21 November 2011 16:51 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil's coating industry may produce 1.4bn litres of paints in 2011, becoming the world’s fourth largest paint producer, Antonio Carlos de Oliveira, the president of Associacao Brasileira dos Fabricantes de Tintas (Abrafati), said on Monday.
The consumption per capita of paints should also increase from 7.5 litres (1.65 gal) to 20 litres by 2020, said Oliveira.
Brazil’s growing middle class and the expansion of the construction industry are fuelling the increase in paint consumption, he said.
There may be 23m homes built in Brazil by 2022, Oliveira added.
The automotive sector has also contributed to the spike in paint consumption.
Additionally, the 2014 World Cup and 2015 Olympic Games will add to domestic demand for paints.
Oliveira said only China, the US and Germany produce more paint than Brazil.
(1 litre = 0.22 gal)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|