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EXECUTIVE SUMMARY

Global Construction Paints and


Coatings – Market Opportunities and
Business Environment, Analyses and
Forecasts to 2016
Global Sector Report

Reference code: CN0109SR

Published: December 2011

www.timetric.com

Timetric
John Carpenter House
7 Carmelite Street
London EC4Y 0BS
United Kingdom
Tel: +44 (0)20 7936 6400
Fax: +44 (0)20 7336 6813

www.timetric.com
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.

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EXECUTIVE SUMMARY

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.

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TABLE OF CONTENTS

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY ......................................................................................................... 2


2 INTRODUCTION ................................................................................................................... 23
2.1 What is this Report About? ............................................................................................................. 23
2.2 Definitions....................................................................................................................................... 23
2.3 Methodology ................................................................................................................................... 24
3 Global Paints and Coatings Market Analysis .................................................................... 26
3.1 Global Paints and Coatings Market Overview ................................................................................. 26
3.2 Paints and Coatings Market Size .................................................................................................... 29
3.2.1 Paints and coatings market size by value ................................................................................................ 29
3.2.2 Paints and coatings market size by value by category ............................................................................ 31
3.2.3 Paints and coatings market size by volume ............................................................................................. 33
3.2.4 Paints and coatings market size by volume by category ......................................................................... 35
3.3 Global Paints and Coatings Production Value................................................................................. 37
3.3.1 Global paints and coatings production value ........................................................................................... 37
3.3.2 Global paints and coatings production value by category ........................................................................ 39
3.3.3 Paints and coatings production by volume ............................................................................................... 41
3.3.4 Paints and coatings production volume by category ................................................................................ 43
4 North America ...................................................................................................................... 45
4.1 North America Regional Analysis.................................................................................................... 45
4.1.1 North America paints and coatings market dynamics .............................................................................. 46
4.2 Paints and Coatings Market Size .................................................................................................... 47
4.2.1 Paints and coatings market size by value ................................................................................................ 47
4.2.2 Paints and coatings market size by value by category ............................................................................ 49
4.2.3 Paints and coatings market size by volume ............................................................................................. 51
4.2.4 Paints and coatings market size by volume by category ......................................................................... 53
4.3 North America Paints and Coatings Production Value .................................................................... 55
4.3.1 North America paints and coatings production value ............................................................................... 55
4.3.2 North America paints and coatings production value by category ........................................................... 57
4.3.3 Paints and coatings production by volume ............................................................................................... 59
4.3.4 Paints and coatings production volume by category ................................................................................ 61
4.4 United States .................................................................................................................................. 63
4.4.1 Paints and coatings market size by value ................................................................................................ 63
4.4.2 Paints and coatings market size by value by category ............................................................................ 65
4.4.3 Paints and coatings market size by volume ............................................................................................. 66
4.4.4 Paints and coatings market size by volume by category ......................................................................... 68
4.5 Canada ........................................................................................................................................... 69
4.5.1 Paints and coatings market size by value ................................................................................................ 69
4.5.2 Paints and coatings market size by value by category ............................................................................ 71

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4.5.3 Paints and coatings market size by volume ............................................................................................. 72


4.5.4 Paints and coatings market size by volume by category ......................................................................... 74
5 Europe .................................................................................................................................. 75
5.1 Europe Regional Analysis ............................................................................................................... 75
5.1.1 Europe paints and coatings market dynamics ......................................................................................... 77
5.2 Paints and Coatings Market Size .................................................................................................... 78
5.2.1 Paints and coatings market size by value ................................................................................................ 78
5.2.2 Paints and coatings market size by value by category ............................................................................ 80
5.2.3 Paints and coatings market size by volume ............................................................................................. 82
5.2.4 Paints and coatings market size by volume by category ......................................................................... 84
5.3 Europe Paints and Coatings Production Value ............................................................................... 86
5.3.1 Europe paints and coatings production value .......................................................................................... 86
5.3.2 Europe paints and coatings production value by category ...................................................................... 88
5.3.3 Paints and coatings production by volume ............................................................................................... 90
5.3.4 Paints and coatings production volume by category ................................................................................ 92
5.4 Germany......................................................................................................................................... 94
5.4.1 Paints and coatings market size by value ................................................................................................ 94
5.4.2 Paints and coatings market size by value by category ............................................................................ 96
5.4.3 Paints and coatings market size by volume ............................................................................................. 97
5.4.4 Paints and coatings market size by volume by category ......................................................................... 99
5.5 Spain ............................................................................................................................................ 100
5.5.1 Paints and coatings market size by value .............................................................................................. 100
5.5.2 Paints and coatings market size by value by category .......................................................................... 102
5.5.3 Paints and coatings market size by volume ........................................................................................... 103
5.5.4 Paints and coatings market size by volume by category ....................................................................... 105
5.6 France .......................................................................................................................................... 106
5.6.1 Paints and coatings market size by value .............................................................................................. 106
5.6.2 Paints and coatings market size by value by category .......................................................................... 108
5.6.3 Paints and coatings market size by volume ........................................................................................... 109
5.6.4 Paints and coatings market size by volume by category ....................................................................... 111
5.7 Italy............................................................................................................................................... 112
5.7.1 Paints and coatings market size by value .............................................................................................. 112
5.7.2 Paints and coatings market size by value by category .......................................................................... 114
5.7.3 Paints and coatings market size by volume ........................................................................................... 115
5.7.4 Paints and coatings market size by volume by category ....................................................................... 117
5.8 The United Kingdom ..................................................................................................................... 118
5.8.1 Paints and coatings market size by value .............................................................................................. 118
5.8.2 Paints and coatings market size by value by category .......................................................................... 120
5.8.3 Paints and coatings market size by volume ........................................................................................... 121
5.8.4 Paints and coatings market size by volume by category ....................................................................... 123
5.9 Croatia .......................................................................................................................................... 124

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5.9.1 Paints and coatings market size by value .............................................................................................. 124


