The State of the Global Coatings Industry

摘要

The current global economic downturn has affected virtually every industry, including paints and coatings. Over the period 2002 to 2007 the global paint and coatings industry grew at an annual rate of nearly five percent in terms of volume and nearly seven percent in terms of revenue. The market slowed significantly in 2008 and is projected to be flat to declining for 2009. Orr & Boss estimates that total global 2008 revenues for the paint and coatings industry were approximately US93 billion on a volume of more than 27 billion liters.