International. In 2010, the global coatings market reported about $90 billion and is expected to see a 10% increase in 2011 to about $99 billion, according to the report "Global Coatings Industry Report and China in 2010-2011," developed by ResearchInChina and published by Market Publishers Ltd.
Decorative coatings are the application area with the best results, representing approximately 45% of the total market, followed by the vehicle industry, which accounted for 15% of the market, and protective and marine coatings, with 12%.
Industrial coatings in general stood at 10%, followed by powder coatings, for wood, coils and packaging.
According to the report, China is the world's most important market in the industry, worth $18.9 billion in 2011. Of this, 54% is attributed to decorative coatings. The report estimates that with the expected relaunch in the real estate market of that country, the value of the decorative coatings market will increase by more than US $ 12,000 million.
Similarly, China also has the lowest production in domestic paints, which only reported profits of about 11% of the total market.
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