The paint and coatings market in Thailand currently stands at around Baht 25 bn ($816 M), with an overall paint consumption of around 300,000 tonnes/y. Production capacity, meanwhile, is placed at more than 400,000 tonnes/y. The Thai paint and coatings market has benefited from the overall growth in the economy as the country recovers from the 2011 floods. The paint sector is being driven by the increasing sales of decorative paints and coatings for post-flood repairs as well as by new manufacturing plants in the cosmetic and food sector. It is also being propelled by the nation's first-car purchase subsidy scheme, which has helped the country emerge as the top seller of cars in the ASEAN region in the first eight months of 2012. The establishment of the ASEAN Economic Community in 2015 is also anticipated to bring further boost to the country's paint and coating manufacturers. New launches in 2012, include high-end residential paints, water-based paints, powder paints as well as UV inks and coatings. For 2013, the industry is expected to roll out new odourless paints and high-friction flooring lacquers.