Study Values Global Coatings Market at Over $141 Billion in 2015
LONDON - The global paints and coatings market grew to a value of $141.5 billion in 2015, with Asia-Pacific (APAC) emerging as the largest regional market and accounting for more than 55% of global market value, according to research firm MarketLine.
The company’s report shows that China and the United States form the two largest paints and coatings markets, valued at $53.3 billion and $21.3 billion, respectively. China, however, is expected to continue growing at a fast pace, while growth in the United States is forecast to be moderate.