Global Paints & Coatings Market Revenue Posted 5.9% CAGR During 2012-2016, States MarketLine in Its Report Published at MarketPublishers.com04 Jul 2017 • by Natalie Aster
LONDON – The total revenue generated by the worldwide paints & coatings sector as of 2016 stood at over USD 143.893 billion, registering a 5.9% CAGR during 2012-2016.
With respect to consumption volume, the market gained traction over the review period, recording a 4.3% CAGR, reaching a total of 45,324.3 thousand tonnes by end-2016.
The main end-use sectors in the marketplace are the construction industry for architectural and decorative coatings, and the production for industrial and special-purpose goods.
Over 2012-2016, construction output in APAC grew with a 10% CAGR, and manufacturing output with a 2.3% CAGR. This robust expansion, specifically the former, has boosted the demand for paints and coatings. In China, the CAGRs were 11.4% and 6%, respectively, signifying the key role this nation plays in sustaining both the global and regional demand.
New market research report “Paints & Coatings Global Industry Guide 2017” drawn up by MarketLine provides a comprehensive, detailed assessment of the performance of the market on a global scale.
The study contains market value and volume data, historical as well as projections, and offers essential information on the market shares. The research provides detailed segmentation of the market by category, as well as based on geography. The research casts light on the market growth trends, includes Porter’s five forces analysis to determine the competitive intensity of the paints & coatings industry. It includes an all-round review of the leading players, featuring their operations worldwide and financial information. The report also covers an in-depth analysis of the factors affecting the strength of competition in the marketplace.
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