Beautiful inside and out - Architectural and decorative coatings in Asia Pacifi c - PRIMARY JOURNAL FOR THE COATINGS MARKET IN ASIA & THE PACIFIC ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
PRIMARY JOURNAL FOR THE COATINGS MARKET IN ASIA & THE PACIFIC RIM
VOL 34 • NO 2
MAY 2021
Inside: Powder Coatings
Inside: Marine Coatings
Beautiful inside and out
Architectural and decorative coatings in Asia Pacific
SMART COATINGS • RESINS • ADDITIVES
I
nnovat
ion.Per
for
mance.Pr
oduct
ivi
ty
Leadi
ngthewor l
dint hedesignandi
nnovat
ionof
TwinS
crew Ex
truders
,CoolingConveyer
s
andCompactDr um Coolers
.
Wanttoi
mproveeff
ici
encyandreduceproductwast
e?
Xt
rut
echcandemons tr
atet
herecycl
ingofupto100% ofpowder
coat
ingf
ines
,usngourXT
i SFi
nesReproces
singSys
tem.
Youcanpr i
ori
ti
set
heuseofmater
ial
s& l
abourwit
hour
XTSAutomatedPurgeSyst
em,whi
chcleansyourmachi
neand
reducess
crapintheprocess
.
Tal
ktoust odaytodis
cussthe
possi
bil
i
ti
esforyourext
ruderl
i
ne.
Vis
itusatt
he
EuropeanCoat
ingsShow
St
andnumber4- 118
T:+44(0)
1782621122
E:sal
es@xtr
utech.
com
W:www. xtr
utech.
com
CONTENTS
VOL 34 No 2 May 2021
FEATURES COMPANY PROFILE
30 EVOLVING SUSTAINABLY
MARKET REPORT Inkmaker Group has rebranded to IM Group
11 INDONESIA
Indonesia set for stable post-COVID growth
PUMPING TECHNOLOGY
12 CHINA 31 OPTIMISING PERFORMANCE
China's robust recovery from the COVID-19 pandemic is Options for improving AODD pump protection when pumping TiO2
allowing its paint market to develop sophistication
HIGH PERFORMANCE COATINGS
ARCHITECTURAL & DECORATIVE 32 REDUCING ENVIRONMENTAL FRICTION
17 DECORATIVE COATINGS IN ASIA PACIFIC How high performance PVD coatings benefit the environment
Douglas Bohn, Orr & Boss, gives an overview of the market
before, during and after COVID-19
RESINS
19 ARCHITECTURAL FAçADE COATINGS 34 CURING UNDER AMBIENT CONDITIONS
Colour solutions for durable exterior coatings Ambient curing resins for high heat and corrosion resistance
POWDER COATINGS ADDITIVES
21 A SILVER LINING 37 NO MORE UPS AND DOWNS
How the addition of a silver ion antimicrobial additive into UV The benefits of using levelling and substrate wetting agents
cured powder coatings offers added protection for surfaces
REGULARS
23 RESTORING THE EARTH
Courtney Jungjohann Deemer, PPG, speaks to APCJ about the 3 EDITOR’S PAGE
sustainability benefits of powder coatings Comment from the Editor
4 NEWS
MARINE COATINGS A digest of news from the global paint and coatings industries
24 COUNTING THE HIDDEN COST OF BIOFOULING
How shipping companies can reduce their carbon emissions 8 REGULATIONS UPDATE & EVENTS DIARY
A round up of the latest regulation developments in Asia Pacific
26 ANTI-FOULING COATINGS FOR THE FUTURE
How the reduction of cuprous oxide will make anti-fouling 14 BUSINESS REPORT
coatings ready for future environmental regulations Dr Terry Knowles looks at how construction is continuing to
drive coatings demand
SMART COATINGS 15 INDUSTRY OUTLOOK
28 CHANGING THE REACTIVE COATINGS MARKET Dr Terry Knowles compares how PPG and AkzoNobel are
Expandable graphite solutions are enhancing the protection faring so far this year
offered by fire retardant coatings
COVER IMAGE CREDIT: Image by Shutterstock
1 APCJ • May 2021
www.coatings-group.com
EDITORIAL COMMENT
Side effects of a pandemic
E
arth day took place on April 22 this conferences have had to be rescheduled to
year, with the theme ‘Restore Our allow for ongoing travel restrictions in place
Earth’. It seems a bit strange that there in different parts of the world.
is only one day dedicated to the planet, The Coatings Group has also had
given its integral role in our lives, but it felt to postpone its events but we are now
this year as though it got more attention pleased to announce that the Middle East
than in years gone by. A side effect of the Coatings Show will take place in Dubai on
coronavirus pandemic has been that, with September 27-29, 2021 and Asia Pacific
everyone remaining at home, pollution Coatings Show will now take place in
levels dropped, the air became cleaner Jakarta on March 30-April 1, 2022. We
and wildlife had more of a chance to thrive. have also postponed Coatings For Africa to
Inevitably, as parts of the world come out May 4-6, 2022, in Johannesburg. We hope
of lockdown, pollution levels may return this means that as many people as possible
to pre-COVID levels – however, with less will be able to travel and enjoy real-life,
air traffic predicted for the next couple of face-to-face meetings in safe surroundings.
years at least and with a heightened sense
of the impact we can have, hopefully some n ZOOM FATIGUE
Sally Gibson environmental benefits will stay with us.
Editor As ever, sustainability is a key Perhaps the biggest side effect of the
consideration in the coatings industry pandemic has been the sustained lack of
and innovation in this area is constantly human interaction, both personally and
evolving. Just as a snapshot, in this professionally. The proliferation of Zoom,
May issue of APCJ we speak to PPG’s Teams and Skype meetings over the
Courtney Jungjohann Deemer about the pandemic has definitely taken its toll, with
sustainability benefits of powder coatings; the CEO of Zoom himself recently admitting
Philip Chaabane, CEO of I-Tech AB, to suffering from ‘Zoom fatigue’.
discusses how coatings can reduce carbon Although it has been an effective way
emissions; experts from Evonik focus on to keep in touch with colleagues and
anti-fouling technology that will adhere customers while house-bound, there’s no
to future environmental regulations; and doubt that there’s a real desire to be able to
Oerlikon Balzers demonstrates how high interact normally with people again. Zoom
performance PVD coatings can benefit has the double whammy of making you
the environment – and that’s all without a look at your own face, while also not being
special focus on sustainability. That comes able to pick up facial clues from the person
later in the year: we publish our annual or people you are talking with. Being able
Going Green supplement in the November to get back to meetings, exhibitions and
issue of APCJ and already, we have some conferences where you can have a real
very interesting articles lined up for you. conversation with a customer, demonstrate
your product and build a rapport without
n NEW DATES FOR having to rely on the strength of your
COATINGS SHOWS internet signal or accidentally talking over
somebody, will be a real treat – and I, for
Another side effect of the coronavirus one, am looking forward to seeing as many
pandemic is that dates for exhibitions and of you as possible at our events!
