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Markets for Self-healing Materials: 2015–2022
FOCUS new study by Grand View Research Inc. Growing support for the use of powder coatings in comparison to conventional liquid paints by regulatory agencies such as EPA and REACH on account of negligible VOC emissions is expected to be a key driver for market growth. In addition, growing application demand with regards to automotive, appliances and consumer goods is also expected to drive powder coating sales over the next six years. Consumer goods are the largest application market for powder coatings, with estimated consumption of 437,300 tonnes in 2013. Automotive and general industries were the key application markets, with combined powder coating sales expected to reach $5.11 bn by 2020. Powder coating demand in furniture was relatively small in 2013 but is expected to witness substantial growth of over 7.6% from 2014 to 2020. The global market for powder coatings was 1,977,100 tonnes in 2013 and is expected to reach 3,202,500 tonnes by 2020, growing at a CAGR of 7.2% from 2014 to 2020. Asia Pacific was the largest regional market for powder coatings, with estimated consumption of over 900,000 tonnes in 2013. This can be attributed to the presence of large manufacturing setup in the region, especially in India and China, as well as rapidly growing domestic demand in various applications. This region is also expected to witness fastest growth and grow at a CAGR of 8.5% from 2014 to 2020. Europe and North America were the other key markets for powder coatings. However, they are expected to lose regional market share owing to the shift in manufacturing units from these regions to emerging economies in Asia and Latin America. AkzoNobel, Sherwin Williams and PPG were the largest companies in the market with a combined share of over 25% in 2013. Other key participants in the market include Dupont, BASF, Valspar and Nippon Paints. Original Source: Grand View Research Inc., Marketwired, 23 Jun 2015, (Website: http://www. marketwired.com) © Grand View Research, Inc. 2015
Low Raw Material Costs Benefit US Coatings Companies As reported by Fitch Ratings, the US paints and coatings sector could be sustained by anticipated improvements architectural coatings volumes and price pressure on oilbased derivatives (eg ethylene, propylene) and titanium dioxide (TiO2). Such developments could translate to price benefits at varying degrees and time to different producers, such as PPG Industries Inc (20% oil-based) and the Sherwin-Williams Company (around 40%). Accounting for 10-15% of latex production cost, oil-based propylene may be able to endure price reductions due to its position further downstream. Oversupplied since 2012, the TiO2 market suffers from low feedstock prices (mainly ilmenite and rutile) from early2015 even as inventories of key producers (eg Huntsman Corp, Tronox Ltd) have stabilized. Original Source: Ink World Magazine, 22 Jun 2015, (Website: http://www.inkworldmagazine. com), © Rodman Media 2015
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Automotive Coatings Market to Reach $27.69 bn by 2022 Global automotive coatings market is expected to reach $27.69 bn by 2022, according to a new study by Grand View Research Inc. Increasing demand for coatings owing to its ability to protect vehicles against UV radiation, acid rain and harsh weather is expected to drive market growth. In addition, growing automotive production growth in Mexico, China and US, coupled with rising middle class income is expected to fuel market growth over the forecast period. Surging coatings demand in the automotive refinish segment on account of increasing accidents and ageing of vehicles is anticipated to augment market demand. New investments by companies coupled with growing number of production facilities of coatings in Brazil is expected to stimulate market for automotive coatings in Latin America. Waterborne coatings were the second largest segment in 2014, accounted for over 30% of market revenue and are expected to gain market share owing to their cost advantage over solventborne coatings. Powder coatings is expected to be the fastest growing segment as EPA and REACH have been promoting their use as an environmentally friendly coating option. Global automotive coatings market demand was 3,769,200 tonnes in 2014 and is expected to exceed 5 M tonnes by 2022, growing at a CAGR of over 4.5% from 2015 to 2022. Basecoat was the largest product segment in 2014 and is expected to show rapid growth at an estimated CAGR of over 5.0% from 2015 to 2022. Light vehicle OEM was the largest end-use segment in 2014 and is expected to witness significant growth over the next seven years. Asia Pacific was the largest regional market and is expected to witness swift market growth, at an estimated CAGR of 5.6% from 2015 to 2022. The market is dominated by key players including PPG Industries, BASF, Axalta Coating Systems, AkzoNobel, Kansai Paint and Nippon Paint. Original Source: Grand View Research, 2015. Found on SpecialChem Coatings and Inks Formulation, 25 Jun 2015, (Website: http://www. specialchem4coatings.com) ©Grand View Research, Inc. 2015
