The global coatings market is projected to reach 116.4 billion US dollars

The global coatings market will register an annual growth rate of 3% and reach a scale of 116.4 billion U.S. dollars by 2015.

According to the latest market research released by Reportlinker.com, the total value of the global coatings market stood at nearly 99.5 billion U.S. dollars in 2010. Over the following five years (2010–2015), the global coatings industry maintained a moderate growth trend with a compound annual growth rate of approximately 3.2%, and the market size is expected to hit 116.4 billion U.S. dollars in 2015.

Industry experts stated that in 2010, a total of 2,749 above-scale coating enterprises in China achieved a current-price industrial output value of 232.459 billion yuan, while the total import and export trade volume of the coatings industry reached 1.641 billion U.S. dollars.

The research report also indicated that among all market segments, powder coatings and emerging coating technologies will record the highest compound annual growth rate at about 5.9%. The market size of this segment was around 18 billion U.S. dollars in 2010 and is projected to rise to 23 billion U.S. dollars by 2015.