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Rising raw material costs pushing paint prices upwards
FOCUS hydrocarbon resins are used as raw materials essential in for example hot-melt and pressure sensitive adhesives. European Coatings Newsletter, 9 Aug 2010
NEW PRODUCTS DSM expands its product portfolio with a polyester for an epoxy-free alternative for hybrid powder coatings DSM Powder Coating Resins expands its portfolio of polyester resins for epoxy-free coatings with a new resin in its Uralac® Veranda™ polyester resins range. Uralac® Veranda(tm) is based on a patented technology and it meets a pressing demand for epoxy-free alternatives to hybrid powder coatings. The new Uralac® Veranda™ P 542 features excellent flow in highly filled coatings and improved processing properties. The product, furthermore, is HAA curable and designed for coating systems that can replace epoxy hybrid systems with an equal or better performing system. Uralac® Veranda™ products provide excellent chemical and staining resistance, good boiling water resistance, as well as improved outdoor durability with reduced yellowing. Uralac® Veranda™ P 542 samples are globally available from mid Aug 2010. Patrick Niels, Business Unit Director DSM Powder Coating Resins comments: “We specifically developed Uralac® Veranda(tm) to respond to the growing market demand for epoxy-free coating systems. Uralac® Veranda™ stands for excellent product properties that match or even outperform existing hybrid powder coating resin systems for indoor applications, in combination with attractive system costs. The Uralac® Veranda™ P 542 can SEPTEMBER 2010
ON
POWDER
improve the binder-price stability over hybrid systems for our customers”. DSM Powder Coating Resins is an innovative, global leader, committed to the design and manufacture of superior powder coating resins for the global powder coatings industry. DSM’s Powder Coating Resins products enhance the effectiveness of powder coating technology thanks to a winning combination of features: ecologically sound, cost effective, energy efficient, high performance products. Press release from: Zwolle, Ceintuurbaan 5, 8022 AW Zwolle P.O. Box 615, 8000 AP Zwolle, The Netherlands, tel +31 (0) 38 456 95 69, fax +31 (0) 38 456 95 0013, website: http://www.dsmpowdercoatingresins.com, e-mail: [email protected] (Aug 2010)
BASF Indonesia’s friendly coatings BASF Indonesia has unveiled at a seminar in Jakarta, Indonesia, a range of innovative environmentally friendly products including Acronal ECO, Xfast BK 0095, and Paliotan Yelloy. The low-VOC Acronal ECO is a lowodour dispersion that does not contain APEO, thus allowing a newly painted room to be reoccupied in an hour after painting. Xfast BK 0095, a heatreflective black pigment, lessens the energy use on air conditioning as it helps buildings stay cooler than traditional paint. Paliotan Yellow, a zero-lead pigment paint, is claimed not to pose risk to human health. PPCJ, Polymers, Paint, Colour Journal, Jul 2010, 200 (4550), 8
MARKETS Rising raw material costs pushing paint prices upwards Owing to the rise in raw material prices, particularly crude oil derivative, the paint companies intend to increase the prices of paint. Effective from 1 Jul 2010, Asian Paints has already hiked
C OAT I N G S its product prices by 3%. Earlier in May 2010, Asian Paints had raised the prices by 4%. Shalimar Paints will increase its prices by mid Jul 2010 on account of the enhanced freight rates in addition to increase in raw material prices. AkzoNobel India has enhanced its prices from between 2.5% to 3% with effect from 1 Jul 2010. According to the General Manager of Jotun India, about 30-35% of the paint industry’s raw material being crude based oil, and 20% of the industry’s raw material being titanium dioxide, the raw material price rise should not be attributed solely to crude oil. In the past couple of months titanium dioxide prices have jumped from $2200-2300/tonne to over $2700/tonne. Apart from these raw materials, the paint industry makes use of mineral turpentine, pentaerythritol and phthalic anhydride. Shalimar Paints maintains that the price hike in May 2010 was mainly because of the increase in excise duty from 8% to 10%, and also due to freight increase. In 1H 2010, raw material prices have increased by 8% to 10%. Chemical Weekly, 13 Jul 2010, 138 (Website: http://www.chemicalweekly.com)
Great leap forward for AkzoNobel in China AkzoNobel continues to see China as a promising market for growth. In 2009 it made sales of €1.04 bn in the country, and is aiming to double that figure to $3 bn by 2015. This would make China one of the group’s largest markets alongside the US/Canada (where it makes €2.98 bn sales). With a turnover of €6.3 bn, Europe will remain AkzoNobel’s major market. In 2006 AkzoNobel’s turnover in China was just €636 M but in 2007 it acquired UK company Imperial Chemicals Industries (which made sales of GBP 100 M in China). AkzoNobel’s position in China is now very solid. At the height of the economic crisis in 2009 its sales in the country fell 5
