Countries in the Asia-Pacific will see average annual growth of 8.8% in the paint and coatings markets over the next several years, bringing the total paint and coatings demand to more than 15 million metric tons by 2011. This demand reflects double-digit growth in the Chinese and Indian paint and coatings markets, tempered by more modest growth in other key locations such as Vietnam, Thailand, South Korea and Malaysia.

These trends are highlighted in a new 300-page report from Information Research (IRL), titled Profile of the Asia-Pacific Paint Industry. Selected trends highlighted in the report include:
  • Strong demand for architectural and wood coatings in China as a result of the booming construction sector
  • Rising demand for architectural and protective coatings India through ongoing investment in construction and infra-structure
  • High marine paint demand in South Korea through large numbers of orders for the shipbuilding industry
  • Rising consumer awareness of health and environmental matters, with particular emphasis on R&D in this area in mature economies such as South Korea and Japan
  • Greater competition in some economies where China has wooed local manufacturing industry from other low-cost manufacturing economies.
A Profile of the Asia-Pacific Paint Industry, 8th edition, is priced at €2,950 and provides a four-year review of the Asian paint industry in terms of mergers, acquisitions and investments, data on 10 economies (China, India, Indonesia, Japan, Malaysia, Philippines, Singapore South Korea, Thailand and Vietnam) and a statistical summary covering all the key data from these markets.

IRL also has released The Top 50 Paint Companies in Asia, 3rd edition, which is priced at €750 but is available for €500 when purchased at the same time the Asia-Pacific paint profile.

For more information, visitwww.informationresearch.co.uk.