NEW YORK, NY – The U.S. market for coatings will see full recovery by the end of 2012, with steady growth through the next 10 years. Water-based coatings will experience significant growth and lead the market, which is expected to reach $5.97 billion by 2021. This and other information is found in Paints and Coatings, U.S. Market - 2nd Edition, a recent report by publisher SBI.
According to the report, growth in the construction and remodeling industries will yield increases in the market for coatings. “Architecture produced roughly 736.4 million gallons of paint in 2011,” said Shelley Carr, Publisher of SBI. “Increases in the U.S. population will see the construction of more housing.”