restoration
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products, metallic and faux finish coatings, and other products such as hobby paints and cements. Through
DAP group, RPM offers a full line of caulks, adhesives, sealants, insulating foam, glazing, spackling, and
other general patch and repair products. The key brands of DAP Group include DAP, Alex, Beats The Nail,
Blend Stick, Caulk-Be-Gone, Blockade, Butyl-Flex, Contact Stik, Crack Shot, Custom Patch, Kwik, Mono
and Patch Stick. In FY2011, the company's consumer segment accounted for 33.00% of total revenues of
the company.
The company's industrial segment operates through three business units: RPM building solutions group,
performance coatings group and RPM 2 group. The industrial segment provides maintenance and protection
products for flooring, corrosion control, roofing and waterproofing systems, and other specialty applications.
These products are sold directly to distributors, contractors and end users such as public institutions, owners
of industrial manufacturing facilities and other commercial customers.
The company‟s RPM building solutions group business unit manufactures and markets several products,
including sealants, tapes and foams used to seal and insulate joints in construction assemblies;
waterproofing and institutional roofing systems used in maintenance, building protection and
weatherproofing applications; and residential basement waterproofing systems. The unit also provides
specialized roofing and building maintenance and related services, specialty industrial adhesives and
sealants, and construction chemicals such as concrete and masonry additives. The company's performance
coatings group offers high-performance polymer flooring systems used in industrial, institutional and
commercial facilities, as well as fiberglass reinforced plastic gratings and shapes for industrial platforms,
staircases and walkways. The business unit‟s product portfolio also contains high-performance, heavy-duty
corrosion-control coatings; fireproofing products and containment linings for various industrial infrastructure
applications; industrial and commercial tile systems; and specialty construction products including bridge
expansion joints, bridge deck waterproofing membranes, protective coatings and concrete repair. The RPM
2 group business unit manufactures a range of products for specialized applications, including exterior
insulating finishing systems such as textured finish coats, sealers and variegated-aggregate finishes. It also
offers shellac-based-specialty coatings for industrial and pharmaceutical end users. In FY2011, the industrial
segment contributed 67.00% of total revenues of the company.
The company operates manufacturing facilities in France, the Netherlands, Germany, Argentina, Belgium,
Canada, Colombia, the Czech Republic, Malaysia, Italy, Mexico, Poland, Norway, South Africa, the UAE,
Sweden and the UK. It also owns sales offices or warehouse facilities in Belgium, Australia, Canada, the
Czech Republic, China, Finland, Germany, France, Hong Kong, Japan, Italy, Mexico, Russia, Poland, South
Africa, Sweden, Singapore and the UK. RPM markets its products in over 150 countries worldwide.
The company classifies its operations into five geographic regions: North America, Europe, South America,
Africa and the Middle East, and the Asia-Pacific. In FY2011, the North America region generated 67.37% of
the company‟s total revenue, while 22.70% of the revenue came from Europe, 3.48% came from South
America, 3.27% came from Africa and the Middle East, and 3.18% came from the Asia-Pacific region.
In October 2011, RPM‟s performance coatings group acquired the Grupo P&V group of companies, which is
a leading European vertically integrated supplier of passive fire protection and insulation products, to expand
its fireproofing and insulation capabilities. In September 2011, the RPM 2 group business unit acquired the
Legend Brands group of companies, which provides equipment and solutions for professional cleaning,
water and fire damage restoration, and environmental control. In August 2011, RPM‟s performance coatings
business acquired API SpA, a producer and installer of polyurethane and urethane-based flooring and
decking solutions for cruise ships, mega-yachts and naval applications.
