IRL Releases Study of Global Architectural Coatings Market
LONDON - A new study from London-based IRL provides an in‐depth analysis of the top global markets for architectural coatings, covering market shares and prices for the first time. The reports covers 21 key countries, consumption estimates in both volume and value terms, with 2014 as the base year, and forecasts to 2019.
IRL estimates global sales of architectural paints and coatings reached almost 27 million metric tonnes in 2014, with sales expected to reach over 33 million metric tonnes by 2019. In terms of value, global sales of architectural coatings reached $61 billion in 2014. Asia accounted for the largest share of the market value despite having a substantially lower average price compared to Western economies.