Global demand for functional and barrier coatings to reach $5.18 billion
Global demand for functional and barrier coatings in paper and paperboard applications, is forecast to grow by 4.9% year-on-year to $5.18 billion by 2022.
Exclusive data from the new Smithers Pira report, The Future of Functional and Barrier Coatings for Paper and Board to 2022, determines that future growth will be driven by a resurgent global outlook and the greater penetration of into transition economies. The Asia-Pacific market will represent over 54% of worldwide functional and barrier coatings use by 2022, up from 46% in 2012, with Japan the only major economy in the region expected to have a reduced demand. China leads the way with 34.2% of world consumption.