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Automotive OEM coatings market
FOCUS Shifting winds for US: earnings in petrochemical sector The US petrochemical industry is facing changes. The drop in crude oil prices may pull down petrochemical margins and prices despite the sustained cost advantages for using low-cost natural gas liquids to manufacture ethylene and derivatives. Margin compression in 2015 is forecast for integrated polyethylene (PE) in the US, versus a strong 2014. Profitability is still projected to be solid but not great. For several US-based global chemical firms, currency will be a major factor in 2015, since the US dollar grows stronger versus the Japanese yen, euro, and currencies from Latin America and Southeast Asia. Consequently, products marketed outside the US will mean less US dollars, and Asian and European manufacturers will be more competitive in the US market. Generally, the US production industry that relies on exports will also be affected by the stronger dollar. Following the peak $1.39/euro in May 2014, the euro had been nearing the US dollar at about $1.09/euro. Wall Street analysts have been reducing profit approximations for USbased chemical firms after 4Q 2014 results due to currency and oil. On 16 Mar 2015, a UBS analyst had decreased Dow Chemical earnings per share (EPS) estimate for 2015 to $2.90 from $3.05 because of recent US dollar strength. However, his 2016 EPS projection remained at $4.00 on the belief that oillinked chemical prices will be amended in the following months for foreign exchange (FX). According to an analyst from Wells Fargo, whose US chemicals coverage includes coating firms RPM International and PPG Industries, EPS is forecast to increase at a mean 7% in 2015, a more positive view against the consensus at about 3%. A table shows the 2015 consensus earnings per share estimates. LyondellBasell's EPS estimate for 2015 decreased 13% to $7.74 from $8.85 EPS for 2014. Westlake Chemical's 2015 EPS forecast for 2015 dropped by 16% to $4.54 from $5.43 EPS in 2014. Original Source: ICIS Chemical Business, 23–29 Mar 2015, 287 (11), 5 (Website: http:// www.icis.com) © Reed Business Information Limited 2015
Automotive OEM coatings market Automotive coatings are driven by the production growth of automobiles and trucks. The OEM automotive/truck coatings market in North America is worth $2.4 bn. In terms of value,
May 2015
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coatings consumption in North America is worth $2.835 bn. Axalta, PPG, BASF and AkzoNobel are the major suppliers of coatings in North America, while Worwag, Sherwin-Williams, Nippon Paint, United Paint and Red Spot are the minor suppliers. BASF has established a new automotive OEM coatings facility in Shanghai, China, to boost its local presence. Production at the Shanghai facility is scheduled to start in 2H 2015. Following its growth in 2014, the automotive OEM coatings business of PPG is expected to increase by approximately 4-5%. In 2015, the company is introducing its Green Logic Matrix, Green Logic Ultimate and EnviroPrime 7000 hyper-throwpower electrocoat. With the current trend in automotive production, Axalta has recently unveiled a new waterborne production plant at its operations centre in Shanghai, China. A new OEM R&D laboratory was launched in Dec 2014. The company is also improving its coatings capacity in Brazil, waterborne capacity in Germany and resin capabilities in Mexico. Axalta's newly launched Vermeera technology line of premium effect and high chromatic colours offers improved elegance and excitement. Its new generation AquaEC electrocoat and innovative topcoats will satisfy the ever-increasing standards and OEM specifications. Original Source: Coatings World, Mar 2015, 20 (3), 50,52,54-55 (Website: http://www. coatingsworld.com) © Rodman Media 2015
Global industrial coatings market size and forecast up to 2020 Data from a Grand View Research report reveal that the global industrial coatings market is projected to grow due to the increasing demand of high temperature performance, corrosion resistance, and improved service life in marine, automotive, oil & gas and construction industries. It is anticipated that the industrial coatings market will grow through 2020 due to technological development in solvent-borne and powder coatings. Demand for ecofriendly coatings will positively affect the industrial coatings market. Growth in the expenditure of the Chinese, Middle Eastern and India governments on infrastructure will boost the global industrial coatings market. Over the forecast period, industrial coatings market is projected to be affected by the oil & gas sector in BRICS. Demand for industrial coatings is also expected to rise due to the development of unconventional resources such as shale
C OAT I N G S gas and tight oil in Canada and the US. AkzoNobel, PPG Industries, DuPont, Axalta, BASF, Sherwin-Williams, Valspar, NOROO Paints & Coatings and Nippon Paints are the leading market players. Production capacities in India and China have been increased to meet the increasing demand for industrial coatings in the construction and automotive industries in the Asia Pacific region. Meanwhile, 25,000 tonnes of waterborne coatings from Axalta plant in Shanghai, China, is projected to be sold to local automotive producers. Original Source: Coatings World, Mar 2015, 20 (3), 30 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Powder coatings market in Poland to grow at a CAGR of 8.3 percent over the period 2014–2019 Powder coatings are a type of solventfree coating products that are used to provide a dry finishing process. They are known for their high-quality and durable finish. These coatings emit few volatile organic compounds and are, hence, eco-friendly compared to solvent-borne coatings. Powder coatings are composed of resins, additives, curing agents, extenders or fillers, and tint pigments. This report covers present scenario and the growth prospects of the powder