The global market for paints and coatings increased from $88.3 billion in 2006 to an estimated $91.2 billion in 2007. It should reach $102.8 billion by 2012, a compound annual growth rate (CAGR) of 2.4%.
Much of the growth over the past 5 years has been driven by increasing demand in developing markets, especially China, Thailand, Indonesia, India and Taiwan, along with Eastern Europe, comprising Russia, Hungary and the Baltic States.
In the application sector, automotive coatings are recording strong growth due to increased car ownership at the global level, especially in Asia Pacific and Eastern Europe.
Report Code: CHM049A, Published: November 2007, Analyst: Srinivasa Rajaram
INTRODUCTION
This report studies and highlights the role of paints and coatings in providing color and protection, explains the technology and innovation behind coatings development and production, and gives a market overview, analyzing major market trends both in terms of region and application sector. In addition, the report studies in detail the new developments taking place in the paints and coatings industry with respect to continuous improvements in environmental performance.
The report analyzes the market for various coating products as well as for the technologies involved. The market for various emerging technologies in coating as well as the new products produced using these technologies has been looked into in the report.
The report also analyzes the various applications of coatings in detail and the markets of such applications, with special emphasis on the new products being developed and markets for such products. Along with the development of new products, research and development is taking the coating technology to new heights, and a closer look into such technologies has been made in the report. New applications coming out of emerging technologies are also discussed.
Customers are driving the increased demand for coatings with huge expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties. All of the above expectations require special attention from manufacturers in order to ensure that products meet expected standards and the market remains buoyant. This report pinpoints the need for the industry's commitment to continuous improvement in environmental performance and takes a glimpse at a future in which the functionality of coatings will be enhanced and transformed from the conventional areas of protection and aesthetics to meet additional and more specific demands.
SCOPE OF STUDY
This report contains:
Descriptions of various types of paints and coatings including architectural, decorative, industrial and special purpose coatings
The current market status for paints and coatings, trends, and forecasts for growth over the next 5 years
Discussion of new technologies including nano coatings and vapor permeation of injection-cured coatings, along with efforts towards improved environmental performance
Analysis of the paints and coatings industry on a worldwide basis, from a market and application perspective
Industry structure and competitive analysis with profiles of top international coatings companies.
INFORMATION SOURCES
Primary information sources for this market research include manufacturers and suppliers of paints and coatings around the world, raw material suppliers for manufacture of these products, major users of these products, research organizations, governmental agencies, trade associations, and various equipment suppliers. Additional secondary research sources include databases, trade literature, specialized journals, and government statistics. These resources have been researched while compiling this report.
ANALYST CREDENTIALS
Srinivasa Rajaram is a mechanical engineer with more than 40 years experience in designing factory layouts, and setting up factories. He has set up factories for the production of weighing and dynamic balancing machines in India and has experience in designing, production and servicing that equipment. He was Senior Vice President at M/S Schenck Avery Limited, an Indo-German joint venture and has set up an automatic paint shop for painting various components of weighing and dynamic balancing equipment.
Report Code: CHM049A, Published: November 2007, Analyst: Srinivasa Rajaram
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