World Paint & Coatings
Growth in world demand for paint and coatings will total 3.7% annually in volume terms through 2020. Gains will be driven by robust economic expansion in developing countries where building construction activity and manufacturing output are advancing at strong rates. Value gains will be supported by growing use of higher quality products (e.g., powder and other high solids formulations) with improved environmental profiles.
This report segments the paint and coatings industry by Product and Market. Data is provided in metric tons and million US dollars.
Paint and coatings product types include:
• Powder Coatings & Other
Water-based formulations will remain the largest segment through 2019. Fast growth will stem from continued displacement of solvent-borne coatings due to concerns about emissions of volatile organic compounds (VOCs).
Major paint and coatings markets are:
• Manufacturing (Motor Vehicles, Furniture & Fixtures, Packaging)
• Maintenance & Specialty (Industrial Maintenance, Roads & Bridges, Marine, Auto Refinishing, Pipelines)
The architectural market was the leading outlet for paint and coatings in 2015. The best outlook is forecast for the maintenance and specialty segment, fueled by increased spending on industrial building projects. In addition, an expanding motor vehicle park will boost demand for vehicle refinishing coatings.
World regions and countries covered in the study include:
• North America
• Western Europe
• Central & South America
• Eastern Europe
The landscape of the global coatings industry continues to shift as several top players expand their geographic and end market reach via acquisitions. Leading suppliers in the world industry include Akzo Nobel, Asian Paints, Axalta Coating Systems, BASF, Kansai Paint, Nippon Paint, PPG Industries, RPM International, Sherwin-Williams, Valspar.