The global coating market has a compound annual growth rate of 5.4% in 2013-2019

At present, the high demand of the construction industry is the main driving force of the global paint market, coupled with the growing demand for water-based paint in the market, which makes the paint market show a strong growth momentum, which is expected to continue during the forecast period from 2013 to 2019. The global coatings market includes all kinds of liquid, electric coatings and varnishes. They are mainly used for two purposes, to enhance the appearance and ensure the protection function. Most of the demand in the market comes from buildings and building parts. The coating can be used to protect the surface from weathering and rust, so as to improve the durability of the structure. TMR forecasts a compound annual growth rate of 5.4% in the global coatings market between 2013 and 2019. At this rate, the market's valuation will rise from $100.3 billion in 2013 to $1439 billion by the end of 2019. TMR gives a comprehensive overview of the global coating market and subdivides it according to different parameters. This will not only help to provide a blueprint for the current market situation, but also help the industry to segment more favorable markets for themselves, and help enterprises better understand the global paint market. In terms of products, the demand for waterborne coatings is higher than that for other types of coatings. In 2012, waterborne coatings also occupied a leading position, accounting for more than 40% of the market demand.

Solvent based coating is the second largest product field in the market. However, strict regulations on VOCs have a certain impact on the growth of solvent-based technology during the prediction period. At the same time, due to the growing demand of automobile, construction and electronic industries, the growth of powder coating industry will be accelerated; in the forecast period, the demand for special coatings will remain stable. The rest of the world is expected to win the market with CAGR. From a regional perspective, the global paint market can be divided into Asia Pacific, Europe, North America and the rest of the world. Among these regions, the Asia Pacific region dominated with 39% market share in 2012. The booming construction activities have promoted the development of the coatings market in the Asia Pacific region. In addition, the European market also presents a once-in-a-lifetime opportunity. The growth of the demand of the automobile and aviation industry also drives the growth of the European paint market. During the forecast period, the CAGR of the rest of the world is likely to exceed that of other regions. The growing demand for coatings in the Middle East, South America and Latin America will also provide more opportunities for the rest of the world.