of applications, is of particular importance for this formulation. End-users of
automotive refinishes have increasingly
adopted waterborne coatings due to their
improved color matching capabilities and
faster drying times than their solvent-based counterparts.
Water-based coatings are also gaining a foothold in protective marine coatings as several worldwide treaties and US
regulations have put stringent limits on
harmful emissions produced by marine
coatings. Waterborne coatings provide
good adhesion to the market’s primary
substrate -- metal -- and offer solid resistance to weather, chemicals, and other
harsh conditions in which all varieties of
watercraft are exposed.
Pipe Coating Market
Projected to Reach 11. 63
Billion by 2020
Research and Markets has announced
the addition of the Pipe Coating
Market - Global Forecasts to 2020 report to its offering.
The market size of pipe coatings,
in terms of value, is projected to reach
$11.63 billion by 2020, registering a
CAGR of 4. 5 percent between 2015
and 2020. The increasing infrastructure
development activities in Asia-Pacific,
rise in shale gas developments in North
America, and continuous new product
launches and joint ventures and collaborations undertaken by different companies are the key factors for the growth of
the global pipe coatings market.
Industrial and chemical processing
are the largest end-use industries of
pipe coatings. As pipe coatings are characterized by flexibility, toughness, and
high abrasion resistance, they protect
the pipes from corrosion and increase
their durability. The industrial segment
is another fastest-growing end-use industry of pipe coatings for civil infrastructure, energy, sewage, and mining
industries, globally.
North America is the largest market
for pipe coatings due to the presence of
numerous key companies in the region
and growth in demand due to increase
in pipeline construction activities in the
region. Abundance of shale oil and gas
reserves in the country, upsurge in pro-
duction from shale operations, and deep-
water E&P in the Gulf of Mexico are
some of the major factors influencing the
pipe coatings demand in the region. The
superior mechanical and anti-corrosion
properties, low conductivity, and longer
shelf-life have increased the demand of
pipe coatings for general purpose as well
as in specialty end-use industries.
Copper-Based Biocides to
Grow 8. 8 Percent Annually
Through 2020
Demand for biocidal copper-based compounds is expected to rise 8. 8 percent
annually to $610 million in 2020, faster
than the overall gains for other metal-based biocides. The wood preservation market is the dominant outlet for
copper-based compounds, expanding as
a result of the continued growth in construction activity, which in turn will promote higher demand for treated wood
products. Growth will be additionally
spurred by new rules regarding the use
of biocides for ground-contact treated
wood, requiring higher levels of preservatives overall. Although growth is
expected to be significantly faster than
during the 2005 to 2015 period, further
advances will be limited by competition
from non-copper-based preservatives
like borates. These and other trends are
presented in Biocides Markets in the
U.S., 12th Edition, a new study from The
Freedonia Group.
As the wood preservation market accounts for nearly all of the demand for
copper-based biocide compounds, trends
in wood protection are the primary factors that influence product mix among
copper compounds.
According to analyst Dan Debelius,
“Until 2004, CCA accounted for the
vast majority of copper compounds
used in wood preservation. However,
consumer concerns pushed the wood
treatment industry to withdraw it from
residential applications.”
ACQ became the most popular sub-
stitute for CCA immediately following
the voluntary withdrawal. However,
demand for copper azole quickly sur-
passed that for ACQ and now dominates
the wood preservation mar-
ket due to its availability in
a micronizable formulation.
Despite the scrutiny, CCA has
maintained an appreciable share of the
nonresidential market and is expected
to experience moderate growth through
the forecast period.
Optical Coatings Global
Market Seeing Solid
Growth, Reports BCC
Research
New applications and innovative coatings to improve existing applications are
key drivers in the optical coatings global
market. BCC Research anticipates in its
new report that the global value for coatings in the commercial segment should
increase along at a five-year compound
annual growth of 11. 5 percent, as compared with a projected 3.2 percent CAGR
in the consumer segment.
Optical coatings are one or more layers of thin film applied on the surface of
an optical component. These layers of
film create interference to the incoming
light and hence alter the reflection and
transmission properties of the optical
system. Typically value-added materials,
coatings improve the property of the optical system, but do not alter the intrinsic
properties of the end-use products.
The global market for optical coatings is expected to reach $14.2 billion
in 2021, up from $9.5 billion in 2016,
rising at a five-year compound annual
growth rate (CAGR) of 8. 3 percent. The
commercial segment, the largest market,
should grow from $5.4 billion in 2016
to $9.4 billion in 2021, demonstrating
a five-year CAGR of 11. 5 percent. The
consumer segment is expected to reach
$4.1 billion and $4.8 billion in 2016
and 2021, respectively, with a five-year
CAGR of 3.2 percent.
According to the report, the commercial category includes the telecom,
defense, architecture, medical, solar,
transportation and industrial segments.
This segment’s strong growth reflects a
recovering construction industry in the
Americas and healthy growth rates in
lighting and machine vision applications,
and automotive sensors. CW