EDITORIAL KEZ CHEN SUBSCRIPTIONS ASIA PACIFIC COATINGS JOURNAL
Senior Editor: CHRISTINE MALTHOUSE China & Asia Pacific Email: subscriptions@dmgevents.com (ISSN 1468-1412) is published by
Email: christinemalthouse@dmgevents.com Email: kezchen@dmgevents.com dmg events Ltd
Annual subscription rates: UK £142.00 Headquarters: Fifth Floor, The Palladium
Editor APCJ: SALLY GIBSON LUCA RICAGNI Outside UK £161.00. Single copies: £38.00 Cluster C, Jumeirah Lakes Towers
Email: sallygibson@dmgevents.com Italy, Russia & Spain P.O. Box 33817, Dubai, UAE
Tel: +39 333 282 9267 Website: www.coatings-group.com
ADVERTISEMENT SALES Email: lucaricagni@dmgevents-me.com
Event Director: Printed by Pensord Press,
PADDY O’NEILL ADVERTISEMENT PRODUCTION Tram Road, Pontllanfraith, Blackwood,
Middle East (not including United Arab Emirates, Production Manager: MELANIE CHILES Gwent NP12 2YA, Wales
North Africa, India) Email: melaniechiles@dmgevents.com © dmg events 2021
Tel: +971 4 445 3773
Email: paddyoneill@dmgevents.com MARKETING @CoatingsGroup
Marketing Manager: WINSTON PINTO
Senior Sales Manager: Tel: +971 4 445 3736
ANDY GATHERCOLE Email: winstonpinto@dmgevents.com facebook.com/TheCoatingsGroup
Europe (not including Italy, Russia & Spain),
United Arab Emirates, The Americas CORPORATE
Tel: +971 4 445 3712 Senior Consultant: IAN FAUX
Email: andrewgathercole@dmgevents.com Email: ianfaux@dmgevents.com Search ‘The Coatings Group’ in LinkedIn
3 APCJ • May 2021
www.coatings-group.com
NEWS
NEWS IN BRIEF PPG opens China Application
Azelis and BASF in Innovation Center in Zhangjiagang
Australia and NZ
Azelis has a new PPG has opened its China Application Innovation
distribution agreement Center (CAIC) in Zhangjiagang, Jiangsu Province,
with BASF, effective China. The facility is the company’s first cross-
immediately, for its business research and development centre
dispersions, additives, and in the region, serving as a bridge between
resins range in Australia innovation and customer applications for its
and New Zealand (ANZ). industrial, packaging and automotive refinish
These products are coatings businesses.
commonly used in CASE The CAIC is located in the Jiangsu Yangtze
(coatings, adhesives, River International Chemical Industrial Park,
sealants and elastomers) which is adjacent to PPG’s Zhangjiagang
and construction. This manufacturing plant. The centre’s advanced,
partnership strengthens automated equipment and technologies enable
Azelis’ lateral value chain, PPG to simulate the diverse environments and to trial production at its Zhangjiagang plant,
reinforcing its leading climates where PPG paints and coatings may be enabling increased speed to market for PPG
position in the ANZ applied. The CAIC location also will enable PPG innovations and accelerating product and
CASE market. to quickly move newly developed applications service customisation.
Arkema in Singapore
Arkema confirmed it is on
Siegwerk opens toluene-free ink
track to begin production
of Amino 11 and its flagship
blending centre in Bangladesh
Rilsan® polyamide 11 high Siegwerk, one of the leading company’s domestic business manufacture and supply
performance polymer at global suppliers of printing in Bangladesh, while enhancing toluene free inks, to ensure
its new plant on Jurong inks, has inaugurated its new its market leadership position health and safety to consumers
Island, Singapore in the blending centre in the Dhaka across the Asian region. The of packaged food. Toluene or
first half of next year. This region in Bangladesh. new blending centre will also any raw materials containing
plant, for which production Spread over 65,000ft2, the reduce inventory costs to toluene, won’t be used as
will be 100% derived centre will host customised customers and allow Siegwerk intentionally-added ingredients
from renewable castor solutions for the Bangladesh to provide immediate technical in the facility. The inks
beans, represents a 50% market. The blending centre support for local customers. produced will be compliant with
increase in Arkema’s global will generate direct and indirect Siegwerk has been global regulatory and brand
polyamide 11 capacity. employment for close to 50 supplying printing ink in owner requirements to ensure
people in Bangladesh and Bangladesh since the mid- products are safe for end-use
BASF joins Digital will significantly boost the nineties. The centre will packaging applications.
Watermark Initiative
BASF has joined “HolyGrail
2.0 – Digital watermarks
Change of dates for Middle East Coatings Show and Asia
for accurate sorting and
high-quality recycling”. The
Pacific Coatings Show, due to ongoing travel restrictions
initiative aims to increase The Coatings Group, organiser of the end of September hopefully gives everyone this
plastic recycling rates internationally renowned Middle East Coatings assurance and, indeed, may come as a relief for
by adding imperceptible Show, has announced that the exhibition will now some with concerns and reservations regarding
digital watermarks to take place on September 27-29, 2021, at the making travel arrangements for June.”
product packaging. Under Dubai World Trade Centre. The Middle East Coatings Show is the largest
the auspices of AIM, The decision to postpone the event from June dedicated coatings event in the important
the European Brands until September was reached because of ongoing Middle East and gulf region, regularly attracting
Association, BASF and travel restrictions in place across much of the a mix of exhibitors and visitors from more than
more than 120 companies world, which would prevent many of the show’s 80 countries.
from the packaging value regular exhibitors and visitors from attending. In light of ongoing COVID restrictions and the
chain have joined forces to Paddy O’Neill, Event Director of the Coatings new dates for the Middle East Coatings Show,
prove the viability of digital Group, said: “We are mindful that a significant it has also been decided that the Asia Pacific
watermarking technologies number of our exhibitors and visitors travel to Coatings Show, due to be held in Jakarta this
for accurate sorting and Dubai from overseas and at the moment, this isn’t September, will now be postponed until March
the business case at large straightforward or, in some instances, possible. 30-April 1, 2022.
