FEATURE
Kerry Pianoforte, Editor
According to market research ;rm IRL, general industri- al coatings is estimated to have reached almost 7. 6 mil- lion metric tons in 2015, with sales expected to reach
more than 8. 9 million metric tons by 2020. In terms of value,
global sales of general industrial coatings reached $23 billion
in 2015. Asia accounted for the largest share of the market
despite having a substantially lower average price compared
to Western economies. Europe followed Asia closely in terms
of the revenue generated, although with a substantially lower
volume sold.
According to IRL researchers, solvent-based coatings still account for the majority of the sales, although they have been losing share in favor of powder and water-based coatings. Most of
the market value was generated by sales of general ;nish coatings, followed by coil and extrusion. Metal packaging and coil
coatings had the highest average prices.
The Industrial
Coatings Market
The market for industrial and protective coatings has potential for growth in a number of
key markets including construction, transportation and oil and gas.
Photo courtesey of Hempel
