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Global Performance Coatings Market to Reach $108.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Performance Coatings estimated at US$84.2 Billion in the year 2020, is projected to reach a revised size of US$108.1 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027. Polyurethane, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$32.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acrylic segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $22.7 Billion, While China is Forecast to Grow at 6.6% CAGR
The Performance Coatings market in the U.S. is estimated at US$22.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.2 Billion by the year 2027.


Polyester Segment to Record 3.8% CAGR
In the global Polyester segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.2 Billion in the year 2020 will reach a projected size of US$19 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.7% CAGR through the analysis period.