Global Paint Industry

Automotive and industrial coatings also experienced good growth too but not quite as high as that of decorative coatings segment.

Global paint industry.

Global paint and coatings industry market value 2017 2027 global coatings and paints market value by region 2018 2024 global paints and coatings market volume 2015 2018. 7 covid 19 impact on paints coatings market page no. The market is expected to be driven by the increasing product consumption in the construction automotive and general industries application sectors. The global paint and coatings industry is a major subset of the international chemical industry.

4 billion in the year 2020 is projected to. 6 1 3 trends and forecast of global automotive industry 6 1 4 trends and forecast of global construction industry 6 2 covid 19 impact 6 3 covid 19 economic assessment 6 3 1 covid 19 economic impact scenario assessment. Global robotic paint booth market to reach 4. Although at a slightly slower pace.

The industry consists of decorative coatings and industrial coatings. Coatings refer broadly to any type of covering that is applied to an object s surface for. The coatings industry is one of the most. A global team of industry recognized experts contributes incisive and thought provoking analysis.

Our editorial staff has spent many hours researching the industry to provide you with. In general we expect growth to continue in 2018. The global paints and coatings market size was valued at usd 146 2 billion in 2019 and is expected to grow at a compound annual growth rate cagr of 4 3 from 2020 to 2027. The global paints and coatings market size is anticipated to reach usd 202 7 billion by 2027 according to a new report by grand view research inc registering a cagr of 4 3 over the forecast period.

Amid the covid 19 crisis the global market for robotic paint booth estimated at us 3. 72 7 1 value chain of the paints coatings industry. Decorative coatings contribute about 45 of the total value and industrial coatings about 55. The market is expected to witness significant growth in emerging economies such as india china and indonesia.

Coatings world is proud to bring the industry our annual top companies report the only truly global ranking of the top manufacturers of paint and coatings. Top 10 paint coating companies in the world the sherwin williams. 4 billion by 2027. The global paint and coatings industry has an estimated production of 40 million tons.