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Sunday, 25 October 2020
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Markets & companies, Coatings market

Romanian paint and coatings market to grow in 2011

Wednesday, 16 September 2009

InterBiz estimates stagnation for the Romanian paint and coatings market in 2010 but in 2011 the market will record an upward trend.

The Romanian paint and coatings consumption by segment in 2008 (total: EUR 359.4 million). Source: InterBiz Research & Consulting

The Romanian paint and coatings consumption by segment in 2008 (total: EUR 359.4 million). Source: InterBiz Research & Consulting

InterBiz estimates stagnation for the Romanian paint and coatings market in 2010 but in 2011 the market will record an upward trend. Due to the economic crisis, which has strongly affected the paint and coatings market in Romania, for 2009 the market is expected to fall by 26 % in value to EUR 260 million. For 2010, InterBiz Research & Consulting estimates stagnation but in 2011 the market will record an upward trend. For the period 2008 - 2013, the research company expects that demand for paint and varnish will record a CAGR of 2.2 % in volume and 1.0 % in value. Also, consumption will increase by 2 kg per capita to reach about 11 kg, which is 3.6 kg less than the current level of average consumption in EU-27. Currently, in Romania there are installed production capacities of approximately 710,000 tons of paints and coatings and likely will remain at that level as the maximum potential consumption in Romania lies at 420,000 tons.

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