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Home  > Markets & companies  > Coatings market  > Global protective coatings market to grow

Sunday, 21 July 2019
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Markets & companies, Coatings market

Global protective coatings market to grow

Tuesday, 15 February 2011

According to IRL, the protective coatings market is estimated to grow 5 to 7 % per year in the emerging markets.

The overwhelming opinion by the industry is that lower VOC coatings will be the future, however globally only 6 % of protective coatings are waterbased. Source: sxc/Simon Cataudo
The overwhelming opinion by the industry is that lower VOC coatings will be the future, however globally only 6 % of protective coatings are waterb...

The global economic downturn has affected virtually every industry, including protective coatings. Regional growth in the sector mirrored regional economic development, with the roaring economies of China, India and Brazil showing positive growth but at a lower rate than five years ago. According to market research company IRL "An overview of the global protective coatings market, 2nd edition", the market is estimated to grow 5 to 7 % per year in the emerging markets. The overwhelming opinion by the industry is that lower VOC coatings will be the future, however globally only 6 % of protective coatings are waterbased whilst traditional solventbased coatings are consistently indicated as the major technology. This is related to two main reasons: cost and ease of application.

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