IRl Releases Profile of
the Mexican Paint Industry
IRL has released the first edition of “A
Profile of the Mexican Paint Industry.”
According to the report, Mexico’s paints
and coatings sector was valued at $2,100
million in 2011. The elections taking place
in July 2012 momentarily slowed down the
pace of growth in the economy and had
a negative effect on consumer confidence.
Prior to that the sector was enjoying a period of rapid expansion with Mexico’s GDP
growth rate outperforming that of Brazil in
2011 and poised to surpass it once again
in 2012.
The study examines nine mainstream
coatings segments independently. It includes market data for 2011 and five year
market forecasts to 2016 for each of these,
with further anticipated figures for 2012.
Market dynamics and trends for each coating type are provided with an indication of
market splits by technology and/or chemistry where possible.
This report will serve as a valuable tool
to strategic planners, business analysts
and marketing managers involved in the
manufacture, distribution and marketing of
paints and coatings and their raw materials,
according to IRL
U.S. Demand for Solvents
to Reach 10. 9 billion
Pounds in 2016
U.S. solvents demand will continue to rebound from its recessionary lows, rising
1.5% per year in volume terms through 2016
to 10. 9 billion pounds. A strong rebound
in construction activity will drive strong
increases in solvent demand in the construction and paints and coatings markets.
Above average growth in consumer oriented
markets such as cleaning products and cosmetics and toiletries will stimulate demand
for “green” solvents, particularly butanediol
derivatives, terpenes and alcohols.
These and other trends are presented in “Solvents,” a new study from The
Freedonia Group, Inc., a Cleveland-based
industry market research firm.
Demand growth for green solvents will
significantly outpace that for conventional
types, rising nearly four times faster than
conventional solvents. The rising use of
green solvents will reflect increasing consumer demand for environmentally friendly
products. Government regulations are also
driving the shift, both at the state and federal levels. In particular, the need to meet
VOC regulations has benefited demand
for glycol solvents in the paints and coatings. Chemical processors looking to comply with VOC regulations are increasingly
turning toward butanediol and its derivatives to lower VOC content while continuing to use solvents. While complying with
local, state and federal regulations, the
construction market has been increasingly
turning towards alcohols and ketones like
MEK for solvent uses.
Frost and Sullivan Reports
on the Decorative Coatings
Market in Kenya and
Tanzania
The mushrooming of housing complexes,
office buildings and shopping malls in
Kenya and Tanzania has escalated the need
for decorative paint and coatings in these
countries, according to new study from
Frost and Sullivan. The new study, “Supply
and Demand Analysis of the Decorative
Paint and Coatings Market in Kenya and
Tanzania” reports that as a result of rapid
urbanization, the domestic construction
industry will soon begin competing in the
global arena, creating significant demand
for better quality decorative paints.
New analysis from Frost and Sulllivan’s
“Supply and Demand Analysis of the
Decorative Paint and Coatings Market in
Kenya and Tanzania,” finds that the market earned revenues of more than $123.3
million in 2011 and estimates this to reach
$188.5 million by 2018.
As part of the plan to make Kenya
a middle-income country by 2030, the
Government approved the National
Construction Authority Bill to initiate
new construction projects and improve
the quality of existing infrastructure.
Meanwhile, the Tanzanian government’s
strategic plan over 2012-2017 includes the
expansion of housing units.
“Such proactive government policies will
encourage middle-income housing and in
turn, the adoption of higher quality paints
that are easy to apply and maintain,” said
Frost and Sullivan’s chemicals materials and
food research analyst, Bhavisha Jaga.
Economic growth in neighboring countries will further compel manufacturers with
export market share to increase production
capacity. However, fluctuations in the exchange rate cause instability in the Kenyan
and Tanzanian paint and coatings market.
Exchange rate volatility assumes higher
significance in these markets since 60%-
90% of the raw materials are imported
from the European Union and Asia. Sale
volumes decreased due to the depreciation
of the Kenyan shilling by 13.5% in 2010 to
2011 and the steep oil and titanium prices
(which account for 60% of the total production cost) passed onto the consumer.
High domestic inflation in Kenya and
Tanzania has also raised manufacturing
costs substantially, with consignment delays further holding up manufacturing.
“To evade fluctuations and inflation,
manufacturers can place orders for raw
materials in advance at a particular price,”
said Jaga. “In addition, expanding the sup-
plier base will reduce the lead time taken in
receiving raw materials.”
“Supply and Demand Analysis of
the Decorative Paint and Coatings
Market in Kenya and Tanzania” is part
of the Chemicals and Materials Growth
Partnership Services program, which also
includes research in the following mar-
kets: Southern African Market for Green
Materials in Construction and South Africa
Automotive Refinish Chemicals.
Global Oleochemicals
Market to Grow at 6% from
2013-18
According to a new market report published