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RPM manufactures and markets high-performance coatings, sealants and specialty chemicals. The key
products and services offered by the company include:
Table 290: RPM International Inc., Main Products, Services and Brands
Products Services
Industrial products: Specialized roofing and building maintenance and related services
Waterproofing and institutional roofing systems Brands
Residential basement waterproofing systems Carboline
Specialty industrial adhesives and sealants EUCO
Concrete and masonry additives and related construction
Fibergrate
chemicals
Polymer flooring systems Flecto
Industrial and commercial tile systems Flowcrete
Fiberglass reinforced plastic gratings and shapes Universal Sealants
Heavy-duty corrosion-control coatings Illbruck
Fireproofing products Rust-Oleum
Containment linings Stonhard
Specialty construction products: Tremco
Bridge expansion joints Stops Rust
Bridge deck waterproofing membranes American Accents
Protective coatings Painter‟s Touch
Concrete repair Tremclad
Exterior insulating finishing systems: Universal
Textured finish coats Varathane
Sealers Watco
Variegated-aggregate finishes Epoxy Shield
Powder coatings for exterior and interior applications Industrial Choice
Fluorescent colorants and pigments Labor Saver
Commercial carpet and floor cleaning solutions Road Warrior
Fuel additives Sierra Performance
Wood treatments Hard Hat
Pleasure marine coatings Mathys
Waterproofing and flooring products Combi Color
Waterproofing and concrete repair products Noxyde
Wood furniture finishes and touch-up products Blackfriar
Shellac-based-specialty coatings Zinsser
Consumer products: B-I-N
Coating products to protect and decorate various surfaces Bulls Eye
Surface preparation Cover-StainDIF
Mold and mildew prevention Fast Prime
Wallpaper removal and application Sealcoat
Deck and fence restoration products Jomax
Metallic and faux finish coatings Gardz
Hobby paints Perma White
Cements Shieldz
Caulks Watertite
Sealants Okon
Adhesives Parks
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RPM manufactures and markets high-performance coatings, sealants and specialty chemicals, primarily for
maintenance and improvement applications. The company‟s main strengths are its leading market position,
broad product portfolio, impressive bottom-line performance and strong liquidity position. Meanwhile, its
main weakness is its ongoing lawsuits. The company has opportunities to grow from strategic acquisitions
and the positive outlook of the chemicals industry. However, its business operations may be threatened by
the negative outlook of non-residential construction in the US, the environmental regulations regarding
chemicals and the economic instability in Europe.
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current ratio than its competitors indicates that the company is in a stronger financial position than its peers.
At the end of FY2011, the company had total current assets worth US$1,867.97 million, an increase of
28.81% over previous year. Furthermore, the RPM recorded cash and cash equivalent of US$435.01 million
at the end of FY2011, compared to its short-term debt of US$2.55 million. The company‟s strong cash and
liquidity position gives it an advantage in funding any potential opportunity arising in the market.
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The outlook of the US construction industry is negative, posing challenges to the company‟s domestic
business operations. According to the AIA Consensus Construction Forecast Panel, non-residential
construction activity in the country is expected to decline by 5.60% in 2011. The construction activities for
commercial and industrial projects are expected to be weak in 2011, with total commercial construction
revenues growing by -6.50% and industrial construction growing by -3.40% during the year. The largest
decline in construction value will be reported by hotel construction, which will decrease in value by 17.90%.
The main reasons for the reduced demand for non-residential construction are the cautious approach of
businesses in expanding their facilities, the tight credit situation, and the oversupply of commercial space in
the country. Since the company principally operates in the US, the negative outlook of the US construction
industry will reduce the demand for the company‟s products in its domestic market.
Akzo Nobel NV
Ferro Corporation
H.B. Fuller Company
Masco Corporation
PPG Industries Inc.
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The Valspar Corporation (Valspar) is one of the world‟s leading coatings and paints manufacturers. It
principally manufactures, and distributes various coatings, paints and paint-related products. The company
also produces and sells specialty polymers, colorants and gelcoats, as well as furniture protection plans
under the Guardsman brand. Valspar markets its products under several brands, including Cabot, Quikrete,
Valspar, De Beer, McCloskey, Goof Off, House of Kolor, Plasti-Kote, Huarun, Medallion, Zenith and Idol.
