Coatings World - June 2014

FEATURE
This highly segmented market is experiencing growth in a number of diverse areas,
including offshore, oil and gas and wind generation.

The

Industrial Coatings

Market

Kerry Pianoforte, Editor

The industrial coatings market is comprised of a number of diverse segments, such as offshore oil and gas, com- mercial architecture, general industrial and industrial maintenance. According to Chemark Consulting, industrial coatings comprised 35. 41 percent of total coatings consumption globally for 2013.

Industrial coatings manufacturers are reporting that oil and gas and general maintenance segments are key areas with the most growth potential.

Looking across all protective segments, Klaus Møller, group
VP, group protective marketing for Hempel said the market
for industrial coatings grew by two to three percent in 2013.
“There is a surge in upstream O&G possibilities with high off-
shore construction activity and growing needs in the unconven-
tional arena,” he added. “Civil structures grow in all developing
markets and so does power generation needs, resulting in good
growth rates globally in these segments.”
Anders Voldsgaard Clausen, group segment marketing man-
ager at Hempel said there was stable growth rates of five to
eight percent per year in the power generation segment. He said
the most opportunity in terms of growth was in coal, gas and
wind in China, coal in India and wind and gas in Europe/Russia
and Americas.

China is an important region for industrial coatings. AkzoNobel recently completed the expansion of its industrial coatings site in Songjiang near Shanghai in China, doubling annual production capacity and creating the company’s biggest plant for packaging coatings in the world. Work started in 2012, when approximately € 14 million was invested in the facility to add production lines for packaging coatings and epoxy and polyester resins. Now the largest site of its kind in the region, Songjiang will serve growing consumer demand from a number of key markets.