scale. Digital watermarks “Whilst Dubai is very much open for business More information can be found on the website:
are imperceptible codes, and exhibitions have restarted successfully, www.asiapacificcoatingsshow.com. For more
the size of a postage stamp, we want to ensure that our exhibitors are fully information on how to book a stand or visit the
covering the surface of confident in their participation with us. We believe Middle East Coatings Show this September in
consumer goods packaging. the decision to further postpone the show to the Dubai, visit: www.middleeastcoatingsshow.com
4 APCJ • May 2021
www.coatings-group.com
NEWS
Hempel opens its new Campus NEWS IN BRIEF
Hempel has opened its new Both are scheduled for Perstorp to set science-
Campus, which features a modernisation and rebuilding based emission targets
newly constructed office during 2021. Perstorp Group has
building, a state-of-the- The entire Hempel Campus committed to setting
art R&D facility. meeting is expected to be finished in science-based targets to
rooms, laboratories and test 2022 and has been designed reduce greenhouse gas
facilities, equivalent to more by Årstidernes Arkitekter, emissions, in line with the
than 26,000m2 or three and now Sweco Architects. The Paris Climate Agreement.
a half football pitches of design is inspired by the action With ambitions to become
space. Located just north of stirring a new colour into the number one sustainable
of Copenhagen, Denmark, the centre of a can of paint, solutions provider within
Hempel Campus is the daily forming a pattern known as a prioritised markets,
workplace for more than spiral vertex. The new office Perstorp Group has already
350 Hempel employees. building has been designed committed to becoming
Construction of the new with a focus on sustainability Finite Material Neutral.
Campus began in 2017 and and will be DGNB certified, Now, the global chemical
also includes an existing with solar panels installed on company has announced
office building and test facility. the roof. its commitment to emission
reduction targets in line with
Retrofit buildings at Tokyo Sika acquires the Paris Climate Agreement
and the Science Based
2020 honour history Hamatite adhesives Targets initiative.
Behind the scenes of the Dr Hirokazu Shibata, Sika has agreed to acquire Covestro 3D printing
Olympic Games Tokyo 2020, Technology & Sustainability Hamatite, the adhesives Covestro has released its
Dow’s materials science Leader for Dow Sports business of The Yokohama first material developed by
expertise helps power Marketing Solutions, said: “It’s Rubber Co Ltd. Hamatite is a the additive manufacturing
infrastructure technologies no secret that the construction market leader in Japan, offering business recently acquired
that insulate, seal, connect, industry is one of world’s largest adhesives and sealants to the from DSM: a glass-fibre
coat, protect and deliver a consumers of both energy and automotive and construction filled recycled polyethylene
sustainable legacy. More than resources and the decisions industries. The acquisition will terephthalate (rPET) for 3D
half of the 43 Olympic venues made today for the built significantly strengthen Sika’s pellet printing. Made from
are existing facilities, resulting environment will play a major market position in Japan, post-consumer PET waste,
in an estimated savings of role in the future of the industry. increase market access to all Arnite® AM2001 GF (G) rPET
80,000t of CO2 equivalent With technology solutions major Japanese OEMs and perfectly fits Covestro’s
emissions. Among the existing that exist today, like those notably extend the product vision for a circular
buildings, nine of those that incorporated throughout Tokyo’s offering for sealing and bonding economy and illustrates
are retrofitted deployed retrofitted venues, we can applications in the Japanese how complementary the
various Dow technologies to improve the energy efficiency construction industry. The two organisations are in
help elevate the performance of structures, reduce embodied product portfolio comprises their approach to adding
and aesthetic of façades, carbon and help leave a positive various technologies, such as more value to additive
building envelopes and legacy backed by the power of polyurethanes, hot melts and manufacturing and industrial
electrical systems. sport and science.” modified silicones. production overall.
Covestro successfully completes acquisition Songwon establishes
new entity in China
of resins business from DSM Songwon has established
its new business entity
On April 1, 2021, Covestro successfully implementation of our new Group strategy. With in China, Songwon
completed the acquisition of the Resins & this transaction, we are taking another important International-Qingdao Co,
Functional Materials business (RFM) from the step towards sustainability, while at the same Ltd. The organisation will
Dutch company Royal DSM. The transaction time generating sustainable growth,” said Dr ensure Songwon remains
received regulatory approval after Covestro and Markus Steilemann, CEO of Covestro. well-positioned to continue
DSM signed an acquisition agreement in late With the transaction, Covestro is expanding its providing customers in
September 2020. The transaction substantially business in several areas. The Group is already this important region with
expands Covestro’s portfolio of sustainable one of the leading global providers of water- high quality products and
coating resins, making the Group one of the based polyurethane dispersions. The acquisition service. The divestment
world’s leading providers in this growth market. of RFM adds a complete range of water-based of its shareholding in the
The integration of RFM will expand the Group’s polyacrylate resins, as well as strong brands in Qingdao Long Fortune
revenues by around €1bn and will add more than terms of sustainability, such as Niaga®, solutions Songwon Chemical Co,
20 sites to its global production network. “The for additive manufacturing and an advanced solar Ltd joint venture has also
acquisition of RFM significantly contributes to the coatings business. been completed.
5 APCJ • May 2021
www.coatings-group.com
NEWS
NEWS IN BRIEF Clariant strengthens position in China
PPG acquires Cetelon with inauguration of One Clariant Campus
PPG has acquired Cetelon
Lackfabrik GmbH, a Clariant has opened its One Clariant Campus
manufacturer of coatings in Shanghai, China. Across a total floor space
for automotive and light of approximately 24,000m2, the Campus will be
truck wheel applications. home to Clariant’s Greater China Operational
Financial details of the Headquarters, as well as the Innovation Center
transaction were not China. The Chinese market represented 10%
disclosed. Cetelon of Clariant’s sales in 2020, totalling CHF402M.
develops and manufactures In order to increase its share of the Chinese
a wide range of coating market, the world’s largest chemicals market
systems for the wheel overall, as well as for speciality chemicals, the
industry, including certain company is pursuing a dedicated strategy of
proprietary technologies. becoming a true “China Insider” by fostering five
key local elements: insight, competitiveness,
Coatings to help with empowerment, innovation and partnering.
greener air travel To achieve this, Clariant is investing catalysts production facility in Jiaxing, Zhejiang
A materials expert at significantly in China. In addition to the CHF45M Province and its joint venture facility with
the UK’s University of invested in the Campus, Clariant recently Tiangang Auxiliary in Cangzhou, Hebei Province,
Nottingham has secured announced the construction of a new Catofin™ is opening soon.
more than £2.1M to develop
new coatings for use in
aerospace that could cut
Purdue makes the whitest paint Innovation in Asia
jet plane CO2 emissions In an effort to curb global The researchers believe that BASF is strengthening its
and help spacecraft built warming, Purdue University this white may be the closest innovation capabilities in Asia
for humans venture further engineers in the US have equivalent of the blackest by breaking ground for the third
into our solar system. Dr created the whitest paint yet. black, “Vantablack,” which phase of its Innovation Campus
Tanvir Hussain has received Coating buildings with this paint absorbs up to 99.9% of visible Shanghai and by establishing
the five-year fellowship – may one day cool them enough light. The new whitest paint an academic sounding board
funded by the Engineering to reduce the need for air formulation reflects up to 98.1% as part of the Network for Asian
and Physical Sciences conditioning, researchers say. of sunlight and sends infrared Open Research (NAO).
