GIA's Report Forecasts the Global Coatings Market to Reach USD 107 Bn in Value by 2017
- May 28, 2012
The global market for Coatings is forecast to reach 8.7 billion gallons in volume and US$107 billion in value by the year 2017. Major factors driving growth in the market include the recovery of global economies from the recent economic turmoil, rapid industrialization, and increasing demand from end-use sectors, such as automotive and construction. Additionally, growth in the global market would be spurred by the increasing stringency in regulations, rising competition, growth in unique formulations, and technological and product developments.
UV-cure coating technology is increasingly being seen as the future technology in the area of industrial coatings. The technology represents one of the rapidly growing segments in the coatings industry, and is arguably emerging as the answer to the rising environmental concerns and stringent regulations. Several application related advantages come to serve the technology that include absence of pot life issues, lower energy costs, fast cure speed, and reduced environmental impact. As such, one-component UV-cure coating ranks among the fastest coating chemistries available in the present context. Curing through one-component UV-cure coating takes few seconds to minutes, which makes it more ideal for use in applications that require faster turnaround time. Both types of UV-cure coating - waterborne and solids formulation feature ultra-low VOC (volatile organic compound) levels.
This report analyzes the worldwide markets for Coatings in Million Gallons and US$ Million by the following Product Segments: Architectural Coatings (Exterior Solvent Based Architectural Coatings, Exterior Water Based Architectural Coatings, Interior Solvent Based Architectural Coatings, Interior Water Based Architectural Coatings, Architectural Lacquers, & Other Architectural Coatings), OEM Product Coatings (Automotive and Other Transportation Equipment Finishes, Appliances Finishes, Wood Finishes, Metal Finishes, Container Finishes, Machinery and Equipment Finishes, Non-Wood Finishes, Paper and Paperboard Finishes, Electrical Insulation Coatings, and Powder Coatings, Other Industrial Product Coatings, & Other OEM Product Coatings), and Special Purpose Coatings (Industrial Maintenance Coatings, Automotive Finishes, and Other Special Purpose Coatings). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 385 companies including many key and niche players such as Akzo Nobel N.V., Arkema S.A., Ashland Inc., BASF SE, Benjamin Moore & Co., CFC International, Inc., Columbia Chemical Corporation, DuPont Coatings and Color Technologies, Eastman Chemical Company, H.B. Fuller Company, Hempel A/S, Kansai Paint Co Ltd., Lanxess AG, Nippon Paint Co Ltd., PPG Industries, Inc., Rohm and Haas Company, Sherwin-Williams Company, and Valspar Corporation. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.
Abou Global Industry Analysts
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Recognized as one of the most consistently accurate forecasting company in the world, GIA currently serves more than 8,500 companies from 36 countries worldwide. The company was founded in 1987, initially recognized globally as a research boutique specializing in the medical industry. Over the past 25 years, the company expanded its coverage and now publishes extensively upon more than 180 major industries.
Source: Global Industry Analysts
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