3.0% CAGR expected in Global Industrial Coatings

By 6th February 2019No Comments

The global demand in the Global Industrial Coatings Market is estimated to be 17 million tonne (12.8 billion litre) with the values of €65.9 billion in 2018; the global market is expected to grow at 3.0% CAGR over the period from 2018 to 2023.

The global market for industrial coatings is divided into three broad categories: coatings used in Construction and Infrastructure account for 38% of estimated global coatings demand; coatings used in Packaging and General Industrial applications are also 38% of global demand; and coatings used in Transportation sectors account for the remaining 24%. In the period 2018 to 2023, the volumes of coatings for Construction and Infrastructure and for Packaging and General Industrial applications are projected to grow by 3.0% CAGR; demand for coatings in the Transportation sectors is expected to grow at 3.2% CAGR.

Information taken from Global Industrial Coatings Markets report.

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