Freedonia In The News

Article Title: Freedonia Group's Report Forecasts Global Demand for Paint & Coatings to Rise 5.4% Per Year
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Publication: SpecialChem, 2/15/2012
Freedonia Study: World Paint & Coatings (2845)

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Asia/Pacific Region to Remain Largest Market, Exhibit Fastest Gains The Asia/Pacific region will remain the leading consumer of paints and coatings through 2015, and will also see the most rapid gains. Regional demand will be fueled by China and India, the two largest markets in Asia and two of the fastest-growing coatings markets in the world. Above-average gains are also forecast for North America, rebounding strongly from the declining demand of the 2005-2010 period. Coatings demand in the region will benefit from a greatly improved outlook for building construction and manufacturing activity in the US. While paint and coatings demand in Western Europe will see a similar recovery from recent declines, the region will remain the world's slowest-growing market. Among the other areas of the world, best opportunities are expected in the Africa/Mideast region, where paint demand per capita is the lowest in the world.
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Article Title: Global paints, coatings demand to rise 5.4%/year through 2015 - study
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Publication: Hydrocarbon Processing, 2/19/2012
Freedonia Study: World Paint & Coatings (2845)

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Global demand for paints and coatings is forecast to rise 5.4%/year to 45.6 million metric tons in 2015, according to a new study from US-based market research firm The Freedonia Group. Advances will be driven by a strong acceleration in world building construction spending, particularly residential construction, which is expected to rebound in North America and Western Europe, the report says. Healthy growth in global manufacturing activity will also fuel increased demand for coatings used in the production of motor vehicles and other durable goods, as well as industrial maintenance applications. Solvent-based paint and coatings will continue to see their share of the market decline in both developed and developing markets, as ongoing efforts to reduce the emission of volatile organic compounds (VOCs) are spurring the rise of alternative formulations.
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Article Title: A Splash of Romance in the Search for Paint
By: Jane L. Levere
Publication: The New York Times, 2/29/2012
Freedonia Study: World Paint & Coatings (2845)

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Another incentive for adding the new line, said Kent Furst, senior analyst for Freedonia Group, a research company in Cleveland, is that paint production “has a much higher profit margin than Ace’s normal retail business.” He said, “It makes sense that they would want to expand that.” The company also has “excess paint manufacturing capacity with the recession, since the demand for paint in the United States has declined in the last couple of years,” he added.
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