The Asia-Pacific Paint and Coatings Market
The Asia-Pacific region is an important and growing part of the global coatings market-
place. Unlike other regions of the world, the Asia-Pacific region has continued to grow,
even in the face of the global recession.
by Scott Detiveaux and Allen Tsaur,
Orr & Boss, Inc.
The economic downturn of the past several years has had a significant impact on the global paint and coatings market. From 2002 to 2007, the global coatings market grew by over
30 percent. This is in stark contrast to the 2008-2009 timeframe,
where the market actually contracted by nearly three percent.
One of the bright spots in the market has been the Asia-Pacific
region which has dramatically outperformed the global market
in terms of both volume and value growth. From 2004 to 2009,
the Asia-Pacific coatings segment grew by 60 percent in volume
and value. Due to its rapid growth over the past five years, the
Asia-Pacific region has become the largest market for paint and
coatings in the world.
The market in Asia-Pacific is now estimated to represent approximately 35 percent of the nearly $90 billion global value of
all coatings. In terms of market volume, the Asia-Pacific region
makes up roughly 41 percent of the 27 billion liter global coatings volume. (Note that for comparison purposes, powder coatings have been converted to liquid equivalents at the rate of 1.5
liters of liquid paint per kilogram of powder coatings.)
In late 2010, the International Paint and Printing Ink Coun-
cil (IPPIC) published the second edition of its widely acclaimed
comprehensive market analysis entitled, Global Paint and Coat-
ings Industry Market Analysis Report (2009 – 2014). As with
the earlier version, IPPIC retained Orr & Boss, Inc. to prepare
this report. Coatings market data presented in this article is based
on the intensive market research conducted for the completion of
this study of the global paints and coatings industry.
28 | Coatings World
www.coatingsworld.com
August 2011
