KONSTANZ, Germany - According to a new report by Ceresana, Konstanz, Germany, global demand for coatings is likely to reach 48 million metric tons in 2019, due to a rise in demand and increasing application possibilities for functional coatings. Growth is expected to accelerate compared to the previous eight years.

Researchers expect that Asia-Pacific will continue to expand its leading position on the world market within the next eight years. Currently, about a third of global revenues are generated in this region.