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Global saturated polyester resin market to grow at a CAGR of 5.83% from 2016 to 2021: M&M
FOCUS The domestic paint industry took advantage of the downfall in crude oil prices, but unfavourable dollar-rupee exchange rate values negatively affected import prices of paint. Meanwhile, ASSOCHAM predicts the Indian paint industry to reach Rup 620 bn by end-2016. From Rup 510 bn in 2014, the industry increased at around 7.5% to Rup 556 bn in 2015. The year 2016 will be a dynamic year for the local paint industry due to robust increase in domestic economy and various government initiatives, including housing and rehabilitation programmes, which can boost paint demand. The country's largest paint firm Asian Paints has signed a Memorandum of Understanding with the Andhra Pradesh government got the construction of a paints and intermediates facility in the state for around Rup 17.5 bn in a 12-year phased project. Berger Paints will also build two facilities in Assam, including a putty and distemper production facility and a water- and solvent-based paint mixing unit. Finally, Kansai Nerolac's board has approved two project: a 42,000 tons/y paint facility in Gujarat (Rup 3.5 bn); and a 38,000 tons/y paint production unit in Punjab (Rup 1.8 bn). A table presents the sales comparison of major Indian paint manufacturers in the first six months of the past two financial years, including figures for Asian Paints, Kansai Nerolac India and Berger Paints.
Original Source: APCJ, Asia Pacific Coatings Journal, Feb-Mar 2016, 29 (1), 16-17 (Website: http://www. asiapacificcoatingsjournal.com/) Copyright dmg events 2016
Automotive OEM coatings market Growing demand for automotive OEM coatings is contributed by aging vehicles, increased overall vehicle demand, expanded infrastructure and environmental concerns. A report by Grand View Research in Jun 2015 revealed that the global automotive coatings market is projected to increase from 3,769,200 tons in 2014 to over 5,000,000 tons by 2022, growing at a CAGR of more than 4.5% during the forecast period. The report showed that the value of the automotive coatings market will reach $27.69 bn by 2022. The market growth will be driven by accelerated demand for environment friendly coatings including powder coatings, UV-cured coatings and waterborne coatings, in emerging economies including Brazil and China. Through 2022, Asia Pacific is expected to be the leading the region in the automotive coatings market. It is predicted that basecoat will witness a CAGR of more than 5% throughout 2022. Over the next seven years, light vehicle OEM is forecast to have a significant growth due to expanding demand for passenger cars in India, China, Mexico, Saudi Arabia and Thailand. It is also expected that the Asia Pacific region will record a CAGR of 5.6% during the forecast period. In the last three years, Axalta have invested to expand output capacity in Mexico, China, Argentina, Brazil and India. The company has also optimized its North
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American and European plants. Its new Global Innovation Center in Philadelphia, PA, US, will support new technology development for the global automotive business, and its new technology center in Shanghai will support the Asia-Pacific operations. BASF has recently launched a world-class resins plant in China. The company offers Cathoguard 800 e-coat, which is the best performing and most efficient e-coat on the market. PPG celebrated the completion of a center for on-site electrocoat coatings blending at its resin production plant in Zhangjiagang, China, in early 2016. The project is estimated to cost $20 M. The company declared the completion of investments in the automotive coatings plants in Sumare, Sao Paulo, Brazil, and San Juan del Rio, Mexico, in 2015. The company offers ZIRCOBOND pretreatment and EnviroPrime 7000 hyper-throwpower electrocoat to contribute to sustainability goals. A bar graph shows the world's automotive coatings market (waterborne coatings, solventborne coatings, UV-cured coatings and powder coatings) from 2012 to 2022.
Original Source: Coatings World, Mar 2016, 21 (3), 68-71, 73-75 (Website: http://www. coatingsworld.com) Copyright Rodman Media 2016
Global saturated polyester resin market to grow at a CAGR of 5.83% from 2016 to 2021: M&M According to the report 'Saturated Polyester Resin Market by Type (Liquid SPR and Solid SPR), Application (Powder Coatings, Industrial Paints, Coil & Can Coatings, Automotive Paints, Flexible Packaging, and 2K PU Coatings), and by Region - Global Forecasts to 2021', the global saturated polyester resin market is projected to reach $4.77 bn by 2021, registering a CAGR of 5.83% from 2016 to 2021. Liquid SPR and powder coatings accounted for the largest share of saturated polyester resin market. The US, China, India and Germany are the largest consumers of saturated polyester resin. Asia-Pacific is the largest market for saturated polyester resin, both in terms of volume and value, followed by Europe and North America. The key players in the global market include Royal DSM NV, Allnex Belgium SA/NV, Arkema SA, Nuplex Industries, Stepan Company, Evonik Industries, Nippon Gohsei, Covestro AG and Megara Resins (Anastassios Fanis SA).
