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Chemical Week Magazine :: Specialty Chemicals
U.S. Paints and Coatings Demand Forecast to Exceed $26 Billion in 2015
8:10 AM MST | November 26, 2011 | —Alex Scott
The U.S. market for paints and coatings is growing at an estimated annual rate of 7.8% and is expected to be worth $26.2 billion in 2015, according to a study by The Freedonia Group (Cleveland, OH). The market is set to grow strongly both in volume and price terms, rebounding from the declines of the recession-impacted period of 2005-2010. Due to growing environmental concerns, the industry has been subject to increasingly stringent government regulations, which are driving paints and coatings manufacturers to invest heavily in the development of innovative...
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