Global coating applications continued to grow by 10% in 2012. At the same time, due to the shortage of raw materials such as titanium dioxide and acrylic resin and the rising price, the price of coatings has increased by about 4.5%. In 2012, the total sales volume of global paint consumption reached US $120 billion, with a production of 39.82 million tons.

 

The Asia Pacific region remains the world's largest paint consumer market, with 42% of production in 2012. China accounts for more than half of Asia's consumption, but its rapid expansion has slowed down. Currently, India accounts for about 15% of Asia and continues to increase its market share. Europe is the second largest market, accounting for 27% of the global paint market. North America accounts for one fifth of the world's coatings. 8% in South and Central America, and moderate growth is expected in the future.