Parallel to the developments in the construction, automotive and marine industries of Turkey, the paints and coatings industry has also developed and has become one of the most dynamic and FDI (foreign direct investment) concentrated sectors of the Turkish Industry.
Paint production has been increased around 10% annually between 1990 and 2000. Turkish paint industry production has decreased seriously due to the economic crises in 2000 and 2001. After the crises, it has experienced a rapid and steady growth with an average annual rate of 11 %.
Today the paint industry has 800,000 tons of capacity, produces over 500,000 tons of paints and coatings per year; comprises 20 big firms and about 400 small and medium scaled manufacturers, 80% of which are located in Marmara region. Seven companies of the sector are in the ISO's (Istanbul Chamber of Industry) list of Top 500 Companies in Turkey.
Source: ISO, www.iso.orq.tr: "Top 500 Companies of Turkey"
About 60% of production capacity of the Turkish paints and dyes industry consists of decorative paints (61% is water-based, 39% is synthetic). Apart from construction sector, paint industry provides inputs also for automotive, furniture, leather, glass, ceramic, textile and printing sectors, which are all very dynamic sectors of Turkey.
Source: www.bosad.org (Society of Paint Producers)
Paint industry utilizes 60% of its production capacity because of insufficient domestic demand.
The paint sector has reached world quality standards. Most of the firms have ISO 9000 certification. Dyes and paints sector adapts itself in ecological and technical standards particularly developed in European Union.