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Paints and Varnishes

Global demand for paints and varnishes is forecast to expand 1.8% p.a. between 2015 and 2019. Currently, vinyl and acrylic polymer based paints and varnishes (aqueous) account for 11.8% of the global demand while the remaining market share is divided between other polymer based paints and varnishes (aqueous) (13.1%), polyester based paints and varnishes (non-aqueous) (14.2%), vinyl and acrylic polymer based paints and varnishes (non-aqueous) (19.6%), other polymer based paints and varnishes (non-aqueous) (36.6%) and other paints and varnishes (4.6%).

China, Japan, Senegal, South Korea and the United States are considered the highest potential markets in the coming years. Argentina, China, Germany, Japan and the United States represent the largest paint and varnish markets while the strongest annual growth is forecast to occur in the Senegal (11.8%), Panama (9.4%), United States (8.6%), Jordan (7.6%) and Ethiopia (7.6%).

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