The average growth rate of the global coatings market can reach 5%

According to the latest  research date,it shows in the year 2013,the global coatings consumption can reach  80 billion pounds,,which is about  USD120billion. Study the report points out, the paint industry has recovered from the 2008 -2009 year after the global economic downturn, and the average growth forecasts to 2018 rate of 5%. The big growth in the rate of growth is largely due to the emerging economies of the Asia Pacific region. From the beginning of 2008, the Asia Pacific region consumption is as high as 50%, which is more prominent China and India.

The Asia Pacific region is the main coating area of consumption in 2013 accounted for 45%, consumption amount of 40%. In accordance with the annual growth rate of 8%, is expected in 2018's consumption and consumption will increase respectively to 51% and 46%. China paint consumption in the region accounted for 58%, India accounted for 13%.

Europe is the world's second largest paint consumption area, in 2013 accounted for 24% of global paint consumption and consumption amount of 28%. According to the forecast, a mature coating area of the annual growth rate of 2%, while Russia, Turkey and other Eastern European countries will grow faster and faster.

North America accounts for 17% and sales (US $) 21%. Like Europe, North America is paint a mature market, is expected to 2018 annual growth rate of 1%.

In 2013 the South America and paint consumption in America and the amount of consumption accounted for 8% and 6% of the global. The next five years, the region's annual growth rate will remain at 5%. Paint consumption in this area mainly from Brazil, Brazil in 2013 accounted for the regional consumption 2/3.

Regulations and consumer demand global always to move water, powder and radiation curing technology and other clean coating technology growth. In 2013 the water paint consumption ranked first, accounting for 52%, sales ranked second, accounting for 40%. In 2013 the solvent type coating accounts for 41% and 48% of total sales. In industrial coating, solvent type paint consumption accounting for 68% and 80% of sales. In 2013, powder coatings, radiation curable coating and the other 100% solid coatings for industrial coating consumption of 7% and 12% of the amount of consumption.