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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
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8 6
90
4
Growth (%)
US$ billion
85
0
80
-2 -4
-6
75
-8
30 25 20
Billion liters
10 9
8
7
Growth (%)
6 5 4
3
2 1 0
In 2009, global coatings market is valued at US$ 87 billion, which has 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 shown declined growth at 2% (YOY). It has grown around 6% CAGR during 2005-09.
Packing 6%
Aero 5% GI 44%
Refinish 18%
M&P 18%
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 eaten
by water base. Even powder and Rad-cure gained demand at 5% and 2% respectively.
Refinish Packaging 2% 5%
Aerospace 1%
Architechtural 49%
Industrial 24%
compared 10 years.
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
Technical Advancement in Volatile Organic Compounds(VOC) Reduction New technology for nanoscale materials Energy Minimization
16000
10
5 0 -5
Growth (%)
US$ million
60%
50%
50%
%(Market share)
44%
37% 32%
1991
1995
2000
2006
2008
2009
10%
9% 6%
Henkel
Sherwin-Williams
Dupont
RPM BASF
3%
3% 3%
Valspar
Kansai Nippon 0% 2%
3%
2%
2% 4% 6% 8% % (Market share) 10% 12% 14%
Products Launched
Sherwin-Williams has launched Polysiloxane 1K, a single-component polysiloxane finish coat that provides superior weathering and chemical resistance compared to typical polyurethanes.
Tnemec Company Inc., has introduced ultra-low VOC versions of its fluoropolymer coating technology AkzoNobel Powder Coatings Launches Interpon A Range PPG Commercial Coatings has launched the Aquacron water-based product platform for light industrial applications
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