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Thursday, 09 July 2020
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Markets & companies, Coatings market

Strong demand expected for U.S. paint and coatings market

Thursday, 17 November 2011

U.S. demand for paint and coatings is forecast to increase 7.8 % annually to USD 26.2 billion in 2015.

The large architectural market will advance at an impressive annual rate of 10.8 % through 2015, reaching more than USD 14 billion. Source: xjbxjhxm/Fotolia
The large architectural market will advance at an impressive annual rate of 10.8 % through 2015, reaching more than USD 14 billion. Source: xjbxjhx...

U.S. demand for paint and coatings is forecast to increase 7.8 % annually to USD 26.2 billion in 2015. The market is expected to expand strongly in both volume and value terms, rebounding from the declines of the recession-impacted 2005-2010 period. These and other trends are presented in "Paint & Coatings", a new study from The Freedonia Group Inc., a Cleveland-based/USA industry market research firm. The large architectural market will advance at an impressive annual rate of 10.8 % through 2015, reaching more than USD 14 billion. The interior component of the architectural paint market will remain larger and grow faster than its exterior counterpart. Among the various market segments, furniture and fixtures will enjoy one of the best growth prospects, and will remain the leading outlet for coatings over the forecast period. However, the motor vehicle sector will post more rapid gains, recapturing its position as the second-largest outlet for coatings among manufacturing markets. Maintenance and specialty coatings will remain the smallest market through 2015. Key outlets include industrial maintenance, and road and bridge markets. Both are expected to advance at above-average rates.

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