5.9.2 Paints and coatings market size by value by category .......................................................................... 126
5.9.3 Paints and coatings market size by volume ........................................................................................... 127
5.9.4 Paints and coatings market size by volume by category ....................................................................... 129
5.10 Russia .......................................................................................................................................... 130
5.10.1 Paints and coatings market size by value .............................................................................................. 130
5.10.2 Paints and coatings market size by value by category .......................................................................... 132
5.10.3 Paints and coatings market size by volume ........................................................................................... 133
5.10.4 Paints and coatings market size by volume by category ....................................................................... 135
5.11 Poland .......................................................................................................................................... 136
5.11.1 Paints and coatings market size by value .............................................................................................. 136
5.11.2 Paints and coatings market size by value by category .......................................................................... 138
5.11.3 Paints and coatings market size by volume ........................................................................................... 139
5.11.4 Paints and coatings market size by volume by category ....................................................................... 141
5.12 Hungary ........................................................................................................................................ 142
5.12.1 Paints and coatings market size by value .............................................................................................. 142
5.12.2 Paints and coatings market size by value by category .......................................................................... 144
5.12.3 Paints and coatings market size by volume ........................................................................................... 145
5.12.4 Paints and coatings market size by volume by category ....................................................................... 147
5.13 Switzerland ................................................................................................................................... 148
5.13.1 Paints and coatings market size by value .............................................................................................. 148
5.13.2 Paints and coatings market size by value by category .......................................................................... 150
5.13.3 Paints and coatings market size by volume ........................................................................................... 151
5.13.4 Paints and coatings market size by volume by category ....................................................................... 153
5.14 Netherlands .................................................................................................................................. 154
5.14.1 Paints and coatings market size by value .............................................................................................. 154
5.14.2 Paints and coatings market size by value by category .......................................................................... 156
5.14.3 Paints and coatings market size by volume ........................................................................................... 157
5.14.4 Paints and coatings market size by volume by category ....................................................................... 159
6 Asia-Pacific ........................................................................................................................ 160
6.1 Asia-Pacific Regional Analysis ...................................................................................................... 160
6.1.1 Asia-Pacific paints and coatings market dynamics ................................................................................ 162
6.2 Paints and Coatings Market Size .................................................................................................. 163
6.2.1 Paints and coatings market size by value .............................................................................................. 163
6.2.2 Paints and coatings market size by value by category .......................................................................... 165
6.2.3 Paints and coatings market size by volume ........................................................................................... 167
6.2.4 Paints and coatings market size by volume by category ....................................................................... 169
6.3 Asia-Pacific Paints and Coatings Production Value ...................................................................... 171
6.3.1 Asia-Pacific paints and coatings production value ................................................................................. 171
6.3.2 Asia-Pacific paints and coatings production value by category ............................................................. 173
6.3.3 Paints and coatings production by volume ............................................................................................. 175

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6.3.4 Paints and coatings production volume by category .............................................................................. 177


6.4 China ............................................................................................................................................ 179
6.4.1 Paints and coatings market size by value .............................................................................................. 179
6.4.2 Paints and coatings market size by value by category .......................................................................... 181
6.4.3 Paints and coatings market size by volume ........................................................................................... 182
6.4.4 Paints and coatings market size by volume by category ....................................................................... 184
6.5 India ............................................................................................................................................. 185
6.5.1 Paints and coatings market size by value .............................................................................................. 185
6.5.2 Paints and coatings market size by value by category .......................................................................... 187
6.5.3 Paints and coatings market size by volume ........................................................................................... 188
6.5.4 Paints and coatings market size by volume by category ....................................................................... 190
6.6 Japan ........................................................................................................................................... 191
6.6.1 Paints and coatings market size by value .............................................................................................. 191
6.6.2 Paints and coatings market size by value by category .......................................................................... 193
6.6.3 Paints and coatings market size by volume ........................................................................................... 194
6.6.4 Paints and coatings market size by volume by category ....................................................................... 196
6.7 South Korea ................................................................................................................................. 197
6.7.1 Paints and coatings market size by value .............................................................................................. 197
6.7.2 Paints and coatings market size by value by category .......................................................................... 199
6.7.3 Paints and coatings market size by volume ........................................................................................... 200
6.7.4 Paints and coatings market size by volume by category ....................................................................... 202
6.8 Australia ....................................................................................................................................... 203
6.8.1 Paints and coatings market size by value .............................................................................................. 203
6.9.1 Paints and coatings market size by value by category .......................................................................... 205
6.9.2 Paints and coatings market size by volume ........................................................................................... 206
6.9.3 Paints and coatings market size by volume by category ....................................................................... 208
6.10 Indonesia ...................................................................................................................................... 209
6.10.1 Paints and coatings market size by value .............................................................................................. 209
6.10.2 Paints and coatings market size by value by category .......................................................................... 211
6.10.3 Paints and coatings market size by volume ........................................................................................... 212
6.10.4 Paints and coatings market size by volume by category ....................................................................... 214
6.11 Malaysia ....................................................................................................................................... 215
6.11.1 Paints and coatings market size by value .............................................................................................. 215
6.11.2 Paints and coatings market size by value by category .......................................................................... 217
6.11.3 Paints and coatings market size by volume ........................................................................................... 218
6.11.4 Paints and coatings market size by volume by category ....................................................................... 220
6.12 Philippines .................................................................................................................................... 221
6.12.1 Paints and coatings market size by value .............................................................................................. 221
6.12.2 Paints and coatings market size by value by category .......................................................................... 223
6.12.3 Paints and coatings market size by volume ........................................................................................... 224
6.12.4 Paints and coatings market size by volume by category ....................................................................... 226

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7 Latin America ..................................................................................................................... 227


7.1 Latin America Regional Analysis................................................................................................... 227
7.1.1 Latin American paints and coatings market dynamics ........................................................................... 229
7.2 Paints and Coatings Market Size .................................................................................................. 230
7.2.1 Paints and coatings market size by value .............................................................................................. 230
7.2.2 Paints and coatings market size by value by category .......................................................................... 232
7.2.3 Paints and coatings market size by volume ........................................................................................... 234
7.2.4 Paints and coatings market size by volume by category ....................................................................... 236
7.3 Latin American Paints and Coatings Production Value ................................................................. 238
7.3.1 Latin American paints and coatings production value ............................................................................ 238
7.3.2 Latin American paints and coatings production value by category ........................................................ 240
7.3.3 Paints and coatings production by volume ............................................................................................. 242
7.3.4 Paints and coatings production volume by category .............................................................................. 244
7.4 Brazil ............................................................................................................................................ 246
7.4.1 Paints and coatings market size by value .............................................................................................. 246
7.4.2 Paints and coatings market size by value by category .......................................................................... 248
7.4.3 Paints and coatings market size by volume ........................................................................................... 249
7.4.4 Paints and coatings market size by volume by category ....................................................................... 251
7.5 Argentina ...................................................................................................................................... 252
7.5.1 Paints and coatings market size by value .............................................................................................. 252
7.5.2 Paints and coatings market size by value by category .......................................................................... 254
7.5.3 Paints and coatings market size by volume ........................................................................................... 255
7.5.4 Paints and coatings market size by volume by category ....................................................................... 257
7.6 Colombia ...................................................................................................................................... 258
7.6.1 Paints and coatings market size by value .............................................................................................. 258
7.6.2 Paints and coatings market size by value by category .......................................................................... 260
7.6.3 Paints and coatings market size by volume ........................................................................................... 261
7.6.4 Paints and coatings market size by volume by category ....................................................................... 263
7.7 Mexico .......................................................................................................................................... 264
7.7.1 Paints and coatings market size by value .............................................................................................. 264
7.7.2 Paints and coatings market size by value by category .......................................................................... 266
7.7.3 Paints and coatings market size by volume ........................................................................................... 267
7.7.4 Paints and coatings market size by volume by category ....................................................................... 269
8 Middle East ......................................................................................................................... 270
8.1 Middle East Regional Analysis ...................................................................................................... 270
8.1.1 Middle East paints and coatings market dynamics ................................................................................ 272
8.2 Paints and Coatings Market Size .................................................................................................. 273
8.2.1 Paints and coatings market size by value .............................................................................................. 273
8.2.2 Paints and coatings market size by value by category .......................................................................... 275
8.2.3 Paints and coatings market size by volume ........................................................................................... 277
8.2.4 Paints and coatings market size by volume by category ....................................................................... 279

