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China Coatings Network
: According to the latest foreign market research report, the U.S.
coatings
demand is expected to increase at an annual rate of 3.8%, in 2019 will reach 5.3 million tons, worth 31.5 billion U.S. dollars. The construction sector will remain the largest end-user market for coatings, and a strong rebound in construction activity will stimulate demand in the construction market. Due to strong demand for environmentally friendly, low-voc coatings, manufacturers need to develop new products to meet stricter government regulations and meet consumer requirements. In addition, the development of new technologies, such as nano-coatings, will drive future growth.
until 2019, the construction market will remain the main downstream market for coatings. According to the analysis, the growth rate will reach double digits per year, mainly due to new residential construction, housing completion. The demand for coatings will also increase in terms of improvement and repair. The demand for indoor coatings exceeds the demand for outdoor coatings, accounting for about two-
of the
coatings market.
demand for coatings for manufacturing industries will grow at an annual rate of 2.4%, reaching nearly 1.51 million tons in 2019. The metal construction components market will be the fastest growing market for manufacturing due to industrial and commercial expansion. Coatings for furniture and equipment continue to account for the largest proportion of coatings for manufacturing and will continue to grow at an above-average rate. The auto market grew at a slower pace due to weak light vehicle production growth. Maintenance and specialty coatings also showed low growth rates. In addition, demand for marine coatings will increase as quickly as possible due to commercial shipping activities and new anti-fouling technologies.
