LONDON - According to a new report published by Infiniti Research, the global coatings market is forecast to increase at a compound annual growth rate of 5.46 percent through to 2015, with the industry set to hit 8.7 billion gallons and $107 billion by the year 2017.

Key factors contributing to growth within the coatings market include the recovery of global economies from the recent economic turmoil, rapid industrialization, increasing demand from end-use sectors such as automotive and construction, the increasing stringency in regulations, rising competition, growth in unique formulations, and technological and product developments.