10.08.18
Kusumgar, Nerlfi & Growney announced the commencement of its fourth Global Paint & Coatings study.
According to the firm, global coating consumption in 2019 is expected to reach just above 100 billion lbs. and achieve a value of roughly $145 billion. Dollar value will depend upon 2019 exchange rates as well as any price inflation. Growth is placed at a modest four percent annual rate. Coating volume in 2019 will be up more than 70 percent from 10 years ago.
The Asia-Pacific region will represent about one-half of the 2019 volume with China comprising about two-thirds of the region’s consumption. Europe and North America are more mature regions for coating growth representing 21 percent and 16 percent of the poundage, respectively. South & Central American countries, led by Brazil, are projected to take six percent of the global volume.
More environmentally acceptable coatings continue to capture global share. Water-based technology will represent 56 percent of the 2019 volume which is up from a 50 percent share ten years ago. Powder coatings share of industrial coatings will rise to 13 percent from a level of 11 percent in 2009. Radiation-cured coatings are a small percentage of coating volume but continue to outperform market growth, particularly in plastic and wood applications.
According to the firm, global coating consumption in 2019 is expected to reach just above 100 billion lbs. and achieve a value of roughly $145 billion. Dollar value will depend upon 2019 exchange rates as well as any price inflation. Growth is placed at a modest four percent annual rate. Coating volume in 2019 will be up more than 70 percent from 10 years ago.
The Asia-Pacific region will represent about one-half of the 2019 volume with China comprising about two-thirds of the region’s consumption. Europe and North America are more mature regions for coating growth representing 21 percent and 16 percent of the poundage, respectively. South & Central American countries, led by Brazil, are projected to take six percent of the global volume.
More environmentally acceptable coatings continue to capture global share. Water-based technology will represent 56 percent of the 2019 volume which is up from a 50 percent share ten years ago. Powder coatings share of industrial coatings will rise to 13 percent from a level of 11 percent in 2009. Radiation-cured coatings are a small percentage of coating volume but continue to outperform market growth, particularly in plastic and wood applications.
