Worldwide demand for architectural paints to increase 3.7% through 2009.The worldwide demand for architectural paints is predicted to increase 3.7% per year through 2009 to 19.8 million metric tons, valued at $39.3 billion. This forecast is according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. World Architectural Paints, a study published by The Freedonia Group, Inc. The demand for architectural paints will steadily increase due to stronger economic growth through 2009 and solid (albeit decelerating) growth in building construction expenditures over the same period. Additionally, the report states that the projected rise in the world's urban population will strain the existing house stock and prompt increased residential construction at both the public and private levels. [ILLUSTRATION OMITTED] The most rapid demand gains will be seen in the emerging markets of China and India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. . Although Japan is projected to post growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. that are significantly lower than the average through 2009, the country's architectural paint market will see a reversal of the decline experienced during the 1999-2004 period. Growth in architectural coating demand in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). will lag behind the world average, but these two regions will still account for over 45% of the global market in 2009 despite being home to less than 13% of the world's population. Within North America, Mexico's emerging architectural paint market will help to offset the slower growth of the U.S. and Canada. The Western European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. market is projected to increase just 2.2% per year, although this level is an improvement over the performance during the last decade. The most important trend in the global paints and coatings industry over the past few years has been the environmentally driven shift in production from high volatile organic compound-emitting solvent-based paints to waterborne paints. In North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and Western Europe, approximately 80% of architectural paint demand is now water-based. In most other parts of the world, the number is still under 60% but is expected to increase through 2009. For further information on the World Architectural Paints report, visit www.freedoniagroup.com. |
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