According to an upcoming study by the consulting firm Kusumgar, Nerlfi, & Growney, global consumption of coatings in 2012 is projected to come in at 67 billion pounds, worth $120 billion.
Adhesives have gained a strong position in more and more production processes. There is hardly any product in our surroundings that does not contain at least one adhesive - be it the label on a beverage bottle, the protective film on an automobile or the profile on window frames.
According to a new report by market research firm RNCOS, the U.S. nanotechnology market is rapidly emerging with significant R&D activities on products at their initial phase.
Architectural coatings protect and beautify buildings but use tremendous amounts of petroleum, water and energy. Environmental imperatives mean that sustainability of architectural coatings is increasingly vital, and their role in building energy efficiency is growing with the widespread acceptance of building standards such as LEED and NZEB, according to a Lux Research report.
The automotive coatings manufacturing industry's performance has been streaky during the past five years. However, according to a report by market research firm IBISWorld, industry revenue is expected to grow 3.5 percent in 2012 to $1.3 billion.