coatings market in Poland for the period 2015–2019. The report also provides data on the different segments of the market, which are based on the following criteria: type (thermoset powder coatings that include polyester, epoxy-polyester, epoxy, and acrylic powder coatings and thermoplastic powder coatings that include PVC, nylon, and other thermoplastic powder coatings); substrate (metals, plastics, and wood); and application (architecture, general industry, automotive, and other applications). The report also includes a discussion of the key vendors operating in this market including AkzoNobel, Axalta Coating Systems, PPG Industries, The Helios Group, The Jotun Group, The Valspar, TIGER Coatings, CWS Powder Coatings, Eco-Color, FreiLacke, IGP Powder Coatings, Karl Wörwag Lackund Farbenfabrik, Naber Polska, Neokem, Sherwin-Williams, and Teknos. Market challenges are also explored including issues with application and growing market consolidation. Original Source: Sandler Research, April 2015, (Website: www.sandlerresearch.org) © Sandlerresearch.org 2015
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Automotive OEM coatings market Automotive coatings are driven by the production growth of automobiles and trucks. The OEM automotive/truck coatings market in North America is worth $2.4 bn. In terms of value,
May 2015
ON
POWDER
coatings consumption in North America is worth $2.835 bn. Axalta, PPG, BASF and AkzoNobel are the major suppliers of coatings in North America, while Worwag, Sherwin-Williams, Nippon Paint, United Paint and Red Spot are the minor suppliers. BASF has established a new automotive OEM coatings facility in Shanghai, China, to boost its local presence. Production at the Shanghai facility is scheduled to start in 2H 2015. Following its growth in 2014, the automotive OEM coatings business of PPG is expected to increase by approximately 4-5%. In 2015, the company is introducing its Green Logic Matrix, Green Logic Ultimate and EnviroPrime 7000 hyper-throwpower electrocoat. With the current trend in automotive production, Axalta has recently unveiled a new waterborne production plant at its operations centre in Shanghai, China. A new OEM R&D laboratory was launched in Dec 2014. The company is also improving its coatings capacity in Brazil, waterborne capacity in Germany and resin capabilities in Mexico. Axalta's newly launched Vermeera technology line of premium effect and high chromatic colours offers improved elegance and excitement. Its new generation AquaEC electrocoat and innovative topcoats will satisfy the ever-increasing standards and OEM specifications. Original Source: Coatings World, Mar 2015, 20 (3), 50,52,54-55 (Website: http://www. coatingsworld.com) © Rodman Media 2015
Global industrial coatings market size and forecast up to 2020 Data from a Grand View Research report reveal that the global industrial coatings market is projected to grow due to the increasing demand of high temperature performance, corrosion resistance, and improved service life in marine, automotive, oil & gas and construction industries. It is anticipated that the industrial coatings market will grow through 2020 due to technological development in solvent-borne and powder coatings. Demand for ecofriendly coatings will positively affect the industrial coatings market. Growth in the expenditure of the Chinese, Middle Eastern and India governments on infrastructure will boost the global industrial coatings market. Over the forecast period, industrial coatings market is projected to be affected by the oil & gas sector in BRICS. Demand for industrial coatings is also expected to rise due to the development of unconventional resources such as shale
C OAT I N G S gas and tight oil in Canada and the US. AkzoNobel, PPG Industries, DuPont, Axalta, BASF, Sherwin-Williams, Valspar, NOROO Paints & Coatings and Nippon Paints are the leading market players. Production capacities in India and China have been increased to meet the increasing demand for industrial coatings in the construction and automotive industries in the Asia Pacific region. Meanwhile, 25,000 tonnes of waterborne coatings from Axalta plant in Shanghai, China, is projected to be sold to local automotive producers. Original Source: Coatings World, Mar 2015, 20 (3), 30 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Powder coatings market in Poland to grow at a CAGR of 8.3 percent over the period 2014–2019 Powder coatings are a type of solventfree coating products that are used to provide a dry finishing process. They are known for their high-quality and durable finish. These coatings emit few volatile organic compounds and are, hence, eco-friendly compared to solvent-borne coatings. Powder coatings are composed of resins, additives, curing agents, extenders or fillers, and tint pigments. This report covers present scenario and the growth prospects of the powder coatings market in Poland for the period 2015–2019. The report also provides data on the different segments of the market, which are based on the following criteria: type (thermoset powder coatings that include polyester, epoxy-polyester, epoxy, and acrylic powder coatings and thermoplastic powder coatings that include PVC, nylon, and other thermoplastic powder coatings); substrate (metals, plastics, and wood); and application (architecture, general industry, automotive, and other applications). The report also includes a discussion of the key vendors operating in this market including AkzoNobel, Axalta Coating Systems, PPG Industries, The Helios Group, The Jotun Group, The Valspar, TIGER Coatings, CWS Powder Coatings, Eco-Color, FreiLacke, IGP Powder Coatings, Karl Wörwag Lackund Farbenfabrik, Naber Polska, Neokem, Sherwin-Williams, and Teknos. Market challenges are also explored including issues with application and growing market consolidation. Original Source: Sandler Research, April 2015, (Website: www.sandlerresearch.org) © Sandlerresearch.org 2015
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