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Myanmar paint market grows despite construction slowdown
FOCUS Industries, The Sherwin-Williams Co, and Arkema SA, among others. These results are presented by Grand View Research Inc's report entitled, "Protective Coatings Market By Resin Type, Product, End-Use And Segment Forecasts, 2014-2025''.
Original Source: Grand View Research Inc., 2017. Found on PR Newswire, 25 Jan 2017, (Website: http://www.prnewswire.com), Copyright Grandview Research, Inc. 2017.
Myanmar paint market grows despite construction slowdown The positive projection of paints and coatings firms on Myanmar's potential in 2016 has not been achieved due to the slowdown in liberalizing the country's construction industry. The month-long freeze on high rises in Yangon has also added to the problems. Myanmar's recent construction boom was mainly driven by the residential market, which constituted around 40% of construction activity in 2013. Construction activity slowly decreased in 20152016 although infrastructure will still drive the country's economy. Norway-based Jotun's unit Jotun Myanmar, which produces protective coatings, marine coatings and decorative coatings, aims to be the country's largest player in the paints and coatings market. However, domestic firm UPG remains as the top market player in Myanmar, employing around 600 people. Other competitors are emerging in the market, including Kansai Paint of Japan and TOA Paint of Thailand, with more international firms expected to enter the market. Myanmar's paint and coatings market is still on its early stage of development. Despite the challenges in the construction sector, opportunities are developing in other sectors, such as the marine sector. Myanmar Shipyard Dong A intends to build 30 ships and plans to significantly invest in infrastructure projects in the next years.
Original Source: APCJ, Asia Pacific Coatings Journal, Dec 2016-Jan 2017, 29 (6), 12,15 (Website: http://www. asiapacificcoatingsjournal.com/), Copyright dmg events 2016.
Growth in the pigments market and product launches The pigments market grew in 2016, although performance of some segments of the pigments was better compared to other segments. Asia Pacific posted somewhat low growth in domestic demand, but export driven coatings was still weak. The global iron oxide pigments market is increasing constantly, which primarily fuelled by the trend toward urbanization as well as the strong state of the construction sector in North America and Asia. It is anticipated that pigments volume growth in decorative coatings will post an above-average rate in emerging regions like India and China. Demand for Sun Chemical's Benda-Lutz MAXAL EC aluminium flake is robust in powder architectural coatings. Sun launched SunMICA Deep Black Pearlescent pigment in 2016, which is ideal for powder coatings applications to develop rich, deep and reflective charcoal effects. The company has also introduced Perrindo Red 179 for tinted clearcoats applications. BASF has inaugurated the new Lumina Royal Dragon Gold EH 0908, which is a highly chromatic green gold
March 2017
ON
POWDER
interference mica pigment that provides the strongest sparkle and highest lightness in styling for greens and golds. The company has also introduced two new quinacridone-based Cinquasia Magenta pigments, Cinquasia Uniflow Magenta EH 4555 and Uniflow Magenta EH 4505, intended for high-end industrial markets. Heubach has introduced a series of dry pigment preparations for lead replacement under the brand name HEUCOFITTM LR, including HEUCODUR 2550, which is a medium shade high strength Chromium rutile. In 2016, the Hoover Color division of Cathay Industries launched its "M'' class EnvironOxides, which are transparent iron oxides with dispersibility and costs similar to common coatings grade synthetic iron oxides and are manufactured from a sustainable raw material. Clariant has also introduced ED-Pigments, which help save energy and upgrade processes in paint manufacturing. Lanxess can now produce a novel generation of red iron oxide pigments with the highest chromaticity ever using its new and sustainable "Ningbo process''. The company's "New Red'' pigments of the proven Bayferrox range deliver very good color stability during milling. Cabot Corp's EMPEROR 1800 and EMPEROR 2000 specialty carbon blacks are formulated for water-based automotive basecoats and deep black masstone applications. The company's EMPEROR 1200 and EMPEROR 1600 premium carbon black pigments offer deep black color with a blue undertone, and provide excellent color performance and processability for solventbased applications. Lansco Colors is unveiling a range of pigments for plastics which feature a narrower particle size distribution. The company has also launched Lansco 1667 Opaque Orange 67, which is a very opaque, highly brilliant orange for coatings; Lansco 1319 Quinacridone Red Violet 19, which is an opaque, yellow shade red Pigment Violet 19; and Lansco 2538 Opaque Quinophthalone Yellow 138, which is a green shade yellow with good light and weatherfastness.
Original Source: Coatings World, Jan 2017, 22 (1), 35-36, 38 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2017.
