Coatings Market

8/3/2019 Coatings Market

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COATINGS


2/19

Global coatings market has recorded at 2% & 6% CAGR in value

& volume terms during 2005-09.

End user segment: Decorative segment has occupied more than

half in value & Volume terms.

Demand by formulation: Solvent base has occupied major share

(52%), but water based products are increasing its demand.

Asia is the largest and fastest growing market region in coatings.

In 2009, Top 10 companies has occupied 60% market share.


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-8

-6

-4

-2

0

2

4

6

8

70

75

80

85

90

95

2005 2006 2007 2008 2009

ro

th(

)

US$billion

Global Coatings Market ( in Value terms)

Value in sales Growth


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0

1

2

3

4

5

6

7

8

9

10

0

5

10

15

20

25

30

2005 2006 2007 2008 2009

r

t(

)

Billion

liters

Global Coatings Market (in volume terms)

Volume (bill ion l iters) Growth(%)


5/19

In 2009, global coatings market is valued at US$ 87 billion, whichhas shown negative growth 6% (YOY). It has recorded at 2% CAGR

during 2005-09.

In volume terms, it has recorded 26.5 billion liters, which has showndeclined growth at 2% (YOY). It has grown around 6% CAGR during

2005-09.


6/19

Source: Orr & Boss and Kusumgar, Nerlfi & Growney


7/19

Source: Orr & Boss and Kusumgar, Nerlfi & Growney


8/19

GI

44%

M&P

18%

Refinish

18%

Auto (OEM)

9%

Packing

6%

Aero

5%

Global Coatings By Mix-2009


9/19

Source: Barclays, Freedonia


10/19

Solvent base has recorded major share (52%) , but losing its demand when

compared to 2002.Water base has occupied 41% of share, but it has gained demand or acceptance

in the market when compare to 2002. Major share of solvent base market is eatenby water base.Even powder and Rad-cure gained demand at 5% and 2% respectively.


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Architechtural

49%

Industrial

24%

PMC12%

Automotive

7%

Refinish

5%

Packaging

2%Aerospace

1%

Asia Pacific Segmentwise Coatings Consumption-2009


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North

America

24%

Europe

30%

Asiapacific

35%

Others

11%

Regionwise Demand (Vol. ) for Global Coating Market-

2009


13/19

Asia is the largest and fastest growing coatings region

Europe occupies second place in region market.

North America has seen decrease in market share to 24% in 2009, when

compared 10 years.


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Overall Economic Activity The major driver of coatings demand.

Gross Domestic Product (GDP) Total value of goods and services produced

over a period of time. GDP impacts nearly all coatings demand.

Construction Market Primary driver of decorative coatings. Closely related

to GDP.

Construction activity drives deco, Industrial Maintenance, OEM coatings.

Housing Activity This includes new home sales as well resale.

Impacts deco, wood, coil, powder & general industrial coatings.

Vehicle Builds -- Impacts liquid OEM, powder and even refinish coatings.

General Industrial Production A function of the health of industrial

manufacturing sector. Influenced by regional economy. Drives demand for OEM

coatings


15/19

Technical Advancement in Volatile Organic Compounds(VOC) ReductionNew technology for nanoscale materials

Energy MinimizationIntegrated systems (reduce carbon footprint)Low energy cure systems

oUV and electron beam New chemical approachesApplication improvements

oone & two coat bell applicationRenewable and Re-cyclable Resources

Bio-based material (renewable feed stock)Bio-degradable

Use of microbes, bacteria, enzymes as catalysts


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-25

-20

-15

-10

-5

0

5

10

0

2000

4000

6000

8000

10000

12000

14000

16000

Growth(%)

US$million

Global Coatiings Companies Sales-2009 Vs 2008

2008 2009 Growth(%)


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0%

10%

20%

30%

40%

50%

60%

1991 1995 2000 2006 2008 2009

29%

32%

37%

44%

50%

60%

%(Marketshare)

Market Share of Top 10 Coatings Companies-2008


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13%

10%

9%

6%

3%

3%

3%

3%

2%

2%

0% 2% 4% 6% 8% 10% 12% 14%

Akzo Nobel/ICI

PPG/SigmaKalon

Henkel

Sherwin-Williams

Dupont

RPM

BASF

Valspar

Kansai

Nippon

% (Market share)

Global Coatings Companies Market share-2009


19/19

New Products-2010Sno Products Launched

1 Sherwin-Williams has launched Polysiloxane 1K, a single-component polysiloxane finish coatthat provides superior weathering and chemical resistance compared to typical polyurethanes.

2 Tnemec Company Inc., has introduced ultra-low VOC versions of its fluoropolymer coatingtechnology

3 AkzoNobel Powder Coatings Launches Interpon A Range4 PPG Commercial Coatings has launched the Aquacron water-based product platform for light

industrial applicationsSource: Coatings World

Documents

Coatings Market