2009 Annual Global Coatings Consumption Slowed Down Considerably - China Turbo Journal Bearing

in Consumption


According to consulting firm KusumgarNerlfi & Growney investigation, due to the financial crisis affecting the global economic recession, in 2009, the world's consumption of paint is expected to have fallen significantly. Paint consumption in 2009 is projected at 58.7 billion pounds, or about 88.4 billion U.S. dollars. Turnover compared to last year fell by 6%, market value dropped by 8%. Paint consumption, the global economic recovery will bring about a 5% average annual growth rate. Paint consumption in 2014 than in 2009, up 30%, market capitalization increased by 26%. And generates a pre-signs of recession in 2008 compared to 2014, paint consumption is expected to grow 21% in market value increased by 15%. Architectural coatings show the largest coating market share in 2009, architectural coatings accounted for 57% of production globally in the coatings market value of 40%. Compared with 2008, architectural coatings production fell by 5%, is expected to grow at an annual rate of growth of 6%. OEM paint coatings market share in 2009 accounted for 28%, and in 2008 dropped by 10% compared with a market value dropped 13%. OEM coatings is expected to grow at an annual rate of 6% growth in 2014 than in 2009 increased by 31%, but compared with 2008 increased by only 17%. In 2009, transportation applications has dropped significantly. Special coatings accounted for 15% of the proportion. At least in comparison with 2008 decreased by 2%. 2009 Marine Coatings output continued to grow, but has insufficient capacity for sustained future growth. Special coating is expected to grow 4% of the annual growth rate until 2014. European and North American coatings production in 2009 declined the most serious, the European consumption in 2008 fell to 19.2 billion pounds in 2009 to 172 million pounds in the paint consumption in North America from 2008 down to 13.9 billion pounds in 2009 to 123 million pounds. A smaller decline in the Asia-Pacific region in 2008, paint consumption of 23.4 billion pounds in 2009, this figure stood at 23.3 billion pounds. According to experts expect that China and India, partially offset by growth in the region, the Asia-Pacific region, Japan and South Korea Economic Zone mature recession. Is estimated that by 2014, Asia-Pacific paint consumption to reach 33.2 billion pounds, an increase of 7%. Europe's growth rate is projected at 4% in 2014 is expected to reach 20.9 billion pounds. North American growth rate is projected at 3% in 2014 to reach 14.3 billion pounds.
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2009 Annual Global Coatings Consumption Slowed Down Considerably - China Turbo Journal Bearing

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2009 Annual Global Coatings Consumption Slowed Down Considerably - China Turbo Journal Bearing

This article was published on 2010/10/30