Kusumgar, Nerlfi & Growney has announced the publication of its third Global Paint & Coatings study.  According to the firm, global consumption of coatings was 90.4 billion pounds valued at $121 billion in 2016 and a 4 percent annual rate of growth is forecast through 2021.  Volume is up 54 percent from the low of the 2009 global recession and 44 percent from the pre-recession level.

The Asia-Pacific region is the leading coating consumer with 47 percent of the volume and 45 percent of the value in 2016 and growth there is placed at 6 percent per year. The emerging economies of the region have been the engine of growth for the industry.  The rocket growth of the recent past is now slowing as increases in China, 59 percent of the volume, have fallen to a more modest mid-single digit rate.  India is now among the leaders in growth in the region at just over 10 percent per year.

The global coating industry continues its move to water-based and other more environmentally friendly technologies, particularly in emerging economies.  Many developed economies now employ a significant percentage of these technologies.  Figure 1 shows recent year consumption of coatings by technology.  Water-based technology has increased its share from one-half of the volume in 2008 to 55 percent in 2016 and it is projected to garner a 57 percent share in 2021.

The information is based upon Kusumgar, Nerlfi & Growney’s multiclient study, Global Paint & Coatings, 2016-2021 which is available through subscription.  Interested parties are invited to contact the company by calling 973-439-0030 or by e-mail at nerlfikng@cs.com.