Polyester Coatings Market – Market Overview
Polyester Coatings are the special type of the costing which are easily application in the respected to application area and possess excellent physical and chemical properties. These coatings further exhibits range of properties which made them favourable for the use in various end use industries. Consequently their overall application scope includes automotive, construction, paints & coatings, aviation, and other industries. Incising scope of the powder coatings in automotive industry is considered as the primary growth factor. In addition low product cost, relatively high efficiency and other features are the additional growth supporting factors.
Regional Overview
Asia Pacific holds major shares in this market followed by North America and then Europe. Consistently growing demand for Polyester Coatings from the major end use industries including automotive, construction, aviation, paints & coatings, and others is major reason for the growth of this market. Industrial expansion in this region has set to enhanced consumption of the Polyester Coatings and likely to continue the similar trend.
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Polyester Coatings Market- Competitive Landscape
Major players in Global Polyester Coatings Market are BASF SE, DuPont, Momentive, The Dow Chemical Company, Huntsman Chemical Company, 3M, PPG Industries Inc,. Axalta Coating, AkzoNobel and others. Majority players listed in this market are important chemical industry leaders and are significant shareholders. Therefore, the degree of competition observed in this market is getting higher year by year. At same time, industry players are adopting acquisition, product launch, capacity expansion and joint venture as a main market strategies to increase their geographical presence and to exploit the growth offered by this industry.
Industry/ Innovation/ Related News:
December 20, 2017 – BASF and Sinopec joint venture has expanded the production capacity of polyester production in China. A 50-50% joint venture in Nanjing, China will undweatke the production capacity. Prior to this expansion development plant was capable of producing polyester intermediate 40,000 metric tonnes, and with additional capacity the overall production will be doubled to 80,000 metric tons. To cater increasing demand from various economies of the Asia Pacific, the production took place. Polyesters coatings demand may take momentum with this additional expansion. Apart from this, along with this expansion activity BASF and Sinopec likely to develop many of the collective development to approach the ongoing demand.
November 27, 2017 – Global nutrition, health, and material leader Royal DSM announced the significant investment in their German based plant in the costing resin product segment. The plant is specialized in the production of the liquid polyester and other specialty resins. The capacity expansion expected to undertake anticipated growth specifically in the can and coil coatings segment owing to shift of the epoxy based packaging coatings towards the BPA free solutions. With this investment Royal DSM will be able to provide improved market demand and undertake additional growth. It altogether expected to push demand for polyester coatings due to increased demand for polyester resins.
November 9, 2017- Gabriel Performance products completes theacquired of Ranabar Electrical Materials. They know for the custom manufacturing of specialty resins, varnishes, and coatings materials largely used in the industrial coatings, steel, electrical, motor, and other industries. They have a wide product portfolio and established distribution network. Therefore acquisition of Ranbar expected to help Gabriel Performance products to establish their polyester coating products. As per stated by one of the board members of Gabriel Performance products, addition of the Ranbars products to our portfolio will help to provide a broader array of product and services to the coating industry.
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February 28, 2017- Avery Dennison Corpo. Completes the acquisition of the Hanita coatings pressure sensitive material producer of specialty films. Hanita manufactures and develops coated laminates and metallized polyester films for a range of coating applications. They have a strong regional operation in the U.S., Germany, China and Australia which will be an added benefits for Avery Dennison copr to cater their product and solution to consumers. After this acquisition Hanita coatings will be known as an Avery Dennison Hanita and continue their business operations.
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