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Tuesday, 20 August 2019
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Markets & companies, Coatings market

Market analysis: Demand for coatings will grow in Brazil

Friday, 21 August 2009

After the crisis, IRL expects average annual growth rates in the region of 4-5%.

The decorative sector is accounting for nearly 74% of the total demand in Brazil. Source: Pixelio/Tina Kayser

The decorative sector is accounting for nearly 74% of the total demand in Brazil. Source: Pixelio/Tina Kayser

Paint and coatings demand in Brazil is estimated at 1,303,200 t for 2008, which could grow to create a market of 1,651,000 t by 2013. This is equivalent to average annual growth rates in the region of 4-5%, once Brazil has recovered from the effects of the global economic crisis. Almost all industry figures are optimistic about a return to market growth after a current period of uncertainty and possible contraction, according to the results of research published by IRL in its new Profile of the Brazilian Paint Industry, 2nd Edition. The vast majority of the Brazilian paint market lies in the decorative sector, accounting for nearly 74% of the total demand. The best growth rates are to be expected in the marine and protective segments, largely as a result of offshore exploration by Petrobras.

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