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In the medium term the European market for interior and exterior paints will no longer grow so quickly as it has done in past years, despite new stimulus provided by fashion trends. An analysis completed by management consultants Frost & Sullivan suggests that sales of US $ 8.75 bn in the year 2001 will rise to no more than US $ 9.08 bn by the year 2007. This amounts to an annual growth rate of 0.8 per cent.
The European house paint market
Year
Sales in US $ bn
% growth rate
1998
8.18
1.4
1999
3.39
2.5
2000
8.60
2.5
2001
8.75
1.8
2002 Fcst
8.84
1.0
2003 Fcst
8.94
1.1
2004 Fcst
9.00
0.6
2005 Fcst
9.05
0.5
2006 Fcst
9.07
0.3
2007 Fcst
9.08
0.1
Source: Frost & Sullivan Report
Year
Sales in US $ bn
% growth rate
1998
8.18
1.4
1999
3.39
2.5
2000
8.60
2.5
2001
8.75
1.8
2002 Fcst
8.84
1.0
2003 Fcst
8.94
1.1
2004 Fcst
9.00
0.6
2005 Fcst
9.05
0.5
2006 Fcst
9.07
0.3
2007 Fcst
9.08
0.1
Source: Frost & Sullivan Report
