This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Construction Boom In Eastern Europe Accelerates Growth Of Decorative Paints And Coatings Market, Finds Frost & Sullivan





LONDON, April 9, 2013 /PRNewswire/ -- A growing construction sector in Eastern Europe - combined with other factors such as volatile organic compound (VOC) emission regulations, and consumer interest in interior decoration - will spearhead the growth of the decorative paints and coatings market in Europe. Emphasis on environmentally friendly products will further aid market development in the region. Norway is likely to register the highest growth in the whole of Europe.

New analysis from Frost & Sullivan ( http://www.chemicals.frost.com), Strategic Analysis of the European Market for Decorative Paints and Coatings, finds that the market earned revenues of more than €9,4 billion in 2012 and estimates this to reach €11,6 billion in 2019.

The growing construction industry in Eastern Europe boosts the prospects of the decorative paints and coatings market while Norway is expected to register the highest growth in Europe owing to the increase in residential, commercial and infrastructural building construction. New shopping mall, hotel and hospital projects will open up opportunities in Turkey and Sweden.

"Growing consumer interest in home decoration and aesthetics, and the improving standards of living in Eastern Europe have accelerated market growth," said Frost & Sullivan Chemicals, Materials and Food Research Analyst Soundarya Shankar. "Moreover, the economic slowdown has compelled consumers to save costs by painting their own houses instead of hiring professionals, widening the scope of the do-it-yourself (DIY) segment."

End-user awareness on the benefits of reduced VOC emissions has accelerated demand for water-borne decorative paints and coatings, which will soon replace solvent-borne products in interior applications. Stringent laws, especially in the Netherlands that aim to prevent health complications, have also forced manufacturers to focus on sustainable products with low or zero VOC content.

In Western Europe, however, the market has reached saturation, and slow infrastructure growth will limit market revenues in the short and medium terms. Besides, materials such as bricks, tiles, glass, decorative concrete, marble and wallpapers serve as better and cost-effective alternatives.

"Escalating product prices and raw material scarcity add to the challenge, and paint and coating manufacturers need to strengthen their relationship with raw material suppliers to avoid being affected," said Frost & Sullivan Research Analyst Gabriela John Swamy. "They need to achieve sustainability across the value chain, and raise awareness on the advantages of environment-friendly solutions over conventional products."

Market consolidation is a likely trend, as larger entities look to enhance brand visibility and expand market share.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs