The world coating demand will reach 28.2 million tons in 2007

[China Epoxy Industry Online] May 12, 2005: The rapid development of the coatings market in the Asia-Pacific region and other emerging regions in recent years has driven the rapid growth of the global coatings market.
Since last year, major paint manufacturers are accelerating the expansion of production capacity in these areas by acquiring local companies or investing in repurchases of joint venture shares.
According to the latest research report of the American Freedonia Consulting Company, the world coating market demand will reach 28.
2 million tons in 2007, and the market value will reach 83 billion or more.
The demand for coatings in the Asia-Pacific region, especially China and India, will continue to grow rapidly.
Many manufacturers said they will continue to expand production capacity.

The report predicts that demand in the Asia-Pacific region will maintain rapid growth, with an average annual growth rate of 4.