Research Council – to In October, the team created heat away from a surface at the The expansion includes an
find new modelling and an ultra-white paint that pushed same time. Typical commercial additional R&D building and
processing techniques that limits on how white paint can white paint gets warmer rather one R&D workshop building.
will overhaul the design and be. Now, the newer paint not than cooler. Paints on the Construction is expected to be
manufacture of advanced only is whiter but also can market that are designed to completed by the end of 2022;
ceramic materials for the keep surfaces cooler than the reject heat reflect only 80%- by then, the total investment
next-generation of air and formulation that the researchers 90% of sunlight and can’t of BASF into its Innovation
space travel. had previously demonstrated. make surfaces cooler than their Campus Shanghai will sum up
“If you were to use this paint surroundings. Two features give to around €280M.
Nippon Paint wins green to cover a roof area of about the paint its extreme whiteness. This further expansion
technology award 1000ft2, we estimate that you One is the paint’s very high demonstrates BASF’s
Nippon Paint Marine could get a cooling power of concentration of a chemical continued commitment to
Coatings ships’ hull coating 10kW. That’s more powerful compound called barium further build up innovation
AquaTerras has won the than the central air conditioners sulphate. The second feature capacities in China and the
‘Green4Sea Technology used by most houses,” said is that the barium sulphate whole Asia Pacific region.
Award’ in an online event. Xiulin Ruan, a Purdue Professor particles are all different sizes in With this expansion, BASF will
The paint system, currently of Mechanical Engineering. the paint. strengthen its R&D capabilities
the world’s first and for advanced materials
only completely biocide
free, self-polishing (SPC)
New China office for The and systems, as well as for
chemical engineering in order
antifouling paint, came top
in a global poll for making
Shepherd Color Company to serve the needs of growing
industries, such as automotive,
a “significant technological The Shepherd Color Company staff based in Shanghai. construction and coatings.
breakthrough” in has opened its new Sales Office Shepherd Color will continue
marine environmental in Shenzhen, China. Shepherd to use Eastway (Shanghai)
sustainability. Other Color Shenzhen will import, as its preferred distributor in
companies shortlisted stock and sell The Shepherd China for some customers. The
in the category included Color Company and Shepherd Shepherd Color Company has
Alpha Ori Technologies, Technologies products. been selling pigments in China
Filtersafe, Solvang The main office will be in through Eastway (Shanghai) for
and Jotun. Shenzhen with three further the past 14 years.
6 APCJ • May 2021
www.coatings-group.com
NEWS
Covestro co-operates with AkzoNobel NEWS IN BRIEF
and MINE Technologies AkzoNobel invests in
Qlayers startup
In the growing market for consumer electronics, Qlayers’ coating technology
manufacturers are looking for new aesthetic offers a fully automated
and functional solutions. To meet their needs, solution that is safer,
Covestro worked with paints and coatings more consistent and
manufacturer AkzoNobel to develop a new faster than the manual
type of waterborne coating system with coating processes used
adjustable haptics and a matte optics effect. now in the industry. By
It simultaneously meets the high demands eliminating overspray, it’s
on the quality and durability of today’s a sustainable solution that
electronic products. saves costs. Qlayers is
One current example is the functional Smart part of AkzoNobel’s Paint
Mirror from the Chinese manufacturer MINE manufacturing process. The mirror also features the Future collaborative
Technologies. The mirror cover is coated with compelling new electronic functions. If you swipe innovation ecosystem.
AkzoNobel’s waterborne soft-touch coating. It its edge, it begins to glow. The brightness can
is highly resistant to abrasion and scratching also be adjusted via swiping. The Smart Mirror Siegwerk and Kotkamills
and is based on the polyurethane raw materials can also connect to WiFi networks and is capable join forces
Bayhydrol® and Bayhydur® from Covestro. of recharging wirelessly. Siegwerk, one of the
The water-based coating is characterised by With pilot projects like this, Covestro is leading global providers
only low emission of volatile organic compounds positioning itself in the growing consumer of printing inks, and
(VOCs), contributing to a more sustainable electronics devices market. Kotkamills, a Finnish
paper and paperboard
Philippine NGO discovers more spray paints manufacturer, have
joined forces to create
with dangerously high lead content solutions for printers and
producers of fibre-based
A toxics watchdog group from the Philippines leaded spray paints was produced by companies packaging to further drive
has found more spray paints in the market affiliated to the Philippine Association of Paint packaging circularity. The
that are contaminated with dangerously high Manufacturers (PAPM). collaboration is based on
concentrations of lead, a chemical forbidden in The EcoWaste Coalition has notified the the potential of water-based
the manufacture of paints under the country’s law. authorities about its latest findings and has dispersion barrier coated
In a statement, the EcoWaste Coalition revealed also requested retail stores to take the violative paperboard to replace
that 13 spray paints with lead content ranging products off the shelves. Lead compounds were traditional polyethylene
from 4500 to 56,100 parts per million (ppm) are used before in paint formulations to add colour, (PE) coated board. Thus,
being sold to uninformed consumers by offline quicken the drying process, inhibit rust and the switch in coating not
and online retailers in brazen violation of the increase durability. Exposure to lead can affect only offers an economic
country’s lead paint regulation limiting lead to a a child’s developing brain and cause reduced driver to collectors and
maximum of 90ppm. This brings the total number intelligence and attention span, as well as recyclers, it also reduces
of lead-containing aerosol paints uncovered by the increased risk of behavioural problems. the environmental impact of
group to 50, including its discovery of 37 violative A full report can be found here: https://ipen. the packaging.
products last year that were subsequently org/documents/lead-spray-paints-consumer-
banned by the authorities. None of these 50 use-philippines Multi-ship reference
Turkey’s Iskenderun Ship
Hempel acquires Wattyl Australia and New Zealand Management has provided
a first reference for Nippon
Wattyl Australia and New and coatings company, in chosen geographies and Paint Marine’s self-polishing
Zealand is now officially part headquartered in the USA. segments. With Wattyl as part antifouling paint FASTAR,
of world leading coatings Hempel received formal of the Hempel Group, we are following an agreement to
manufacturer Hempel. With customary approval from the gaining a strong footprint in apply the novel coating to
the acquisition of Wattyl, relevant authorities in Australia Australia and New Zealand, five bulk carriers scheduled
Hempel is strengthening its and New Zealand and Wattyl while pursuing our strategic to drydock in China this
footprint in Australia and New is now officially a part of the ambitions for the Decorative, year. FASTAR, developed
Zealand significantly. Hempel Group. The acquisition Infrastructure and Energy to reduce the volume of
On February 18, 2021, is part of Hempel’s ambition to segments in our South & paint required without
Hempel A/S signed an double its revenue to €3bn by East Asia region,” said Lars detriment to performance,
agreement to acquire 2025 as outlined in its Double Petersson, CEO of Hempel. was officially introduced
leading paint and coatings Impact strategy. Wattyl has an annual to the market in January.
manufacturer Wattyl Australia “We have taken the first turnover of €150M and has It is designed to deliver an
and New Zealand from The major step on our growth been a household name in approximate 8% reduction
Sherwin-Williams Company, journey, which will see us Australia and New Zealand for in fuel consumption
the world’s largest paint build leadership positions more than 100 years. and CO2.