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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
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9.6.1 Akzo Nobel NV – key competitors .......................................................................................................... 326


9.6.2 Akzo Nobel NV – key employees ........................................................................................................... 327
10 Company Profile: PPG Industries Inc. ............................................................................. 328
10.1 PPG Industries Inc. – Company Overview .................................................................................... 328
10.2 PPG Industries Inc. – Business Description .................................................................................. 328
10.3 PPG Industries Inc. – Main Products and Brands ......................................................................... 330
10.4 PPG Industries Inc. – History ........................................................................................................ 331
10.5 PPG Industries Inc. – SWOT Analysis .......................................................................................... 333
10.5.1 PPG Industries Inc. – strengths.............................................................................................................. 333
10.5.2 PPG Industries Inc. – weaknesses......................................................................................................... 334
10.5.3 PPG Industries Inc. – opportunities ........................................................................................................ 334
10.5.4 PPG Industries Inc. – threats ................................................................................................................. 335
10.6 PPG Industries Inc. – Company Information ................................................................................. 336
10.6.1 PPG Industries Inc. – key competitors ................................................................................................... 336
10.6.2 PPG Industries Inc. – key employees .................................................................................................... 336
11 Company Profile: The Sherwin-Williams Company ........................................................ 338
11.1 The Sherwin-Williams Company – Company Overview ................................................................ 338
11.2 The Sherwin-Williams Company – Business Description .............................................................. 338
11.3 The Sherwin-Williams Company – Main Products, Services and Brands ...................................... 339
11.4 The Sherwin-Williams Company – History .................................................................................... 340
11.5 The Sherwin-Williams Company – SWOT Analysis ...................................................................... 341
11.5.1 The Sherwin-Williams Company – strengths ......................................................................................... 341
11.5.2 The Sherwin-Williams Company – weaknesses .................................................................................... 342
11.5.3 The Sherwin-Williams Company – opportunities ................................................................................... 342
11.5.4 The Sherwin-Williams Company – threats ............................................................................................. 343
11.6 The Sherwin-Williams Company – Company Information ............................................................. 343
11.6.1 The Sherwin-Williams Company – key competitors ............................................................................... 343
11.6.2 The Sherwin-Williams Company – key employees ................................................................................ 344
12 Company Profile: RPM International Inc. ........................................................................ 345
12.1 RPM International Inc. – Company Overview................................................................................ 345
12.2 RPM International Inc. – Business Description ............................................................................. 345
12.3 RPM International Inc. – Main Products, Services and Brands ..................................................... 346
12.4 RPM International Inc. – History ................................................................................................... 348
12.5 RPM International Inc. – SWOT Analysis...................................................................................... 350
12.5.1 RPM International Inc. – strengths ......................................................................................................... 350
12.5.2 RPM International Inc. – weaknesses .................................................................................................... 351
12.5.3 RPM International Inc. – opportunities ................................................................................................... 351
12.5.4 RPM International Inc. – threats ............................................................................................................. 351
12.6 RPM International Inc. – Company Information............................................................................. 352
12.6.1 RPM International Inc. – key competitors .............................................................................................. 352

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12.6.2 RPM International Inc. – key employees ................................................................................................ 353


13 Company Profile: The Valspar Corporation .................................................................... 354
13.1 The Valspar Corporation – Company Overview ............................................................................ 354
13.2 The Valspar Corporation – Business Description .......................................................................... 354
13.3 The Valspar Corporation – Main Products and Brands ................................................................. 356
13.4 The Valspar Corporation – History ................................................................................................ 356
13.5 The Valspar Corporation – SWOT Analysis .................................................................................. 358
13.5.1 The Valspar Corporation – strengths ..................................................................................................... 358
13.5.2 The Valspar Corporation – weaknesses ................................................................................................ 359
13.5.3 The Valspar Corporation – opportunities ............................................................................................... 359
13.5.4 The Valspar Corporation – threats ......................................................................................................... 360
13.6 The Valspar Corporation – Company Information ......................................................................... 361
13.6.1 The Valspar Corporation – key competitors ........................................................................................... 361
13.6.2 The Valspar Corporation – key employees ............................................................................................ 362
14 Company Profile: Nippon Paint Co. Ltd ........................................................................... 363
14.1 Nippon Paint Co. Ltd – Company Overview .................................................................................. 363
14.2 Nippon Paint Co. Ltd – Business Description ................................................................................ 363
14.3 Nippon Paint Co. Ltd – Main Products .......................................................................................... 364
14.4 Nippon Paint Co. Ltd – History ...................................................................................................... 365
14.5 Nippon Paint Co. Ltd – SWOT Analysis ........................................................................................ 366
14.5.1 Nippon Paint Co. Ltd – strengths ........................................................................................................... 366
14.5.2 Nippon Paint Co. Ltd – weaknesses ...................................................................................................... 367
14.5.3 Nippon Paint Co. Ltd – opportunities ..................................................................................................... 367
14.5.4 Nippon Paint Co. Ltd – threats ............................................................................................................... 368
14.6 Nippon Paint Co. Ltd – Company Information ............................................................................... 368
14.6.1 Nippon Paint Co. Ltd – key competitors ................................................................................................. 368
14.6.2 Nippon Paint Co. Ltd – key employees .................................................................................................. 368
15 Company Profile: Kansai Paint Co. Ltd ........................................................................... 370
15.1 Kansai Paint Co. Ltd – Company Overview .................................................................................. 370
15.2 Kansai Paint Co. Ltd – Business Description ................................................................................ 370
15.3 Kansai Paint Co. Ltd – Main Products and Services ..................................................................... 371
15.4 Kansai Paint Co. Ltd – History ...................................................................................................... 371
15.5 Kansai Paint Co. Ltd – SWOT Analysis ........................................................................................ 373
15.5.1 Kansai Paint Co. Ltd – strengths ............................................................................................................ 373
15.5.2 Kansai Paint Co. Ltd – weaknesses ....................................................................................................... 374
15.5.3 Kansai Paint Co. Ltd – opportunities ...................................................................................................... 374
15.5.4 Kansai Paint Co. Ltd – threats................................................................................................................ 375
15.6 Kansai Paint Co. Ltd – Company Information ............................................................................... 375
15.6.1 Kansai Paint Co. Ltd – key competitors ................................................................................................. 375
15.6.2 Kansai Paint Co. Ltd – key employees .................................................................................................. 375

