Study: Powder Coatings Offer Enormous Global Opportunities

29-May-2002

powder coatings Offer Enormous Global Opportunities for coatings Manufacturers, Raw Material Producers and Application Equipment Constructors BRUSSELS, Belgium, May 28 - The 2001 global thermosetting Powder Coatings market of over 900,000 Tonnes is valued at approximately EUR 3.6 billion (US$ 3.2 billion). Europe leads the way with approximately 43%, Asia 26%, North America with 23% and the rest of the world with 8%. Penetration of powder coatings differs by country and Region from 4% up to 15%. With growth rates that vary by region from 4,5 to 10% and more per year, by the year 2003, the global powder coatings market will reach the one Billion Tonnes (2.2 billion lbs) mark. Average country or regional prices across the board vary considerably, from highs of approximately EUR 6.40/kg to EUR 2.30/kg. In certain areas prices are in free fall. These are some of the striking conclusions from a strategic market and technology assessment study conducted by Irfab Chemical Consultants (http://www.irfab.com/), sponsored by major Chemical, Paint and Powder Coatings companies world wide, with the title "POWDER COATINGS EUROPE 2001-2010 -- A GLOBAL COMPARISON: EUROPE, AMERICAS, AND ASIA", covering more than 50 countries and 200 manufacturing sites, globally. After the turmoil in the global markets during 2000-2001, Irfab recognised the need to re-appraise some of the more important market segments. In compiling this report, great attention has been given to the correct 2001 data input. This has resulted in a true and realistic situation and forecast of growth in this global market to the year 2010. The study deals a.o. with low-temperature and radiation curing powders e.g. on wood and other temperature-sensitive substrates, thin-film technology, high speed continuous coil coating, pre-cut metal blanks, and automotive OEM. The study provides key market information by country, by application segment, by type of chemistry, consumption of raw materials, novel TGIC replacement curing agents and Company profiles -- both powder coatings manufacturers and raw material suppliers. This study bears all the usual trade marks of an Irfab report, not least in the innovative way it informs the reader, allowing for concise and accurate forward planning by industry leaders in global markets. The report is a worthy document for corporate business and R&D decision- makers. Irfab Chemical Consultants is an international and global marketing consultancy company, since 30 years involved exclusively in market assessment and long-term technology forecasting in the Paint and Coatings sector and related raw materials. The study follows a series of successful multi-client studies: "Waterborne Coatings Europe 1999-2009", "Powder Coatings in Europe 1998-2008", "New Technology Products in Surface Coatings Western Europe 1994-2004'', "DataCoat (R) European Coatings Relational Database", "New Technology Products in Surface Coatings Japan 1992-2000".

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