World Paint & Coatings to 2017
Published Date: March 2014 Price: Single User: US$6200
No. of Pages: 431 Corporate User: US$8800
New Market Research Report on â€œWorld Paint & Coatings to 2017â€? added to ReportsnReports.com
Global demand to rise 5.2% annually through 2017 Global demand for paint and coatings is forecast to rise 5.2 percent per year to 51.6 million metric tons in 2017, valued at $186 billion. Advances will be driven by a strong rebound in global building construction spending, particularly in North America, Europe, and Japan, fueling increased demand for architectural paint. Manufacturing and specialty coatings demand will also grow at a more rapid pace compared to recent historical trends, benefiting from an improved outlook for motor vehicle production and overall industrial output. However, gains will be limited by the increased use of higher quality coatings in both the developed and developing worlds, reducing the volume necessary to complete a given paint job. Water-based coatings and other high-solids formulations will gain share over solventborne products in virtually all world markets, as paintmakers continue to reduce emissions of volatile organic compounds (VOCs) in coatings to comply with government regulations and consumer preferences.
World Paint & Coatings to 2017
Asia/Pacific to remain largest, fastest growing The Asia/Pacific region will continue to be the largest and fastest growing coatings market through 2017, rising to account for half of global demand. Gains will be led by robust growth in China, the worldâ€™s largest coatings market, although demand will slow somewhat from the double-digit pace of the 2002-2012 period. Even faster growth is forecast for the large Indian market, while other countries in Asia such as Indonesia, Thailand, and Vietnam will experience strong gains as well. In North America, a marked turnaround in building construction activity will fuel healthy growth in coatings demand, while Western Europe and Japan will see similar (though slower) rebounds in coatings markets. Among the other areas of the world, best opportunities are expected in the Africa/ Mideast region, where paint demand per capita is the lowest in the world.
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