The State of the Global Coatings Industry

The current global economic downturn has affected virtually every industry, including paints and coatings. Over the period 2002 to 2007 the global paint and coatings industry grew at an annual rate of nearly five percent in terms of volume and nearly seven percent in terms of revenue. The market slowed significantly in 2008 and is projected to be flat to declining for 2009. Orr & Boss estimates that total global 2008 revenues for the paint and coatings industry were approximately US$93 billion on a volume of more than 27 billion liters.

In early 2008, the International Paint and Printing Ink Council (IPPIC) retained Orr & Boss to prepare a comprehensive, in-depth market analysis entitled, Global Paint and Coatings Industry Market Analysis Report (2007 � 2012). Coatings market data presented in this article is based on the intensive market research conducted for the completion of this study of the global paint and coatings industry. For the purposes of the IPPIC report and for this article, the global paint and coatings industry has been segmented into, studied and presented according to the market sectors listed in Table 1.

Market overv