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    Breaking News

    MarketLine: Global Paints and Coating Market Value Surpassed $141 Billion in 2015

    ...

    Related CONTENT
    • Global Demand Volume for Paints and Coatings Expands by 14% in Q1 2021
    • Significant Contraction of Global Paints, Coatings Market in 2020
    • Growth for the Global Paints and Coatings Market in Q3-2020
    • Coherent Market Insights: Paint And Coatings Market To Surpass $220 Billion By 2027
    • Decorative Paints and Coatings Market Expected to be Worth $114.72 Billion by 2021
    12.08.16
    The global paints and coatings market grew to a value of $141.5 billion in 2015, with Asia-Pacific (APAC) emerging as the largest regional market, and accounting for more than 55% of global market value, according to research firm MarketLine.

    The company’s report shows that China and the US form the two largest paints and coatings markets, valued at $53.3 billion and $21.3 billion, respectively. China, however, is expected to continue growing at a fast pace, while growth in the US is forecast to be moderate.

    Mohammad Hamza Iqbal, Analyst for MarketLine, states: “The global market has been growing at a healthy pace in recent years, with the compound annual growth rate (CAGR) standing at a strong 5.5% between 2011 and 2015. However, this figure does not necessarily represent all regional markets, since Europe in the same period has witnessed a CAGR of only 1.8%, with France notably standing out for very weak growth. By contrast, the APAC region has grown with a CAGR of 8.3% in the aforementioned period.”

    Forecasts to 2020 suggest that trends within the global paints and coatings market should remain largely the same, with growth decelerating slightly in the APAC region as, amongst other factors, the Chinese economy slows down. APAC should nevertheless be the strongest performing region over the forecast period, and is expected to rise at a CAGR of 6.3%. Growth in the European regional market, meanwhile, is expected to accelerate slightly to 2% over the same timeframe.

    MarketLine’s report shows that the architectural and decorative segment was the largest in the global paints and coatings market, accounting for 51.1% of its total value. Regional variations exist as far as segmentation is concerned, however, with the industrial paints and coatings segment, for example, forming the largest one in the Middle Eastern and Japanese markets. The architectural and decorative segment, however, formed 51.0% of the US market.
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    Related Breaking News

    • Breaking News | Market Reports
      Global Demand Volume for Paints and Coatings Expands by 14% in Q1 2021

      Global Demand Volume for Paints and Coatings Expands by 14% in Q1 2021

      Volume growth was supported primarily by the decorative paint segment, which increased 22 % year over year.
      06.16.21

    • Breaking News | Market Reports
      Significant Contraction of Global Paints, Coatings Market in 2020

      Significant Contraction of Global Paints, Coatings Market in 2020

      Top 11 global paint and coating producers experienced a sales turnover decline greater than -6% (Euro value) compared to 2019.
      Chem Research 03.11.21

    • Breaking News | Market Reports  | Market Trends & Forecast
      Growth for the Global Paints and Coatings Market in Q3-2020

      Growth for the Global Paints and Coatings Market in Q3-2020

      The global demand for paints and coatings has resumed growth in the third quarter of 2020.
      Coatings World staff 11.09.20


    • Breaking News | Market Reports
      Coherent Market Insights: Paint And Coatings Market To Surpass $220 Billion By 2027

      Coherent Market Insights: Paint And Coatings Market To Surpass $220 Billion By 2027

      ...
      Coatings World staff 10.12.20

    • Breaking News

      Decorative Paints and Coatings Market Expected to be Worth $114.72 Billion by 2021

      ...
      05.05.17

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