Original Source: MarketsandMarkets, 2016. Found on SpecialChem Coatings and Inks Formulation, 22 Apr 2016, (Website: http:// www.specialchem4coatings.com) Copyright MarketsandMarkets 2016
Russia experiences rise of competition among foreign and domestic coating manufacturers A recent report by the Russian Association of Coating Manufacturers (Tsentrlak) revealed that the country's industrial coating market might experience a sharp increase in competition between domestic facilities and
C OAT I N G S foreign producers. In 2015, the total size of the Russian industrial coatings market reached 350,000 tons, while capacities of recently announced and launched projects will amount to 80,000 tons. In 2015, Hempel Group spent €30 M in the production of 16,000 tons/y of coating at the plant in Ulyanovsk. PPG Industries Group aims to invest $30 M in the production of 25,000 tons/y of coatings at its Lipetsk Oblast facility. In value terms, the Russian industrial coating market is now estimated at Roubles 128 bn ($1.76 bn), while around half of all supplies has been represented by import. The market size for decorative coating is now around 792,000 tons and Roubles 89 bn ($1.22 bn), in volume and value terms, respectively. According to the Rosstat, the overall size of the Russian coating market amounted to 1.26 M tons in 2015, down by 6% from 2014. In 2015, operating rates at the Russian coating facilities were just 40% due to inability to develop export and low demand. It is estimated that the share of counterfeit coatings in particular segments of the market now amounts to 40-60%. Market participants revealed that, in several cases, coating materials have been sold at the market at the price of Roubles 30/L ($0.40/L). The Association for Assessing the Quality of Coating Materials was created at end-2015 by Russia's Industry and Trade Ministry to fight with counterfeit production. However, representatives of Tsentrlak believed that the association would promote interests of foreign producers.
Original Source: Coatings World, Apr 2016, 21 (4), 36-38 (Website: http://www.coatingsworld. com) Copyright Rodman Media 2016
Global antimicrobial coatings market set for rapid growth The global market for antimicrobial coatings is set to grow at about 9% CAGR in 2015-2020 from $2.10 bn in 2014 to $5 bn by 2020. In volume terms, the market exceeded 325,000 tons in 2014. The biggest driver of growth is the quickly developing indoor air quality products market. Increasing coatings and additives use in plastic packaging, and growing plastic packaging demand in various applications are also anticipated to drive antimicrobial coatings market growth. Environmental issues linked to antimicrobial coatings could hinder growth. Key product segments are surface modifications and coatings, which represented more than 50% in 2014 volume consumption; and antimicrobial powder coatings, which is anticipated to grow moderately in the forecast period. Major antimicrobial application markets are food, construction, antimicrobial textiles, medical/healthcare, mold remediation and indoor quality. Medical/healthcare segment recorded the second largest growth in 2014. North America was the biggest market consumption-wise, and had about 40% in the total volume consumption. Asia Pacific and Europe are the second and third biggest markets, respectively. Major market players include BASF SE, AkzoNobel NV, Diamond Vogel Paints, E.I. du Pont de Nemours & Company (DuPont), Dow Microbial Control,
June 2016
Original Source: APCJ, Asia Pacific Coatings Journal, Feb-Mar 2016, 29 (1), 16-17 (Website: http://www. asiapacificcoatingsjournal.com/) Copyright dmg events 2016
Automotive OEM coatings market Growing demand for automotive OEM coatings is contributed by aging vehicles, increased overall vehicle demand, expanded infrastructure and environmental concerns. A report by Grand View Research in Jun 2015 revealed that the global automotive coatings market is projected to increase from 3,769,200 tons in 2014 to over 5,000,000 tons by 2022, growing at a CAGR of more than 4.5% during the forecast period. The report showed that the value of the automotive coatings market will reach $27.69 bn by 2022. The market growth will be driven by accelerated demand for environment friendly coatings including powder coatings, UV-cured coatings and waterborne coatings, in emerging economies including Brazil and China. Through 2022, Asia Pacific is expected to be the leading the region in the automotive coatings market. It is predicted that basecoat will witness a CAGR of more than 5% throughout 2022. Over the next seven years, light vehicle OEM is forecast to have a significant growth due to expanding demand for passenger cars in India, China, Mexico, Saudi Arabia and Thailand. It is also expected that the Asia Pacific region will record a CAGR of 5.6% during the forecast period. In the last three years, Axalta have invested to expand output capacity in Mexico, China, Argentina, Brazil and India. The company has also optimized its North
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American and European plants. Its new Global Innovation Center in Philadelphia, PA, US, will support new technology development for the global automotive business, and its new technology center in Shanghai will support the Asia-Pacific operations. BASF has recently launched a world-class resins plant in China. The company offers Cathoguard 800 e-coat, which is the best performing and most efficient e-coat on the market. PPG celebrated the completion of a center for on-site electrocoat coatings blending at its resin production plant in Zhangjiagang, China, in early 2016. The project is estimated to cost $20 M. The company declared the completion of investments in the automotive coatings plants in Sumare, Sao Paulo, Brazil, and San Juan del Rio, Mexico, in 2015. The company offers ZIRCOBOND pretreatment and EnviroPrime 7000 hyper-throwpower electrocoat to contribute to sustainability goals. A bar graph shows the world's automotive coatings market (waterborne coatings, solventborne coatings, UV-cured coatings and powder coatings) from 2012 to 2022.
