IRL analyzes 180 leading companies in major global markets and provides market share data in terms of production volume for each country and market. The report covers the following countries: Germany, United Kingdom, Spain, Italy, France, Poland, Russia, Saudi Arabia, UAE, South Africa, Turkey, China, Japan, South Korea, India, Indonesia, United States, Canada, Mexico, Brazil and Argentina.
In terms of value, the global sales of general industrial coatings reached 23 billion US dollars / 21 billion euros in 2015. Although Asia has substantially lower average prices relative to Western economies, it still occupies the largest market share. Although Europe has seen a significant drop in sales, it still follows Asia in terms of sales revenue.
Although the share of powder and water-based coatings has declined, solvent-based coatings still account for the majority of sales. Powder coating technology is still mainly used in the 3C field (domestic home appliances and consumer electronics) and road marking (thermoplastic powder) fields. Most of the market output value is generated by the sales of general topcoat coatings, followed by coil and extrusion coatings. metal packaging and coil coatings have the highest average prices, while road marking coatings are the cheapest.