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 11

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Published: December 2011
TABLE OF CONTENTS

16 Company Profile: Benjamin Moore & Co. ........................................................................ 377


16.1 Benjamin Moore & Co. – Company Overview ............................................................................... 377
16.2 Benjamin Moore & Co. – Main Products ....................................................................................... 377
16.3 Benjamin Moore & Co. – Company Information ............................................................................ 377
16.3.1 Benjamin Moore & Co. – key competitors .............................................................................................. 377
16.3.2 Benjamin Moore & Co. – key employees ............................................................................................... 378
17 Company Profile: Kelly-Moore Paint Company Inc. ....................................................... 379
17.1 Kelly-Moore Paint Company Inc. – Company Overview ................................................................ 379
17.2 Kelly-Moore Paint Company Inc. – Main Products ........................................................................ 379
17.3 Kelly-Moore Paint Company Inc. – Company Information ............................................................. 379
17.3.1 Kelly-Moore Paint Company Inc. – key competitors .............................................................................. 379
17.3.2 Kelly-Moore Paint Company Inc. – key employees................................................................................ 379
18 Company Profile: Duron Paints & Wallcoverings ........................................................... 381
18.1 Duron Paints & Wallcoverings – Company Overview .................................................................... 381
18.2 Duron Paints & Wallcoverings – Main Products and Brands ......................................................... 381
18.3 Duron Paints & Wallcoverings – Company Information ................................................................. 382
18.3.1 Duron Paints & Wallcoverings – key competitors .................................................................................. 382
18.3.2 Duron Paints & Wallcoverings – key employees .................................................................................... 382
19 Appendix ............................................................................................................................ 383
19.1 Methodology ................................................................................................................................. 383
19.2 Contact us .................................................................................................................................... 383
19.3 About Timetric .............................................................................................................................. 383
19.4 Disclaimer ..................................................................................................................................... 384

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 12

© Timetric. This product is licensed and is not to be photocopied


Published: December 2011
TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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Published: December 2011
TABLE OF CONTENTS

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

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Published: December 2011
TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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Analyses and Forecasts to 2016 Page 18

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TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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TABLE OF CONTENTS

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

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INTRODUCTION

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:

North America – United States and Canada


Europe – Germany, Spain, France, Italy, the United Kingdom, Croatia, Russia, Poland, Hungary,
Switzerland and the Netherlands
Asia-Pacific – Australia, China, Japan, India, Indonesia, Malaysia, the Philippines and South Korea
Latin America – Argentina, Brazil, Colombia and Mexico
The Middle East – Saudi Arabia, the United Arab Emirates, Qatar, Bahrain and Turkey

2.2 Definitions

For the purposes of this report, the following timeframes apply:

Review Period: 2007 to 2011

Forecast Period: 2012 to 2016

Base Year: 2011

The global paints and coatings market can be categorized as follows:

Water-based paints and coatings


Solvent-based paints and coatings

The paints and coatings can be defined as follows:

1. Water-based paints and coatings:


The Water-borne paints and coatings, also known as acrylic paint and coatings, contain water as the
paint diluents, and also include water-based varnishes, lacquers, enamels, stains, sealers and
primers. Water-borne paints and coatings are non-toxic and non-combustible and are characterized
by lesser drying time as compared to solvent-borne paints and coatings.

2. Solvent-based paints and coatings:


The Solvent-borne paints and coatings, also commonly referred to as oil-based paints and coatings,
contain up to 80% of solid constituents (pigments, additives and binders) dispersed or dissolved in
the organic solvent such as esters, petroleum distillate, glycol ethers, and others. This also includes

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INTRODUCTION

solvent-based varnishes, lacquers, enamels, stains, sealers and primers.

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

Review of in-house databases to gather existing data:


o Historic market databases and reports
o Company database

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

C. Data consolidation and verification

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Analyses and Forecasts to 2016 Page 24

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INTRODUCTION

Consolidation of data and opinion to create historical datasets


Creation of models to benchmark data across sectors and geographies

3) Analysis

A. Market forecasts

Feeding forecast data into market models:


o Macroeconomic indicators
o Industry-specific drivers

Analysis of construction industry database to identify trends:


o Latest construction trends
o Key construction industry drivers

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

B. Quality Control process


Peer review
Senior-level QC
Random spot checks on data integrity
Benchmark checks across databases
Market data cross-checked for consistency with accumulated data from:
o Company filings
o Government sources

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Analyses and Forecasts to 2016 Page 25

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

3 Global Paints and Coatings Market Analysis


3.1 Global Paints and Coatings Market Overview

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.

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GLOBAL PAINTS AND COATINGS ANALYSIS

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

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GLOBAL PAINTS AND COATINGS ANALYSIS

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.

