Kusumgar, Nerlfi & Growney announced the commencement of its fourth Global Paint & Coatings study.

According to the firm, global coating consumption in 2019 is expected to reach just above 100 billion lbs. and achieve a value of roughly $145 billion.  Dollar value will depend upon 2019 exchange rates as well as any price inflation. Growth is placed at a modest four percent annual rate.  Coating volume in 2019 will be up more than 70 percent from 10 years ago.

The Asia-Pacific region will represent about one-half of the 2019 volume with China comprising about two-thirds of the region’s consumption.  Europe and North America are more mature regions for coating growth representing 21 percent and 16 percent of the poundage, respectively.  South & Central American countries, led by Brazil, are projected to take six percent of the global volume.

More environmentally acceptable coatings continue to capture global share.  Water-based technology will represent 56 percent of the 2019 volume which is up from a 50 percent share ten years ago.  Powder coatings share of industrial coatings will rise to 13 percent from a level of 11 percent in 2009.  Radiation-cured coatings are a small percentage of coating volume but continue to outperform market growth, particularly in plastic and wood applications.