Chemical Economics Handbook Paint and Coatings Industry Overview. 17 April 2017 ihs.com

Transcription

1 IHS CHEMICAL Chemical Economics Handbook Paint and Coatings Industry Overview ihs.com Abstract The coatings industry is one of the most heavily regulated industries in the world, so producers have been forced to adopt low-solvent and solventless technologies in the past 40 years, and will continue to do so. The number of coatings producers is large, but most are regional producers, with only 10 or so large multinationals. Most of the large multinationals have expanded operations in fast-growing areas like China. The most noteworthy trend has been consolidation, especially among the largest producers. After a decade of steady growth, production in Asia accounts for 50 55% of the total. Production and consumption are nearly identical in each country, as trade is limited to relatively small quantities of high-value product. Generally, coatings grow in tandem with the economy, so growth will continue to focus on the developing world. The following pie chart shows world production of paints and coatings: World production of paints and coatings 2016 Africa CIS Japan South Korea Other Middle East Central/South America China Other Asia India Source: IHS North America Europe The major change that has taken place in the coatings industry during the last 40 years has been the adoption of new coating technologies. These new coating technologies include waterborne (thermosetting emulsion, colloidal dispersion, water-soluble) coatings, high-solids coatings, two-component systems, powder coatings, and radiation-curable coatings. Coatings provide two primary functions decoration and protection that are of considerable economic importance. About 45% of the coatings produced worldwide are used to decorate and protect new construction as well as to maintain existing structures, including residential homes and apartments, public buildings, and plants and factories (referred to as architectural or decorative coatings). Another 40% of the coatings are used to decorate and/or protect industrial products (called product finishes ). Without coatings, product lives might be shortened drastically and many products would not even be marketable. Most of the remaining coatings, called special purpose, are used for miscellaneous applications such as traffic paints, vehicle refinishing, high-performance coatings for industrial plants and equipment, and protection of marine structures and vessels. These are usually applied outdoors in ambient conditions. Contacts Koon-Ling Ring Koon-Ling.ring@ihs.com Maria deguzman Maria.deguzman@ihs.com IHS CHEMICAL COPYRIGHT NOTICE AND DISCLAIMER. For internal use of IHS clients only. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable, but its accuracy and completeness are not warranted, nor are the opinions and analyses that are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage, or expense incurred by reliance on information or any statement contained herein. In particular, please note that no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any projections, forecasts, estimates, or assumptions, and, due to various risks and uncertainties, actual events and results may differ materially from forecasts and statements of belief noted herein. This report is not to be construed as legal or financial advice, and use of or reliance on any information in this publication is entirely at client s own risk. IHS and the IHS logo are trademarks of IHS.

2 The coatings industry in the United States, Western Europe, and Japan is mature and generally correlates with the health of the economy, especially housing, construction, and transportation. Overall demand from 2016 to 2021 will increase at average annual rates of 3% in the United States and 2% in Western Europe. In Japan, however, consumption of coatings will experience relatively slow growth during this period, as a result of the lack of growth in major markets such as automotive OEM, machinery, and appliances. In emerging countries, coatings are growing at a much faster rate. The best prospects for growth are in China (6 7% average annual growth in the near future), India (6.6%), Iran (4 5%), Poland (4%), and Saudi Arabia (3 4%). Total global growth should be about 4% per year. On a value basis, it is likely that growth will be even higher as a result of increased production of relatively higher-valued coatings. Most of the major multinational coatings producers, including PPG, Akzo Nobel, Kansai Paint, Nippon Paint, BASF, Axalta (formerly DuPont s automotive coatings), Chugoku Marine Paint, Valspar, Sherwin-Williams, and Hempel, have production in China. The multinational producers should gain even more presence in the developing world as living standards increase and per capita consumption of coatings rises. Demand in Asia continues to rise faster than elsewhere in the world, and the region now accounts for 50 55% of global consumption on a volume basis. Through the next five years, air pollution regulations will continue to be a driving force behind the adoption of new coating technologies. Despite the overall relatively slow growth in demand anticipated for coatings, waterborne and highsolids coatings, powders, UV curables, and two-component systems appear to have good growth prospects. In general, environmental regulations are becoming more stringent in all regions to limit emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs), not only in the industrialized world, but also in developing countries like China. The coatings industry is one of the larger consumers of solvents, which are mostly derived from petrochemical feedstocks and refinery operations. The coatings industry also uses a considerable quantity of nonpetrochemical feedstocks, such as pigments and additives, which are not very dependent on crude oil and gas prices. The nonpetrochemical portion of the feedstocks is approximately one-third, on a volume basis. One new area of interest is nanotechnology, with tens of thousands of patents issued already just for the coatings industry. Very small ceramic or metallic particles can be added to paint formulations to modify specific properties (e.g., scratch, mar, wear, corrosion, and UV resistance) in highly specialized applications. The average size of nanoparticles is nanometers, consisting of less than 6.5 million atoms. At these sizes, the ratio of surface area to mass becomes significant, giving the particles unique properties. For example, at 2 nanometers, the conductivity of metal particles changes and at 20 nanometers, the transparency of ceramic particles changes. At 20 nanometers, particles of gold turn red and their plasticity disappears. Some of the futuristic applications are nanotubes for electrically conductive coatings and to increase the speed of reaction of thermosetting resins; organosilane dendrimer coatings; buckyball coatings for machine parts; and metals for conductive coatings in inks. The technology is limited mainly to highly specialized applications because of the high cost per unit volume needed to reduce the size of particles and the need to add surface modifiers to keep the particles from agglomerating. Recent research efforts have been focused primarily on functionalizing the particle surface of the nanoparticles to make them more compatible with the coating resin systems, so that easy dispersion, low viscosity, and covalent bonding between the particles and resins are achieved. 2

