Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Paint, Coatings Industry Records Losses Worldwide in 1Q 2020 - Coatings World

What are you searching for?

Sign in
Market Research

Paint, Coatings Industry Records Losses Worldwide in 1Q 2020

In the first quarter of 2020, sales of decorative paints declined three percent from the previous year’s level, while sales of industrial coatings were down about eight percent year-on-year. 
 
For the second quarter of 2020, a sharp sales drop of up to 35 percent is expected, especially in the industrial coatings segment, as production volumes in the key automotive and metal processing market segments will have fallen drastically. 
 
The individual companies are showing different growth trends, which is due to their segment and regional mix or acquisition activities. The companies with a high proportion of automotive OEM finishes and industrial coatings in their product portfolio show more negative development. 
 
With sales of approximately $60 billion in 2019, the top 10 global companies hold a share of about 45 percent of the global market for paints and coatings. 

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters