Agency: Buchanan Company, The | Author: Keith Laity |
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THE MARKET
The UK market for paints falls neatly into two major sectors 50% of architectural paint (defined as paints and coatings used in and on buildings for decorative and preservative purposes), and 3540% industrial coatings; with relatively minor specialised products such as marine paints, structural steel coatings etc, mopping up perhaps 1013% in volume terms.
The virtually constant market (average growth over the ten years 197686 of 1% annually) allows little or no opportunity for organic growth; and this has led...