TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xiii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 6
World Population Overview 10
World Fixed Investment Overview 11
World Motor Vehicle Production/Assembly 14
World Motor Vehicles in Use 17
Environmental & Regulatory Considerations 19
Environmental Trends by Region 21
United States 24
Western Europe 27
Japan 28
Other Regions 30
III. WORLD PAINTS & COATINGS OVERVIEW 31
General 31
Pricing 33
Demand by Formulation 37
Solvent-Based Coatings 41
Water-Based Coatings 44
Powder Coatings 47
Radiation-Curable Coatings 51
Demand by Market 52
Construction Markets 54
Motor Vehicle Markets 57
OEM Coatings 59
Suppliers of OEM Automotive Coatings 62
Aftermarket Coatings 64
Suppliers of Automotive Refinish Coatings 67
Other Markets for Paints & Coatings 70
Demand by Region 72
Per Capita Demand 74
Net Exports 77
Production by Region & Type 78
Architectural & Decorative Paint Production 82
Industrial & Special Purpose Coatings Production 84
IV. NORTH AMERICA 87
Overview 87
North America: Supply & Demand 89
North America: Suppliers & Market Share 92
United States 96
Canada 104
Mexico 109
V. WESTERN EUROPE 117
Overview 117
Western Europe: Supply & Demand 119
Western Europe: Suppliers & Market Share 122
France 124
Germany 129
Italy 135
The Netherlands 139
Spain 143
Sweden 148
United Kingdom 152
Other Western Europe 158
VI. ASIA/PACIFIC 163
Overview 163
Asia/Pacific: Supply & Demand 166
Asia/Pacific: Suppliers & Market Share 168
Australia 171
China 176
India 184
Japan 190
South Korea 196
Taiwan 202
Other Asia/Pacific 206
VII. OTHER REGIONS 212
Overview 212
Other Regions: Supply & Demand 214
Latin America 215
Latin America: Supply & Demand 218
Latin America: Suppliers 221
Argentina 223
Brazil 227
Other Latin America 233
Eastern Europe 237
Eastern Europe: Supply & Demand 240
Eastern Europe: Suppliers 242
Czech Republic 244
Poland 248
Russia 254
Other Eastern Europe 260
Africa/Mideast 265
Africa/Mideast: Supply & Demand 267
Africa/Mideast: Suppliers 269
South Africa 270
Turkey 275
Other Africa/Mideast 280
VIII. INDUSTRY STRUCTURE 285
General 285
Market Share & Industry Composition 287
Architectural & Decorative Paints 290
Industrial & Special Purpose Coatings 293
Mergers, Acquisitions & Industry Restructuring 295
Joint Ventures & Cooperative Agreements 301
Marketing & Competitive Strategies 311
Research & Development 313
Company Profiles 315
Akzo Nobel NV 316
Alcro-Beckers AB, see Kemira Oyj
Alteco Technik GmbH, see RPM International Incorporated
Amercoat Mexicana SA de CV, see Comercial Mexicana
de Pinturas
Asian Paints India Limited 324
Barloworld Limited 327
BASF AG 329
Becker (Wilhelm) AB 333
Behr Process Corporation, see Masco Corporation
Benjamin Moore & Company, see Berkshire Hathaway
Incorporated
Berger International Limited, see Asian Paints India
Berkshire Hathaway Incorporated 337
Bondo Corporation, see RPM International Incorporated
Caparol Farben Lacke Bautenschutz GmbH & Company
Vertriebs KG 339
Carboline Company, see RPM International Incorporated
Chemical Coatings Incorporated, see RPM International
Incorporated
Chugoku Marine Paints Limited 341
ColArt International Holdings Limited, see
Becker (Wilhelm) AB
Comercial Mexicana de Pinturas SA de CV 342
COMEX, see Comercial Mexicana de Pinturas
Coronado Paint Company, see Wattyl Limited
Dai Nippon Toryo Company Limited 344
Dainippon Ink and Chemicals Incorporated 345
Deutsche Amphibolin-Werke, see Caparol Farben Lacke
Bautenschutz GmbH
Dryvit Systems Incorporated, see RPM International
Incorporated
Dunn-Edwards Corporation 348
DuPont (EI) de Nemours 350
Duron Incorporated 355
Dyrup A/S 357
EFTEC AG, see Fuller (HB) Company
Euclid Chemical Company, see RPM International
Incorporated
Ferro Corporation 358
Flecto Company Incorporated, see RPM International
Incorporated
Foster Products Corporation, see Fuller (HB) Company
Frazee Industries Incorporated, see Professional Paint
Incorporated
Fuller (HB) Company 360
General Paint Limited, see Professional Paint
Incorporated
Goodlass Nerolac Paints Limited, see Kansai Paint
Company Limited
Hempel A/S 362
Hitachi Chemical DuPont MicroSystems LLC, see
DuPont (EI) de Nemours
ICI Paints, see Imperial Chemical Industries plc
Ideal Paints, see Professional Paint Incorporated
Imperial Chemical Industries plc 365
Innovative Performance Systems Incorporated, see
Dainippon Ink and Chemicals Incorporated