The company distributes its products through a strong distribution network including mass merchants, home
centers, hardware wholesalers, distributors and independent dealers in the US and Canada. It also supplies
products through a network of distributors and retail outlets in China. Apart from the US, the company
operates in 23 countries across European and Asian countries including China, Australia, France, Germany,
and Italy. Valspar is headquartered in Minneapolis, Minnesota, US.
Valspar manufactures and distributes coatings, paints and paint-related products. It also manufactures
specialty polymers and colorants for internal use and external sale to other coatings manufacturers. In
addition, Valspar manufactures and sells gelcoats to boat manufacturers, shower and tub manufacturers,
and other end users. The company divides its business operations through three segments: coatings, paints
and all other.
Valspar‟s coatings segment provides decorative and protective coatings for metal, wood and plastic. This
segment offers a range of products, including inks, sprays, stains, fillers, primers, varnishes and other
coatings. These products find their application in various industries, including metal packaging, building
products, transportation, agricultural and construction equipment, furniture, metal fabrication and automotive
parts. The company distributes its products to original equipment manufacturers (OEMs) in North America,
South America, Europe and Asia.
The company‟s coatings segment also contains packaging, general industrial, coil and wood product lines.
Its packaging product line consists of coatings for both interior and exterior use in metal packaging
containers, principally food containers and beverage cans, for its customers across the globe. In addition,
the packaging product line offers coatings for aerosol and paint cans, plastic packaging, bottle closures and
crowns for glass bottles. Under the general industrial product line, Valspar manufactures powder, liquid and
electro deposition coatings technologies for a broad range of industries, such as transportation, automotive
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parts and agricultural and construction equipment. The segment‟s coil product line comprises coatings for
appliances, pre-engineered buildings, and components such as column covers, wall panels, roofs and
similar architectural products. The wood product line provides decorative and protective coatings for wood
furniture, building products, cabinets and floors. It also provides color design, manufacturing and technical
service to its customers. In FY2010, the coatings segment accounted for 56.24% of the company‟s total
revenues.
The company's paints segment sells various paints, primers, topcoats and aerosol spray paints through a
network of company-owned stores, retailers and other distributors. The paints segment includes two product
lines: consumer paints and automotive refinish. Its consumer paints product line includes interior and exterior
paints, varnishes, stains, primers, floor paints, and specialty decorative products including enamels, aerosols
and faux finishes for professionals and DIY end users. Valspar offers consumer products through home
centers, distributors, hardware wholesalers and independent dealers in the US and Canada. It also offers the
Huarun brand of consumer paints in China, and Wattyl branded consumer paints in Australia and New
Zealand. Through the automotive refinish products line, the company supplies automotive refinishing
products to automotive supply distributors and retailers, body shops and automotive refinish distributors. In
FY2010, the paints segment accounted for 36.47% of the company‟s total revenues.
Through its all other segment, the company manufactures and sells specialty polymers, gelcoats and
colorants. This segment also sells furniture protection plans under the Guardsman brand. The company
produces specialty polymers and colorants for internal use and for external sale to other coatings producers.
It sells gelcoats to boat manufacturers, shower and tub manufacturers, and others. In FY2010, the all other
segment accounted for 10.39% of the company‟s total revenues.
The company classifies its operations into three geographical regions: United States, China and other
countries. In FY2010, the United States generated 59.59% of the company‟s total revenues, while 12.95%
was generated from China, and 27.46% was generated from other countries.
In November 2011, the company introduced a new spray paint formula and spray can design, which features
a quick dry formula in a twist and lock spray can. In the same month, Valspar Automotive launched the De
Beer WaterBase 900+ series, featuring 13 additional mixing colors that have higher coverage. In May 2011,
the company commercialized Valspar Aquaguard, a water-based and zinc-free container coating technology.
