Demand for interior paint is forecast to grow 2.9% per year to 535 million gallons in 2020, advancing in line with the overall architectural paint market.
Although enormous efforts have been made to find sustainable solutions for making commercially successful products, the quest for environment-friendly coatings is still in its infancy.
While the United States and Canada are like-minded on the importance of strong economic linkages, which will likely be the case for the foreseeable future, there will be differences in how each addresses other issues like the environment.
A report on the global paints and coatings market by Persistence Market Research, titled Global Market Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020, states that the global market for paints and coatings in 2013 accounted for $121.9 billion and is predicted to expand at a CAGR of 5.5% in the forecast period from 2014 to 2020, to reach an expected value worth $176.5 billion in the year 2020.
The ChemQuest Group Inc., a business strategy firm in specialty chemicals, and the Adhesive and Sealant Council (ASC) jointly announced that the 2015-2019 Water Based Adhesives in North America Market Report is now available for purchase through the ASC storefront.
According to research firm Allied Market Research, the powder coatings market in Southeast Asia is expected to reach $295.9 million by 2022, up from $222.7 million in 2015, with a CAGR of 4.2% from 2016 to 2022.
In 2016, China’s titanium dioxide (TiO2) industry experienced enormous price rises and high demand, a rebound from the market in 2015, according to analysis by market intelligence firm CCM.