PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Coatings Industry News

Main News Page


Report: Coatings Need Novel Solutions

Friday, July 26, 2013

More items for Coating Materials
More items from Europe; North America

Comment | More

Developing new technology for harsh environments will be key in the future of the protective and marine markets in North America and Europe, new research says.

The report, "Strategic Analysis of the Protective and Marine Coatings Market and the Resins Market," is from market research firm Frost & Sullivan.

marine coatings market
Sigma Coatings

New research on the protective and marine coatings and resins market shows revenue growth in North America slightly outpacing growth in Europe over the next four years.

"Overall, Europe is expected to experience lower growth than North America because of continued political and economic distress, lower infrastructure investment, and the impact of regulations such as the registration, authorization, and restriction of chemicals (REACH), which has completely changed the way U.S. companies export into the European market," said Roland Heinze, Frost & Sullivan Industry Analyst.

North America vs. Europe

According to the report's findings, the protective and marine coatings market will earn $2.03 billion in revenue in North America and $2.40 billion in revenue in Europe in 2013. This is expected to reach $2.40 billion in North America and $2.72 billion in Europe in 2017.

Resins for the protective and marine coatings market will earn $684 million in North America and $756 million in Europe in 2013, with revenue expected to reach $781.5 million and $826.5 million in 2017, respectively.

"Revenue growth in both markets has been relatively stable over the last three years, with prices rising to compensate for higher raw material costs and unit shipments decreasing because of a reduction in the amount of coating projects," Heinze said.

According to the report, the performance of new protective and marine coatings is being constrained by more stringent environmental regulations on volatile organic compound (VOC) emissions, which are requiring coating formulators to reduce solvent content.

While growth in oil and gas is expected to have a "positive feedback effect on the rest of the economy," the overall economic downturn is slowing the growth of coating maintenance and repair projects relative to gross domestic product (GDP) growth.

PPG Industries

According to the report, there are opportunities for innovation in the offshore industry and other extreme-temperature applications.

In both North America and Europe, debt is creating uncertainty for growth in all protective and marine coatings applications because governments have invested in several different markets, including oil and gas, water treatment, power generation and infrastructure.

Differences Across Industries

Industry participants in the research have moderate growth expectations. Both regions are expected to experience a shift in the distribution of coatings across applications such as water treatment and power generation because of expected growth in the oil and gas industry.

According to the report, there are opportunities for innovative development in crude overheads, offshore facilities, oilfields and other extreme-temperature applications because asset owners in these segments will be more likely to try out new solutions for dealing with corrosion in aggressive environments.

"Because hybrid coatings have considerable promise and are becoming a major area of interest for resaerchers, formulators prefer to work with multiple raw material suppliers to develop a wide range of coating systems," Heinze said.

"However, it is important to note that asset owners in the marine, natural gas, and infrastructure markets suggest that they are more risk averse and less willing to experiment with new solutions. They are satisfied with the traditional coating selections and require companies with new products to provide strong value propositions that are backed by data and statistical evidence before attempting to use them in the field," Heinze added.

The research is part of the Chemicals, Materials & Food Growth Partnership Services program at Frost & Sullivan.

For more information on the research, email Jeannette Garcia, Corporate Communications.

   

Tagged categories: Infrastructure; Marine Coatings; Market research; Offshore; Oil and Gas; Power Plants; Resins; VOC emissions; Wastewater Plants

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Carboline Company
 
Carboline launches new website!
 
The completely revamped website, offers quick and easy access to essential product information and is now mobile-friendly.
 

 
Novatek Corporation
 
Dustless Coatings Removal
 
Novatek Corporation, Dustless Coatings Removal Strip, clean and profile all dust free! Comply with new lead standards. Contact today: (866) 563-7800 www.Novatekco.com
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
ARC / A.W. Chesterton Company
 
Chemical Resistant Lining
 
ARC S7 is a sprayable, novolac vinyl ester based, ceramic particle reinforced, protective coating for high temperature, chemical exposures where erosive particulates and thermal cycling conditions may be present. ARC S7 can be easily applied by brush, roller or airless spray system.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
Sauereisen, Inc.
 
Substrate Repair Materials
 

Substrate Repair Materials and Filler Compounds

Sauereisen's full line of underlayments are the ideal substrate repair materials to restore structural integrity prior to the application of SewerGard©
 

 
US Minerals
 
Blast with the best
 
The most effective blasting media on the market, Black Diamond hits harder and cleans faster.
 

 
NLB Corporation
 
NLB Sure Shroud: Greater Protection and Flexibility
 
NLB’s Sure Shroud’s lighter weight and flexibility reduces operator fatigue and offers unmatched protection against high pressure hose ruptures. 10k to 40k psi rated.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us