7 APCJ • May 2021
www.coatings-group.com
DIARY | REGULATIONS
DIARY REGULATORY ROUND UP — ASIA PACIFIC
By Kathryn Wortley in Tokyo; Raghavendra Verma in New Delhi; Jens Kastner and
MAY 18-19 Poorna Rodrigo - International News Services
Global Coatings & Paint
Innovation Summit SOUTH KOREA for Titanium Dioxide (T/CPCIF 0088-2021, T/
Amsterdam, The Netherlands An Act on the Punishment for Serious Accidents CNCIA 02008-2021) and Green Design Product
www.evnoiagroup.com passed South Korea’s legislature on January 8, Evaluation Technical Specifications for Iron Oxide
angering the country’s coatings sector. Coming Pigments (T/CPCIF 0089-2021, T/CNCIA 02009-
MAY 26-28 into force one year after its promulgation, the 2021). These standards will be implemented
Coating Korea 2021 law will strengthen punishment for companies from May 3. They resulted from NCIA mandates
Songdo Convensia, Incheon, Korea and managers involved in industrial accidents. during the 13th Five-Year Plan period (2016-
www.coatingkorea.com The act has been criticised by South Korea’s 2020), which encouraged the creation of a green
coatings sector. In online forums, companies manufacturing system for the coatings industry,
JUNE 23-25 said that they should not be penalised for which has spawned a series of new standards
Paint & Coating Japan an accident given that pigments, resins and for the industry. See: www.chinacoatingnet.com
Osaka, Japan additives contain many petrochemicals, such
www.coating-japan.jp as benzene, toluene and xylene, and so fires TAIWAN
or leaks are an inevitable risk. One user said: Taiwan’s Environmental Protection Administration
JULY 26-28 “Companies already have to spend billions (EPA) has said that it will prioritise the
ICIE & Coatings Raw Material of billions of dollars a year investing in and implementation of the island’s Standard for
Procurement Conference maintaining environment and safety related Volatile Organic Compounds in Building and
Guangzhou, PR China facilities but due to the nature of chemical Industrial Maintenance Paints, limiting volatile
www.coatexpo.cn products, no matter how closely the facilities organic compounds in building paint products.
and processes are managed, the negligence of From October 2019 to March 2020, for instance,
AUGUST 6-8 workers and the possibility of accidents in the EPA inspections across Taiwan found 47
China Coatings Show transportation process cannot be excluded.” violations of emission standards for VOCs in
SNIEC, Shanghai, PR China See: www.m.stock.naver.com; www.hani.co.kr/ coatings. The EPA said it would review specific
www.coatshow.cn arti/politics/assembly/977786.html industry-specific emission standards for printing
and coatings consuming sectors, such as
AUGUST 26-28 JAPAN automotive manufacturing. See: www.epa.gov.tw
Coatings Expo Vietnam The Japan Paint Manufacturers Association has
SECC, Ho Chi Minh City, Vietnam released its 2021 list of safe household paints, THE PHILIPPINES
www.coatings-vietnam.com designed to provide “peace of mind” for general The Philippines’ Maritime Industry Authority
consumers. As of January 31, hundreds of paints (MARINA) has issued (in January 2021) new rules
SEPTEMBER 14-16 from 16 companies have been listed in two main and regulations on the application of anti-fouling
European Coatings Show categories: for indoor and for outdoor use. The paints and coatings on ships to prevent the use
Nuremberg, Germany products are further subcategorised into water- of environmentally-harmful substances. MARINA
www.european-coatings-show.com based, solvent-type and aerosol-type paints. Memorandum Circular No. SR-2020-04 aims
The public is asked to check the respective to minimise, if not completely eliminate, the
SEPTEMBER 27-29 manufacturing company for details on each environmental effects of organotin compounds
Middle East Coatings Show product’s use, quality performance and other in anti-fouling systems (AFS) that prevent the
DWTC, Dubai, UAE information. See: www.toryo.or.jp attachment of unwanted organisms on ship hulls.
www.middleeastcoatingsshow.com “Failure to comply with the anti-fouling system
INDIA controlled under the International Convention on
NOVEMBER 16-18 India has scrapped an anti-dumping duty on the Control of Harmful Anti-Fouling Systems in
ChinaCoat Japanese exports of phthalic anhydride, a dye Ships (AFS Convention) shall [necessitate] repair
SNIEC, Shanghai, PR China additive that is also used as a plasticiser and to or replacements to completely comply with the
www.chinacoat.net make resins. However, the Indian Directorate said convention,” MARINA said. See: www.
General of Trade Remedies recommended marina.gov.ph/wp-content/uploads/2021/01/
MARCH 10-12, 2022 continuing an anti-dumping duty on imports MC-SR-2020-04.pdf
PAINTINDIA of this chemical from Russia for another five
Bombay Exhibition Centre, India years, as “there is likelihood of dumping and VIETNAM
www.paintindia.in consequent injury to the domestic industry.” Vietnam’s Ministry for Industry and Trade
Exports from Japan have been attracting has promulgated a new National Technical
MARCH 30-APRIL 1, 2022 US$126.17/t and from Russia US$159.43/t, with Regulation on Safety in the Production, Trading,
Asia Pacific Coatings Show the duties set in US$ rather than Indian Rupees. Use, Storage and Transport of Dangerous
JI Expo, Jakarta, Indonesia These duties were first imposed in December Chemicals. It will take effect from January 1,
www.asiapacificcoatingsshow.com 2015. See: www.gov.in 2022. It stipulates a set of chemical incident
response procedures and includes the obligation
MAY 4-6, 2022 CHINA for businesses that handle hazardous chemicals
Coatings For Africa The China National Coatings Industry to have a list that must contain information on
Johannesburg, South Africa Association (CNCIA) – a state backed body – on chemical names, trade names, classifications,
www.coatingsforafrica.com February 4 unveiled Technical Specifications warning images, maximum storage levels at a
8 APCJ • May 2021
www.coatings-group.comVisionaries have no rivals.
Look into these eyes. Can you see it? Now, look into these eyes. Join us in
Trace the purple paint with your finger. shaping the world of coatings.
