Global Industry Analysts, GIA, a leading publisher of off-the-shelf market research, has released a comprehensive global report on the coatings market. According to GIA, the global market for coatings is forecast to reach 8.7 billion gallons in volume and US$107 billion in value by the year 2017. Major factors driving growth in the market include: the recovery of global economies from the recent economic turmoil, rapid industrialization, and increasing demand from end-use sectors, such as automotive and construction. Additionally, growth in the global market would be spurred by the increasing stringency in regulations, rising competition, growth in unique formulations, and technological and product developments.
GIA’s research report, titled “Coatings: A Global Strategic Business Report,” provides a comprehensive review of the industry, market trends, technology, raw materials, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets, such as the U.S., Canada, Japan, Europe, Asia-Pacific, Latin America, and the Middle East.
Market analytics are provided in terms of terms of dollar (value) and gallons (volume) for product groups/segments for the years 2009 through 2017, including: Architectural Coatings (Exterior Solvent Based Architectural Coatings, Exterior Water Based Architectural Coatings, Interior Solvent Based Architectural Coatings, Interior Water Based Architectural Coatings, Architectural Lacquers and Other Architectural Coatings), OEM Product Coatings (Automotive and Other Transportation Equipment Finishes, Appliances Finishes, Wood Finishes, Metal Finishes, Container Finishes, Machinery and Equipment Finishes, Non-Wood Finishes, Paper and Paperboard Finishes, Electrical Insulation Coatings, Powder Coatings, Other Industrial Product Coatings and Other OEM Product Coatings) and Special Purpose Coatings (Industrial Maintenance Coatings, Automotive Finishes and Other Special Purpose Coatings).
The report also analyzes related markets including Coating Additives and Modifiers, Coil Coatings, UV Light Curable Powder Coatings, Coating Resins, Coating Solvents, Wood Coatings Solvents, Plastic Coatings and Automotive Coatings (by type) for the global and specific regional markets, such as the U.S., Europe, and China in both volume and value terms. The study presents historic data for an insight into market evolution over the period 2003 through 2008.
More details about this comprehensive market research report are available from GIA.