Global metallic pigments market to reach $1.2 bn by 2023 Transparency Market Research (TMR) has forecast the global metallic pigments market to exhibit a CAGR of 6.4% between 2015 and 2023. The market stood at a valuation of $736.2 M and is projected to be worth $1.2 bn by end-2023. Among the various end users, the paints and coatings industry is expected to showcase the maximum contribution to the market's revenue. Regionally, Asia-Pacific held the dominant share of 30% in the global metallic pigment market in 2015. A majority of the demand witnessed in the global metallic pigment market will be witnessed in the emerging nations. Among the various nations, demonstrating opportunities for companies operating in the metallic pigments market, those witnessed in India, China and Southeast will be considerably lucrative. Besides Asia-Pacific, Europe also prove to be a profitable ground for the global metallic pigments market. The market witnessed a relatively faster rate of growth in
C OAT I N G S Europe due to stringent regulations implemented by the EU to curb VOC and particulate emissions. In North America, the market however continued exhibiting stable growth on account of the advanced technologies and established markets favoring the market's trajectory. In addition, the increasing opportunities in Latin America will also provide impetus to the market. Other developing nations such as Brazil also hold strong potential for the market's growth. It is thus evident that industrialization and urbanization witnessed across emerging nations have been a chief driver of the global metallic pigments market. On the downside, the growth witnessed in the Middle East and Africa was sluggish and is expected to remain so through the course of the forecast period. Silberline Manufacturing Co, Asahi Kasei Corporation, BASF AG, Carl Schlenk AG and ALTANA AG will emerge as the leading players.
Original Source: TMR, 2017. SpecialChem Coatings and Inks Formulation, 17 Jan 2017, (Website: http://www.specialchem4coatings. com), Copyright Transparency Market Research 2017.
Coating additives market expects to grow to $9.19 bn by 2021 A report by MarketsandMarkets, entitled "Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Powder Based), and Types - Global Trends & Forecasts to 2021'', forecasts that the global market size of coating additives will total $9.19 bn by 2021. It is anticipated that the market will post a CAGR of 6.1% throughout 2021. It is revealed that rheology modification function will lead the coating additives market during the forecast period. Among all the formulation types, the market is led by waterborne formulations. The market share of coating additives for solventborne system is declining due to rising environmental standards. Strict environmental standards are driving the move toward the powder-based and waterborne coating additives. However, the South American and Asia-Pacific regions are still significantly using solvent-borne system though its use has drastically decreased in North America and Europe. The major application of coating additives is architecture. The coating additives demand is fueled by the increasing residential and commercial construction in the Asia-Pacific region. The high-performance coating additives demand is driven by the expanding automotive sector in the South American and Asia-Pacific regions. A report by Grand View Research, entitled "Americas Coating Additives Market Analysis By Formulation, By Function, By Product, By End-Use And Segment Forecast To 2024'', reveals that the American coatings additives market size was more than $1.60 bn in 2015. It is anticipated that the new product and technologies innovation, such as the acrylicbased primers and powder-based formulations, will enter the customer base in the near future.
Original Source: Coatings World, Jan 2017, 22 (1), 40,42-43 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2017.
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Original Source: Grand View Research Inc., 2017. Found on PR Newswire, 25 Jan 2017, (Website: http://www.prnewswire.com), Copyright Grandview Research, Inc. 2017.
Myanmar paint market grows despite construction slowdown The positive projection of paints and coatings firms on Myanmar's potential in 2016 has not been achieved due to the slowdown in liberalizing the country's construction industry. The month-long freeze on high rises in Yangon has also added to the problems. Myanmar's recent construction boom was mainly driven by the residential market, which constituted around 40% of construction activity in 2013. Construction activity slowly decreased in 20152016 although infrastructure will still drive the country's economy. Norway-based Jotun's unit Jotun Myanmar, which produces protective coatings, marine coatings and decorative coatings, aims to be the country's largest player in the paints and coatings market. However, domestic firm UPG remains as the top market player in Myanmar, employing around 600 people. Other competitors are emerging in the market, including Kansai Paint of Japan and TOA Paint of Thailand, with more international firms expected to enter the market. Myanmar's paint and coatings market is still on its early stage of development. Despite the challenges in the construction sector, opportunities are developing in other sectors, such as the marine sector. Myanmar Shipyard Dong A intends to build 30 ships and plans to significantly invest in infrastructure projects in the next years.
Original Source: APCJ, Asia Pacific Coatings Journal, Dec 2016-Jan 2017, 29 (6), 12,15 (Website: http://www. asiapacificcoatingsjournal.com/), Copyright dmg events 2016.
