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Latin America market shakes off contraction
FOCUS the curve on environmentally friendly products and create value. In short, the industrial coatings market continues to be an attractive area for capital and M&A investment. Despite rising prices for raw materials, most signs point to a favorable outlook for coatings manufacturers. Those with the ability to anticipate customer and market demands and innovate new products will be well-positioned for growth, which can be augmented through bolt-on acquisitions. Substantial activity in end markets such as automotive, aerospace, and oil and gas will also contribute to industrial coatings demand growth. In the near-term, we anticipate a continuation of the healthy industrial coatings market we've seen in recent months.
Original Source: Paint & Coatings Industry, 1 Jun 2017, (Website: http://www.pcimag.com), Copyright BNP Media 2017.
Low temperature coating market worth $5.13 bn by 2021 According to the report "Low Temperature Coating Market by Coating Type (PowderBased, and Liquid-Based), Resin Type (Polyester, Epoxy, Polyurethane, Acrylic), End-Use Industry (Automotive, Industrial, Heavy-Duty Equipment, Architectural, Furniture), Region - Global Forecast to 2021'', published by MarketsandMarkets, the global market was valued at $3.50 bn in 2015 and is projected to reach $5.13 bn by 2021, at a CAGR of 6.7% from 2016 to 2021.
Original Source: MarketsandMarkets, 1 Jun 2017. Found on PR Newswire, (Website: http://www.prnewswire.com), Copyright MarketsandMarkets 2017.
Latin America market shakes off contraction In 2016, paint and coatings demand in Latin America slowed down because the regional economy dropped by 1.1%. However, the demand is expected to grow by 1.3% in 2017, according to the international analysts. In Dec 2016, private consumption in Central America rose by 3.0%, with investment growth of 1.9%, while private consumption and investment in South America fell by 2.3% and 9.9%, respectively. It is forecast that Central America will rise by about 3.7% in 2017; including Mexico, with 1.9% expected growth. It is expected that South America and English-speaking Caribbean will grow by 0.9% and 1.3%, respectively. In 2016, Latin America represented 11% of Axalta's global sales and 5% of SherwinWilliams' sales. The paint and coatings demand in the industrial sector fell by 3.0% in 1H 2016, as exports declined. Demand in the Dominican Republic rose by 6.4% in 2016 and is expected to increase by 6.2% in 2017. Panama is forecast to post a 5.9% growth in 2017. Pinturas AYA Panama, PPG, Cosmeplast Panama and Pinturas Panama
July 2017
ON
POWDER
are the market players in the country's maritime paint segment. Pinturas AYA has a paints and coatings capacity of 1.5 M gals/y in Panama. In 2017, Costa Rica and Guatemala are predicted to rise by 3.9% and 3.3%, respectively. Argentina is anticipated to increase by 2.3% in 2017, one of the highest growth rates among the South American countries.
Original Source: Coatings World, Jun 2017, 22 (6), 35-37 (Website: http://www.coatingsworld. com), Copyright Rodman Media 2017.
Manufacturers develop highperforming green materials and coatings for new-age manufacturing The escalating need for materials with tunable properties and high functionality is driving R&D in chemicals and advanced materials, especially in the industries of healthcare, infrastructure, automotive, and oil and gas. Technology developers' keenness to enhance the user-friendliness of products, as well as their weight, energy efficiency, multi-functionality, strength and cost, is attracting a large number of stakeholders to the chemical and advanced materials space. Acknowledging the changing demands of end users, manufacturers are also employing sophisticated, energy-efficient production processes to roll out chemicals and materials that are high performing but still have low volatile organic compound (VOC) content. The study offers an overview of the top 10 materials, chemicals and coatings technologies that will have the highest impact across industries and applications in 2017. Metal alloys, reinforced polymers and composites that can substitute steel are facing hurdles to large-scale adoption as steel is still perceived as a stronger material, despite its tendency to corrode. Self-healing materials are also gaining with automotive, construction, oil & gas and coating industries set to be among the early adopters. Commercialization and demand for the majority of the technologies are highest in North America. The rising demand, especially in the automotive, aerospace, construction, oil and gas, and energy sectors, encourages the construction of large manufacturing facilities to produce these materials. The UK, Switzerland and Germany are looking to develop innovative material technologies across key applications. The European Union plays a key role in funding basic-stage R&D of such materials. Stringent environmental regulations create high demand for novel materials and coatings solutions. Intense R&D activities, growing consumer power and better awareness of energy conservation make it the fastestgrowing market. Japan, China, Korea and India are the key players in chemicals and materials technology development and penetration.
