New Report Claims World Thermoset Powder Coatings Market 50,000 Tonnes Higher Than Generally Assumed

20-Sep-2002
Brussels Sept. 19, 2002 - The 2001 global thermosetting powder coatings market of over 900,000 Tonnes (2.0 billion Lbs) is valued at approximately EUR 3.6 billion (US$ 3.6 billion). Europe leads the way with approximately 43%, Asia 26%, North America with 23% and the rest of the world with 8%. 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 Million Tonnes (2.2 billion lbs) mark. Polyester-epoxy hybrids dominate the Powder Coatings industry, followed by polyesters, epoxies, polyurethanes and acrylics. Average country or regional prices across the board vary considerably, from highs of 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. The study "POWDER COATINGS EUROPE 2001-2010 - A GLOBAL COMPARISON: EUROPE, AMERICAS AND ASIA" covers more than 50 countries and 200 manufacturing sites, globally.

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