In February 2011, Valspar acquired Isocoat Tintas e Vernizes Ltda. (Isocoat), a Brazil-based manufacturer of
powder coatings used in appliance, building products, transportation and other general industrial markets in
Brazil, Argentina and Colombia.
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Valspar is a leading paints and coatings manufacturing and distributing company. The main products and
brands offered by the company include:
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Valspar is a manufacturer and distributor of paints and coatings. The company‟s main strengths are its
diversified geographical operations and broad product portfolio. Meanwhile, its main weaknesses are its
overdependence on a few major customers, limited liquidity position and weak operating performance. There
are opportunities for the company to grow from strategic acquisitions, product innovations and positive
outlook of the chemical industry. However, the company‟s operations may be threatened by industry
consolidation, the negative outlook of non-residential construction in the US, and the stringent regulations
that affect its operations.
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The technology improved the company‟s environmental credentials, by shifting from solvent-based, zinc-
containing materials to a water-based, zinc-free coating. Furthermore in October 2010, the company
expanded its automotive refinish product platform with new line of low volatile organic compounds (VOC)
solvent-based paint products. This meets the prevailing US standards for low VOCs, including the South
Coast Air Quality Management District. It also unveiled Valspar Signature Colors with Hi-DEF Advanced
Color System. This innovative formulation covers most old colors in one coat and delivers a faster, easier
application. Its extrusion coatings group unveiled a new applicator program, which was designed to assist
architects and building owners in sourcing quality aluminum extrusions and wall panels post-painted with
Valspar coatings. Furthermore, in 2010, Valspar designed three colorful spring paint palettes to contribute to
its home products range. Innovative products such as these help the company to offer products that meet
the ever-changing consumer demands and to serve diverse markets more efficiently.
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Stringent environmental regulations may impact Valspar‟s operations. The company is subject to numerous
environmental laws and regulations which dictate how Valspar conducts its business operations. The
regulations dictate a variety of business practices, such as on how to discharge pollutants into the air and
water; how to handle, use, treat, store and clean-up hazardous and non-hazardous wastes; and how to
conduct the investigation and remediation of soil and groundwater affected by hazardous substances. The
laws and regulations may impose liability on the costs of, and damages resulting from, cleaning up current
chemical sites, past spills, disposals and other releases of hazardous substances. The company is currently
undertaking remedial activities in a number of its facilities and properties, and has received notices under the
Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). The company
received these notices in connection with the disposal of material from its current and former operations. Any
violation of these laws could subject the company to fines and penalties. Furthermore, the environmental
laws and regulations that govern the company‟s operations have becoming increasingly stricter during the
review period. For example, REACH regulates the products manufactured and marketed in Europe.
Implemented over a period of 11 years, REACH compells all companies to develop and submit dossiers
containing datasets about their chemical products and their potential environmental impact. This will provide
an addition challenge while launching new products as it is a time-consuming and expensive process. It may
also result in phasing out of existing chemicals from the market, which are regarded as toxic and hazardous.
REACH directly applies to over 30,000 different chemical substances that are produced or distributed in
Europe, and its implementation is expected to cost the European chemical industry US$3.00 billion. During
the forecast period, other countries are expected to model their regulations on REACH. The US has already
started implementing similar regulations with the reform of Toxic Substances Control Act. China also has its
own version of RoHS (Restriction of Hazardous Substances), which restricts the use of certain chemicals in
the market. The stringent environmental regulations are set to tighten during the forecast period, which will
cause additional operational costs for the company and will threaten its profitability.
Akzo Nobel NV
Ferro Corporation
H.B. Fuller Company
PPG Industries Inc.
RPM International Inc.