Original source: Frost & Sullivan, 13 Jun 2017, (Frost & Sullivan, website: www.frost.com), Copyright Frost & Sullivan 2017.
C OAT I N G S Water-based coatings forecasts to surpass solvent-based coatings by 2020 A new report by the Freedonia Group, entitled "Protective & Specialty Coatings Market in the U.S.'', revealed that waterbased coatings are anticipated to exceed the solvent-based coatings by 2020. It is expected that the water-based coatings demand in the specialty and protective segment will rise by 2.5%/y to 85 M gals in 2020. Demand for water-based coatings is driven by several global treaties and US standards. The transportation, automotive and electronic materials sectors in the AsiaPacific region posted high levels of growth. The global industrial coatings market is continuously rising driven by the APAC, European and North American regions. Axalta offers Hydropon, its new waterborne coatings for coil and extrusion applications; Nap-Gard high temp exterior pipeline coatings; and Alesta powder coatings collection for aluminium extrusions. Axalta recently introduced Alesta ICONICA powder coatings collection, a selection of 40 new colors. In 2050, AkzoNobel will use 100% renewable energy in its own operations.
Original Source: Coatings World, Jun 2017, 22 (6), 38-41 (Website: http://www.coatingsworld. com), Copyright Rodman Media 2017.
Titanium dioxide market size worth $27.49 bn by 2024 The global titanium dioxide market is expected to reach $27.49 bn by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tonnes/y which will help in fulfilling the demand worldwide.
Original Source: Hexa Research, 14 Jun 2017. Found on PR Newswire, (Website: http://www. prnewswire.com), Copyright Hexa Research 2017.
OEM coatings market worth $69.28 bn by 2022 According to the report "OEM Coatings Market by Formulation (Powder Coatings, Water-borne Coatings, Solvent-borne Coatings, and Radiation Curable Coatings), End-use Industry (Transportation, Consumer Products, and Heavy Equipment & Machinery), and Region - Global Forecasts to 2022'', published by MarketsandMarkets, the market is projected to reach $69.28 bn by 2022, at a CAGR of 4.7% from 2017 to 2022.
Original Source: MarketsandMarkets, 16 Jun 2017. Found on PR Newswire, (Website: http://www.prnewswire.com), Copyright MarketsandMarkets 2017.
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Original Source: Paint & Coatings Industry, 1 Jun 2017, (Website: http://www.pcimag.com), Copyright BNP Media 2017.
Low temperature coating market worth $5.13 bn by 2021 According to the report "Low Temperature Coating Market by Coating Type (PowderBased, and Liquid-Based), Resin Type (Polyester, Epoxy, Polyurethane, Acrylic), End-Use Industry (Automotive, Industrial, Heavy-Duty Equipment, Architectural, Furniture), Region - Global Forecast to 2021'', published by MarketsandMarkets, the global market was valued at $3.50 bn in 2015 and is projected to reach $5.13 bn by 2021, at a CAGR of 6.7% from 2016 to 2021.
Original Source: MarketsandMarkets, 1 Jun 2017. Found on PR Newswire, (Website: http://www.prnewswire.com), Copyright MarketsandMarkets 2017.
Latin America market shakes off contraction In 2016, paint and coatings demand in Latin America slowed down because the regional economy dropped by 1.1%. However, the demand is expected to grow by 1.3% in 2017, according to the international analysts. In Dec 2016, private consumption in Central America rose by 3.0%, with investment growth of 1.9%, while private consumption and investment in South America fell by 2.3% and 9.9%, respectively. It is forecast that Central America will rise by about 3.7% in 2017; including Mexico, with 1.9% expected growth. It is expected that South America and English-speaking Caribbean will grow by 0.9% and 1.3%, respectively. In 2016, Latin America represented 11% of Axalta's global sales and 5% of SherwinWilliams' sales. The paint and coatings demand in the industrial sector fell by 3.0% in 1H 2016, as exports declined. Demand in the Dominican Republic rose by 6.4% in 2016 and is expected to increase by 6.2% in 2017. Panama is forecast to post a 5.9% growth in 2017. Pinturas AYA Panama, PPG, Cosmeplast Panama and Pinturas Panama
July 2017
ON
POWDER
are the market players in the country's maritime paint segment. Pinturas AYA has a paints and coatings capacity of 1.5 M gals/y in Panama. In 2017, Costa Rica and Guatemala are predicted to rise by 3.9% and 3.3%, respectively. Argentina is anticipated to increase by 2.3% in 2017, one of the highest growth rates among the South American countries.
