The paint and coatings industry, on a global basis, has annual sales of approximately 85 billion (USD). Although the top multinational companies account for a large percentage of the total market, there are thousands of small and medium-sized paint producers that operate locally.
The paint industry is expected to grow in the coming years, with the greatest increases in paint production expected in Asia. Markets in Africa, the Middle East, Eastern Europe, and Latin America have projected a growth in paint production from 2 to 6 percent per year in the near term.
While most major markets around the world have greatly limited or even eliminated the use of lead and/or lead compounds in paint, these compounds continue to be found in paint and coatings products in developing markets.