The Market for Coating Resins In Western Europe

The Market for Coating Resins in Western Europe

Keywords: Coatings, Resins, Emulsions

Information Research (IRL) is pleased to announce the publication of a completely new style of report for the coating resins sector, which examines the market for all of the major types of emulsions and coating resins including those for water- based, powder and radcure coatings. Efficiency within the coatings industry has already addressed the challenges of the solvent emissions directive and exhausted most of the growth opportunities attributable to technology substitution within the decorative sector to such an extent that most expect future growth in Western Europe to be in line with GDP (typically 1-2 percent pa), rather than being affected by positive market developments. The emulsion sector has witnessed a few changes with formulation bases; styrene acrylics being flexible and cheap have been particularly successful in Germany and Italy while PVA emulsions have been making gains in other parts of southern Europe as they are considered to offer good water- resistance. Pure acrylics represent an opportunity to target the premium market but since the decorative market functions on volume rather than price this may be a route few are prepared to take. In the gloss paint sector there is still some room for change as long as the culture of using solvent-based alkyds lingers but water-based acrylic glosses are well-established in parts of Europe, particularly Scandinavia. As with the industrial coatings sector, there is still a long road ahead for research into matching the performance of water- based coatings up to their solvent-based counterparts. In the liquid industrial coatings sector the main avenues open for development are the two paths of high solids and water-based coatings. There is a need for more research into the formulation of both types but within the water-based sector attractive areas are likely to be with water-based acrylics, epoxies and polyurethane dispersions (PUDs). Overall,the market for resins for liquid industrial coatings is expected to contract slightly, although the industry may consider producing for Eastern European markets where industrial coatings are in short supply and where there is –at least for the short term – greater laxity with regard to the formulations in use. This may help to offset a decline in alkyd resin consumption. The powder coatings sector, which consumes about 200,000 tonnes of powder coating resins, will also only show growth broadly in line with GDP. A combination of completion of technology substitution and declining manufacturing output in Western Europe makes the need for new developments and new markets particularly acute within the powder- finishing sector; the automotive sector is widely tipped as a future growth market. Some newer systems such as silicones,which boast supreme performance characteristics, may grow but these are still niche parts of the market. In the industrial coatings sector, the current split of the market by technology is as follows (Figure 1).

 Figure 1

Other than the shift to compliant and clean technologies, future trends across the industry are likely to include:

• formulation of decorative paints with less binder, cheaper binder and less other solids content;

• reduced additive content in both decorative and general industrial coatings;

• possible reconsideration of polyurethane use if cheaper alternatives are available, especially while raw material prices are high;

• the need for greater durability and reduced frequency of repainting;

• a move towards thinner films;

• better drying behaviour; and

• alternative cure mechanisms and technologies.

The challenges and opportunities surrounding new formulations go beyond the mere formulation stage. In both the decorative and industrial sectors there is a need for greater persuasion and education of the consumers into the acceptance of new technologies. Labelling, as part of the marketing process, will also play an important role in the cultivation of future coatings markets.

The contents of The Market for Coating Resins in Western Europe are:

• 1.

  Introduction

• 2.

  Executive Summary

• 3.

  Industry Review, 2001-2005

• 4.

  Products for the Decorative Sector

• 5.

  Resins for Liquid Industrial Coatings By Sector

• 6.

  Resins for Powder Coatings

• 7.

  Radiation Curable Oligomers

• 8.

  Analysis of the Market and Data Summary

• 9.

  Market Forecast

• 10.

  Directory of Resin and Emulsion Producers in Western Europe

The Market for Coating Resins in Western Europe (79 pages and 38 tables), which includes a directory of resin and emulsion manufacturers, is now available from IRL priced €2,000 for a single hard copy edition.

Sections of the report, priced individually, will soon be available to purchase online at our web site: www.informationresearch.co.uk

For more information on this report, please contact Terry Knowles at tknowles@brg.co.uk

Information Research (A Division of BRG UK Ltd), CP House, 97-107 Uxbridge Road, Ealing London W5 5TL UK. Tel: +44 (0) 20 8832 7830; Fax: +44 (0)20 8566 4931; E-mail: irl@brg.co.uk; web site: www.informationresearch.co.uk