public awareness about environmental sustainability issues changes their
consumption culture towards more
environmentally-friendly products. As a
result, market shifts away from solvent-based formulations, and sales of water-based adhesives or paints are growing
as they have a low environmental impact with lower VOC emission.
The rapid rate of urbanization in
Southeast Asia, as well as growing awareness about the importance of effective
sanitizers, in combination with growing
disposable income contributes to growth
in consumption in hygiene applications.
Hygiene applications are the second biggest end-use industry with a total volume
consumption of 26 percent, estimated to
increase by 4. 6 percent during the forecast period. The water treatment industry
will also witness a healthy growth rate
due to the economic growth in the region,
increasing the number of new power
plants and heavy industries.
Due to the importance of quats in
Southeast Asia, nitrogen-based biocides
are the leading category on a volume basis in the region. While isothiazolinones
lead the market by value, other important
chemicals include DBNPA, glutaralde-hyde, or peracetic acid.
In a market widely dominated by
multinationals, Dow Chemical continues
to be the leading supplier in the region.
However, the Southeast Asian supplier
market remains fairly fragmented with
leading suppliers varying from one application to another. For instance, Troy
and Clariant are the leading suppliers of
biocides in the metalworking fluids industry in Southeast Asia, while Lonza and
Celcure Chemicals dominate the biocides
market for wood preservation.
A variety of factors, such as economic
growth, increased awareness of health
and environment, or multinational supplier base along with imports from China
and Japan, among others, will drive the
biocides market in Southeast Asia. “As
Western markets growth potential dimin-ishes due to market maturity or regulatory
hurdles, the Southeast Asian region represents an attractive opportunity for biocides suppliers, notably in industrial and
water applications,” comments Nikola
Matic, Industry Manager, Chemicals &
Materials practice.
Global Nanocoatings
Market Expected To Reach
$8.17 Billion By 2020
The global nanocoatings market revenue
is expected to reach $8.17 billion by
2020, according to a new study by Grand
View Research, Inc.
Nanocoatings are extensively used
as a substitute to conventional polymer
coatings in applications including automobile, building and construction, and
medical and healthcare. Nanocoatings
demand is expected to increase due to
superior properties and lesser VOC emissions as compared to other commercially
used coatings in the market.
Medical and healthcare was the largest application market for nanocoatings,
with demand estimated at 43. 7 kilo tons
in 2013 owing to increased use of anti-fingerprint and anti-microbial coatings
for maintaining clean and hygienic environment in patient care facilities. The
segment is also expected to be the fastest growing application, at an estimated
CAGR of 22. 7 percent from 2014 to
2020. Nanocoatings are used in automotive applications in order to retain color
and gloss, with estimated demand of 39. 8
kilo tons in 2013.
Further key findings from the study
suggest:
• Global nanocoatings market volume
was 309.5 kilo tons in 2013 and is
expected to reach 1,262.9 kilo tons
by 2020, growing at a CAGR of
22. 3 percent from 2014 to 2020.
•Anti-microbial nanocoatings were
used widely in applications including medical & healthcare and
building & construction to avoid
infestation of disease spreading microbes. The segment demand was
estimated at 90. 9 kilo tons with revenue of $541.6 million in 2013 and
is expected to grow at a CAGR of
22. 9 percent from 2014 to 2020.
•Anti-fingerprint nanocoatings are
expected to be the fastest growing
product segment at an estimated
CAGR of 23.2 percent from 2014
to 2020. The segment is expected to
witness growth on account
of its usage in electronics
and automotive application.
•North America was the
dominant regional nanocoatings
market with an estimated demand
of 128.7 kilo tons in 2013. Increased
infrastructural spending in the current fiscal budget coupled with high
demand for automobiles and advanced healthcare facilities in the
region are expected to be major factors responsible for nanocoatings
market development.
• Product innovation plays a key role
as the fragmented nature of market results in companies developing
new products to gain competitive
advantage. The nanocoatings market is expected to gradually move
towards consolidation over the next
six years, with raw material supply
being a focal point which may trigger a trend of mergers, acquisitions
and strategic alliances.
Phosphorous-Based Flame
Retardant Market in China
Poised for Strong Growth
GCiS China Strategic Research estimates
that the domestic market of flame retardant chemical in China is valued at nearly
RMB 6. 8 Bn, or approximately $1.1 billion, as of the year end of 2014. The study
finds that the market will continue to
thrive in the next few years, but growth
rate varies greatly by product type.
China continues to play a prominent role in the global flame retardant
chemical market in terms of production, domestic consumption as well as
direct export and is expected to lead in
global market growth. Locally produced
phosphorous flame retardant chemical is gradually replacing previously
popular halogen-containing chemicals
in a broad range of applications, particularly in plastics and rubber segment.
Consumption of inorganic flame retardant is also on the rise. Both domestic
and overseas fire retardant standards
and environmental regulations are the
driving forces behind this trend; however weaker law enforcement and supervision in China may make the transition
