Worldwide demand for powder coatings has increased over the last few decades, due in part to their lower environmental impact when compared to other coatings.
Coating formulators are reducing solvent content to comply with more stringent environmental regulations on VOC emissions, constraining the performance of new protective and marine coatings.
Market research firm Frost & Sullivan predicts that the global chemicals market will grow at a CAGR of 4.6 percent from 2012-2015 with Asia as the fastest growing region in the world.
The Asia-Pacific marine coatings market is expected to witness steady growth owing to robust development of the shipbuilding and offshore engineering industries in the region.
A new report by research firm MarketsandMarkets predicts that the renewable chemicals market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7 percent from 2013 to 2018.
It is July and along with barbeques and fireworks, it’s time for PCI’s annual listing of the top 10 global and the top 25 North American coating companies.
According to statistics from the China Association of Automobile Manufacturers, China’s automobile production volume and sales volume in 2011 was 18.4189 million units and 18.5051 million units respectively, increasing by 0.84 percent and 2.45 percent.
U.S. manufacturers are targeting an aggressive 1.5 percent reduction in cost of goods sold (COGS) for 2013 in an effort to drive margin growth, according to a new study from The Hackett Group Inc.
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