COATING Insights Releases Two Global Paint and Coatings Market Reports
COATING Insights has released two reports for the paint and coatings markets. The first – titled, Top 11 Global Paints & Coatings Companies – details the growth of the top performing paint and coatings companies. The second – titled, World Market Paints & Coatings – details the global performance of the industry. According to COATING Insights, the global market for paints and coatings grew by 1.3% in volume in the third quarter of 2022. The Top 11 companies grew by 3.8%, which the agency says is due to intensive acquisition activities.
According to the second report, the world market for architectural coatings grew by 0.9% in volume. That growth was somewhat weaker than the industrial coatings market, which grew by 1.7%. The report says the reason for this is the weak demand for architectural coatings in Europe and North America.