Anthony Locicero, Associate Editor11.06.17
The architectural or decorative coatings market – the largest segment of the global coatings industry – grew in value by 4.9 percent ($46.76 million to $58.24 million) annually from 2010-2015 and by 4.3 percent in volume (17.79 million to 21.96 million liters), according to The Chemquest Group.
In Chemquest’s Global Market Analysis of the Paint & Coatings Industry (2015-2020), which was prepared for the International Paint and Printing Ink Council (IPPIC), the segment value for 2020 is predicted to be $73.28 million – at a rate of 4.7 percent in annual growth.
The volume increased by 4.3 percent annually between 2010-15 and the report expects a nearly identical 4.2 percent growth through 2020 (up to 26.91 million liters).
With the demand to grow at a similar annual rate, the market value could be as high as $178 billion in 2020 on a volume of 50 billion liters, per Chemquest.
Employees from some of the top paint suppliers see a bright future as well.
“As the current economic conditions continue, consumer confidence will energize a continued upswing in both new construction a
In Chemquest’s Global Market Analysis of the Paint & Coatings Industry (2015-2020), which was prepared for the International Paint and Printing Ink Council (IPPIC), the segment value for 2020 is predicted to be $73.28 million – at a rate of 4.7 percent in annual growth.
The volume increased by 4.3 percent annually between 2010-15 and the report expects a nearly identical 4.2 percent growth through 2020 (up to 26.91 million liters).
With the demand to grow at a similar annual rate, the market value could be as high as $178 billion in 2020 on a volume of 50 billion liters, per Chemquest.
Employees from some of the top paint suppliers see a bright future as well.
“As the current economic conditions continue, consumer confidence will energize a continued upswing in both new construction a
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