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.2 Paints and Coatings Market Size

3.2.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 29

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GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 30

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 32

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 35

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 36

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

3.3 Global Paints and Coatings Production Value

3.3.1 Global paints and coatings production value

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

Source: Timetric analysis © Timetric

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 38

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.3.2 Global paints and coatings production value by category

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

Source: Timetric analysis / © Timetric

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 40

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

3.3.3 Paints and coatings production by volume

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

Source: Timetric analysis © Timetric

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis © Timetric

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GLOBAL PAINTS AND COATINGS ANALYSIS

3.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 43

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Published: December 2011
GLOBAL PAINTS AND COATINGS ANALYSIS

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

Source: Timetric analysis / © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.1.1 North America paints and coatings market dynamics

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

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.2 Paints and Coatings Market Size

4.2.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.3 North America Paints and Coatings Production Value

4.3.1 North America paints and coatings production value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.3.2 North America paints and coatings production value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

4.3.3 Paints and coatings production by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.4 United States

4.4.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.4.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.4.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.4.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.5 Canada

4.5.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.5.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.5.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

4.5.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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
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PAINTS AND COATINGS REGIONAL ANALYSIS

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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.1.1 Europe paints and coatings market dynamics

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

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.2 Paints and Coatings Market Size

5.2.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 84

© Timetric. This product is licensed and is not to be photocopied


Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 85

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.3 Europe Paints and Coatings Production Value

5.3.1 Europe paints and coatings production value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 86

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 87

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.3.2 Europe paints and coatings production value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 88

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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%

Overall 14,257.4 14,564.5 15,020.4 15,592.9 16,184.2 16,897.2 3.46%

Source: Timetric analysis / © Timetric

Figure 59: Europe Paints and Coatings Production Value by Category (%), 2011–2016

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 89

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.3.3 Paints and coatings production by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 90

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 91

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 92

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 93

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.4 Germany

5.4.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 94

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 95

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.4.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 96

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.4.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 97

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 98

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.4.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 99

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.5 Spain

5.5.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 100

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 101

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.5.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 102

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.5.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 103

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 104

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.5.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 105

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.6 France

5.6.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 106

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 107

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.6.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 108

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.6.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 109

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 110

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.6.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 111

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.7 Italy

5.7.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 112

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 113

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.7.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 114

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.7.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 115

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 116

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.7.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 117

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.8 The United Kingdom

5.8.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 118

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 119

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.8.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 120

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.8.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 121

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 122

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.8.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 123

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.9 Croatia

5.9.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 124

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 125

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.9.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 126

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.9.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 127

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 128

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.9.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 129

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.10 Russia

5.10.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 130

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 131

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.10.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 132

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.10.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 133

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 134

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.10.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 135

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.11 Poland

5.11.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 136

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 137

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.11.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 138

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.11.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.11.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.12 Hungary

5.12.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.12.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.12.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.12.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

5.13 Switzerland

5.13.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.13.2 Paints and coatings market size by value by category

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

Water-based paints and coatings 140.5 148.3 167.4

Overall 420.8 400.1 449.1


Source: Timetric analysis / © Timetric

Figure 120: Swiss Paints and Coatings Market Size by Category (%), 2007, 2011 and 2016

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.13.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.13.4 Paints and coatings market size by volume by category

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

Water-based paints and coatings 60.9 57.2 62.4

Overall 112.6 102.3 112.2


Source: Timetric analysis / © Timetric

Figure 123: Swiss Paints and Coatings Market Size by Volume by Category (%), 2007, 2011 and
2016

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.14 Netherlands

5.14.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.14.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.14.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

5.14.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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
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PAINTS AND COATINGS REGIONAL ANALYSIS

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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

6.1.1 Asia-Pacific paints and coatings market dynamics

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

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PAINTS AND COATINGS REGIONAL ANALYSIS

6.2 Paints and Coatings Market Size

6.2.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

6.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 165

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 166

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 167

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 168

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 169

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 170

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.3 Asia-Pacific Paints and Coatings Production Value

6.3.1 Asia-Pacific paints and coatings production value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 171

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 172

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.3.2 Asia-Pacific paints and coatings production value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 173

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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%

Overall 20,266.4 22,208.4 24,474.8 27,132.0 30,234.4 33,538.2 10.60%

Source: Timetric analysis / © Timetric

Figure 142: Asia-Pacific Paints and Coatings Production Value by Category (%), 2011–2016

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 174

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.3.3 Paints and coatings production by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 175

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 176

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 177

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 178

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.4 China

6.4.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 179

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 180

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.4.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 181

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.4.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 182

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 183

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.4.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 184

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.5 India

6.5.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 185

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 186

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.5.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 187

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.5.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 188

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 189

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.5.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 190

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.6 Japan

6.6.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 191

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 192

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.6.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 193

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.6.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 194

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 195

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.6.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 196

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.7 South Korea

6.7.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 197

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 198

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.7.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 199

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.7.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 200

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 201

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.7.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 202

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.8 Australia

6.8.1 Paints and coatings market size by value

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%

Source: Timetric analysis / © Timetric

Figure 171: Australian Paints and Coatings Market Size (US$ Million), 2007–2011

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 203

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 204

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.9.1 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 205

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.9.2 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 206

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 207

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.9.3 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 208

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.10 Indonesia

6.10.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 209

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 210

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.10.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 211

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.10.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 212

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 213

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.10.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 214

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.11 Malaysia

6.11.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 215

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 216

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.11.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 217

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.11.3 Paints and coatings market size by volume

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 218

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 219

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

6.11.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

6.12 Philippines

6.12.1 Paints and coatings market size by value

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

Source: Timetric analysis / © Timetric

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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

Source: Timetric analysis / © Timetric

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6.12.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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6.12.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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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

Source: Timetric analysis © Timetric

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6.12.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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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
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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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

7.1.1 Latin American paints and coatings market dynamics

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

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7.2 Paints and Coatings Market Size

7.2.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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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

Source: Timetric analysis © Timetric

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7.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis © Timetric

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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%

Source: Timetric analysis © Timetric

Figure 199: Latin American Paints and Coatings Market Size by Category (%), 2011–2016

Source: Timetric analysis © Timetric

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7.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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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

Source: Timetric analysis © Timetric

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7.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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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

Source: Timetric analysis © Timetric

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7.3 Latin American Paints and Coatings Production Value

7.3.1 Latin American paints and coatings production value

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

Source: Timetric analysis © Timetric

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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

Source: Timetric analysis © Timetric

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7.3.2 Latin American paints and coatings production value by category

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

Source: Timetric analysis © Timetric

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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%

Overall 3,938.1 4,060.1 4,194.4 4,339.5 4,508.0 4,686.3 3.54%


Source: Timetric analysis © Timetric

Figure 207: Latin American Paints and Coatings Production Value by Category (%), 2011–2016

Source: Timetric analysis © Timetric

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7.3.3 Paints and coatings production by volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 243

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 244

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 245

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.4 Brazil

7.4.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 246

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 247

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.4.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 248

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.4.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 249

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 250

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.4.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 251

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.5 Argentina

7.5.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 252

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 253

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PAINTS AND COATINGS REGIONAL ANALYSIS

7.5.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 254

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.5.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 255

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 256

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.5.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 257

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.6 Colombia

7.6.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 258

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 259

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.6.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 260

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.6.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 261

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 262

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.6.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 263

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.7 Mexico

7.7.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

Global Construction Paints and Coatings – Market Opportunities and Business Environment,
Analyses and Forecasts to 2016 Page 264

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 265

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PAINTS AND COATINGS REGIONAL ANALYSIS

7.7.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 266

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.7.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 267

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 268

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

7.7.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 269

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

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.

