- Written on 06.05.2011 - Literature
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Market Study: Paints and Varnishes
According to the new market study by Ceresana Research, the European paints and varnishes market is forecast to generate revenue of EUR 27.7 billion by 2018. Germany is the largest sales market in Europe with a roughly 15 % share, followed by Italy and Russia. Demand for industrial varnishes, the second-largest field of application behind the construction industry, is especially increasing in Russia, Poland, and Turkey. But also some West European countries, like the Netherlands, record above European average growth, which amounts to 1.6 % per year.
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