KN&G study says U.S. paint and coatings
market worth $23 billion in 2011
According to a new study by the consulting firm Kusumgar, Nerlfi &
Growney, in 2011 U.S. consumption of
coatings is projected to be 1.4 billion
gallons, containing 7. 8 billion pounds of
solids, worth $23 billion.
The industry saw its peak consumption
in 2006 and has only partially recovered
from the lows of the 2008-2009 recession.
In 2011 coating solids remain down 18
percent from the 2006 peak. A 1.5 percent
annual rate of increase is forecast for coating solids through 2016.
Coating consumption in dollars is only
three percent lower compared to 2006 because of the sharp rise in prices during
2010-2011. Coating raw material price
escalation has only partially been passed
along by the coating producer and margins have come under pressure.
Architectural coatings are the largest
segment with some 3. 9 billion pounds of
solids worth $9.1 billion expected to be
consumed in 2011. New house production remains at extremely depressed levels
and home sales have yet to recover to
hoped for levels.
Coating demand from original equipment manufacturers (OEM) in 2011 is
projected at 1.98 billion pounds of solids
valued at nearly $8 billion. OEM coatings
have rebounded strongly since the recession but many end uses are still down significantly from 2006. Special purpose
coating consumption in 2011 is expected
to be 1.95 billion pounds of solids with a
sales value of $6 billion. Roofing, industrial maintenance, and traffic paint are the
large volume outlets. The decline in commercial construction and reduced spending by state and local governments is a
drag on consumption.
The above information is contained in
Kusumgar, Nerlfi & Growney’s new study,
“The U.S. Paint & Coatings Industry, 2011-
2016,” which is available through subscription. Interested parties are invited to
contact the company by calling 201-773-
0785 or by e-mail at nerlfikng@cs.com.
Further information can be obtained at
www.kusumgar-nerlfi-growney.com.
Study says EU alkyd resins
market slowing down
According to a new BAC report recently
published by MarketPublishers.com, demand for acrylic resins in the European
Union (EU) is trending downward. In 2010,
the demand amounted to 471,800 tons.
Within the 2006-2010 period, alkyd resins
consumption decreased by 30 percent. The
decline is caused by the economic challenges of the last few years and the decline
in demand for acrylic coatings in favor of
more environmentally friendly materials.
EU producers are working mainly to
cover the domestic market, while export
supplies share 7-10 percent in total output. Therefore, a decrease in demand domestically leads to a decline in domestic
production.
Germany covers 37 percent of EU production and consumption of alkyd resins.
In 2010, Germany produced 190,000 tons
of alkyd resins and provided 45,000 tons
for export. The other significant Western
European manufacturing facilities are
concentrated in Italy and France.
Alkyd resin is a complex oil-modified
polyester that is included as the film-form-ing agent in some paints and clear coatings.
Alkyd resin products are used in a wide
range of paint products with applications
in decorative, maintenance, and contractor
paints where excellent gloss and good durability are required. Alkyd coatings still remain the leaders of the EU coatings market.
The report, “Alkyd Resins: European
Union Market Outlook 2011 and Forecast till 2016,” was prepared by BAC and
recently published by The Market Publishers Ltd. For additional information,
visit http://marketpublishers.com.
New study anylyzes world
market for nanocoatings
The general coating industry has declined
but specialized coating surface engineering
sectors are witnessing strong growth
driven by the needs of high-end industries,
such as oil and gas and electronics, according to a new report released by Future
Markets Inc., an advanced technology
consultancy with a focus on the development and commercialization of nanoma-terials and nanotechnology.
The firm says nanocoatings are opening up new market opportunities in the
global coatings arena. Properties such as
anti-microbialism, thermal insulation, dirt
and water repellency, hardness, corrosion
resistance, flame retardancy, UV stability,
anti-graffiti, self-cleaning, moisture absorbing, gloss retention and chemical and
mechanical properties are improved significantly using nanostructured materials.
Global revenues for nanocoatings in
2011 were estimated to be $1559 million
the report said.
Despite the market being affected by the
global economic recession, product innovation and the need to meet stringent environmental regulations is driving market
demand across a wider range of markets.
Global revenues for nanocoatings in
2017 are estimated to be $7,821 million,
a CAGR of 27. 25 percent. Conservative
estimates put the 2017 market at
$4371.2 million.
The market for nanocoatings will grow
across all sectors over the next five to 10
years, with the medical, electronics and
displays (especially smart phones), interior
and exterior household coatings and food
processing markets all experiencing significant growth, driven by the need for improved sanitary facilities and also pushed
by the vast improvements nanocoatings
offer, from both a protective and destructive perspective. The military market will
remain the largest market with anti-cor-rosion coatings increasingly applied. Anticorrosion coatings and super hardness
will also drive revenues in the oil and gas
industry, for protective surfaces in
pipelines and harsh environments and on
drilling equipment. CW