NEW PRODUCTS DSM expands its product portfolio with a polyester for an epoxy-free alternative for hybrid powder coatings DSM Powder Coating Resins expands its portfolio of polyester resins for epoxy-free coatings with a new resin in its Uralac® Veranda™ polyester resins range. Uralac® Veranda(tm) is based on a patented technology and it meets a pressing demand for epoxy-free alternatives to hybrid powder coatings. The new Uralac® Veranda™ P 542 features excellent flow in highly filled coatings and improved processing properties. The product, furthermore, is HAA curable and designed for coating systems that can replace epoxy hybrid systems with an equal or better performing system. Uralac® Veranda™ products provide excellent chemical and staining resistance, good boiling water resistance, as well as improved outdoor durability with reduced yellowing. Uralac® Veranda™ P 542 samples are globally available from mid Aug 2010. Patrick Niels, Business Unit Director DSM Powder Coating Resins comments: “We specifically developed Uralac® Veranda(tm) to respond to the growing market demand for epoxy-free coating systems. Uralac® Veranda™ stands for excellent product properties that match or even outperform existing hybrid powder coating resin systems for indoor applications, in combination with attractive system costs. The Uralac® Veranda™ P 542 can SEPTEMBER 2010
ON
POWDER
improve the binder-price stability over hybrid systems for our customers”. DSM Powder Coating Resins is an innovative, global leader, committed to the design and manufacture of superior powder coating resins for the global powder coatings industry. DSM’s Powder Coating Resins products enhance the effectiveness of powder coating technology thanks to a winning combination of features: ecologically sound, cost effective, energy efficient, high performance products. Press release from: Zwolle, Ceintuurbaan 5, 8022 AW Zwolle P.O. Box 615, 8000 AP Zwolle, The Netherlands, tel +31 (0) 38 456 95 69, fax +31 (0) 38 456 95 0013, website: http://www.dsmpowdercoatingresins.com, e-mail: [email protected] (Aug 2010)
BASF Indonesia’s friendly coatings BASF Indonesia has unveiled at a seminar in Jakarta, Indonesia, a range of innovative environmentally friendly products including Acronal ECO, Xfast BK 0095, and Paliotan Yelloy. The low-VOC Acronal ECO is a lowodour dispersion that does not contain APEO, thus allowing a newly painted room to be reoccupied in an hour after painting. Xfast BK 0095, a heatreflective black pigment, lessens the energy use on air conditioning as it helps buildings stay cooler than traditional paint. Paliotan Yellow, a zero-lead pigment paint, is claimed not to pose risk to human health. PPCJ, Polymers, Paint, Colour Journal, Jul 2010, 200 (4550), 8
MARKETS Rising raw material costs pushing paint prices upwards Owing to the rise in raw material prices, particularly crude oil derivative, the paint companies intend to increase the prices of paint. Effective from 1 Jul 2010, Asian Paints has already hiked
C OAT I N G S its product prices by 3%. Earlier in May 2010, Asian Paints had raised the prices by 4%. Shalimar Paints will increase its prices by mid Jul 2010 on account of the enhanced freight rates in addition to increase in raw material prices. AkzoNobel India has enhanced its prices from between 2.5% to 3% with effect from 1 Jul 2010. According to the General Manager of Jotun India, about 30-35% of the paint industry’s raw material being crude based oil, and 20% of the industry’s raw material being titanium dioxide, the raw material price rise should not be attributed solely to crude oil. In the past couple of months titanium dioxide prices have jumped from $2200-2300/tonne to over $2700/tonne. Apart from these raw materials, the paint industry makes use of mineral turpentine, pentaerythritol and phthalic anhydride. Shalimar Paints maintains that the price hike in May 2010 was mainly because of the increase in excise duty from 8% to 10%, and also due to freight increase. In 1H 2010, raw material prices have increased by 8% to 10%. Chemical Weekly, 13 Jul 2010, 138 (Website: http://www.chemicalweekly.com)
Great leap forward for AkzoNobel in China AkzoNobel continues to see China as a promising market for growth. In 2009 it made sales of €1.04 bn in the country, and is aiming to double that figure to $3 bn by 2015. This would make China one of the group’s largest markets alongside the US/Canada (where it makes €2.98 bn sales). With a turnover of €6.3 bn, Europe will remain AkzoNobel’s major market. In 2006 AkzoNobel’s turnover in China was just €636 M but in 2007 it acquired UK company Imperial Chemicals Industries (which made sales of GBP 100 M in China). AkzoNobel’s position in China is now very solid. At the height of the economic crisis in 2009 its sales in the country fell 5