Volume of the world coatings market increased by 10%Production of ecological materials sets new trends in the coatings industry. One of the key factors for the growth of the market is the construction industry. One of the key factors for the growth of the market is the construction industry.
However, due to the lack of efficient production technologies and quality management, many companies are still unable to start production of high-end products. In general, according to the World Paint and Coatings Industry Association, the 2012 volume of the international coatings market grew by 10%, while the average cost of production increased by 4.5%. During the year it sold 39.82 million tons of coatings, valued at $ 120 billion.
Paint industry depends largely on the objectives of consumers: the expansion of the construction sector, shipbuilding, automotive industry. Developing markets demonstrating great potential for architectural paints and industrial coatings, particularly water-based.
The Asia-Pacific region still stands in the role of main engine market with a share of 42%. China accounts for more than half of consumption, while India buys about 15% of the total produced in the region of paint products. Europe is the second largest market with a share of 27%. Countries in South and Central America accounted for 8% of global demand in the future is expected moderate growth.