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Nippon Paint Co. Ltd (Nippon) manufactures paints, coatings and chemicals. The company and its
subsidiaries offer a wide range of paints for automotives, buildings, large structures, electrical appliances
and vessels roadways. The company also provides surface treatment chemicals, electronic component
materials, chemical products, printing materials, and design and construction of industrial plants. The
company‟s broad product portfolio comprises coatings for automotives, maziora, automotive repair paints,
plastic paints, fire resistant coating, photo electronic device system, ferri sphere and flexceed plate. Nippon
primarily offers its products in China, Hong Kong, Japan, Malaysia, Korea, Singapore, Thailand, the UK and
the US. Nippon is headquartered in Osaka, Japan.
Nippon is a manufacturer of paints and coatings,which is based Japan. The company and its subsidiaries
principally produce paints, coatings and chemicals. The company organizes its business operations into two
categories: paints and coatings, and fine chemicals. The paints and coatings segment is further organized
into four sub-categories: automotive coatings, trade-use paints, industrial coatings, and other paints.
The company‟s automotive coatings sub-category develops coatings to protect automotives from rust and to
keep surfaces aesthetically pleasing. In addition, it develops integrated paint systems for painting new
automotives, from surface treatment to undercoating, intermediate and finish coatings.
Nippon‟s trade-use paints sub-category includes paints and coatings to protect and enhance the aesthetics
of buildings. The sub-category‟s product portfolio includes the Duflon K series of coatings for office buildings,
the O-De Rewall water-based systems for condominiums, metal structures, the Jikitone series materials, and
ceramic construction materials. In addition, it develops coatings and coating systems for specialized
circumstances such as external environments and chemically resistant areas.
The company‟s industrial coating sub-category product portfolio comprises paints and coatings for metal
products, electrical machinery, building materials and adhesive agents. The company develops and markets
powder coatings and water-based paints with low volatile organic compounds; solar reflective coatings which
prevent heat and reduce surface temperature; and a new coating system enables recycling. The company‟s
product offerings also include auto refinish, marine coatings, household paints and road paints.
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Through Nippon‟s fine chemicals segment, it provides surface treatment and fine chemicals. The company
develops and markets integrated surface treatment chemical systems including surface treatment agents
and mass production systems for beverage cans. The company‟s surface treatment agents are used to
modify metal, plastic and other materials, and to improve the surface‟s rust-prevention capability and
adhesiveness, although they can also be used to give the coating hydro-philicity and other characteristics.
The surface treatment systems and products are chromium-free treatment agents for steel and aluminum,
fluorine-free de-greasing agents for aluminum beverage cans and low-temperature treatment agents that
reduce carbon dioxide emissions. The company‟s fine chemical products include electronic materials called
photo ED system, tecron adhesives, flexceed printing plates, blood serum separation polymers called PS
Gel, surface treatment chemicals and color filter materials. These products are mostly offered to IT and
telecommunications companies for meeting the requirement for nano-level control technologies and highly
functional coating materials in the office equipments, mobile phones and digital home electronics.
The company‟s research and development (R&D) activities focus on using metal nano-particles and
nanotechnology in developing paint materials and coatings. Nanotechnology and environmentally friendly
material compound technology are developed and enhanced using polymer, photochemical and mixing
design technologies. Furthermore, it develops technologies and products for the company‟s paint and
coating segment and fine chemical segment. The company owns two domestic research and development
centers in Osaka and Tokyo.
Nippon operates through 64 subsidiary companies and 20 affiliates. The company has a wide network of
sales and marketing offices spread out in various countries, including Korea, India, China, Hong Kong,
Thailand Malaysia, Singapore, Europe and North America.
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Nippon manufactures paints, coatings and chemicals. The company‟s main strengths are its broad product
applications, strong operating performance, strong liquidity position and enhanced financial leverage.
Meanwhile, its main weakness is its overdependence on a single business area. There are opportunities for
the company to grow from growth potential in emerging markets and the positive outlook of the automotive
industry. However, its operations may be threatened by the increasing raw material costs and declining
building construction starts.
