A profile of the Eastern European paint industry

The total market for paints and coatings in Eastern Europe was over 2.8 million tonnes in 2013, and is forecast to rise more than 3.3 million tonnes by 2013. This is equivalent to an average growth rate of 2.7%. On a country-by-country basis, Russia is by far the largest national market, accounting for approximately 54% of total demand. The Russian paints and coatings market is forecast to grow at a modest rate due to the slowdown of the Russian economy caused by a drop in oil prices, high interest rates and Western sanctions. The second largest paint market of Turkey will enjoy the highest growth rate over the next few years, underpinned by increasing domestic demand for locally-manufactured goods and increasing income of the Turkish population.

Source: https://www.european-coatings.com/articles/archiv/a-profile-of-the-eastern-european-paint-industry