IRL Releases Profile of Italian Paint Industry
September 12, 2008
LONDON – IRL, a division of Business Research Group, has published a second edition of its profile of the Italian paint industry.
Italy is one of the three western European paint markets where demand reaches more than one million tonnes, standing at 1,141,000 tonnes in 2007, according to IRL’s latest interpretation of the size and structure of the market. All segments of the Italian paint market will continue to grow in the future, some considerably quicker than others. Furthermore, paint production in Italy is also on a markedly upward path, serving both indigenous demand and foreign markets. Rapid growth in Italian paint exports has made this one of the most important and successful segments of industry, with businesses in Italy scoring supply contracts worth over U.S. $1 billion.
The decorative coatings segment has a sector share of 54 percent, of which 30 percent is from professional painters and 24 percent is from the do-it-yourself market. The industrial wood coatings market has a 13-percent share, with the general industrial coatings market holding an 11-percent share and the powder coatings segment holding a seven-percent share. The remaining 15-percent share consists of all other industrial coatings.
Terry Knowles, Business Manager at IRL and author of the reported, “Future growth in the market looks positive yet modest at around three percent per annum. IRL’s forecast is that Italian paint demand will reach more than 1.31 million tonnes by 2012. This alone is equivalent to growth of 170,000 tonnes across five years. Coupled to a strong supply situation in foreign markets, Italy should be seen as a major paint production center gaining even greater importance within the chemical industry.”
For additional information or to order this study, visit www.informationresearch.co.uk.