Wednesday, May 21, 2014

Paint and Varnish Markets in the World to 2018 - Market Size, Trends, and Forecasts By Big Market Research

Global demand for paints and varnishes is forecast to expand 4.7% p.a. between 2014 and 2018. Argentina, China, India, Morocco, and the United States are considered the highest potential markets in the coming years. 
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global paint and varnish industry is forecast to reach 4.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.2%. Currently, non-aqueous polymer (other than polyester, vinyl and acrylic polymer) based paints and varnishes account for 36.6% of the global demand while the remaining market share is divided between non-aqueous vinyl and acrylic polymer based paints and varnishes (17.8%), non-aqueous polyester based paints and varnishes (15.5%), aqueous polymer (other than vinyl and acrylic polymer) based paints and varnishes (13.4%), aqueous vinyl and acrylic polymer based paints and varnishes (11.7%), and other paints and varnishes (5%).

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

Paint and varnish market size compared to market growth in different countries

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential paint and varnish markets in the coming years are:

Ranking Country Market Potential Rate

1. China 0.48
2. United States 0.36
3. Morocco 0.19
4. Argentina 0.14
5. India 0.14
6. Turkey 0.13
7. Ireland 0.12
8. Macedonia 0.12
9. South Korea 0.12
10. Russia 0.11
11. Germany 0.11
12. Azerbaijan 0.11
13. Ghana 0.10
14. Mexico 0.09
15. Thailand 0.09
16. Chile 0.09
17. Sri Lanka 0.09
18. Estonia 0.09
19. Kazakhstan 0.09
20. Moldova 0.08

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