Global coating demand is expected to reach 54.7 million tons by 2020
Freedonia Group, a US market research organization, recently released an analysis report, predicting that the global demand for coatings will grow at a rate of 3.7 per cent a year and will reach 54.7 million tons in 2020, when the market value will reach $193 billion. Affected by the strong economic growth in developing regions, especially in the Asia-Pacific region, the good situation in the construction sector will stimulate the sales of architectural coatings. At the same time, the increased investment in manufacturing and infrastructure in the region will further promote the application of industrial coatings in vehicles, furniture, ships, highways, bridges and other fields, and coating manufacturers will gain business opportunities. however,
2020-05-06