Dublin, Sept. 26, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/g5zk52/a_profile_of_the) has announced the addition of the "A Profile Of The Central European Paint Industry" report to their offering.
This report has been developed and expanded upon from previous studies and forms part of a series of ten reports assessing the global market for paints and coatings.
The scope of the report extends to fourteen national paint and coatings markets across the continent from Central Europe to the countries of the Balkan and Black Sea regions. The report covers the markets in Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Kosovo, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia. It evaluates and provides market insight into nine mainstream coating sectors.
The Central European paint market was estimated at approximately 1,346,550 tonnes in 2011 and is expected to grow to 1,531,900 tonnes by 2016. Growth is forecast to vary across the region, with the markets of Poland, Slovakia and several Balkan markets expected to exhibit higher growth rates. Average growth in paint demand across the whole region is expected at about 2.6% p.a., underpinned by such simple factors as growth in industrial output, rising salaries and greater disposable incomes, and moderate growth of the construction industries, recovering from the economic crisis of 2009.
Poland is by far the largest paint consumer in the Central European region, accounting for about 44% of the total market.
- In 2011 up to mid 2012 there was an upsurge in the demand for architectural paints in Poland due to construction works related to the Euro 2012 football tournament.
- As much of the impact of low-VOC and REACH legislation has taken place in Poland, the local architectural paints market is now saturated with water-borne paints and this segment continues to increase.
- The Czech Republic is in second place among Central European paint markets with a share of consumption of 13.2%. This is the market with the highest paint per capita consumption indicator (16.9kg/head) in the CEE region.
- The Balkan market is placed at almost 129,000 tonnes, with the fastest growing demand for paints in Serbia. In many of the markets the architectural coatings segment tends to account for quite a large majority of paint demand. The percentage share of these coatings varies from country to country and can reach up to 79% (in Bulgaria).
- There is an evident trend of growing consumption of water-borne and low-VOC paints, driven by the high impact of the environmental legislation on the market and increasing interest of consumers in the ecological properties of the products.
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Source:Research and Markets