Can you feel it? It’s the motivation to dis-
cover superior solutions for the challenges
NEW PRODUCTS
of tomorrow in our ever-changing world. SPHERILEX®
ZEOFREE® 600
It’s the passion exuding from our global SURFYNOL® 104 Z
VP Disp. WF 7620
network of employees. It’s the confidence
that we can deliver true value for your
coating formulations. www.coating-additives.comDIARY | REGULATIONS
REGULATORY ROUND UP — ASIA PACIFIC
location and rules on designated storage ownership restrictions. Effective March 4, including key ingredients for paints,
areas. It also contains detailed technical 2021, Indonesia’s Presidential Regulation coatings, resins and adhesives. United
requirements for equipment and pipes 10 of 2021, dubbed “the positive list”, Overseas Bank (UOB) Group’s Senior
containing corrosive chemicals. See: replaces Presidential Decree No. 36/2010, Economist Julia Goh and Economist Loke
www.luatvietnam.vn known as “the negative list”, which Siew Ting said that this growth happened
was far more restrictive. As part of the despite Malaysia reinstating a Movement
AUSTRALIA government’s ongoing economic reforms Control Order (2.0) in mid-January to
The Australian government’s Department and Omnibus Law (No. 11/2020 on Job fight COVID-19. See: www.miti.gov.my/
of Health has announced that Creation), the regulation presents one of miti/resources/MITI Weekly Bulletin/
2-Butyloctanoic acid, used as an emollient the greatest liberalisations in Indonesia’s MITI_Weekly_Bulletin_Volume_627_02_
for polymers, paper coating and solvents foreign ownership limitations since the March_2021.pdf
among other uses, has been added negative list was first introduced in the
to the Australian Inventory of Industrial 1980s. However, the manufacturing of THAILAND
Chemicals, following an assessment of ozone-depleting substances and industrial Thailand is scheduled to unveil fresh tax
its potential environmental health impact. chemicals remain closed for private incentives and relaxed regulations for
Manufacturers and importers of this investments both domestic and foreign. foreign direct investment in late March
chemical must inform the department See: www.kemlu.go.id/portal/id 2021, which should help Thai paint
within 28 days if there any potential and coating manufacturers relocating
breaches of Australian government MALAYSIA production to their home country.
guidance regarding this chemical. See: Analysis of trade data released by Deputy Prime Minister Supattanapong
www.industrialchemicals.gov.au Malaysia’s Ministry of International Trade Punmeechaow said the stimulus measures
and Industry (MITI) for January (2021) has aim to raise the country’s competitiveness
INDONESIA shown significant recent export growth for foreign investment and that, “Thailand
Indonesia has opened up investments has been driven by strong shipments of will become more attractive for foreign
to construction services based in the manufactured goods (Jan: +11.7%; Dec: investment, especially among investors
country, including paint and coating +12.4%), particularly rubber products, that want to relocate their production
services, that had previous foreign chemicals and chemical products, bases.” See: www.boi.go.th
Axalta gives new impulses to New Bismuth
architectural and design applications Vanadate Yellow
Axalta is expanding its range of highly applications and exterior design. “At Axalta, Shepherd Color has launched its new
weather-resistant metallic effect powder we are intensively engaged with both the Bismuth Vanadate (BV) Yellow, product
coatings from the Alesta® SD SuperDurable developments that influence architecture code 30C133.
product line with “The SuprAnodic and the requirements of the coating Bismuth Vanadate, also known as C.I.
Collection”. The new collection provides the industry,” says Ludovic Béal, Product & Pigment Yellow 184, is widely used in
advantage of an environmentally friendly Marketing Leader Architecture & Furniture high-performance yellow colour matches
powder coating. It combines ecological at Axalta Powder Coatings in EMEA. “This and has wide regulatory approvals and
responsibility and creative freedom. The includes ensuring that our metallic products inclusion in chemical registries around the
SuprAnodic Collection offers the look of are manufactured using the latest bonding world. Shepherd Color’s Yellow 30C133 is
high-quality anodised finishes and portrays technology giving them their low gloss, only available in its Dynamix® brand, which
current and future trends in architecture optical depth and fascinating metallic removes the time consuming, energy-
and design. Additionally, the QUALICOAT effect, which, in combination with the new intensive and variable pigment grinding step
Class 2 and GSB Florida 3 (Master) certified colours, enable architects and designers in laboratory development, scale-up, and
powder coatings have excellent UV and to set extraordinary accents on buildings full production.
weather resistance and easy application, and objects”. Yellow 30C133 is all inorganic and
making them ideal for outdoor architectural www.axalta.com/supranodic doesn’t have any organic dispersion aids
or resins included that might compromise
the performance of systems incorporating
Yellow 30C133.
Common uses for Yellow 30C133 are
high-performance coatings, such as coil
& extrusion spray, automotive, industrial,
architectural, powder and other coatings.
It can also be used in plastics and
engineering polymers, especially in thin
films and fibres. The pigment is optimised
for easy dispersion.
www.shepherdcolor.com
10 APCJ • May 2021
www.coatings-group.comMARKET REPORT
INDONESIA
Ahmad Pathoni reports from Jakarta on Indonesia’s paint and coatings sector
Indonesia set for stable
growth post COVID-19
T
he paint and coatings industry stretching 600km; 965.4km of roads; for coatings and galvanising agents. The
in Indonesia still has ample 26.9km of bridges; 446.56km of railway government has also increasingly used
room for growth amid booming lines and 10 airports, according to the local products rather than imported ones
infrastructure development, although National Development Planning Agency. for its construction schemes: “Local
it has had to struggle with the ongoing Taufik hopes this will cause the country’s products and brands can compete with
COVID-19 pandemic, say officials and paint and coatings industry to increase imported products and the quality is not
industry experts. production. He also hopes a strengthened inferior to those foreign products,” he said.
With the property sector being the paint sector could boost the country’s Factories have continued to operate
primary growth driver of Indonesian paint competitiveness to “compete in local and during the pandemic, especially those
and coating sales, the high demand for global markets.” outside of Indonesia’s central (and most
new housing and the repainting cycle populous) Java island, although office
assures a steady demand for paint and n THE IMPACT OF THE PANDEMIC staff have generally worked from home,
coating products, said Mahendra Chahar, Taufik said.
Senior Consultant at Frost & Sullivan. Farid Muhammad, a former Director at Pt With its population of 270M, it is
The Indonesian government is also Sigma Utama Paint, Bogor, West Java, unsurprising that Indonesia is the largest paint
planning to spend nearly US$40bn on new however, said some construction projects and coatings market in south east Asia. But
metro railway lines for the Jakarta region, have been suspended or cancelled during what makes the paint and coatings sector
which will boost paint and coating demand the pandemic: “Everyone is suffering and special in this 17,500-island archipelago is
and plans to construct a new national has to tighten their belts. We have been that it is one of the few business sectors in
capital in Borneo, costing US$400bn, forced to review our spending and this Indonesia with strong domestic players and
which will do the same. results in a business downturn. For big once the pandemic is over, the Indonesian
“The paint and coatings industry has a companies, they can still survive even with paints and coatings market is expected to
bright prospect in line with the increasing smaller margins. But small companies are post robust annual growth of 6.5% over the
national paint consumption and the rate of lucky to reach a break-even point.” next five years, according to Mumbai, India-
physical development,” said Muhammad He said economic stimuli offered by based Inkwood Research.