3 Contents Executive summary 6 Summary 7 Industry status 12 Introduction 21 Manufacturing processes 22 Technology 24 Environmental issues 28 Supply and demand by region 37 United States 37 Raw materials 37 Producing companies 38 Production 40 Consumption 42 Architectural coatings 43 Product finishes 48 Powder coatings 48 Automotive 49 Wood furniture and fixtures 51 Metal containers 52 Coil coatings 52 Agricultural, construction, and equipment (ACE) 53 Wood and composition flat stock 54 Special-purpose coatings 54 High-performance maintenance and marine paints 54 Vehicle refinishes 56 Highway and traffic markings 57 Price 57 Trade 60 Canada 61 Mexico 66 Central and South America 70 Brazil 71 Other South America 75 Europe 76 Raw materials 76 Producing companies 78 Salient statistics 79 Consumption 80 Architectural coatings 80 Product finishes 81 Wood coatings 82 Automotive OEM 82 Powder coatings 82 Coil coatings 82 IHS CHEMICAL COPYRIGHT NOTICE AND DISCLAIMER. For internal use of IHS clients only. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable, but its accuracy and completeness are not warranted, nor are the opinions and analyses that are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage, or expense incurred by reliance on information or any statement contained herein. In particular, please note that no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any projections, forecasts, estimates, or assumptions, and, due to various risks and uncertainties, actual events and results may differ materially from forecasts and statements of belief noted herein. This report is not to be construed as legal or financial advice, and use of or reliance on any information in this publication is entirely at client s own risk. IHS and the IHS logo are trademarks of IHS. 3

4 Special-purpose coatings 83 Anticorrosion coatings 83 Vehicle refinishes 84 Western Europe 84 Salient statistics 84 Finland 86 France 87 Germany 89 Italy 90 Netherlands 92 Norway 94 Spain 94 Sweden 95 Switzerland 96 United Kingdom 96 Consumption 98 Architectural coatings 98 Product finishes 102 Wood furniture, flooring, and fixtures 102 Automotive OEM 103 Powder coatings 105 Coil coatings 105 Metal containers 106 Special-purpose coatings 106 Anticorrosion coatings 106 Vehicle refinishes 107 Traffic paints 107 Price 108 Trade 114 Central and Eastern Europe 115 Salient statistics 115 Czech Republic 116 Hungary 117 Poland 117 Romania 118 Slovakia 118 Slovenia 118 Consumption 119 Architectural coatings 119 Product finishes 121 Wood furniture, flooring, and fixtures 121 Automotive OEM 121 Powder coatings 122 Coil coatings 122 Anticorrosion coatings 122 Commonwealth of Independent States (CIS) 123 Russia 123 Producing companies 123 Consumption 124 Architectural coatings 125 Automotive 125 Wood coatings 126 Anticorrosion coatings 126 Powder coatings 127 4

5 Coil coatings 127 Trade 127 Other CIS countries 127 Azerbaijan 127 Belarus 127 Georgia 128 Kazakhstan 128 Ukraine 128 Middle East 129 Bahrain 129 Iran 130 Israel 131 Jordan 131 Lebanon 131 Oman 131 Qatar 131 Saudi Arabia 131 Turkey 133 United Arab Emirates (UAE) 136 Yemen 137 Africa 137 Algeria 137 Angola 137 Cameroon 137 Egypt 137 Ethiopia 138 Ghana 138 Kenya 138 Libya 139 Morocco 139 Mozambique 139 Namibia 139 Nigeria 139 South Africa 140 Tanzania 141 Tunisia 142 Uganda 142 Zambia 142 Zimbabwe 142 Japan 142 Raw materials 142 Producing companies 143 Salient statistics 148 Consumption 150 Architectural 152 Automotive OEM 154 Primer 155 Primer-surfacer 155 Base coat 156 Clear coat 156 Bumper coating and interior coating 156 Functional 156 Automotive refinish 156 Marine 157 5

6 Metal products 157 Can coatings 158 Powder coatings 158 Heavy-duty maintenance coatings 158 Machinery/railroads 159 Wood finishes 159 Other 159 Price 159 Trade 164 China 165 Raw materials 165 Producing companies 166 Salient statistics 173 Consumption 174 Architectural 175 Industrial 176 Protective/marine/container 177 Marine coatings 177 Container coatings 177 Wood finishes 178 Powder coatings 179 Automotive 179 Automotive refinishing 181 Coil coatings 181 Metal containers 182 High-speed rail 182 Highway and traffic markings 182 Trade 183 India 183 Producing companies 183 Salient statistics 187 Consumption 189 South Korea 190 Producing companies 190 Salient statistics 192 Consumption 194 Taiwan 196 Other Asia 197 Indonesia 200 Malaysia 200 Philippines 201 Singapore 201 Thailand 201 Vietnam 203 Miscellaneous 204 Oceania 204 Bibliography 208 6

7 IHS Customer Care: Americas: IHS CARE ( ); Europe, Middle East, and Africa: +44 (0) ; Asia and the Pacific Rim: ;