United States. The U.S. coatings market will see a major recovery by the end of 2012, with steady growth over the next 10 years, according to a new report from market analyst SBI.
The analysis indicates that water-based coatings will experience significant growth and lead the market, which is expected to increase to $5.97 billion by 2021. Growth in the construction and remodeling sectors is increasing commercialization in the coatings market.
Architecture produced about 736.4 million gallons of paints in 2011, due to the increase in housing construction.
The report also indicates that green paints are the trend for the consumer and for the generation of regulations, which has paved the way for a growing market for water-based paints, which is being stimulated by their use in the architecture and automotive industry, which is looking for more efficient coatings that require less solvents and energy in the application.
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