The industrial coatings market is not expected to recover until 2021. Image source: William_Alexander . stock.adobe.com (symbol image).
19. Nov 2020 | Raw materials
Growth in the global paints and coatings market in Q3 2020
According to the B2B market research institute Chem Research, the global market for coatings and inks grew by +1 % on a volume basis in the third quarter of 2020 compared to 2019.
Compared to the previous quarter (Q2-2020), this represents an increase of + 9 %. Architectural coatings grew by + 6.5 %, while industrial coatings lost - 6.5 % compared to the previous year.
Strong demand in the DIY segment
The growth in architectural coatings is largely the result of strong demand in Europe and North America in the DIY segment. The industrial coatings market is not expected to recover until 2021.
Detailed information on the development of the market and the TOP global players can be found in the Chem-Research study "TOP 11 Global Paint and Coating Producers Quarterly Review".
Chem Research is a B2B market research and consulting institute specializing in paints & coatings, adhesives & sealants. Since 1991, it has been producing analyses and concepts as the basis for successful marketing strategies and sustainable business development.
EC Tech Report Sustainability
Making coating systems more environmentally compatible is a burning issue for everyone in the industry, and one that is being fuelled by the European Green Deal. Learn all you need to know about sustainable coatings, how to produce coatings in a more environmentally friendly way and how to give coated products a longer service life. You will find an overview in the EC Tech Report of the many various approaches being adopted. We will dive deep into the European Green Deal, its key points and main purpose as well as consequences for the coating industry, see which new raw materials are being developed to replace or lower the content of products in the SVHC group and learn about different approaches to sustainable paint formulation.
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