The industry is dominated by large international groups and acquisitions activity has led to concentration of the industry over several years. There has been a further spate of acquisitions activity in 1992. There has also been a tendency for the market leaders to rationalise their activities, concentrating on building up market shares in their core sectors and shedding more peripheral activities. Concern over the health of those working in the paints industry or using paints, and environmental problems, has led to more stringent regulations and a search for less harmful paint formulations. Water-borne paints have now been widely adopted by the automotive industry and have seen increasing sales in the decorative sectors, while aqueous refinish paints are also coming onto the market.
Any upturn is likely to be towards the end of the year.
In the longer term, the prospect is for gradual recovery in the main sectors. More Information Key Note are leading publishers of market research reports. Sift Group Ltd. All rights reserved. A Sift community - supporting 230,000 business professionals in their work.