A coating is a covering that is applied to the surface of an object, usually referred to as the substrate. The purpose of applying the coating is protective, decorative,functional, or both. The global paints and coatings market is expected to reach $125.0 billion by the end of 2015 and further increase to $153.6 billion by 2020, at a compound annual growth rate(CAGR) of 3.9% over the next five-year period of 2015 through 2020.
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