Original Source: Coatings World, Jun 2017, 22 (6), 35-37 (Website: http://www.coatingsworld. com), Copyright Rodman Media 2017.
Manufacturers develop highperforming green materials and coatings for new-age manufacturing The escalating need for materials with tunable properties and high functionality is driving R&D in chemicals and advanced materials, especially in the industries of healthcare, infrastructure, automotive, and oil and gas. Technology developers' keenness to enhance the user-friendliness of products, as well as their weight, energy efficiency, multi-functionality, strength and cost, is attracting a large number of stakeholders to the chemical and advanced materials space. Acknowledging the changing demands of end users, manufacturers are also employing sophisticated, energy-efficient production processes to roll out chemicals and materials that are high performing but still have low volatile organic compound (VOC) content. The study offers an overview of the top 10 materials, chemicals and coatings technologies that will have the highest impact across industries and applications in 2017. Metal alloys, reinforced polymers and composites that can substitute steel are facing hurdles to large-scale adoption as steel is still perceived as a stronger material, despite its tendency to corrode. Self-healing materials are also gaining with automotive, construction, oil & gas and coating industries set to be among the early adopters. Commercialization and demand for the majority of the technologies are highest in North America. The rising demand, especially in the automotive, aerospace, construction, oil and gas, and energy sectors, encourages the construction of large manufacturing facilities to produce these materials. The UK, Switzerland and Germany are looking to develop innovative material technologies across key applications. The European Union plays a key role in funding basic-stage R&D of such materials. Stringent environmental regulations create high demand for novel materials and coatings solutions. Intense R&D activities, growing consumer power and better awareness of energy conservation make it the fastestgrowing market. Japan, China, Korea and India are the key players in chemicals and materials technology development and penetration.
Original source: Frost & Sullivan, 13 Jun 2017, (Frost & Sullivan, website: www.frost.com), Copyright Frost & Sullivan 2017.
C OAT I N G S Water-based coatings forecasts to surpass solvent-based coatings by 2020 A new report by the Freedonia Group, entitled "Protective & Specialty Coatings Market in the U.S.'', revealed that waterbased coatings are anticipated to exceed the solvent-based coatings by 2020. It is expected that the water-based coatings demand in the specialty and protective segment will rise by 2.5%/y to 85 M gals in 2020. Demand for water-based coatings is driven by several global treaties and US standards. The transportation, automotive and electronic materials sectors in the AsiaPacific region posted high levels of growth. The global industrial coatings market is continuously rising driven by the APAC, European and North American regions. Axalta offers Hydropon, its new waterborne coatings for coil and extrusion applications; Nap-Gard high temp exterior pipeline coatings; and Alesta powder coatings collection for aluminium extrusions. Axalta recently introduced Alesta ICONICA powder coatings collection, a selection of 40 new colors. In 2050, AkzoNobel will use 100% renewable energy in its own operations.
Original Source: Coatings World, Jun 2017, 22 (6), 38-41 (Website: http://www.coatingsworld. com), Copyright Rodman Media 2017.
Titanium dioxide market size worth $27.49 bn by 2024 The global titanium dioxide market is expected to reach $27.49 bn by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tonnes/y which will help in fulfilling the demand worldwide.
Original Source: Hexa Research, 14 Jun 2017. Found on PR Newswire, (Website: http://www. prnewswire.com), Copyright Hexa Research 2017.
OEM coatings market worth $69.28 bn by 2022 According to the report "OEM Coatings Market by Formulation (Powder Coatings, Water-borne Coatings, Solvent-borne Coatings, and Radiation Curable Coatings), End-use Industry (Transportation, Consumer Products, and Heavy Equipment & Machinery), and Region - Global Forecasts to 2022'', published by MarketsandMarkets, the market is projected to reach $69.28 bn by 2022, at a CAGR of 4.7% from 2017 to 2022.
Original Source: MarketsandMarkets, 16 Jun 2017. Found on PR Newswire, (Website: http://www.prnewswire.com), Copyright MarketsandMarkets 2017.
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