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Retrospect to the world’s coating and prospect of new situation

The global amount of coating in 2012 was still increased by 10%. Due to the insufficient supplies of and the ever rising prices of the raw materials (titanium dioxide, acrylic resin, etc.), the price of coatings was even increased by 4.5%. The sales and yields for global consumption of coatings respectively totaled in US$120 billion and 39.82 million tons in 2012.

World Paint & Coatings Industry Association (WPCIA) recently released the 2012 annual report of the world's top ten coating brand companies among which, with annual sales of US$18.29 billion, Akzo Nobel in Netherlands ranked the first; and from the second to the fourth positions all of which are American companies, PPG Industries ranked the second, Sherwin-Williams Company the third, and DuPont Conglomerate Company the fourth; lastly BASF in Germany ranked the fifth.

According to WPCIA, the rapid development of the global construction industry is one of the key factors for the growth of the coating market where the new type of green coatings is leading the trend. 

Asia Pacific region still made the largest coating consumption market in the world, representing 42% of the total yield globally in 2012, indicated by WPCIA. China, representing more than half of the coating consumption then in the Asian market, yet had slowed down its rapid expansion momentum. For the time being, India represents 15% of the Asian coating market whilst keeping increasing its market share. Europe made the second largest coating market in the world, representing 27% of the market share globally. Finally, for the American region, the Northern part accounted for one fifth of the global coating consumption, whereas the Southern and Central regions combined used up 8% of the total coating worldwide yet was expected to continuously and gradually increase the coating consumption. 

In 2012, the global sales of coatings reached US$120 billion with yield of 39.82 million tons. Asia Pacific region remained to be the largest market of coating consumption in the world, consuming 42% of total yield in 2012. China, representing more than half of the coating consumption in the Asian market, yet had slowed down its rapid expansion momentum. The coating industry in China started to face adversity due to the ever rising coating costs and prices.

----- Source: Network for Domestic and Foreign Coatings 
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