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.1.1 Middle East paints and coatings market dynamics

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

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.2 Paints and Coatings Market Size

8.2.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.2.2 Paints and coatings market size by value by category

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.2.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.2.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.3 Middle East Paints and Coatings Production Value

8.3.1 Middle East paints and coatings production value

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.3.2 Middle East paints and coatings production value by category

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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%

Overall 1,860.6 1,986.2 2,117.5 2,277.4 2,454.9 2,639.8 7.25%


Source: Timetric analysis © Timetric

Figure 248: Middle East Paints and Coatings Production Value by Category (%), 2011–2016

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.3.3 Paints and Coatings Production by Volume

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.3.4 Paints and coatings production volume by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis / © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.4 Saudi Arabia

8.4.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 289

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.4.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.4.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 292

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 293

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.4.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 294

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.5 United Arab Emirates

8.5.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 295

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 296

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.5.2 Paints and coatings market size by value by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 297

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.5.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 298

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 299

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.5.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 300

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.6 Qatar

8.6.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 301

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 302

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.6.2 Paints and coatings market size by value by category

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

Source: Timetric analysis / © Timetric

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Analyses and Forecasts to 2016 Page 303

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.6.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.6.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 306

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.7 Bahrain

8.7.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 307

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.7.2 Paints and coatings market size by value by category

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.7.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.7.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.8 Turkey

8.8.1 Paints and coatings market size by value

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 313

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 314

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PAINTS AND COATINGS REGIONAL ANALYSIS

8.8.2 Paints and coatings market size by value by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 315

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.8.3 Paints and coatings market size by volume

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 316

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 317

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Published: December 2011
PAINTS AND COATINGS REGIONAL ANALYSIS

8.8.4 Paints and coatings market size by volume by category

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

Source: Timetric analysis © Timetric

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Analyses and Forecasts to 2016 Page 318

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Published: December 2011
COMPANY PROFILES

9 Company Profile: Akzo Nobel NV

9.1 Akzo Nobel NV – Company Overview

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.

Table 277: Akzo Nobel NV, Key Facts


Corporate Address Strawinskylaan, 2555, Amsterdam, 75730, Netherlands
Telephone +31 20 5027555
Fax Not available
URL www.akzonobel.com
Industry Building materials
Ticker Symbol, Exchange AKZA, Euronext Amsterdam Stock Exchange
No. of Employees 55590
Fiscal Year End December
Revenue (US$ Million) 19,520.00
Locations USA, Germany, the Netherlands and the UK
Source: Annual report, company website, primary and secondary research © Timetric

9.2 Akzo Nobel NV – Business Description

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,

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Published: December 2011
COMPANY PROFILES

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.

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9.3 Akzo Nobel NV – Main Products and Brands

Akzo Nobel is one of the largest coatings manufacturers in the world. The company‟s key products and
brands include:

Table 278: Akzo Nobel NV, Main Products and Brands


Products Brands
Decorative paints: Decorative Paints:
Paints Corrostop
Lacquers Metalmaster
Varnishes Corrostop Ultra
Adhesives Crystalex & Maxithane
Floor leveling compounds Devoe Paint
Performance coating products: Dulux
Industrial finishes Flexa
Powder coatings marine and protective coatings Flood
Car refinishes Glidden
Packaging coatings Hammerite
Specialty chemicals: Levis
Functional chemicals Liquid Nails
Pulp and paper chemicals Marshall
Industrial chemicals Mulco
Surface chemicals Ralph Lauren Paint
Polymer chemicals Sadolin
Pulp bleaching chemicals Schonox
Surfactants Sico
Caustic soda Sikkens
Chlorine dimethyl The Freshaire Choice
Ether Tintas Coral
Hydrochloric acid Trimetal
Salt sodium hypochlorite Performance Coatings:
Water treatment chemicals AkzoNobel
Aerospace Coatings
Awlgrip
Casco Adhesives
Chartek
Devoe Coatings
Interlux
International
Interpon
Lesonal
Resicoat
Sikkens Car Refinishes
StickerFix
Wanda
Source: Annual report, company website, primary and secondary research © Timetric

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9.4 Akzo Nobel NV – History

Table 279: Akzo Nobel NV, History


Year Event type Description
2010 Divestiture The company sold its National Starch business to Corn Products International.
2010 Acquisitions/Mergers/Takeovers The company completed the acquisition of the powder coatings business from Dow
Chemical Company.
2009 Acquisitions/Mergers/Takeovers AkzoNobel completed the acquisition of the business and assets of LII Europe,
which is based in Germany.
2009 Acquisitions/Mergers/Takeovers AkzoNobel Industrial acquired the wood adhesives activities of Kronochem
2009 Divestiture AkzoNobel divested the PTA activities of its Chemicals Pakistan business to the
Korean company, KP Chemical Corporation (KPC).
2009 Acquisitions/Mergers/Takeovers AkzoNobel‟s National Starch business agreed to acquire Penford Australia Ltd‟s
specialty grain wet milling and manufacturing facility in Lane Cove.
2008 Acquisitions/Mergers/Takeovers The company acquired Imperial Chemical Industries Plc (ICI).
2008 Acquisitions/Mergers/Takeovers The company acquired Enviroline, a specialist supplier of corrosion-resistant linings
for oil and gas industries.
2008 Acquisitions/Mergers/Takeovers AkzaNobel Chemicals acquired two organic peroxides product lines from China‟s
Jiangsu QiangSheng to strengthen the company‟s specialty chemical product
portfolio.
2007 Ownership Changes Akzo Nobel sold Organon BioSciences NV to Schering-Plough Corporation.
1998 New Products/Services Akzo Nobel acquired a UK-based company, Courtaulds. Courtaulds‟s products
portfolio includes high-tech industrial coatings and man-made fibers such as
Courtelle and Tencel.
1994 Acquisitions/Mergers/Takeovers Akzo and Nobel Industries merged to form AkzoNobel.
1984 Acquisitions/Mergers/Takeovers KemaNobel merged with Bofors to form Nobel Industries.
1969 Acquisitions/Mergers/Takeovers Algemeene Kunstzijde Unie NV (AKU) merged with Koninklijke Zwanenberg
Organon (KZO) to form AKZO.
1968 Acquisitions/Mergers/Takeovers The UK man-made fiber company Courtaulds acquired International Paints.
1923 Corporate Changes Saal van Zwanenberg established Organon to produce insulin from the pancreases
of animals.
1918 New Products/Services Koninklijke Nederlandse Zoutindustrie (KZO) kick started the Dutch salt industry in
response to salt shortages during World War I.
1871 Incorporation/Establishment KemaNobel was established in Sweden.
Source: Annual report, company website, primary and secondary research © Timetric

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9.5 Akzo Nobel NV – SWOT Analysis

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.

