Global coating prices rose by approximately 4.5% in 2012

The coating quantity of the global coating still increased by 10% in 2012. At the same time, due to the shortage of raw materials and rising prices, the price of paint has risen to about 4.5%. In 2012, the global sales of paint totaled 120 billion U.S. dollars and the output was 39.82 million tons.

The World Paint and Coatings Industry Association has released the 2012 annual report of the world's top ten paint brand companies. AkzoNobel in the Netherlands ranked first with annual sales of 18.29 billion US dollars, and the United States PPG Industries, Sherwin-Williams, DuPont, and Germany's BASF ranked second to fifth.

According to WPCIA, the rapid development of the global construction industry is one of the key factors in the growth of the paint market, and new environmentally friendly coatings will be a new trend of development.

Coatings for global coatings continued to grow by 10% in 2012. At the same time, due to the insufficient supply of raw materials (titanium dioxide, acrylic resin, etc.) and rising prices, the price of paint has risen to about 4.5%. In 2012, the global sales of paint consumption totaled 120 billion U.S. dollars, with a production of 39.82 million tons.

According to WPCIA, the Asia-Pacific region is still the world's largest paint consumer market, ranking first in 2012 with 42% of production. China accounts for more than half of the consumption in Asia, but the rapid expansion has slowed. At present, India accounts for about 15% of the Asian region 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 global coatings. South America and Central America is 8%, and it is expected to achieve moderate growth in the future.