Industrial coatings market: fueled by an international construction boom and opportunities to...

Fueled by an international construction boom, the global industrial coatings market has been experiencing healthy growth. According to Akzo Nobel's Global Coatings Report 2006, from 2001 industrial coatings have increased by an annual average of 2.3% and this is expected to increase to 5.9% by 2010. This growth has been almost entirely focused on developing markets, especially Asia and Eastern Europe, as key industries have shifted from traditional manufacturing regions in North America and Western Europe to these lower cost markets that are exhibiting fast paced growth.