9.5.1 Akzo Nobel NV – strengths

Strength – diversified revenue generation base


The company‟s diversified base for generating revenue is one of its main strengths. The company operates
through three business segments: decorative paints, performance coatings, and specialty chemicals. The
company‟s decorative paints segment provides adhesives, lacquers and varnishes, decorative paints, floor
leveling compounds, and specialty coatings for metal, concrete and other building materials. The decorative
paints segment contributed 34.00% of the company‟s total revenues in FY2010, generating EUR4,968.0
million. Through its performance coating segment, the company provides industrial finishes, car refinishes,
marine and protective coatings, packaging coatings and powder coatings. The company‟s performance
coating brands include famous names such as International, Sikkens and Interpon. The performance
coatings segment contributed 33.00% of the company‟s total revenues in FY2010, generating EUR4,786.0
million. The company‟s specialty chemicals portfolio consists of more than 2,000 items which include a
variety of industrial chemicals, functional chemicals, surfactants, personal care solutions, and aqueous
solution polymers. It also offers polymer chemicals, polyester fibers and soda ash, emulsion polymers,
carbon disulfides, pulp and paper chemicals, wet and dry strength agents, coating additives, and chemicals
for use in water treatment, pharmaceutical industries and explosives. The specialty chemicals segment
contributed 33.00% of the company‟s total revenues in FY2010, generating EUR4,943.0 million. This diverse
revenue generation base enables the company to eliminate the risks associated with overdependence on a
single market.

Strength – strong financial performance


The company delivered a strong financial performance during FY2010. In the year, the company‟s total
revenue increased by 12.37%, from EUR13,028.00 million in FY2009 to EUR14,640.00 million in FY2010.
The company‟s revenue also grew at a CAGR of 9.93% during 2006–2010. In addition, the company‟s
operating profit increased from EUR855.00 million in FY2009 to EUR1,219.00 million in FY2010. Similarly,
the company‟s net income increased from EUR285.00 million in FY2009 to EUR754.00 million in FY2010.
The increase in revenue is due to the strong growth in sales from all the company‟s business segments and
operating regions. The strong financial performance enables Akzo Nobel to pursue growth and expansion
plans, and also improves investors' confidence in the company.

Strength – strong solvency position


The company‟s strong solvency position positively impacts its ability to borrow and repay money, which can
assist its business operations. Akzo Nobel‟s solvency position is strong due to the company raising capital
through equity funding than debt funding. The company recorded a debt to equity ratio of 0.42 at the end of
FY2010, which is better than its close competitors, such as PPG Industries Inc. (PPG) with its debt to equity
ratio of 1.12, and RPM International Inc. (RPM) with its ratio of 0.88. Furthermore, the company‟s equity
levels also increased by 15.55% during FY2010, to reach EUR8,984.0 million. This strong solvency position
indicates the higher creditworthiness of the company compared to its competitors.

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9.5.2 Akzo Nobel NV – weaknesses

Weakness – decorative paints segment’s overdependence on Europe


Akzo Nobel‟s decorative paints segment is highly dependent on revenue generated from Europe. Although
the company operates in other regions such as the Americas and Asia-Pacific, the majority of its revenue is
generated from Europe. In FY2010, the company generated 52.00% of its revenue from Europe, while other
regions cumulatively accounted for 48.00%. The company‟s overall performance may be threatened by any
economical downturn in this region. In addition, the reduced focus on other geographical regions may
constrain the company‟s ability to capitalize on growth prospects in other regions.

Weakness – weak liquidity position


Akzo Nobel's current ratio was 1.41 at the end of FY2010. This was lower than its close competitors such as
PPG, which had a current ratio of 1.95, and RPM, which recorded a current ratio of 2.54 in the same year.
The company‟s lower current ratio indicates its weaker financial position and potential inability to meet its
short-term obligations as efficiently as its close competitors. In FY2010, the company had cash and
equivalents worth EUR2,885.0 million, while its total current liabilities stood at EUR5,261.0 million, an
increase of 15.52% over previous year. However, the company improved its current ratio from 1.37 in
FY2009 to 1.41 in FY2010.

Weakness – lawsuits and litigations


The company has been involved in the various law suits and antitrust investigations by European regulatory
bodies. The US Army pension case against the company was settled in 2010, and the company‟s subsidiary
Glidden was been released from all of its lawsuits in the same year. However, there are other claims and
litigations against the company still pending. The resolution of legal issues requires the company to incur
significant costs to defend themselves, which may affect the company‟s overall performance. Furthermore,
involvement in lawsuits and litigations can damage the company‟s brand image and product sales.

9.5.3 Akzo Nobel NV – opportunities

Opportunity – positive outlook of the global automotive industry


The positive outlook of the global automotive industry provides opportunities for the company to increase its
revenues. The Scotiabank Group‟s Global Auto Report 2011 forecasts that the number of car sales in North
America will increase by 8.16% in 2011, from 13.96 million in 2010 to 15.20 million units in 2011. The Asian
automotive market, which includes India and China, is expected to grow at a slower annual rate of 2.64% in
2011, after its significant annual growth of 21.32% in 2010. Meanwhile, the South American automotive
market, which includes Brazil, is expected to grow by over 9.00% in 2011. Since the company's products are
used for coating vehicles by the automotive industry, the global automotive industry will generate more
demand for the company‟s products, which will increase its revenue from various regions.

