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Research and Markets Releases its Report on the Global Paints & Coatings Market 2012

Published on 2012-04-16. Author : SpecialChem

The industrial coatings market is beginning to recover from the recent economic downturn. The strengthening global economy has led to an increase in new buildings and maintenance in both the private and public sector. The global paint and coatings market has reached the pre-recession level in 2010.

The paint and coatings industry is dominated by the architectural coatings segment; the industrial coatings segment also has significant share in the market. The global coating industry has shifted to the Asia Pacific region where China is the largest consumer of coating additives. The country accounted for more than half of the Asia's market share in 2010.

The paints and coatings industry depends heavily on its end-use markets. The key industrial sectors catered are construction, steel, marine, automotive and wooden furniture. Emerging markets are showing immense potential for the growth of both architectural coatings and industrial coatings. The growing demand for green-based chemicals, such as zero volatile organic component (VOC) coatings, is driving the replacement of solvent-based products with water-based products.

Paint makers are focusing on cutting edge technological innovation to satisfy both consumers and regulatory demands. The industry is dealing with several issues, a major one of them is the unprecedented escalation in the price of oil, natural gas and raw materials, which is having a significant impact on the marine coating industry.

The report provides an analysis of the global paint and coatings market. It also discusses major trends, growth drivers and potential markets for paint and coatings market. The report presents the competitive structure of the industry and profiles major players in the market with a discussion of their key business strategies.

By combining SPSS Inc.'s data integration and analysis capabilities with relevant findings, the future growth of the industry has been predicted. Various significant variables that have an impact on this industry and regression models with SPSS Base have been used to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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Research and Markets are the leading source for international market research and market data. They provide the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Source: Research and Markets

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