Paint Coating demand in U.S. will reach 5.3 million tons in 2019
According to the latest market research reports, United States demand for paint coating is expected to increase 3.8% per year , in 2019 will reach 5.3 million tons, valued at $ 31.5 billion. Construction industry will continue to be the largest end user of paint coatings markets, strong rebound in construction activity will stimulate demand in the construction market. Due to strong demand for low VOC paints, manufacturers need to develop new products to meet more stringent Government regulations, to meet consumer demands. In addition, the development of new technologies, such as nano-coating, will drive future growth.
By 2019, the construction market is still the main markets of paint coating. According to the analysis, the growth rate will reach double digits every year, mainly thanks to new residential construction, housing completions. In terms of improvements and fixes, and coating demand will also increase. More interior paint than outdoor paint needs demand, accounting for about two-thirds of architectural coatings market.
Paint Coating for the future manufacturing 2.4% annual growth in demand by 2019 nearly 1.51 million tons. As industrial and commercial expansion, metal building components market is one of the fastest growing in the manufacturing market. Furniture and equipment used in paint coatings in manufacturing still account for the largest proportion, and continues to grow at an above average rate. Due to the weak growth in the output of light vehicles, lower growth in automobile markets. Maintenance and special coatings also showed a lower growth rate. In addition, because commercial shipping activity and pollution prevention technologies, demand will be increased at the fastest rate of Marine coatings.