IPPIC Releases Global Market Analysis for the Paint and Coatings Industry
Global coatings value expected to reach $178 billion in 2020
WASHINGTON — The International Paint and Printing Ink Council Inc. (IPPIC) announced the publication of its Global Market Analysis for the Paint & Coatings Industry (2015-2020). Prepared for IPPIC by The ChemQuest Group Inc., the fifth edition of the Global Market Analysis (GMA) forecasts that global demand for coatings will grow at an annual rate of 4.3% over the next five years, resulting in a 2020 volume of 50 billion liters; and a value of $178 billion is forecast, representing a 4.7% growth rate between 2015 and 2020.
The newest GMA provides comprehensive market research, covering the global paint and coatings industry in more than 175 countries. Topics of relevance to coatings manufacturers, end users, raw materials suppliers, and others interested in the industry are addressed in the report, which covers three primary categories of coatings: Decorative, Original Equipment Manufacturers and Special Purpose, as well as the many sub-segments within those categories.