Global consumption in coatings is estimated to be worth $120 billion worldwide. Volume has slowly increased since the recession with the Asian-Pacific regions leading the pact with 42% of industry consumption. Europe followers as the second largest segment, accounting for 27% of global volume, followed by India at 15%. Volume has seen a 15% increase while pricing has increased due to rising raw material costs. The series of paint company logos and brands listed below are from American companies that focus on industrial coatings and paint services throughout the industry.
The UV cure coating technology has been seen as the future for industrial coatings. This technological advancement represents one of the fastest growing segments while helping to answer rising concerns with meeting environmental needs and strict regulations. With a faster cure speed and lower energy cost, UV cure coating is ideal for applications that require a faster turnaround and features ultra low VOC.
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