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Paint and Coating Market Reports

IRL Releases Analysis of General Industrial Coatings Market

MarketForecasts-118438237.jpg
May 30, 2016

LONDON - IRL is offering a detailed and comprehensive guide to the general industrial sector of the coatings industry. The reports provide, for each key country covered (21 countries in total), consumption estimates in both volume and value terms, with 2015 as the base year and forecasts to 2020.

In IRL’s two-tiered approach, top-level data is also available for the remaining countries covered in its global database (~100 countries).

IRL estimates global sales of general industrial paints and coatings to have reached almost 7.6 million metric tons in 2015, with sales expected to reach over 8.9 million metric tons by 2020.

The information in IRL’s reports is based on a comprehensive program of telephone interviews with key players in each country market, backed up by thorough secondary research and IRL’s in-house database of global paints and coatings market data.

IRL has identified over 180 of the leading companies in the major global markets, providing market shares in volume terms for each country and market. The geographic coverage includes the following countries: Germany, United Kingdom, Spain, Italy, France, Poland, Russia, Saudi Arabia, UAE, South Africa, Turkey, China, Japan, South Korea, India, Indonesia, United States, Canada, Mexico, Brazil and Argentina.

In terms of value, global sales of general industrial coatings reached $23 billion in 2015. Asia accounted for the largest share of the market value despite having a substantially lower average price compared to western economies. Europe followed Asia closely in terms of the revenues generated, although with a substantially lower volume sold.

Solvent-based coatings still account for the majority of the sales, although they have been losing share in favor of power and water-based coatings. Powder technologies are particularly used in the “3C” segment (domestic appliances and consumer electronics) and in road marking (thermoplastic powders).

Most of the market value was generated by sales of general finish coatings, followed by coil and extrusion. Metal packaging and coil coatings had the highest average prices, whereas road-marking coatings were the cheapest.

All research was undertaken between January and April 2016 from IRL’s offices in London, New Jersey, New Delhi and Beijing. The research took the form of an extensive telephone interview program with senior executives at major coatings companies in each of the countries covered. The information provided has been crosschecked and validated using other online information, published statistical data and trade association data.

For additional information, visit www.informationresearch.co.uk or contact Cathy Galbraith at cgalbraith@brggroup.com.

KEYWORDS: market reports

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