High-performance paint is a kind of surface used to enhance the physical properties of the varnish, can improve the surface of the object on the water, temperature and other environmental factors.
According to Transparency Market Research, due to the stability needs of many end-use industries, the paint market in the next few years may show steady growth. In 2017, the high global performance coatings market was valued at $ 7.91 billion, and by 2022 the market is expected to rise to more than $ 10.2 billion, up 5.2% year on year.
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End-use industry demand is the main driving force
The global high performance paint market has become a key part of the global manufacturing growth. The steady growth of materials science is important for the global high-performance coatings market because it provides a relaxed and innovative channel for the market. Government support for the industry and private investment are likely to ensure a steady growth in the paint market.
The main driver of the global high-performance coatings market is the broad range of applications – such as consumer goods, automotive and aerospace, and is a major contributor to the market. The enhanced functionality provided by high performance coatings is critical in the manufacturing industry and may remain a key driver of the global performance coatings market.
The marine and power industries are likely to be critical to the coatings market in the coming years. The power sector is becoming more solid in the global economy, and it has been one of the preferred users of performance coatings to better protect wires and other electrical instruments. At the same time, the development of the power sector to provide users with more reliable services, but also lead to the global performance of the paint market demand.
Advances in power infrastructure, rising demand for alternative energy sources such as solar energy will also drive demand for high performance coatings. According to BNEF, 2016 global solar demand is about 70,000 megawatts, by the end of 2016 rated capacity of 160,000 megawatts. Least developed countries want solar energy to replace other high-cost energy demand is growing, which has become a key factor in the development of coating industry.
Various types of resins for the preparation of high performance coatings include epoxy resins, polyurethanes, polyesters and acrylic resins. Epoxy resin is the leading resin in the global performance coatings market. The business reached $ 2.92 billion in 2017, accounting for 37% of the global performance coatings market.
Europe will become another strong global market competitors
Geographic location, the global high-performance coatings market is divided into Japan in addition to the Asia-Pacific region, Europe, North America and the Middle East. Among them, the Asia-Pacific region other than Japan may still be a major regional contributor to the global high-performance coatings market, accounting for more than 30% of the global market during the 2017-2022 forecast period. By 2022, APEJ showed that the paint market would reach a valuation of $ 3.48 billion, with a compound growth rate of 6.2%. Japan may also be strong in the global high-performance coatings market to maintain strong competitiveness, by 2022, the region’s valuation will reach 1.12 billion US dollars, 2017-2022 forecast during the compound annual growth rate will reach 5.6%.
As a result of the resumption of manufacturing in Europe, the region has become another leading competitor to the global high performance coatings market. Europe’s high-performance coatings market is expected to reach $ 2.21 billion by 2022 and a compound annual growth rate of 4.5% during the 2017-2022 forecast period. The growth of local manufacturing centers in the United States has also driven the huge demand for high-performance coatings in North America – possibly from $ 1.58 billion to $ 1.98 billion during the 2017-2022 forecast period.
Throughout the world paint giant recent performance
Such as Akzo Nobel NV, Masco, Haihong Elder A / S, Jordan A / S, Valspar Coatings, Ashley Coatings, Nippon, BASF SE, PPG and other leading companies led the global coatings Market performance; and regional cooperation among industry participants may also be the next few years a feature of high-performance coatings market.
PPG: net profit of 835 million US dollars, an increase of 14.13%
July 20, PPG released 2017 mid-year report. Net sales during the reporting period were $ 7.292 billion, an increase of 1.36%; net profit was $ 835 million, an increase of 14.13%. Among them, high-performance coatings sector sales of 43.18 billion US dollars, down 1.35%; segment revenue of 69.8 billion US dollars, down 1.27%. Industrial coatings sector sales of 2.974 billion US dollars, an increase of 5.31%; segment revenue 537 million US dollars, down 3.59%.
Xuanwei: net profit of 558.3 million US dollars, an increase of 2.74%
July 20, Sherwin-Williams released the mid-2017 report. Net sales for the reporting period were $ 6.497 billion, up 10.83% year on year; net profit was $ 558.3 million, up 2.74% year-on-year. Among them, the Americas Group net sales of 43.894 billion US dollars, consumer brand group net sales of 859.8 million US dollars, high-performance coatings group net sales of 1.245 billion US dollars.
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Akzo Nobel: net profit of 541 million euros, down 2%
On July 25, Akzo Nobel (AkzoNobel) released 2017 mid-year report. During the reporting period, sales revenue was 74.46 euros, up 4% year-over-year; EBIT was 837 million euros, up 1% year-over-year; net profit was € 541 million, down 2% year-on-year. (Note: net profit includes special chemicals business)
Nippon: net profit of $ 137.9 million, an increase of 19.4%
August 8, Nippon Paint (Nippon Paint) released 2017 mid-year report. During the reporting period, sales revenue was 291.55 billion yen, equivalent to 2.605 billion US dollars, about 17.646 billion yuan, an increase of 14.5%; operating profit of 35.49 billion yen, down 5.4%; net profit of 15.45 billion yen, About $ 137.9 million, an increase of 19.4%.
Ashley: net profit of 47 million US dollars, down 44.77%
August 3, Axal (Axalta) released in mid-2017 mid-year report. Net profit for the reporting period was $ 2,063.6 million, up 3.6% year-on-year; EBITDA was $ 305.1 million, down 17.14% year-over-year; operating income was $ 157.4 million, down 38.13% year-on-year. Net profit of 47 million US dollars, down 44.77%.
BASF: sales revenue of 1.997 billion euros, an increase of 30%
July 27, BASF (BASF) released in mid-2017 mid-year report. During the reporting period, the BASF coatings business sales revenue of 1.997 billion euros, an increase of 30%. Among them, the functional materials and solutions sector operating profit of 948 million euros, down 4%.
Ripa Mai: net profit of 182 million US dollars, down 48.74%
On July 24, Rampa (RPM) released its fiscal year 2017 (as of May 31, 2017), with revenues of $ 4.958 billion, up 3% year-on-year and net profit of $ 182 million US dollar, down 48.74% year on year.
Masco: net profit of $ 323 million, an increase of 20.43%
July 27, Masco (Masco) released in mid-2017 mid-year report. In the report period, sales were $ 3.834 billion, down 2.95% year-on-year; operating profit was $ 610 million, up 6.72% year-on-year; adjusted EBITDA was $ 676 million, up 4.59% year on year; net profit was $ 323 million, 20.43%. Among them, building decoration products (paint) sales of 1.158 billion US dollars, an increase of 4%.
Kansai paint: net profit of 522.6 million US dollars, an increase of 16.2%
On August 9, Kansai announced a 2018 fiscal year Q1 (April 1 – 30, 2017) performance, with sales of 894.16 billion yen, up 11.1% year on year; operating profit To 8.772 billion yen, an increase of 3.2%; operating profit of 10.893 billion yen, an increase of 15.6%; net profit of 5.888 billion yen, or about 526 million US dollars, an increase of 16.2%.
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