Please wait.'

Page is loading'


Home  > Markets & companies  > Coatings market  > Kusumgar, Nerlfi & Growney publishes f...

Monday, 06 April 2020
pdf
Markets & companies, Coatings market

Kusumgar, Nerlfi & Growney publishes fourth study on the global paint & coatings industry

Thursday, 26 March 2020

According to a new study by the consulting firm Kusumgar, Nerlfi & Growney, global consumption of paint & coatings was 44.4 million tons in 2019 worth approximately EUR 132 billion.

Architectural paint volume is up 72% since 2009 and industrial coating volume 59%. Image source: Sebastian_Duda – Fotolia.com (symbol image).

Architectural paint volume is up 72% since 2009 and industrial coating volume 59%. Image source: Sebastian_Duda – Fotolia.com (symbol image).

The volume is up 66% since the 2009 global recession with 62% of the increase coming from the Asia-Pacific region.

Little to no growth is currently expected for this year

Coating volume has grown modestly in recent years but slowed in 2019. Owing to the economic effects of the coronavirus little to no growth is currently expected for this year with some end uses declining significantly. A recovery is anticipated for next year with long term growth placed at 4% per year.

Architectural paint consumption was 26 million tons worth approximately EUR 49 billion in 2019 and industrial coatings 18.4 million tons valued at approximately EUR 73 billion. Architectural paint volume is up 72% since 2009 and industrial coating volume 59%. A 4% annual rate of growth is forecast for both segments through 2024.

Water-based technology comprised 56% of the global coating volume in 2019 with architectural paints 85% of the total and industrial coatings the remainder. Ten years ago water-based technology was one-half of the volume with the architectural segment 88% of the total. Solvent-based technology was 37% of the coating volume in 2019 with 71% used in industrial applications and the rest architectural. Global architectural paint volume in 2019 was split 81:19 between water-based and solvent-based technologies, respectively.

Powder coating volume has almost doubled since 2009 and comprised 7% of the industrial coating volume in 2019.  Radcure coating volume grew by 80% the last ten years.

Top five suppliers garnered 35% of the sales

The top five suppliers of coatings ranked by size in 2019 are PPG, Sherwin-Williams, AkzoNobel, Nippon Paint and Axalta. The ranking excludes any additional value from paint store sales and any auxiliary products such as construction products, adhesives, sealants, applicators, etc. The top five suppliers garnered 35% of the sales in 2019.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register