Profile of Central Asian Paint Industry A newly released IRL report, entitled "A Profile of the Central Asian Paint Industry'', reveals that the total market for paints and coatings in Central Asia exceeded 271,000 tonnes in 2013, and is projected to increase to over 307,900 tonnes by 2018, with an average growth rate of 2.6%/y. Uzbekistan and Kazakhstan represented 41% and 43% of the total Central Asian paints demand, respectively, making them the two largest consumers of paints and coatings in the region. Slow growth rates are expected for the paints and coatings market in Kazakhstan, while the Uzbekistani market is projected to have higher growth rates. The most attractive market for investors is Turkmenistan because of low levels of competition and fast growing downstream industries, while the least attractive market for paint suppliers is Tajikistan. Architectural and
C OAT I N G S decorative coatings represented around 76% of the total market. The materials with special protective properties are expected to have the highest growth rate in the industrial coatings segment. The increasing car fleet will drive the refinishes demand. The level of popularity of powder coatings varies from one country to another. A pie graph shows the paints and coatings market share of Kazakhstan, Azerbaijan, Tajikistan, Kyrgyzstan, Uzbekistan and Turkmenistan in 2013. Another pie graph presents the paint and coatings market share of industrial wood coatings, architectural/ decorative, marine coatings, protective coatings, automotive refinishes, automotive OEM coatings (only for Uzbekistan), general industrial coatings, plastic coatings and powder coatings in Original Source: Coatings World, Jun 2015, 20 (6), 18–19 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Markets for Self-healing Materials: 2015–2022 A new NanoMarkets report, "Markets for SelfHealing Materials: 2015-2022,'' provides an in depth analysis of opportunities in the selfhealing materials market. According to the report self-healing materials (reversible polymers, inorganic capsule and vascular systems, biomaterials, relevant shape memory materials and other self-healing coatings) will grow to around $2.7 bn by 2020. n-tech estimates that the largest market for selfhealing materials will be found in the automotive industry where revenues will reach $1.6 bn by 2020. In this market, suppliers of self-healing materials can build on the existing demand for anti-scratch coatings, as well as the fact that automobile industry is currently very interested in making both the interiors and exteriors of cars more intelligent as part of their competitive strategy. In addition, self-healing materials can bring many practical advantages to the automotive sector including improved asset life and reductions in maintenance and overall cost of ownership. The market for selfhealing materials used in the consumer products sector is expected to reach around $480 M in 2020. n-tech believes that consumer markets are will be an excellent point of market entry for self-healing materials because the requirements for self-healing consumer products are less demanding than for products the construction industry. In the mobile electronics business, the LG G Flex 2 phone is showing how novel self-healing materials can protect products, perhaps eventually rendering a separate smartphone case unnecessary. ntech sees the biggest opportunity from the materials perspective coming from inorganic capsule and vascular materials systems. The market for these materials is negligible now, but will reach $1.3 bn by 2020. The advantages of these capsule/vascular materials systems are that they are truly autonomic needing no outside thermal or light stimulus to self-repair. Firms discussed in the report include PPG, Critical Materials, BASF and others. Original Source: Nanomarkets,ANB, 15 May 2015, (Website: http://ntechresearch.com), © NanoMarkets 2015
August 2015
Low Raw Material Costs Benefit US Coatings Companies As reported by Fitch Ratings, the US paints and coatings sector could be sustained by anticipated improvements architectural coatings volumes and price pressure on oilbased derivatives (eg ethylene, propylene) and titanium dioxide (TiO2). Such developments could translate to price benefits at varying degrees and time to different producers, such as PPG Industries Inc (20% oil-based) and the Sherwin-Williams Company (around 40%). Accounting for 10-15% of latex production cost, oil-based propylene may be able to endure price reductions due to its position further downstream. Oversupplied since 2012, the TiO2 market suffers from low feedstock prices (mainly ilmenite and rutile) from early2015 even as inventories of key producers (eg Huntsman Corp, Tronox Ltd) have stabilized. Original Source: Ink World Magazine, 22 Jun 2015, (Website: http://www.inkworldmagazine. com), © Rodman Media 2015
