Study Expects Moderate Growth in Architectural Coatings Market
DUBLIN, Ireland — The architectural coatings market is anticipated to witness moderate growth in the coming years, with demand in 2018 expected to have surpassed 33,000,000 tons, according to the latest report by Fact.MR. Robust growth in the global construction industry continues to impact demand. Reconstruction and renovation projects around the world are also contributing to growth in the architectural coatings market.
The construction industry is likely to grow significantly in the United States, India and China. According to the report, Global Construction 2030, these three countries are expected to account for nearly 57% of the global growth.