Coating industry:

Research firm MarketLine latest report shows that the value of 2015 global coating market is about $141 billion 500 million, of which the Asia Pacific region is the largest market, accounting for about 55% of the total.

China and the United States is still the global paint consumption ranked among the top two countries, the market value was $53 billion 300 million and $21 billion 300 million, China coatings market is expected to continue in a rapid growth rate, while the U.S. market growth is relatively neutral.

2011-2015, the global coating market grow steadily , compound annual growth rate is about 5.5%, showing a strong trend. However, not all markets have good performance, such as in the same period, the growth rate of the European market is only 1.8%, especially the development of the French market is weak. In contrast, the Asia Pacific coatings market growth trend is strong, compound annual growth rate is up to 8.3%.

Before 2020, expects the global coating market will continue to maintain the current pattern of development, but with the slowdown in economic growth of China, the Asia Pacific region will be a drag on the paint market, growth rate declined slightly, expects compound annual growth rate is about 6.3%, while the European paint Market is expected to recover, compound annual growth rate will increase to 2%.

Architectural and decorative paint is the paint industry's largest product areas, the market value is about 51.1% of the total, but the proportion is different according to different countries and regions, such as in the market of Japan and Middle East, the industrial coating is bigger proportion , in the U.S. Market ,architectural and decorative coatings account for 51% of the total.