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valued JPY46,364.00 million, which is a reduction of 16.50% compared to its total debts in FY2010.
Moreover, the company's total equity valued JPY127,447.00 million in FY2011, an increase of 5.89% over
FY2010. The company‟s cash and short-term investment valued JPY28,346.00 million, which indicates that
the company has sufficient cash to pay its debt. Nippon‟s strong solvency position indicates its utilization of a
lower financial leverage and comparatively strong equity position, giving it a high creditworthiness.
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positive outlook for the automotive industry offers significant growth avenues to the company, since it
provides protective coating solutions to automotive manufacturers.
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Kansai Paint Co. Ltd (Kansai) manufactures and markets a broad range of paints. The company and its
subsidiaries also manufacture, design and sell all types of coating equipment. Kansai undertakes paint
works and designs color schemes along with the manufacturing and sales of products used for electronics
and biotechnology. Kansai sells its products under the Alesco brand in various international markets
including the US, the UK, India, China, Thailand and Malaysia. It provides marine and protective coatings,
automotive coatings, decorative coatings and industrial coatings. The company has research and
development (R&D) facilities, which focus on system and process research, and color design research.
Kansai is headquartered in Osaka, Japan.
Kansai manufactures and sells a broad range of paints for various industrial applications under the Alesco
brand. The company also designs and sells various kinds of coating equipments. Kansai organizes its
business operations under four reportable segments: automotive coatings, decorative coatings, industrial
coatings, and marine and protective coatings.
Kansai‟s automotive coatings segment provides coatings for new cars, automotive parts and automotive
refinishes. The company develops water-based coatings, such as topcoats and primers, for domestic
overseas and international markets. These coatings are used for new cars by automotive manufacturers and
as automotive refinish paints in garages and body shops. In FY2011, the automotive coatings segment
accounted for 42.00% of the company‟s total revenues.
The company‟s decorative coatings segment manufactures and sells paints for repair maintenance, as well
as coatings for new buildings. Kansai provides paints and coatings for all types of buildings, including
commercial buildings, housing and public facilities. Its product portfolio comprises coatings for interior
decorative coatings, rooftop coatings and exterior coatings. The company‟s decorative coatings are used to
protect structures, such as residential houses and other buildings, from deterioration, and are also used to
enhance the structure‟s aesthetics. In FY2011, the decorative coatings segment accounted for 20.00% of the
company‟s total revenues.
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Under the industrial coatings segment, Kansai offers paints for diverse applications such as beverage cans,
construction materials, home electronics, agricultural equipment construction and industrial machinery. This
segment's products include Electrodeposition (ED) coatings for aluminum sashes, and pre-coated metal
(PCM) coatings. In FY2011, the industrial coatings segment accounted for 29.00% of the company‟s total
revenues.
Under the marine and protective segment, the company offers paints for coatings in steel structures and
ships. These coatings provide long-term protection from corrosion for steel structures, and protective
coatings for land-based structures. Its marine structures include ships, offshore structures and marine
containers, while its land-based structures include bridges, tanks and industrial plants. During the review
period, Kansai developed resist ink materials which is used for high definition screen printing and hydrogel
sponge carriers. In FY2011, the marine and protective segment accounted for 9.00% of the company‟s total
revenues.
The company‟s R&D activities are focused on improving on the company‟s basic coatings, systems and
processes, color design, paint and coatings, and new businesses. Kansai conducts its research operations
through its five research institutes and one research center. In FY2011, the company‟s total R&D
expenditure valued JPY5,583.00 million in FY2011, as compared to JPY5,516.00 million in FY2010.
The company classifies its geographical segments into five regions: Japan, India, Asia, Europe and others.
In FY2011, the Japan region accounted for 61.94% of the company‟s revenues, while 17.05% of the
revenues came from India, 16.95% came from Asia, 3.83% came from Europe, and 0.20% came from
others.
