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 Kusumgar, Nerlfi & Growney Announced Third Global Paint & Coatings Study - Coatings World

What are you searching for?

Sign in
Breaking News

Kusumgar, Nerlfi & Growney Announced Third Global Paint & Coatings Study

By: Catherine Diamon

Kusumgar, Nerlfi & Growney has announced the commencement of its third Global Paint & Coatings study.  According to the firm, global consumption of coatings in 2016 is a projected 88 billion pounds (40 MM tons) worth some $130 billion. Growth has slowed in recent years following the modest bounce back from the recession year of 2009.  The Asia-Pacific region continues to lead the way in growth.  However, growth in Asia-Pacific has also slowed owing to global and local economic uncertainties. The recent decline in raw material prices has contributed to downward pressure on coating prices.

The Asia-Pacific Region remains the largest consumer of coatings with an estimated 47% of the volume in 2016. China accounts for over one-half of the region’s consumption with growth moderating the last 2-3 years following the rocket rise in prior years.  India is now about 15% of the regional volume and continues to increase its share.

Europe is the second largest market for coatings taking a projected 23% of the global volume in 2016. Growth remains low in most EU countries with the decline in the Russian economy a drag on consumption. The prospect of waning growth in Turkey is a headwind for the near future. North America was an outlet for 17% of the global coating volume in 2016 and has mature growth prospects. The South and Central America region represents 7% of the global demand in 2016.  Growth in the region has slowed significantly with the recession in Brazil the leading cause.

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