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Analyze The Market Opportunities In The Coatings And Paint Industry!

Published on 2007-08-08. Author : SpecialChem

DUBLIN, Ireland -- Research and Markets has announced the addition of "Global Coatings Industry: Automotive and Powder Coatings Driving Growth" to their offering. The coatings and paint industry has matured in the United States. As a result, most of the Western companies are focusing on two markets - Eastern Europe and Asia Pacific.

Major growth opportunities are in the Chinese and Indian coatings market. While the Chinese coating industry has grown by a hopping 30% in 2006, backed by continued and rapid development in its economy in 2006, the Indian paint industry has huge growth potential as per capita current consumption of coatings is very low compared to the developed countries. Supported by strong growth in new house construction coupled with robust growth in automotive industry, the Indian paint industry is expected to grow at 16-17% over the next few years.

The automotive coatings market is growing on the back of increasing new car sales in Europe and growth in car manufacturing in China. After years of difficult market conditions related to both new car sales and low consumer spending, European car sales is improving with improving consumer confidence.

The Chinese automotive coatings market is expanding in the wake of larger investments in car manufacturing plants. Car production in China is growing four times faster than the rest of the world. All major multinational producers of automotive coatings are active in the country, supplying leading international automobile manufacturers which have been setting up or acquiring plants in China.

The report analyzes the market opportunities in the coatings and paint industry. It assesses the coatings market of three regions - North America, Europe and Asia Pacific. The report is also a study of the various coatings technologies that are revolutionizing the industry like the TiO2 photocatalytic paints and in-mold plastic coatings. The report further captures the factors driving growth in the Asia Pacific and the Eastern European regions. The competitive landscape of the coatings industry has been analyzed and major business strategies of three global coatings giants - Akzo Nobel, PPG Industries and Sherwin-Williams studied in the report.

Source: Research and Markets


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