Growth in the pigments market and product launches The pigments market grew in 2016, although performance of some segments of the pigments was better compared to other segments. Asia Pacific posted somewhat low growth in domestic demand, but export driven coatings was still weak. The global iron oxide pigments market is increasing constantly, which primarily fuelled by the trend toward urbanization as well as the strong state of the construction sector in North America and Asia. It is anticipated that pigments volume growth in decorative coatings will post an above-average rate in emerging regions like India and China. Demand for Sun Chemical's Benda-Lutz MAXAL EC aluminium flake is robust in powder architectural coatings. Sun launched SunMICA Deep Black Pearlescent pigment in 2016, which is ideal for powder coatings applications to develop rich, deep and reflective charcoal effects. The company has also introduced Perrindo Red 179 for tinted clearcoats applications. BASF has inaugurated the new Lumina Royal Dragon Gold EH 0908, which is a highly chromatic green gold
March 2017
ON
POWDER
interference mica pigment that provides the strongest sparkle and highest lightness in styling for greens and golds. The company has also introduced two new quinacridone-based Cinquasia Magenta pigments, Cinquasia Uniflow Magenta EH 4555 and Uniflow Magenta EH 4505, intended for high-end industrial markets. Heubach has introduced a series of dry pigment preparations for lead replacement under the brand name HEUCOFITTM LR, including HEUCODUR 2550, which is a medium shade high strength Chromium rutile. In 2016, the Hoover Color division of Cathay Industries launched its "M'' class EnvironOxides, which are transparent iron oxides with dispersibility and costs similar to common coatings grade synthetic iron oxides and are manufactured from a sustainable raw material. Clariant has also introduced ED-Pigments, which help save energy and upgrade processes in paint manufacturing. Lanxess can now produce a novel generation of red iron oxide pigments with the highest chromaticity ever using its new and sustainable "Ningbo process''. The company's "New Red'' pigments of the proven Bayferrox range deliver very good color stability during milling. Cabot Corp's EMPEROR 1800 and EMPEROR 2000 specialty carbon blacks are formulated for water-based automotive basecoats and deep black masstone applications. The company's EMPEROR 1200 and EMPEROR 1600 premium carbon black pigments offer deep black color with a blue undertone, and provide excellent color performance and processability for solventbased applications. Lansco Colors is unveiling a range of pigments for plastics which feature a narrower particle size distribution. The company has also launched Lansco 1667 Opaque Orange 67, which is a very opaque, highly brilliant orange for coatings; Lansco 1319 Quinacridone Red Violet 19, which is an opaque, yellow shade red Pigment Violet 19; and Lansco 2538 Opaque Quinophthalone Yellow 138, which is a green shade yellow with good light and weatherfastness.
Original Source: Coatings World, Jan 2017, 22 (1), 35-36, 38 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2017.
Global metallic pigments market to reach $1.2 bn by 2023 Transparency Market Research (TMR) has forecast the global metallic pigments market to exhibit a CAGR of 6.4% between 2015 and 2023. The market stood at a valuation of $736.2 M and is projected to be worth $1.2 bn by end-2023. Among the various end users, the paints and coatings industry is expected to showcase the maximum contribution to the market's revenue. Regionally, Asia-Pacific held the dominant share of 30% in the global metallic pigment market in 2015. A majority of the demand witnessed in the global metallic pigment market will be witnessed in the emerging nations. Among the various nations, demonstrating opportunities for companies operating in the metallic pigments market, those witnessed in India, China and Southeast will be considerably lucrative. Besides Asia-Pacific, Europe also prove to be a profitable ground for the global metallic pigments market. The market witnessed a relatively faster rate of growth in
C OAT I N G S Europe due to stringent regulations implemented by the EU to curb VOC and particulate emissions. In North America, the market however continued exhibiting stable growth on account of the advanced technologies and established markets favoring the market's trajectory. In addition, the increasing opportunities in Latin America will also provide impetus to the market. Other developing nations such as Brazil also hold strong potential for the market's growth. It is thus evident that industrialization and urbanization witnessed across emerging nations have been a chief driver of the global metallic pigments market. On the downside, the growth witnessed in the Middle East and Africa was sluggish and is expected to remain so through the course of the forecast period. Silberline Manufacturing Co, Asahi Kasei Corporation, BASF AG, Carl Schlenk AG and ALTANA AG will emerge as the leading players.
Original Source: TMR, 2017. SpecialChem Coatings and Inks Formulation, 17 Jan 2017, (Website: http://www.specialchem4coatings. com), Copyright Transparency Market Research 2017.
Coating additives market expects to grow to $9.19 bn by 2021 A report by MarketsandMarkets, entitled "Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Powder Based), and Types - Global Trends & Forecasts to 2021'', forecasts that the global market size of coating additives will total $9.19 bn by 2021. It is anticipated that the market will post a CAGR of 6.1% throughout 2021. It is revealed that rheology modification function will lead the coating additives market during the forecast period. Among all the formulation types, the market is led by waterborne formulations. The market share of coating additives for solventborne system is declining due to rising environmental standards. Strict environmental standards are driving the move toward the powder-based and waterborne coating additives. However, the South American and Asia-Pacific regions are still significantly using solvent-borne system though its use has drastically decreased in North America and Europe. The major application of coating additives is architecture. The coating additives demand is fueled by the increasing residential and commercial construction in the Asia-Pacific region. The high-performance coating additives demand is driven by the expanding automotive sector in the South American and Asia-Pacific regions. A report by Grand View Research, entitled "Americas Coating Additives Market Analysis By Formulation, By Function, By Product, By End-Use And Segment Forecast To 2024'', reveals that the American coatings additives market size was more than $1.60 bn in 2015. It is anticipated that the new product and technologies innovation, such as the acrylicbased primers and powder-based formulations, will enter the customer base in the near future.
Original Source: Coatings World, Jan 2017, 22 (1), 40,42-43 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2017.
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