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Asia Resins Report Details Growth, Trends

Thursday, August 5, 2010

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While performance and other considerations impact new coatings technology, environmental compliance is the chief factor driving current development, a new analysis finds.

“Manufacturers have developed a variety of coatings technologies, which differ in final product attributes,” says the report by market researchers Frost & Sullivan . “These technologies vary according to the substrate, curing conditions and method of application.

“Resin manufacturers need to carefully consider the type of resin that is best suitable with the differing technologies in order to maximize on resin properties and final product output.”

The report, "Strategic Analysis of the Asia Pacific Coating Resins Industry," published earlier this year, probes the current and future trends of the Coating Resins market in Asia Pacific from 2003 to 2013. In this study, the base year is 2008, and the forecast period is from 2009 to 2013.

The report examines key technologies for coating resins by four principle categories: solvent base: low/medium solids (conventional) and high solids; water based; powder coatings; and radiation curing. Definition, benefits, disadvantages, growth drivers, application areas and future trends are detailed for each.

Among the highlights noted:

• Solvent Based (Conventional Solids)

Future trends include new resins, higher-functionality resins, a shift to higher solids, and newer formulations such as water-reducible solvent resins.

Growth drivers include the cost and reliability of conventional coatings and traditional applications, as well as reluctance by most end users in Asia to switch, due to lack of awareness and enforcement on environmental concerns.

• Solvent Based (High Solids)

Future trends include changes in handling and application methods.

Growth drivers include the desire or mandates for lower VOC and HAP emissions, as well as new spray equipment that can handle the viscosity issues of these coatings.

• Water Based

Future trends include hybrid and modified resins that offer added functionality and increase resistance to wear and tear. This is already the fastest-growing technology, especially in the area of decorative coatings.
Growth drivers include environmental and consumer concerns over solvents and increased functionality of newer formulations.

• Powder

Growth drivers include demands for less solvent use, less waste, cost efficiency, maximum productivity, and development of new formulations and technological advances in equipment and processes.

Future trends include low-temperature-curing resins for heat-sensitive substrates; development of new equipment and curing methods, such as IR curing; and new application methods such as in-mold powder coating.

• Radiation Curing

Growth drivers include recyclability of radcure coatings, very low VOC production in solvent-based systems, low waste, cost efficiency, development of new formulations, and advances in equipment and process.

For more information, see www.frost.com.

   

Tagged categories: Coatings technology; Market research; Powder coatings; Radiation-cure coatings; Resins

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