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Automotive Coatings Market to Reach $27.69 bn by 2022 Global automotive coatings market is expected to reach $27.69 bn by 2022, according to a new study by Grand View Research Inc. Increasing demand for coatings owing to its ability to protect vehicles against UV radiation, acid rain and harsh weather is expected to drive market growth. In addition, growing automotive production growth in Mexico, China and US, coupled with rising middle class income is expected to fuel market growth over the forecast period. Surging coatings demand in the automotive refinish segment on account of increasing accidents and ageing of vehicles is anticipated to augment market demand. New investments by companies coupled with growing number of production facilities of coatings in Brazil is expected to stimulate market for automotive coatings in Latin America. Waterborne coatings were the second largest segment in 2014, accounted for over 30% of market revenue and are expected to gain market share owing to their cost advantage over solventborne coatings. Powder coatings is expected to be the fastest growing segment as EPA and REACH have been promoting their use as an environmentally friendly coating option. Global automotive coatings market demand was 3,769,200 tonnes in 2014 and is expected to exceed 5 M tonnes by 2022, growing at a CAGR of over 4.5% from 2015 to 2022. Basecoat was the largest product segment in 2014 and is expected to show rapid growth at an estimated CAGR of over 5.0% from 2015 to 2022. Light vehicle OEM was the largest end-use segment in 2014 and is expected to witness significant growth over the next seven years. Asia Pacific was the largest regional market and is expected to witness swift market growth, at an estimated CAGR of 5.6% from 2015 to 2022. The market is dominated by key players including PPG Industries, BASF, Axalta Coating Systems, AkzoNobel, Kansai Paint and Nippon Paint. Original Source: Grand View Research, 2015. Found on SpecialChem Coatings and Inks Formulation, 25 Jun 2015, (Website: http://www. specialchem4coatings.com) ©Grand View Research, Inc. 2015
Profile of Central Asian Paint Industry A newly released IRL report, entitled "A Profile of the Central Asian Paint Industry'', reveals that the total market for paints and coatings in Central Asia exceeded 271,000 tonnes in 2013, and is projected to increase to over 307,900 tonnes by 2018, with an average growth rate of 2.6%/y. Uzbekistan and Kazakhstan represented 41% and 43% of the total Central Asian paints demand, respectively, making them the two largest consumers of paints and coatings in the region. Slow growth rates are expected for the paints and coatings market in Kazakhstan, while the Uzbekistani market is projected to have higher growth rates. The most attractive market for investors is Turkmenistan because of low levels of competition and fast growing downstream industries, while the least attractive market for paint suppliers is Tajikistan. Architectural and
C OAT I N G S decorative coatings represented around 76% of the total market. The materials with special protective properties are expected to have the highest growth rate in the industrial coatings segment. The increasing car fleet will drive the refinishes demand. The level of popularity of powder coatings varies from one country to another. A pie graph shows the paints and coatings market share of Kazakhstan, Azerbaijan, Tajikistan, Kyrgyzstan, Uzbekistan and Turkmenistan in 2013. Another pie graph presents the paint and coatings market share of industrial wood coatings, architectural/ decorative, marine coatings, protective coatings, automotive refinishes, automotive OEM coatings (only for Uzbekistan), general industrial coatings, plastic coatings and powder coatings in Original Source: Coatings World, Jun 2015, 20 (6), 18–19 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Markets for Self-healing Materials: 2015–2022 A new NanoMarkets report, "Markets for SelfHealing Materials: 2015-2022,'' provides an in depth analysis of opportunities in the selfhealing materials market. According to the report self-healing materials (reversible polymers, inorganic capsule and vascular systems, biomaterials, relevant shape memory materials and other self-healing coatings) will grow to around $2.7 bn by 2020. n-tech estimates that the largest market for selfhealing materials will be found in the automotive industry where revenues will reach $1.6 bn by 2020. In this market, suppliers of self-healing materials can build on the existing demand for anti-scratch coatings, as well as the fact that automobile industry is currently very interested in making both the interiors and exteriors of cars more intelligent as part of their competitive strategy. In addition, self-healing materials can bring many practical advantages to the automotive sector including improved asset life and reductions in maintenance and overall cost of ownership. The market for selfhealing materials used in the consumer products sector is expected to reach around $480 M in 2020. n-tech believes that consumer markets are will be an excellent point of market entry for self-healing materials because the requirements for self-healing consumer products are less demanding than for products the construction industry. In the mobile electronics business, the LG G Flex 2 phone is showing how novel self-healing materials can protect products, perhaps eventually rendering a separate smartphone case unnecessary. ntech sees the biggest opportunity from the materials perspective coming from inorganic capsule and vascular materials systems. The market for these materials is negligible now, but will reach $1.3 bn by 2020. The advantages of these capsule/vascular materials systems are that they are truly autonomic needing no outside thermal or light stimulus to self-repair. Firms discussed in the report include PPG, Critical Materials, BASF and others. Original Source: Nanomarkets,ANB, 15 May 2015, (Website: http://ntechresearch.com), © NanoMarkets 2015
August 2015