LONDON – In 2010, the global coating market hit about $90 billion and is expected to grow about 10 percent to $99 billion in 2011. This information is presented in “Global and China Coating Industry Report, 2010-2011,” a new research report developed by ResearchInChina that has been recently published by Market Publishers Ltd.
Decorative coatings is the largest application area, accounting for approximately 45 percent of the total market, followed by vehicle coating, making up roughly 15 percent, and protective and marine coating (PMC), accounting for about 12 percent. General industrial coatings stand at roughly 10 percent, followed by powder coatings, wood coatings, coil coatings and packaging coatings.