Global Paint Industry

4 billion in the year 2020 is projected to.

Global paint industry.

Coatings refer broadly to any type of covering that is applied to an object s surface for. Global paint and coatings industry market value 2017 2027 global coatings and paints market value by region 2018 2024 global paints and coatings market volume 2015 2018. Our editorial staff has spent many hours researching the industry to provide you with. Although at a slightly slower pace.

Global robotic paint booth market to reach 4. The market is expected to be driven by the increasing product consumption in the construction automotive and general industries application sectors. Decorative coatings contribute about 45 of the total value and industrial coatings about 55. The market is expected to witness significant growth in emerging economies such as india china and indonesia.

4 billion by 2027. The global paints and coatings market size was valued at usd 146 2 billion in 2019 and is expected to grow at a compound annual growth rate cagr of 4 3 from 2020 to 2027. In general we expect growth to continue in 2018. Coatings world is proud to bring the industry our annual top companies report the only truly global ranking of the top manufacturers of paint and coatings.

The global coatings industry experienced good growth in 2017 with decorative coatings leading the way in terms of global growth. 6 1 3 trends and forecast of global automotive industry 6 1 4 trends and forecast of global construction industry 6 2 covid 19 impact 6 3 covid 19 economic assessment 6 3 1 covid 19 economic impact scenario assessment. The global paint and coatings industry is a major subset of the international chemical industry. The total value of the industry is approximately 150 billion usd in 2019.

A global team of industry recognized experts contributes incisive and thought provoking analysis. To help listeners stay abreast of changes new developments and trends in their industry ihs markit experts and analysts have contributed to podcasts on timely and thought provoking topics. Top 10 paint coating companies in the world the sherwin williams. 7 covid 19 impact on paints coatings market page no.

Automotive and industrial coatings also experienced good growth too but not quite as high as that of decorative coatings segment. The industry consists of decorative coatings and industrial coatings. Amid the covid 19 crisis the global market for robotic paint booth estimated at us 3. The global paints and coatings market size is anticipated to reach usd 202 7 billion by 2027 according to a new report by grand view research inc registering a cagr of 4 3 over the forecast period.