Taufik, Director of Upstream Chemical and the government had yet to benefit many Indonesia’s growing population (up 1.1%
Pharmacy Industries at Indonesia’s Industry paint and coatings companies. He added yr-on-yr in 2019), rapid urbanisation (56%
Ministry. “The opportunity for growth in that direct government COVID-19 support in 2019), the growing construction industry
the paint industry is still very large. The had often been slow to arrive, causing and the swiftly expanding middle class are
government’s infrastructure programmes further disruption: “We can only hope among contributors to growth, Inkwood
and the continued high growth in the that vaccinations can be done faster and said. This currently comprises more than 150
property sector are among factors driving the economy runs again. If that happens, companies – consisting of small, medium
the increase in demand for paint,” he demand will increase and our business and large enterprises – with a total capacity of
said. Noting that the government boosted can flourish again.” He expects a revival 1.5Mt/yr, with production per factory varying
its budget allocation for infrastructure in general demand during July: “The paint from 4000-75,000t/yr, Taufik said.
development to Indonesian Rupiah business is likely to stabilise next year,” Four paint companies, PT Propan Raya,
IDR417.8trn (US$29bn) for 2021 up from he said. PT Avia Avian, PT ICI Paints Indonesia
IDR281trn in 2020, partly to boost the Haryawan, Secretary General of – subsidiary of Dutch multinational
economy during the COVID-19 pandemic, the Indonesian Coatings Association AkzoNobel – and Japan’s Nippon Paint
he commented: “It is hoped that domestic (Ascoatindo), was more optimistic: “We still Holdings have 65% to 75% of the market
paint and coating industry players can don’t know the impact of the pandemic but share in Indonesia. The remainder of the
make the best of this.” when people are at home, they have little paint market is held by other international
Infrastructure projects planned for to do. They start painting their houses. At players and smaller local manufacturers.
the next few years include 53 dams (43 the domestic level, the impact seems to be Because of this, the country has a
units are being built and 10 new dams); insignificant,” said Haryawan, who has just relatively low level of imports – 83,140t
sanitation and solid waste facilities for one name. He said infrastructure projects (worth US$354M) in 2019, up from
1.65M families; an irrigation network are also still running, generating demand 74,700t (worth US$283.57M) in 2015, >13
11 APCJ • May 2021
www.coatings-group.comMARKET REPORT
CHINA
Mark Godfrey reports on how China’s robust recovery from the COVID-19 pandemic is
allowing its paint market to develop sophistication and its industry to expand exports
China: A tale of two
price-points
C
hina’s embrace of Scandinavian Now Jotun wants to double its own There has also been a boom in domestic
style is propelling sales of innovative distribution network by opening more spending – a Chinese government 2020
decorative paints among young concept stores through its dealers: it wants stimulus designed to keep the economy
homeowners in China. “Simplicity” and to double the number of such stores to afloat during the COVID-19 pandemic has
“high quality lifestyle” are the watchwords 200 in 2021, focusing on larger “first and been a boon for local paint makers, such
of the Nordic style being marketed by second tier” cities, said Chan. as San Ke Shu Paint Co, based in Fujian,
Jotun, whose focus on the premium part A new Nordic ‘Premium Paints’ concept which is projecting that 2020 revenues
of the Chinese market appears to have store opened by Jotun in a Beijing mall rose 39% yr-on-yr, alongside a 23.3% jump
paid dividends. “allows clients to browse beautiful panels in profit.
[in various paint colours] which can inspire The company’s performance was
n EXTERNAL INFLUENCES [customers] to choose colour schemes,” driven by demand for its water proofing
said Chan. He explained how the Nordic and insulation paints, explained Zhan Zhi
The Norway-based firm recorded a record aesthetic differs from the American Yang, an analyst at Fuzhou-based Xing
year in 2020 in China in terms of sales, (represented in China by PPG and other Ye Securities, who monitors the paint
profit and market share. China’s economy players). “There’s been an evolution in manufacturer. San Ke Shu promotes itself
recovered quickly from COVID-19 in Q2, paint tastes in China: in China 10 years to consumers – it runs adverts on China
2020, said Jinn Yep Chan, Business ago, the majority of paint was in white National Radio targeted specifically at new
Director for decorative paints at Jotun or light yellows or blues. More exposure homeowners, he noted.
China. While the broader paint market in to European styles through travel has San Ke Shu is well placed
the country grew by 6-7% yr-on-yr during changed Chinese tastes.” The American geographically, said Zhan, with
2020, Jotun grew its overall sales in China aesthetic is “bright and shiny”, but the manufacturing facilities in Anhui, Fujian,
by double figures, said Chan. Nordic aesthetic is more “minimalist Hebei and Henan. Zhan sees the main
“We did that by increasing its distribution and cosy”. risks to continued growth as a slowdown
network through a franchise-type dealer in China’s real estate market and increased
network. And by focusing on the premium n DOMESTIC FACTORS competition in the paints sector.
end of the market.” By premium he means China’s spending on infrastructure grew
young middle-class homebuyers whose China remains reliant on imports at the high sharply in the second half of 2020, backed
travel and trips to giant IKEA stores in end of the market. While its exports are by Chinese Yuan Renminbi CN¥4.7trn
Beijing have made them amenable to increasing, these are of a lower price point (US$752bn) of special local government
Nordic decorative fashion tastes. to internationally branded products. and national government bonds. Whereas
China’s embrace of Scandinavian style is propelling sales of decorative paints in China
12 APCJ • May 2021
www.coatings-group.comMARKET REPORT
“
western countries paid COVID payments made up largely of “acrylic- and polyester-
to their citizens, such as the UK’s furlough based paints”, according to a China
scheme, China focused on its fiscal It is clear that Customs note.
stimulus, explained HSBC’s Chief China With the country’s highly fragmented
Economist Qu Hongbin in a paper.
there’s a major paint and coatings manufacturing scene
While this has been good for the gap in the pricing power long encouraging cut-throat competition on
construction industry, it has not given price, it is hard to see how Chinese paint
a direct boost to private consumption
of Chinese paint and production will move up the value chain
”
(which accounts for 39% of China’s GDP, coatings manufacturers and in its international market offerings in the
compared to 65% in the USA), which in turn short term.
