to evolve to meet the challenges of regulations, growing consumer demands,
increased emphasis on sustainable products, globalization, cost pressures, etc.
The recent sharp drop in oil prices could
force coating prices lower if continued.
Architectural coatings are projected to
capture just over one-half of the pounds
in 2015. Volume is still somewhat below
the peak level of 2006 but has grown
modestly in recent years. Pricing is up as
material costs have increased and products have become more sophisticated.
Original equipment manufacturer
(OEM) coatings are forecast to take
one-quarter of the volume in 2015.
OEM coating growth varies among the
end uses with automotive and aerospace
growing strongly in recent years. Special
purpose coatings are expected to be 24
percent of the 2015 volume. Industrial
maintenance and specialty roof coatings
are end uses which have grown with the
economic recovery and increased construction spending.
Water-based technology is forecast
to be 58 percent of the volume in 2015,
up from a 48 percent share in 1996.
Architectural paints are 71 percent of
the WB pounds and industrial coatings,
which includes both OEM and special
purpose, represent 29 percent. Solvent-based technology is projected to capture 30 percent of the 2015 pounds
which is down from a 42 percent share
in 1996. Just over 70 percent of the solvent-based coating in 2015 will be used
in industrial applications.
Powder, radcure and other 100 percent solids technologies are nearly exclusively confined to the industrial coatings
segment. They are projected to garner 11
percent of the coating pounds in 2015.
These technologies represent roughly 40
percent of the OEM volume and 5 perce
nt of special purpose coatings. Powder
has grown from 14 percent of the OEM
coating volume in 1996 to just over a 20
percent share in 2015.
“The U.S. Paint & Coatings Industry,
2015-2020” will be published in 2016
and 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.
Study on World Demand
for Decorative Laminates
Global demand for decorative laminates
is expected to rise 5. 6 percent per
year to 10. 7 billion square meters in
2018, valued at $40.8 billion. Demand
will benefit from expected increases
in the manufacture of products such
as cabinets, ready-to-assemble (RTA)
furniture, and flooring, which are
often made from engineered wood and
laminated. Gains will also be driven
by increased market penetration at the
expense of other surfacing materials
(wood veneer and paint) due to cost and
performance benefits. Furniture and
cabinets were the largest markets for
decorative laminates in 2013, accounting
for nearly 70 percent of total demand.
These and other trends are presented
in “World Decorative Laminates,” a
new study from The Freedonia Group,
Inc., a Cleveland-based industry market
research firm.
The Asia/Pacific region was the largest
market for decorative laminates in 2013,
with nearly 50 percent of the global to-tal. Analyst Pam Safarek notes that, “the
region benefits from its leading position
in engineered wood production, particularly particleboard and medium density
fiberboard (MDF), which are often given
a laminate layer at the point of produc-tion.” Advances for laminates will be
propelled by the continuing development of the large Chinese market, which
alone accounted for 31 percent of global
demand in 2013. China is the world’s
largest producer of RTA furniture and
laminate flooring. Manufacturing capacity for laminated boards continues
to expand in China. India is expected
to post the most rapid gains in laminate
demand worldwide through 2018. The
country continues to rapidly develop its
manufacturing sector, including cabinets
and RTA furniture, and to increase its
capacity to produce particleboard and
MDF as a way to more efficiently use local wood resources.
Well-established decorative laminate
industries are found in Western Europe
and the U.S., where engineered wood and
paper industries are highly developed.
Despite an ongoing shift in production
of many laminated engineered
wood products toward China,
India, and other developing ar-
eas, demand for laminates in
Western Europe is still significant, as the
region maintains large RTA furniture and
laminate flooring industries. Germany,
France, and Sweden are regional leaders
in the production of RTA furniture. The
U.S. also maintains significant production
capacity for RTA furniture, cabinets, and
laminate flooring.
Smart Coatings Market to
Reach $5.8 Billion by 2020
NanoMarkets has announced the release
of a new report titled, “Smart Coatings
Markets 2015-2022,” a report that continues the firm’s coverage of the smart
coatings market dating back to 2010.
The report shows that the smart coatings
market will grow from around $610 million in 2015 to $5.8 billion in 2020.
The report analyzes the markets for
smart coatings in key sectors of the
economy including construction, energy, automotive, healthcare, consumer
electronics, textiles and the military.
Coverage includes relatively mature
smart coatings (e.g., self-cleaning coatings), along with latest materials such as
smart multi-layer coatings.
The report also provides detailed
eight-year forecasts in both volume and
value terms and for each end-user sector
and includes separate forecasts for all the
main classes of smart coatings as well as
for the underlying oxides, polymers, etc.,
from which they are fabricated.
Firms addressed in the report include:
3M, AK Coatings, AkzoNobel, Axalta,
BASF, Clariant, Corning, Debiotech, Dow
Chemical, Dow Corning, DSM, Dunmore,
Duco, DuPont, GE, Gentex, Hempel,
Hypho Technology, Industrial Nanotech,
IngeniaTouch, Jotun, Lonza Industrial
Solutions, Lubrizol, Nanovations, Nano
Lab, nGimat, NSG, P2i, Pilkington,
Pleotint, PPG, Research Frontiers, Ross
Technology, Sage Electrochromics, Saint-Gobain, SeePoint Technology, Seagate,
Senseg, Silco Tek, Sherwin-Williams,
Specialty Coating Systems, SRI, Svaya,
SWITCH Materials, Tesla Nanocoatings,
Toyota and Valspar. CW
