Global Demand for Industrial Coatings to Reach USD 105.5 Bn by 2022, According to New Report by Industry Experts Available at MarketPublishers.com
14 Jul 2016 • by Natalie Aster
LONDON – The world’s demand for industrial coatings stands at around USD 73.8 billion in 2016. It is forecast to see positive growth by just over 6% per annum during 2016-2022. By 2022, the global demand for industrial coatings will likely reach USD 105.5 billion.
The APAC region takes lead in the world market for industrial coatings in terms of both value and volume. Moreover, this regional industrial coatings market registers the highest growth rates, and this trend is likely to continue in the next 5 years.
General industrial coatings form the biggest product segment within the world industrial coatings marketplace; this segment is predicted to maintain growth at a 5.7% CAGR during 2016-2022. By 2022, the volume of the general industrial coatings segment is expected to increase to 5.4 billion liters (compared to 3.9 billion liters in 2016).
Meantime, the fastest volume growth is anticipated to be recorded in the auto OEM coatings segment, this segment will likely see a 6.6% CAGR through 2022. The volume of the auto OEM coatings segment could reach 3.3 billion liters by 2022 (compared to 2.2 billion liters in 2016).
Topical report “Industrial Coatings – A Global Market Overview” by Industry Experts gives access to trustworthy data on the historical and current performance of the world’s industrial coatings market as well as outlines future growth prospects through 2022. It examines the key growth influencing factors, discusses possible challenges and scrutinizes scenario in the main market segments.
More market research publications by this publisher are available in the Industry Experts’ catalogue.