International Coatings Limited, see Akzo Nobel NV
International Paint Korea, see Akzo Nobel NV
Jotun A/S 370
Kalon Decorative Products, see SigmaKalon Group
Kansai Paint Company Limited 373
KDK Automotive Coatings Company Limited, see
DuPont (EI) de Nemours and Kansai Paint Company
Kelly-Moore Paint Company Incorporated 377
Kemira Oyj 378
Kop-Coat Incorporated, see RPM International
Incorporated
Kumgang Korea Chemical Company Limited 381
Kwal-Howells Incorporated, see Professional
Paint Incorporated
Martin Mathys NV, see RPM International Incorporated
Masco Corporation 383
Masterchem Industries Incorporated, see
Masco Corporation
Modern Masters Incorporated, see RPM International
Incorporated
Mohawk Finishing Products, see RPM International
Incorporated
Nippon Paint Company Limited 385
NOF Kansai Marine Coatings Company Limited,
see BASF AG and Kansai Paint Company Limited
Orica Limited 388
Paint America, see Dunn-Edwards Corporation and
Kelly-Moore Paint Company Incorporated
Parker Paint Manufacturing Company Incorporated, see
Professional Paint Incorporated
Plasti-Kote Company Incorporated, see
Valspar Corporation
Polyfarb Ukraine Sp zoo, see SigmaKalon Group
PPG Industries Incorporated 390
PRC-DeSoto International, see PPG Industries
Incorporated
Professional Paint Incorporated 394
RAMUC Pool and Deck Paint, see RPM International
Incorporated
Reichhold Incorporated, see Dainippon Ink and Chemicals
Incorporated
Renner Herrmann SA 397
Rohm and Haas Company 398
RPM International Incorporated 401
Rust-Oleum Corporation, see RPM International
Incorporated
SCIB Chemical SAE, see Asian Paints India Limited
Sherwin-Williams Company 408
Sigma Marine and Protective Coatings Netherlands BV,
see SigmaKalon Group
SigmaKalon Group 412
Spies Hecker GmbH, see DuPont (EI) de Nemours
Standox GmbH, see DuPont (EI) de Nemours
TCI Incorporated, see RPM International Incorporated
TEC Specialty Products Incorporated, see
Fuller (HB) Company
Technical Coatings Company, see Berkshire Hathaway
Incorporated
Testor Corporation, see RPM International Incorporated
Tikkurila Paints Oy, see Kemira Oyj
Tremco Incorporated, see RPM International Incorporated
Trilak-Haering Kft, see SigmaKalon Group
Valspar Corporation 418
Wattyl Limited 422
Westfield Coatings Corporation, see RPM International
Incorporated
Zinsser Company Incorporated, see RPM International
Incorporated
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Gross Fixed Investment by Region 14
4 World Motor Vehicle Production/Assembly by Region 17
5 World Motor Vehicles in Use by Region 19
SECTION III -- WORLD PAINTS & COATINGS OVERVIEW
1 World Paints & Coatings Supply & Demand 33
2 Regional Pricing Trends for Paints & Coatings 36
3 World Paints & Coatings Demand by Formulation 40
4 World Solvent-Based Coatings Demand by Region 44
5 World Water-Based Coatings Demand by Region 47
6 World Powder Coatings Demand by Region 50
7 World Radiation-Curable Coatings Demand by Region 52
8 World Paints & Coatings Demand by Market 54
9 World Construction Markets for Paints & Coatings 57
10 World Demand for Motor Vehicle Coatings by Segment &
Formulation 59
11 World Demand for OEM Motor Vehicle Coatings 62
12 World Demand for Motor Vehicle Refinish Coatings 67
13 World Demand for Paints & Coatings in Other Markets 72
14 World Paints & Coatings Demand by Region 74
15 Per Capita Demand for Paints & Coatings by Region &
for Selected Countries 76
16 World Paints & Coatings Net Exports by Region 78
17 World Paints & Coatings Production by Region & Type 82
18 World Architectural & Decorative Paint Production by Region 84
19 World Industrial & Special Purpose Coatings Production
by Region 86
SECTION IV -- NORTH AMERICA
1 North America -- Key Indicators for the Paints &
Coatings Market 89
2 North America -- Paints & Coatings Supply & Demand 92
3 North America -- Paint & Coating Sales by Company, 2002 96
4 United States -- Key Indicators for the Paints & Coatings
Market 99
5 United States -- Paints & Coatings Supply & Demand 102
6 Canada -- Key Indicators for the Paints & Coatings Market 105
7 Canada -- Paints & Coatings Supply & Demand 107
8 Mexico -- Key Indicators for the Paints & Coatings Market 111
9 Mexico -- Paints & Coatings Supply & Demand 114
SECTION V -- WESTERN EUROPE
1 Western Europe -- Key Indicators for the Paints &
Coatings Market 119
2 Western Europe -- Paints & Coatings Supply & Demand 122
