Kerry Pianoforte, Editor06.08.16
According to market research firm IRL, general industrial coatings is estimated to have reached almost 7.6 million metric tons in 2015, with sales expected to reach more than 8.9 million metric tons by 2020. In terms of value, global sales of general industrial coatings reached $23 billion in 2015. Asia accounted for the largest share of the market despite having a substantially lower average price compared to Western economies. Europe followed Asia closely in terms of the revenue generated, although with a substantially lower volume sold.
According to IRL researchers, solvent-based coatings still account for the majority of the sales, although they have been losing share in favor of powder and water-based coatings. Most of the market value was generated by sales of general finish coatings, followed by coil and extrusion. Metal packaging and coil coatings had the highest average prices.
2015
“Global performance for the industrial coatings market was mixed last year,” said S
According to IRL researchers, solvent-based coatings still account for the majority of the sales, although they have been losing share in favor of powder and water-based coatings. Most of the market value was generated by sales of general finish coatings, followed by coil and extrusion. Metal packaging and coil coatings had the highest average prices.
2015
“Global performance for the industrial coatings market was mixed last year,” said S
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