makes for a slower recovery in retail sales.
international peers. Overall, paint and coatings production
Yet China’s focus on bricks-and-mortar is expected to expand from 22Mt to 25Mt
projects to drive economic growth is the between 2020 and 2025, according to
main growth strategy of another leading n PRICE DISPARITIES the China National Coatings Industry
local player, Oriental Yuhong Waterproof Association (CNCIA). Yet there are real risks
Technology Co Ltd (Dong Fang Yu Hong It is clear that there’s a major gap in to this scenario materialising – and those
in Mandarin), which is based in Beijing. Its the pricing power of Chinese paint and risks include a falloff in the Chinese and
marketing slogan, ‘Less leaking, better life’ coatings manufacturers and international wider Asian real estate markets.
is hardly the most reassuring slogan but peers. China’s coatings import and exports Meanwhile, it appears that the premium
may have its origins in the quality issues are both increasing, according to data from end of the domestic market will remain the
facing Chinese construction – and the the General Administration of Customs preserve of international brands.
country’s diverse climate. of China, yet while exports are larger in One curious thing also seems to
Oriental Yuhong has flagged profits for volume terms they are lower in value per be constant: the Chinese aversion to
Q4, 2020 of at least CN¥969M (US$150M) unit compared to imports. China exported DIY, which continues to distinguish this
- an increase of 93.7% on the same period 211,378t of paint and coatings in 2019 said market from Europe, where COVID-19
in 2019. The company’s profitability is China Customs, up 10.9% yr-on-yr, and the lockdowns prompted a surge in paint sales
down to increased real estate finishings export value was US$679M, an increase to homeowners. While there are growing
and stagnant raw material costs, according of 8.2% yr-on-yr. China imported 180,840t, numbers of Chinese willing to paint, the
to Zhao Jun Sheng, an Analyst at Beijing- worth US$1.37bn in 2019, a yr-on-yr figure is “not significant” and the bulk of
based DongXing Securities. Yuhong’s 28 increase of 32.5%. painting is done by decoration companies,
manufacturing bases give it geographic However, the average import price of explained Jinn Yep Chan. Jotun, for
reach, said Zhao. Chinese coatings was US$7229/t, whereas example, co-operates with the large Jia.
Beijing-based Oriental Yuhong has used the average export price was US$3217/t, com, an interior design platform that allows
its 2016 investment in German firm DAW according to the China Customs. Its data homeowners to pick their paints and price
(Deutsche Amphibolin-Werke SE) to increase shows imports coming especially from the job online. n
its consumer facing business: its ‘De Ai’ Germany, South Korea and Japan – 19.8%,
brand (the name is a play on the Chinese 19.5% and 14.4% respectively of China’s
characters for ‘Germany’ and ‘love’), was coatings imports in 2019. The top three
named on a list of 500 top suppliers to the destinations for Chinese exports were For more information, contact:
Chinese real estate development sector Hong Kong, Vietnam and Panama, with Keith Nuthall, International News Services
Website: www.internationalnewsservices.com
collated in 2020 – the ‘Best 500 of China Real export volume accounting for 16.9%,
Tel: +44 (0)207 193 4888
Estate Developers Preferred Brand’ award. 8.9% and 6.2% respectively. Exports areMARKET REPORT
Dr Terry Knowles looks at three reports that all highlight how
construction is driving growth in the coatings industry
Construction continues
to drive demand
• Increasing infrastructure expenditure • Above-average growth for polyolefin
Author bio: Dr Terry Knowles has been in developing countries, particularly in elastomers (POEs) and thermoplastic
writing and editing information for the areas such as roads and bridges; polyurethanes (TPUs) (Figure 2).
paint, coatings and ink industries for 23 • Growing DIY activity in mature Almost all of the regions that the report
years and is now the editor of The Palette economies, including the USA; covers are expected to witness slower
Newsletter – a brand-new monthly • Recovery of the automotive sector growth over the period 2019-2024 when
publication with a business slant, serving following the collapse during the compared to 2014-2019. Eastern Europe
all parts of the coatings chain. For more pandemic period, thereby increasing is the exception, where growth of just
information and a free trial, email Terry OEM coatings demand but also with more than 3%/yr is anticipated in the
at editor@thepalettenewsletter.com or emphasis on the refinish segment, near term. Central and South America,
contact/follow on Twitter: @newspal2 which may reflect affordability struggles the Asia Pacific and MEA regions are all
Email: paintwriter@gmail.com in household spending, post-pandemic. expected to show faster growth than this
Overall growth in the market is (typically 3-4.5%/yr) and North America
A
fter some time away from coatings- envisioned at an average rate of 2.7%/ and Western Europe slower growth in
related topics, The Freedonia yr for the period 2019-2024. The split of comparison. In fact, Western Europe offers
Group has recently published the entire market places architectural the slowest growth of all.
two new global studies of interest to coatings at 54% of the total, as seen in
the coatings sector and its suppliers: Figure 1. n IRON OXIDE PIGMENTS
Global Paint & Coatings – 7th Edition The top six companies in the paint
and Global Thermoplastic Elastomers and coatings sector (Sherwin-Williams, In April, Grand View Research published
– Adhesives, Sealants and Coatings. A PPG Industries, AkzoNobel, Axalta a new report on the global market for iron
third global study, which is from Grand Coatings Systems, BASF and Nippon oxide pigments and it values said market
View Research, is also included in this Paint) are deemed to account for just more at US$2.2bn in 2020. It is expected to
column and it covers the demand for iron than a quarter of all sales of paints and expand at a CAGR of 4.7% across the
oxide pigments. coatings globally. forecast period 2021-28. The rapidly
In Freedonia’s global paint and coatings In the company’s study for growing construction industry in emerging
study, the main trends that will shape thermoplastic elastomers that delves nations will be the key growth factor
short-term growth in the global paint and into the adhesive, sealant and coatings for the sector. Moreover, the growing
coatings market until 2024 are as follows: segments, the collective outline for growth utilisation of iron oxide pigments in the
• Improving living and housing has some similarities. They are: coatings industry owing to their excellent
standards in the Asia Pacific region; • Growth in the construction sector dispersibility and high strength, which
• Interest in the rapidly developing around the world; make them suitable for use in formulations
countries of south east Asia – including • Greater penetration of thermoplastic for extreme atmospheric and weather
Indonesia, Thailand, the Philippines elastomers in the Asia Pacific region conditions, is expected to propel their
and Vietnam which are benefiting from for use in tapes and labels; consumption even further.
investment from North American and • Rising demand for personal hygiene The synthetic iron oxide pigment
Western European companies; products in China and India; segment leads the market and >16
Figure 1. Source: Freedonia Group Figure 2. Source: Freedonia Group Figure 3. Source: Grand View Research
14 APCJ • May 2021
www.coatings-group.comYou can also read
