Reportlinker.com has published a new market research titled, "Paints and Coatings: Global Markets & Advanced Technologies. According to the report, the global paints and coatings market was valued at approximately $99.5 billion at the end of 2010. This global market figure is expected to increase with a modest compound annual growth rate (CAGR) of 3.2 percent for the five-year period of 2010 to 2015 and reach $116.4 billion by the end of 2015.
The powder coating and emerging technologies segment will experience the highest growth with a CAGR of 5.9 percent over the forecast period. This sector is valued at nearly $18 billion in 2010 and is expected to reach more than $23 billion by 2015.
Waterborne technology coatings are by far the largest type of environmentally friendly coatings and the market for them was valued at $24.8 billion in 2010, and is expected to grow to $31.6 billion in 2015, a compound annual growth rate CAGR of five percent.
This report studies and highlights the role of paints and coatings in providing color and protection. It 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.