F O C U S compound annual growth rate (CAGR) of around 20%. Rising income from rural areas has become a main driver for the demand of total paints in the country. Demand for premium paints has also increased even in remote areas of the country. Profits of paint companies are expected to increase due to declining prices of crude oil. Original Source: APCJ, Asia Pacific Coatings Journal, Feb 2015, 28 (01), 16 (Website: http://www.asiapacificcoatingsjournal.com/) © dmg events 2015
Latest smart coatings report published by NanoMarkets Smart Coatings Markets 2015-2022 from NanoMarkets reports that the smart coatings market is expected to grow from about $610 M in 2015 to $5.8 bn in 2020. The market for selfhealing coatings will be worth $530 M by 2020. New smart coatings products and product classes are expected to come from R&D programmes in the smart coatings sector. This includes multilayer coatings, which can be used to produce multifunctional coatings. The Internet-of-Things (IoT) has contributed to the commercial potential for smart coatings in the electronics industry. By 2020, revenues from smart coatings sales into the electronics industry are forecasted to reach $225 M. Declining prices of oil has resulted in reduced optimism in the potential for smart coatings in the energy and green building sectors. Original Source: APCJ, Asia Pacific Coatings Journal, Feb 2015, 28 (01), 22 (Website: http://www.asiapacificcoatingsjournal.com/) © dmg events 2015
Kusumgar, Nerlfi & Growney announce fifth US paint & coatings industry study Based on Kusumgar, Nerlfi & Growney’s “The US Paint & Coatings Industry, 2015-2020” study, paint and coatings consumption is expected to be 8.8 bn dry pounds (excluding solvent and water) in 2015, which is worth at around $28 bn. The study forecasts that the architectural coatings will represent just over 50% of the volume in 2015, original equipment manufacturer (OEM) APRIL 2015
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coatings at one-quarter and special purpose coatings at 24%. In terms of volume, water-based technology is expected to grow from 48% in 1996 to 58% in 2015, while solvent-based technology is anticipated to decrease from 42% to 30%. Architectural paints and industrial coatings (OEM and special purpose) account for 71% and 29%, respectively. In 2015, industrial applications will use slightly over 70% of the solvent-based coating. Powder, radiation cure and other 100% solids technologies are expected to have an 11% share in 2015, which represent 5% of special purpose coatings and around 40% of the OEM volume. Powder is anticipated to increase to slightly over 20% of the OEM coating volume in 2015 from 14% share in 1996.
factories. A new manufacturing plant of Axalta Coating Systems in Shanghai is being built. Together with Shanghai KLT, the company will manufacture automotive coatings soon. It is projected that, in 2015, China will have more than 50 painting lines to use water-based coatings to enhance air quality. The percentage of water-based varieties used in color coatings and intermediate coatings is expected to increase by 100% in four years from just about 30%.
Original Source: Coatings World, Feb 2015, 20 (2), 14-15 (Website: http://www.coatingsworld.com) © Rodman Media 2015
According to the report titled “AntiCorrosion Coating Market by Type (Epoxy, Polyurethane, Zinc, Alkyd, Acrylic), Technology (Solvent, Water, Powder), and End-Use (Marine, Oil and Gas, Power Generation, Industrial, Infrastructure, Automotive)-Global Trends and Forecasts to 2019”, the anticorrosion coating market is projected to register a CAGR of 4.5% between 2014 and 2019 to reach $26,583 M. Power generation, infrastructure and automotive and transportation are the highest growing segments for the anti-corrosion coating market. Marine sector emerged as the largest end-use industry for anticorrosion coatings in 2013 and is estimated to experience a slow growth from 2014 to 2019 on account of the slowdown in the shipbuilding sector. Epoxy based anti-corrosion coatings dominated the market in 2013 and will continue to retain the leading position in 2019. Acrylic based anti-corrosion coatings are estimated to have the highest growth from 2014 to 2019 due to the increasing environmental regulations and switch from solvent-borne coatings to water-borne coatings. Solvent-borne anti corrosion coatings dominated the market in 2013.
Automotive coatings stay on fast growing track According to the Institute of Coatings & Painting of the Chemical Industry and Engineering Society of China, the market of the OEM coatings for the passenger vehicles (including SUV, MPV and car) grew by about 15% to approximately 360,000 tonnes in 2013, and which represent around half of the whole passenger vehicle coatings market in China. It is projected that the OEM coatings market, at some point, will increase by 7-8%/y. The growth in the Chinese automotive coatings industry is driven by continuous increase in the country’s automobile industry, which has 110 M passenger vehicles by end-2013. Currently, the leading foreign producers in the Chinese car refinishes market are PPG, Dupont, Top Wave (joint venture), AkzoNobel, Nippon, Noroo (Korea) and Sherwin Williams. The newly established vehicle refinishes facility of AkzoNobel in Changzhou, Jiangsu province have started operating, which adds about 25 M L of capacity for Lesonal, Sikkens and Prime vehicle refinishes products. PPG’s resin facility started its operations in mid-2014 to offer high quality raw materials to its Anhui and Tianjin
Original Source: Coatings World, Feb 2015, 20 (2), 22-23 (Website: http://www.coatingsworld.com) © Rodman Media 2015
Anti-corrosion coating market to register a CAGR of 4.5% from 20142019
Original Source: MarketsandMarkets, 2015, Found on website: SpecialChem Coatings and Inks Formulation, 26 Feb 2015, (Website: http://www.specialchem4coatings.com) © MarketsandMarkets 2015
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