Ceresana has announced the publication of their 4th study of the world paint and coatings market. According to the report, a total of around 43.3 million tonnes of coatings were sold in 2019. The construction industry currently uses almost half of all paints and coatings that are sold.
Most of the paints and coatings are consumed in the Asia-Pacific region. This part of the world is expected to further expand its leading position on the world market in the coming years. The second largest sales region last year was North America. Powder coatings only account for a small segment of the market for paints and coatings while waterborne coatings are expected to achieve the highest average growth rate in the coming years.
Chapter 1 of the study provides an overview and analysis of the global market for paints and coatings – including forecasts up to 2027: the development of sales, demand, and production, is illustrated for each region of the world. The market figures on demand are broken down by applications, product types, and technologies. The regional markets for paints and coatings are analysed, providing data on use in construction, transportation, wood processing, industry products, and other applications. The demand for individual product types is also examined.
The second chapter looks at countries in detail in terms of consumption and production, application areas, and the different paint types used. Chapter 3 has a useful directory of the 112 most important manufacturers of paints and coatings, clearly arranged according to contact data, revenues, profit, product range, production sites, and profile summary.