The painting business is poised to continue to grow over the next five years, according to a new report.

The report from MarketsAndMarkets, a competitive business intelligence platform, projects the global painting market to expand at a 3.2% compound annual growth rate. That would increase the overall industry to a value of $227.5 billion from $194.5 billion in five years.

Much of the growth is expected to come from the Asia Pacific region, but North America clocks in as the second fastest region for paint growth.

The report’s writers call out a multitude of drivers for the paint business boost. New environmental regulation accelerates demand for VOC-free coatings. The construction and automotive industries are seeing more demand as well, especially in developing nations.

The predictive analysis notes that acrylic resins are projected to be the fastest growing resin time. The superior hardness, durability, and adherence of these resins are increasingly needed in China and India, where there is rapidly rising infrastructure spending.

The present day economy can be hard to predict, but as we look past the current noise, it’s clear there is increasing demand for paint, and plenty of future work for painting contractors.