CLEVELAND - World demand for architectural paints is forecast to rise 3.7 percent per year through 2009 to 19.8 million metric tons, valued at $39.3 billion. Worldwide architectural paint demand will benefit from stronger economic growth through 2009, combined with strong (albeit decelerating) growth in building-construction expenditures over the same period. Additionally, rapid growth in the world's urban population and number of households will continue to strain the existing housing stock, prompting increased residential-construction spending at both the public and private levels.
These and other trends are presented in World Architectural Paints, a study from The Freedonia Group, Inc. For further details, contact Corinne Gangloff by e-mailing pr@freedoniagroup.com or visiting www.freedoniagroup.com.