Original Source: Coatings World, Mar 2016, 21 (3), 68-71, 73-75 (Website: http://www. coatingsworld.com) Copyright Rodman Media 2016
Global saturated polyester resin market to grow at a CAGR of 5.83% from 2016 to 2021: M&M According to the report 'Saturated Polyester Resin Market by Type (Liquid SPR and Solid SPR), Application (Powder Coatings, Industrial Paints, Coil & Can Coatings, Automotive Paints, Flexible Packaging, and 2K PU Coatings), and by Region - Global Forecasts to 2021', the global saturated polyester resin market is projected to reach $4.77 bn by 2021, registering a CAGR of 5.83% from 2016 to 2021. Liquid SPR and powder coatings accounted for the largest share of saturated polyester resin market. The US, China, India and Germany are the largest consumers of saturated polyester resin. Asia-Pacific is the largest market for saturated polyester resin, both in terms of volume and value, followed by Europe and North America. The key players in the global market include Royal DSM NV, Allnex Belgium SA/NV, Arkema SA, Nuplex Industries, Stepan Company, Evonik Industries, Nippon Gohsei, Covestro AG and Megara Resins (Anastassios Fanis SA).
Original Source: MarketsandMarkets, 2016. Found on SpecialChem Coatings and Inks Formulation, 22 Apr 2016, (Website: http:// www.specialchem4coatings.com) Copyright MarketsandMarkets 2016
Russia experiences rise of competition among foreign and domestic coating manufacturers A recent report by the Russian Association of Coating Manufacturers (Tsentrlak) revealed that the country's industrial coating market might experience a sharp increase in competition between domestic facilities and
C OAT I N G S foreign producers. In 2015, the total size of the Russian industrial coatings market reached 350,000 tons, while capacities of recently announced and launched projects will amount to 80,000 tons. In 2015, Hempel Group spent €30 M in the production of 16,000 tons/y of coating at the plant in Ulyanovsk. PPG Industries Group aims to invest $30 M in the production of 25,000 tons/y of coatings at its Lipetsk Oblast facility. In value terms, the Russian industrial coating market is now estimated at Roubles 128 bn ($1.76 bn), while around half of all supplies has been represented by import. The market size for decorative coating is now around 792,000 tons and Roubles 89 bn ($1.22 bn), in volume and value terms, respectively. According to the Rosstat, the overall size of the Russian coating market amounted to 1.26 M tons in 2015, down by 6% from 2014. In 2015, operating rates at the Russian coating facilities were just 40% due to inability to develop export and low demand. It is estimated that the share of counterfeit coatings in particular segments of the market now amounts to 40-60%. Market participants revealed that, in several cases, coating materials have been sold at the market at the price of Roubles 30/L ($0.40/L). The Association for Assessing the Quality of Coating Materials was created at end-2015 by Russia's Industry and Trade Ministry to fight with counterfeit production. However, representatives of Tsentrlak believed that the association would promote interests of foreign producers.
Original Source: Coatings World, Apr 2016, 21 (4), 36-38 (Website: http://www.coatingsworld. com) Copyright Rodman Media 2016
Global antimicrobial coatings market set for rapid growth The global market for antimicrobial coatings is set to grow at about 9% CAGR in 2015-2020 from $2.10 bn in 2014 to $5 bn by 2020. In volume terms, the market exceeded 325,000 tons in 2014. The biggest driver of growth is the quickly developing indoor air quality products market. Increasing coatings and additives use in plastic packaging, and growing plastic packaging demand in various applications are also anticipated to drive antimicrobial coatings market growth. Environmental issues linked to antimicrobial coatings could hinder growth. Key product segments are surface modifications and coatings, which represented more than 50% in 2014 volume consumption; and antimicrobial powder coatings, which is anticipated to grow moderately in the forecast period. Major antimicrobial application markets are food, construction, antimicrobial textiles, medical/healthcare, mold remediation and indoor quality. Medical/healthcare segment recorded the second largest growth in 2014. North America was the biggest market consumption-wise, and had about 40% in the total volume consumption. Asia Pacific and Europe are the second and third biggest markets, respectively. Major market players include BASF SE, AkzoNobel NV, Diamond Vogel Paints, E.I. du Pont de Nemours & Company (DuPont), Dow Microbial Control,
June 2016