Paint & Coatings Industry - April 2008 - (Page 12)

I NDUSTRY NEWS Demand For Coatings in Asia Continues to Grow WEST CALDWELL, NJ — According to the consulting firm of Kusumgar, Nerlfi & Growney, Asia consumed 9.7 mil- lion metric tons (21 billion pounds) of coatings in 2007, worth $28.7 billion. Volume is up 23 percent from 2004, while dollar value has increased by 40 percent. Coatings prices have risen T H E Patented blending/dispersing blade design makes radical improvement over old saw tooth designs ® Hong Kong. POLY STAINLESS Most efficient and aggressive blending/dispersing blade available. Provides proper combination of pumping action and shear/ dispersion essential for fast consistent results. Built in pumping action cuts processing time. Longer life due to heavier gauge construction. Less heat due to shorter required running time. Excellent for high or low speed and high or low viscosity. Supplied with hubs or mounting holes required to retrofit and upgrade present equipment. Pumping blades without teeth are available and are excellent for gentle blending and agitation. DESIGNERS AND MANUFACTURES OF INDUSTRIAL MIXING EQUIPMENT * * * * * * * * Since 1948 CONN CO., L.L.C. AND www.connblade.com FAX (814) 723-8502 Stirrers Or Complete Units For: PAINTS URETHANE FOAMS ADHESIVES SLURRIES INKS GROUTS CEMENTS ETC. . . . 11 SOUTH MARION STREET • WARREN, PENNA. 16365 • PHONE 814/723-7980 sr r TM Visit ads.pcimag.com 12 APRIL 2008 | W W W . P C I M A G . C O M only modestly in Asia, but the weakening U.S. dollar has given an additional boost to value. Some two-thirds of the tonnage increase is attributable to sharp gains in China. China is the largest user of coatings in Asia with 4.5 million tons, worth $11.6 billion, consumed in 2007. A robust 11 percent annual rate of growth is forecast. Japan holds second position with 14 percent of volume, but 21 percent of the dollars as higher-value coatings are consumed. Minimal growth is forecast for Japanese coatings. India is the third-largest coatings consumer in volume, with a 12 percent share, and is fourth in sales value behind South Korea with a 10 percent share. Coatings volume is expanding at a 12-percent yearly rate in India, which will shortly pass Japan in tonnage and South Korea in sales value. South Korea has a large industrial base, as is the case for Japan, and captures 12 percent of the Asian coatings sales value. Volume is projected to be up nearly 30 percent by 2010. Architectural is the largest coatings segment with 4.7 million tons, worth $10.2 billion, consumed in Asia in 2007. China and India are the largest architectural coatings outlets with two-thirds of the volume; both are growing at double-digit rates. Original Equipment Manufacturers (OEMs) comprise the second-largest segment with 3.1 million tons valued at $12 billion. China captures 43 percent of the dollars and is followed by Japan with a 27 percent share and South Korea with 13 percent. China also leads in the special-purpose coatings category http://www.connblade.com http://ads.pcimag.com http://WWW.PCIMAG.COM

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Paint & Coatings Industry - April 2008 Contents Viewpoint Industry News Calendar of Events Company News Mergers and Acquisitions Names in the News Snapshots of Success – Automotive Applications Designing UV-Curable Materials for High-Temperature Optical Fiber Applications The Future of UV Coatings is Now! Milling Media Review Part 1 – Bead Density Effect Preparation and Properties of UV-Curable Polyurethane Acrylate Resins for Metal Surfaces Conquering Color Harmony High-Performance PU Crosslinkers for Two-Component Waterborne Applications Decorative Film Laminates How Long Will the Gilding Glitter? Gaining a Competitive Advantage Using Benchmarking Supplier Showcase Materials Watch Products and Literature Classifieds Advertiser Index Automotive Color Trends New England Museum Solves Century-Old Vanderbilt Mansion Mystery

Paint & Coatings Industry - April 2008

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