Paints and Coatings: Global Markets & Technologies

July 12, 2011

Wellesley, Mass. – In a recent release, PAINTS AND COATINGS: GLOBAL MARKETS & ADVANCED TECHNOLOGIES (CHM049B) from BCC Research (www.bccresearch.com), the global market for paints and coatings was worth nearly $100 billion in 2010. That value is projected to be nearly $117 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 3.2%.

The global market for paints and coatings can be broken down by technology into three segments – solvent/water-borne technologies, high solids/radiation cure technologies, and powder/emerging technologies.

The segment made up of solvent/water-borne technologies was valued at $62.6 billion in 2010, and in 2015 should be worth $68 billion, yielding a CAGR of 1.7%.

The segment made up of high solids/radiation cure technologies, worth $19.3 billion in 2010, should rise to $25 billion in 2015, a CAGR of 5.2%.

The segment made up of powder/emerging technologies was worth $17.8 billion in 2010 and in 2015 should be worth $23.7 billion, a CAGR of 5.9%.

Paints and coatings are generic terms typically used to identify a wide range of surface finish products, including conventional solvent-borne formulations, varnishes, enamels, lacquers, and water-based systems. The report explains the technology and innovation behind paint and coating development and production, and offers a market overview, analyzing major market trends both in terms of region and application sectors. The study also goes into detail about new developments taking place in the paints and coatings industry with respect to continuous improvements in environmental performance.

Currently, 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. The marker remains interesting and growing on a global level; legislation, however, is causing the market to evolve on a technology basis, and products and formulations are likely to change drastically in the next five years.

This report is most useful to marketing managers to identify opportunities, research and development professionals to help stay competitive, and business developers to better understand the dynamics of the market and identify possible new markets.

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Paints and Coatings: Global Markets & Advanced Technologies( CHM049B )
Publish Date: Jan 2011    

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