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Many of our readers will be attending the Asia Pacific Coatings Show September 3-5 in Jakarta, Indonesia. Professionals in- volved with the paint and coatings industry will tell you this
region is one of the most important growth areas for our industry. From
automobile production to shipbuilding, the Asia Pacific region is a huge
consumer of paints and coatings.
Asia Pacific Report
Contributing editor Dan Watson takes an in-depth look at this diverse and
dynamic region for our annual Asia Pacific Report (page 32). According to
Watson’s research, the Asia Pacific region is home to approximately 62 percent of the total global population ( 4. 4 billion). China and India account
for more than half of this region’s total population. India is projected to
pass China in population size in 15 years, becoming the world’s most populous country with approximately 1.5 billion people.
The Asia Pacific region represents the single largest growth opportunity
for the paint and coatings industry. In 2001 the region represented 27 percent of the global coating market compared to 33 percent for the Americas
and 36 percent for Europe. In 2010 the region represented 40 percent
of the coatings market while the Americas share declined to 26 percent
and Europe declined to 28 percent. This trend is expected to continue.
According to the article, depending on how you define the composition of
the region, the total Asia Pacific region coating market is estimated to be
valued at more than $62 billion with an annual growth rate estimated at
12-15 percent.
Marine Coatings
My article on the Marine Coatings Market (page 28) examines the latest
trends in this diverse market, which comprises not only antifoulings for
ships, but protective coatings for offshore structures such as oil rigs and
more. Geographic speaking the vast majority of demand for marine coatings is in the Asia Pacific region. Christian Ottosen, group marine marketing director for Hempel estimates that ninety percent of new building for
ships takes in Asia. “China and Korea have the highest market share, followed by Japan,” Ottosen added.
All Eyes on Asia Pacific