Opportunity – strategic acquisition and capacity expansion


The company has made a number of strategic acquisitions and alliances to expand its existing operations
and market presence. For instance, the company acquired Schramm Holding AG in October 2011. Akzo
Nobel also announced plans to acquire Boxing Oleochemicals in July 2011, which will enable the company
to further strengthen its ability to provide specialty surfactants. Also in July 2011, the company acquired the
patented Zeta Fraction technology from Botanical Technologies (IBT). This technology will be integrated into
the personal care business of Akzo Nobel‟s surface chemistry business unit. These and other acquisitions
offer the company an expanded customer base and product range, and can enable it to capitalize on
previously inaccessible growth prospects. Besides acquisitions, the company has been focusing on
expanding its production capacity. In October 2011, the company announced its plan to build a coatings
plant in China to meet the region‟s rising demand. It also plans to invest EUR60.00 million to increase the
production capacity of its automotive and aerospace coatings business in China. This new production unit

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COMPANY PROFILES

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.

Opportunity – Trans-European Network transport program


The company could benefit from the Trans-European Network transport (TEN-T) scheme which has been
launched by European Commission. The scheme assures the development of 89,500 kilometers (km) of
roads and 94,000 km of railways, including 20,000 km of high-speed rail lines, by 2020. The scheme will also
generate the construction of an inland waterway system that will spread across 11,250 km, and will contain
210 inland ports. Under the scheme, 294 seaports and 366 airports will also be constructed. TEN-T will be
funded by the European Commission with assistance from the European Union members and other sources,
such as community funding and the loan guarantee instrument for TEN-T projects (LGTT). The company has
a strong influence in providing products for railway infrastructure construction in Spain and other European
countries including Poland. Due to this, TEN-T provides an opportunity for the company to capitalize on its
expertise and market presence to gain higher revenues.

9.5.4 Akzo Nobel NV – threats

Threat – stringent regulations


The company‟s operations are subject to federal, state, local and foreign regulations which govern its
activities regarding their environmental, production, labor health and protection qualities. Any change in
these regulations will require the company to change how its conducts business operations, making it incur
costs to comply with the new regulation. For example, the European Commission‟s Roadmap for moving to a
low-carbon economy in 2050 recommends setting emission reduction targets of at least 25.00% between
2000 and 2020, to eventually achieve a 80.00% reduction by 2050. The EU plans to invest EUR270.0 billion,
or 1.50% of the region‟s GDP, in next four decades to implement strategies to achieve this target. These
changes in government strategies will require the company to invest in new technologies which significantly
increases its operational costs. Furthermore, non-compliance with any of these regulations would have an
adverse impact on the company‟s brand image and make the company liable to non-compliance penalties.

Threat – economic instability of the EU nations


The economic environment in EU nations is currently unstable, which poses challenges for companies such
as Akzo Nobel that are dependent on European regions to generate revenues. In 2010, the 16-member
eurozone region was struck by debt crisis. Following this, the euro fell by 16.00% against the dollar and the
governments from Spain to Germany cut their budgets to decrease their deficits. The International Monetary
Fund (IMF) and the member nations of the EU announced a EUR750.00 billion rescue package to bailout
the debt struck countries such as Greece, Italy and Ireland. However, the future condition of Europe‟s
economic environment is still uncertain and the recent credit rating downgrading of several European
countries from AAA by the S&P (Stanley & Poor) reflects this. Since the company generates the majority of
its decorative paints segment revenues from Europe, the EU‟s poor economic environment may lead to
lower demand for the company‟s products during the forecast period.

Threat – shortage of labor


The low availability of labor may pose problems to the company as the supply of skilled craft labor will
become more limited during the forecast period. According to the International Center for Peace &
Development, the EU's labor force is expected to shrink by about 0.20% a year between 2000 and 2030. It
also projected that 110.00 million people will be over the age of 65 in the EU during 2025, an increase from
71.00 million in 2000. The EU‟s old age dependency ratio is projected to increase from 23.00% in 2000 to
35.00% in 2025, and to 45.00–50.00% in 2050. Furthermore, the US is expected to have a shortage of 17.00
million working age people in 2020. The emerging and growing shortages of craft workers may impact

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COMPANY PROFILES

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.

9.6 Akzo Nobel NV – Company Information

9.6.1 Akzo Nobel NV – key competitors

Benjamin Moore & Co.


CPFilms Limited
PPG Industries Inc.
RPM International Inc.
The Sherwin-Williams Company

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9.6.2 Akzo Nobel NV – key employees

Table 280: Akzo Nobel NV, Key Employees


Name Job Title Board Level
Graeme Armstrong Member of the Executive Committee Executive Board
Hans Wijers Chairman, Chief Executive Officer Executive Board
Keith Nichols Chief Financial Officer Executive Board
Leif Darner Director – Performance Coatings Executive Board
Rob Frohn Director – Specialty Chemicals Executive Board
Sven Dumoulin General Counsel Senior Management
Tex Gunning Director – Decorative Paints Executive Board
Werner Fuhrmann Managing Director – Industrial Chemicals Senior Management
Source: Annual report, company website, primary and secondary research / © Timetric

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10 Company Profile: PPG Industries Inc.

10.1 PPG Industries Inc. – Company Overview

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.

Table 281: PPG Industries Inc., Key Facts


Corporate Address One PPG Place, Pittsburgh, 15272 United States of America
Telephone +1 412 4343131
Fax +1 412 4342125
URL www.ppg.com
Industry Building materials
Ticker Symbol, Exchange PPG, New Zealand Exchange Limited
No. of Employees 38,300
Fiscal Year End November
Revenue (US$ Million) 13,423.00
Locations USA
Source: Annual report, company website, primary and secondary research / © Timetric

10.2 PPG Industries Inc. – Business Description

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.

10.3 PPG Industries Inc. – Main Products and Brands

PPG is a provider of coatings and specialty products which is based in US. The company's main products
include:

Table 282: PPG Industries Inc., Main Products and Brands


Products Brands
Performance coatings: Pittsburgh
Sealants coatings PPG
Maintenance chemicals Renner
Transparent armors Lucite
Transparencies and application systems Olympic
High performance coatings Taubmans
Light industrial coatings Ivy
Specialty coatings for signs industrial coatings: Sigma Coatings
Electrocoats primer surfacers Histor
Base coats Seigneurie
Clearcoats Ripolin
Bedliner Johnstone‟s
Pretreatment chemicals Leyland
Adhesives and sealants inks Dekoral
Optical and specialty materials: Trilak
Transitions lenses Primalex
Sunlenses Prominent Paints
Optical materials and polarized film Freitag
Amorphous precipitated silicas for tire, battery separator, and
other end-user markets of Teslin synthetic printing sheet
Commodity chemicals:
Chlorine caustic soda
Vinyl chloride monomer
Chlorinated solvents
Chlorinated benzenes
Calcium hypochlorite
Ethylene dichloride
Phosgene derivatives
Glass:
Flat glass

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