Updated Profile of Eastern European Coatings Industry Published
LONDON - IRL has published a new edition of its title, A Profile of the Eastern European Paint Industry. The report provides overviews and forecasts for 10 national coatings markets across the continent from Eastern Europe to the countries of the Black Sea region, namely Armenia, Belarus, Estonia, Georgia, Latvia, Lithuania, Moldova, Russia, Turkey and the Ukraine. It focuses on and provides market insight into nine mainstream coating sectors.
Coatings demand across these countries has increased to 2.7 million metric tons, and with average market growth of 5.8 percent per annum, this can be expected to reach more than 3.6 million metric tons by the end of 2016. Very simple drivers underpin growth in coatings demand across the region, including: growth in construction markets, growth in infrastructure investment, rising salaries and greater disposable incomes, and growing industrial output.