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COATINGS
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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$billion
Global Coatings Market ( in Value terms)
Value in sales Growth
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0
1
2
3
4
5
6
7
8
9
10
0
5
10
15
20
25
30
2005 2006 2007 2008 2009
r
t(
)
Billion
liters
Global Coatings Market (in volume terms)
Volume (bill ion l iters) Growth(%)
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In 2009, global coatings market is valued at US$ 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.
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Source: Orr & Boss and Kusumgar, Nerlfi & Growney
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Source: Orr & Boss and Kusumgar, Nerlfi & Growney
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GI
44%
M&P
18%
Refinish
18%
Auto (OEM)
9%
Packing
6%
Aero
5%
Global Coatings By Mix-2009
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Source: Barclays, Freedonia
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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
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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
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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
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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