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Kusumgar, Nerlfi & Growney has announced the commencement of its fifth US Paint & Coatings Industry study. According to the firm the industry is continuing its recovery from the global recession of 2008-2009.
Consumption is projected to be 8.8bn dry lbs (excluding water and solvent) in 2015 valued at some US$28bn. Despite being a mature industry, coatings continue to evolve to meet the challenges of regulations, growing consumer demands, increased emphasis on sustainable products, globalisation, cost pressures, etc. The recent sharp drop in oil prices could force coating prices lower if continued.
The ‘US Paint & Coatings Industry, 2015-2020’ will be published in 2016.
