According to research firm Allied Market Research, the powder coatings market in Southeast Asia is expected to reach $295.9 million by 2022, up from $222.7 million in 2015, with a CAGR of 4.2% from 2016 to 2022.
In 2016, China’s titanium dioxide (TiO2) industry experienced enormous price rises and high demand, a rebound from the market in 2015, according to analysis by market intelligence firm CCM.
Historically, solvent-borne coatings have maintained the largest share of protective and specialty coatings. However, waterborne coatings are projected to surpass solvent-borne coatings by 2020 as regulatory concerns continue to impact the protective and specialty market.
PORTLAND – According to a new report published by Allied Market Research, the global pigments market is expected to reach $26.598 million by 2022, growing at a CAGR of 4.1% during the forecast period 2014-2022.
The global paints and coatings market grew to a value of $141.5 billion in 2015, with Asia-Pacific (APAC) emerging as the largest regional market and accounting for more than 55% of global market value, according to research firm MarketLine.