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World Architectural Paint to 2013

Global demand to rise 3.6% annually through 2013
World demand for architectural paints is forecast to increase 3.6 percent per year through 2013 to 22.8 million metric tons, valued at $51 billion. While this represents a deceleration from the 2003-2008 pace, advances in the architectural paint market will still be quite healthy, as worldwide building construction spending and economic activity rebound from several years of slow growth (caused by the global financial crisis). In addition, continuing gains in the world’s urban population will place a strain on the existing housing stock -- prompting increased residential construction spending at both the public and private levels.

DIY paint jobs to gain market share in developing world
In most developing countries, the existing DIY sector represents less than 20 percent of the overall architectural paint market. However, as large scale retail paint and general home improvement stores continue to proliferate into previously unpenetrated locales, and as labor costs grow, DIY paint jobs will become more common in the developing world.

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