Hosted by the Eastern Coatings Federation the Eastern Coatings Show is intended to offer educational and technical presentations to increase understanding of the theory, science, manufacturing and marketing of coatings.
According to a new market study by market research firm Lucintel, the global green coatings market is forecast to grow at a compound annual growth rate of 5.1% from 2015 to 2020.
The brightest color in the spectrum (at 570 to 590 nanometers), yellow is hard to ignore. The most easily visible color from a distance, it’s perfect for school buses, caution signals, crime-scene tape and highway construction equipment.
Demand for interior paint is forecast to grow 2.9% per year to 535 million gallons in 2020, advancing in line with the overall architectural paint market.
Although enormous efforts have been made to find sustainable solutions for making commercially successful products, the quest for environment-friendly coatings is still in its infancy.
While the United States and Canada are like-minded on the importance of strong economic linkages, which will likely be the case for the foreseeable future, there will be differences in how each addresses other issues like the environment.
A report on the global paints and coatings market by Persistence Market Research, titled Global Market Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020, states that the global market for paints and coatings in 2013 accounted for $121.9 billion and is predicted to expand at a CAGR of 5.5% in the forecast period from 2014 to 2020, to reach an expected value worth $176.5 billion in the year 2020.
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