3 Western Europe -- Paint & Coating Sales by Company, 2002 124
4 France -- Key Indicators for the Paints & Coatings Market 126
5 France -- Paints & Coatings Supply & Demand 127
6 Germany -- Key Indicators for the Paints & Coatings Market 131
7 Germany -- Paints & Coatings Supply & Demand 133
8 Italy -- Key Indicators for the Paints & Coatings Market 136
9 Italy -- Paints & Coatings Supply & Demand 138
10 The Netherlands -- Key Indicators for the Paints &
Coatings Market 140
11 The Netherlands -- Paints & Coatings Supply & Demand 142
12 Spain -- Key Indicators for the Paints & Coatings Market 145
13 Spain -- Paints & Coatings Supply & Demand 147
14 Sweden -- Key Indicators for the Paints & Coatings Market 150
15 Sweden -- Paints & Coatings Supply & Demand 151
16 United Kingdom -- Key Indicators for the Paints &
Coatings Market 154
17 United Kingdom -- Paints & Coatings Supply & Demand 156
18 Other Western Europe -- Key Indicators for the Paints
& Coatings Market 159
19 Other Western Europe -- Paints & Coatings Supply & Demand 161
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Key Indicators for the Paints & Coatings
Market 166
2 Asia/Pacific -- Paints & Coatings Supply & Demand 168
3 Asia/Pacific -- Paint & Coating Sales by Company, 2002 171
4 Australia -- Key Indicators for the Paints & Coatings
Market 173
5 Australia -- Paints & Coatings Supply & Demand 175
6 China -- Key Indicators for the Paints & Coatings Market 178
7 China -- Paints & Coatings Supply & Demand 181
8 India -- Key Indicators for the Paints & Coatings Market 185
9 India -- Paints & Coatings Supply & Demand 187
10 Japan -- Key Indicators for the Paints & Coatings Market 193
11 Japan -- Paints & Coatings Supply & Demand 194
12 South Korea -- Key Indicators for the Paints & Coatings
Market 198
13 South Korea -- Paints & Coatings Supply & Demand 200
14 Taiwan -- Key Indicators for the Paints & Coatings Market 203
15 Taiwan -- Paints & Coatings Supply & Demand 205
16 Other Asia/Pacific -- Key Indicators for the Paints &
Coatings Market 208
17 Other Asia/Pacific -- Paints & Coatings Supply & Demand 210
SECTION VII -- OTHER REGIONS
1 Other Regions -- Key Indicators for the Paints &
Coatings Market 214
2 Other Regions -- Paints & Coatings Supply & Demand 215
3 Latin America -- Key Indicators for the Paints &
Coatings Market 218
4 Latin America -- Paints & Coatings Supply & Demand 221
5 Argentina -- Key Indicators for the Paints & Coatings
Market 225
6 Argentina -- Paints & Coatings Supply & Demand 226
7 Brazil -- Key Indicators for the Paints & Coatings Market 229
8 Brazil -- Paints & Coatings Supply & Demand 231
9 Other Latin America -- Key Indicators for the Paints
& Coatings Market 235
10 Other Latin America -- Paints & Coatings Supply & Demand 236
11 Eastern Europe -- Key Indicators for the Paints &
Coatings Market 240
12 Eastern Europe -- Paints & Coatings Supply & Demand 242
13 Czech Republic -- Key Indicators for the Paints &
Coatings Market 245
14 Czech Republic -- Paints & Coatings Supply & Demand 247
15 Poland -- Key Indicators for the Paints & Coatings Market 249
16 Poland -- Paints & Coatings Supply & Demand 251
17 Russia -- Key Indicators for the Paints & Coatings Market 256
18 Russia -- Paints & Coatings Supply & Demand 258
19 Other Eastern Europe -- Key Indicators for the Paints &
Coatings Market 263
20 Other Eastern Europe -- Paints & Coatings Supply & Demand 264
21 Africa/Mideast -- Key Indicators for the Paints &
Coatings Market 267
22 Africa/Mideast -- Paints & Coatings Supply & Demand 269
23 South Africa -- Key Indicators for the Paints &
Coatings Market 272
24 South Africa -- Paints & Coatings Supply & Demand 274
25 Turkey -- Key Indicators for the Paints & Coatings Market 277
26 Turkey -- Paints & Coatings Supply & Demand 279
27 Other Africa/Mideast -- Key Indicators for the Paints &
Coatings Market 281
28 Other Africa/Mideast -- Paints & Coatings Supply & Demand 283
SECTION VIII -- INDUSTRY STRUCTURE
1 World Paint & Coating Sales by Company, 2002 289
2 World Sales of Architectural & Decorative Paints by
Company, 2002 292
3 World Sales of Industrial & Special Purpose Coatings by
Company, 2002 294
4 Selected Acquisitions & Divestitures 297
5 Selected Cooperative Agreements 303
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III -- WORLD PAINTS & COATINGS OVERVIEW
1 World Paints & Coatings Demand by Formulation, 2002 40
2 Coating Formulation Market Shares by Region, 2002 41.
