The recent downturn in the global economy has had a negative impact on the coatings industry, as was the case with several other sectors. The global coatings market witnessed a substantial decline in volume and value sales during the downturn. However, the impact of the recession varied among segments within the industry.

Production within the global coatings market is witnessing a major shift away from the developed regions of Europe and the United States to the developing economies such as Asia. Sustained demand from the developed countries and the burgeoning demand from the developing economies are contributing to the overall expansion of the coatings market worldwide.

The mergers and acquisitions activity within the industry in the past decade has made the big players even bigger and made it more difficult for the smaller players. Mature markets tend to form an anti-inflationary environment, which compels companies to reduce costs and at the same time enhance productivity. As a result, larger companies are left with no alternative but to integrate operations into a single entity in order to maintain synergies, cut down on costs, and to jointly initiate R&D and marketing efforts.

For more information about the report, Global Paint and Coating Market 2011-2015, click here.