Global opportunities for water-borne coatings
Global opportunities for water-borne coatingsKeywords: Irfab Chemical Consultants, Coating, Water-based
By the year 2010, penetration of water-borne industrial coatings will reach a level of over 30 per cent according to a new study by Irfab Chemical Consultants. The European water-borne industrial coatings industry was over 500,000 tonnes in 1999 and will reach the 1 million tonnes mark by the year 2010. Overall, the penetration of water-borne coatings in the industrial paint sector is currently around 20 per cent. When considering individual market segments, penetration varies from 3 per cent to 70 per cent. Irfab reports that there is still plenty of room for increased penetration of water-borne coatings in the world paints arena. The CAGR of water-borne coatings will outpace that of the overall industrial coatings industry by at least four times. Selected market segments will experience a CAGR of 15 per cent. Penetration of water-bornes in the general metal industrial sector will double by the year 2010. Selected industrial coatings sectors, having low penetration of 3 per cent in 2000, will reach up to 15 per cent by the year 2010 at the expense of solvent-borne paints and other, what may by then be considered, non-environmentally-friendly systems. The study also covers an in-depth analysis of the competitive technologies to water-bornes, including powder coatings and radiation curables.
Leading multinational companies and SMEs are heavily involved in developing global strategies to exploit renewed growth in the water-borne coatings arena. The study, based on primary research, includes exhaustive analysis of these strategies, and the benchmarking of the major coatings companies. The study also covers the new developments in environmentally-friendly water-borne products of the architectural and decorative paints sector, including high gloss, silicone,alkyd emulsion paints amongst others.
Architectural, automotive OEM vehicle refinishing, wood finishes, plastics coatings, can and coil coatings, protective and marine coatings, ACE, commercial transport and several other market segments are carefully studied for supply and demand of the main water-borne resin systems analysed, which include: acrylics,epoxies, alkyds/polyesters, polyurethanes (PUDS, 2K-PU), alkyd emulsions, etc.
These are among some of the striking conclusions presented in the strategic market and technology assessment study "Water-bornes 2000 – Trends in Water-borne Coatings 1999-2009 – Looking for New Markets", conducted by Irfab Chemical Consultants (http://www.irfab.com),and sponsored by major chemical, paint, powder coatings, resin, additive and pigment manufacturers worldwide.
The report contains detailed forecasts by market segment for the years 1999,2000 and 2009.
In 1995 Irfab published the study "New Technology Products in Surface Coatings W. Europe 1994-2004", which is believed to be the accepted standard used by the paint and coatings industry. Other recent studies were "Powder Coatings 1998-2008 – Is Past Growth Sustainable? – A Global Comparison?", "DataCoat – European Coatings Relational Database"and "New Technology Products in Surface Coatings Japan 1992-2000". These historical analyses are now followed by "Water-bornes 2000" which builds on Irfab's databases and current research to present the most reliable source of intelligence for the European water-borne coatings industry.
Resin, chemical intermediates and additive manufacturers have been developing novel raw materials for water-borne paints and coatings. Reportedly, pigment manufacturers are lagging behind in the development of products for water-borne coatings applications (and also for powder coatings). This study will be an important, strategic and development tool for this kind of industry. This report is thought to be a document for decision makers: general managers, corporate planning officers, responsible for business development, marketing and sales,product management, R&D and purchasing managers and provides tools for strategic decision making to identify untapped opportunities and explore new geographical markets.
Details available from Irfab Scrl. Tel: +32 265 73585; Fax: +32 265 79021;E-mail: franco.busato@irfab.com.