In April 2011, the company purchased 127.92 million shares, or a 62.75% stake, in Freeworld Coatings Ltd
for ZAR1,535.00 million. In January 2011, the company established Chongqing Alesco Kansai Paint Co. Ltd
Kansai is a Japanese-based paints manufacturing company. Its key products and services include:
Table 302: Kansai Paint Co. Ltd, Main Products and Services
Products Services
Coatings for new cars Painting works
Automotive refinish paints
Industrial coatings
Coatings for residential houses and buildings
Marine coatings
Paints coating equipment
Source: Annual report, company website, primary and secondary research © Timetric/
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Kansai manufactures and markets paints across Japan, Asia, Americas and Europe. The company‟s main
strengths are its broad product portfolio, focus on research and development activities, strong financial
leverage and strong operating performance. Meanwhile, its main weakness is its overdependence on Japan.
The company has opportunities to grow from the positive Chinese automotive industry and growth prospects
in emerging markets. However, the company‟s operations may be threatened by the increasing prices of raw
materials and labor problems in China.
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JPY1,646.00 million in FY2011 compared to its total equity of JPY1,67,194.00 million. In addition, the
company‟s long-term debt reduced from JPY811.00 million in FY2010 to JPY372.00 million in FY2011.
Kansai‟s strong solvency position indicates its utilization of lower financial leverage and stronger equity
position, providing it with a relatively high creditworthiness.
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and projected to grow by 9.60% in 2011 and 9.50% in 2012. The economic growth of these regions will also
increase the ability of people to buy houses in developing countries. The company‟s Asia-Pacific region
accounted for 16.95% of the company‟s total revenues. Kansai manufactures and supplies all kinds of paints
commercial and residential uses, and the growth of residential construction should increase the demand for
its products in these regions.
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Benjamin Moore & Co. (Benjamin Moore) is a manufacturer and distributor of paints and coatings, which is
based in the US. It provides paints, stains, finishes and primers under the brand names Aura and Natura.
The company operates six plants and 22 distribution facilities and sells its products through a network of
4000 retailers. It also has operations in the US, Canada and Puerto Rico. Benjamin Moore is headquartered
at Montvale, New Jersey, the US.
Benjamin Moore is a paints and coatings manufacturer. The company's key products include:
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Kelly-Moore Paint Company Inc. (Kelly-Moore) is a paint manufacturing company which is based in the US.
The company produces and distributes paints, such as architectural paints, industrial coatings, clear
coatings, eCoat recycled paint and specialty coatings. Kelly-Moore‟s product portfolio includes 400 types of
paints, finishes and sundries to professional contractors and painters. The company operates through 157
store locations in the US. Kelly-Moore is headquartered in San Carlos, California, the US.
Kelly-Moore manufactures paints and paint related products. The main products offered by the company
include:
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Duron Paints & Wallcoverings (DPW) is a manufacturer of paints and coatings, which is based in the US.
The company's product portfolio includes paints, stains, varnishes, primers, caulks, sealants, adhesives and
specialty wall coatings. It offers its products to contractors, builders, architects and designers for
commercial, institutional and residential applications. The company operates as a business unit of The
Sherwin-Williams Company. DPW is headquartered in Beltsville, Maryland, the US.
DPW is a manufacturer of paints and coatings. The company's key products and brands include:
Table 312: Duron Paints & Wallcoverings, Main Products and Brands
Products Brands
Stains Signature Select
Varnishes Genesis Odor-Free
Primers Plastic Kote
Caulks Design Accents
Sealants Everlast
Adhesives Ultra Deluxe
Specialty wall coatings Supreme Max33 Interior Latex
Porch & Floor
Pro Kote Supreme
Impressions Plus
Source: Annual report, company website, primary and secondary research © Timetric/
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19 Appendix
19.1 Methodology
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industry background in marketing, market research, consulting and advanced statistical expertise.
Timetric adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the
Society of Competitive Intelligence Professionals (www.scip.org).
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