Reports Forecast Growth in Latin American, European Coatings Markets
SAN ANTONIO, TX -- Coatings consumption in key Latin America markets is forecast to grow at annual rates of more than 4% over the next several years, with revenues in Argentina, Brazil, Mexico, Chile, Venezuela, Colombia, and Peru potentially reaching a combined total of $4.65 billion by 2007, a recently issued market study from Frost & Sullivan concludes.
Another market study from the market-research firm forecasts that powder-coatings sales revenue in Europe will record an annual compound growth rate of 7% over the next several years, increasing from $1.14 billion in 2000 to $1.82 billion by 2007.