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Article: 2008: will the good times keep coating?(Market Update)(Company overview)
- Article from:
- JCT CoatingsTech
- Article date:
- November 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Federation of Societies for Coatings Technology. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Imagine if coatings were stored like wine--different varieties and vintages from each year corked and labeled and kept in a cool cellar to be enjoyed decades later. What would connoisseurs of the future be saying about selections from 2007? And would the same be true for coatings "bottled" in 2008?
MARKET UPDATE
The global paint and coatings market grew by 5.7% in 2006 to reach a value of $71.7 billion, according to a recent report by Datamonitor (Paints & Coatings: Global Industry Guide, August 2007). Global volume increased by 3.5% in 2006 to total 29.4 million tonnes. By 2011, Datamonitor predicts that the value of the global paint and coatings ...