World Coating Production Forecast Before 2007

According to forecast, by 2007, the world's paint demand will continue to grow at an average annual growth rate of 3.5%, and the total amount will reach 28.8 million tons, and the average annual growth rate from 1997 to 2002 will be 1.9%. Before 2007, the market will increase at an average annual rate of 5%, and it will reach US$83 billion in 2007. The fastest-growing market will be emerging markets such as the Asia Pacific region (excluding Japan), and Asia will use China’s demand as the largest. China's average annual growth rate of paint demand is forecast to be 6.4% before 2007, and market demand will reach 2.85 million tons, while Japan’s annual growth rate of paint demand before 2007 is only 1.4%, and the market demand will reach 2.05 million tons. The growth rate of demand for coatings in North America and Western Europe will continue to be lower than the world average, but total demand in the two major regions will account for nearly half of the world total in 2007. In North America, the average annual growth rate of paint demand before 2007 was 2.7%, and the market demand reached 8.15 million tons; in Western Europe, the annual growth rate of paint demand before 2007 was 2.3%, and the market demand reached 6.3 million tons.

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