The Asia-Pacific Region is the largest consumer of coatings taking 42 percent of the volume in 2012. China accounts for over one-half of the region’s consumption with growth now moderating from the rapid expansion of the past. India is now about 15 percent of the regional volume and continues to increase its share.
Europe is the second largest market for coatings taking 27 percent of the global volume in 2012. Consumption in 2012 was hurt by the region’s economic crisis. North America was an outlet for one-fifth of the global coating volume and has mature growth prospects. The South and Central America region was eight percent of the global demand in 2012. Growth in the region slowed in 2012 but is forecast to grow modestly in the future.
The above information will be part of Kusumgar, Nerlfi & Growney’s current multiclient study, Global Paint & Coatings, 2013-2018. The study is available through subscription. Interested parties are invited to contact the company by calling 201-773-0785 or by email at email@example.com.