Welcome Guest to Coatings World    Login || Register
Last Updated Wednesday, July 30 2014
Print

Kusumgar, Nerlfi & Growney publishes new report: "Global Paint & Coatings"



By Tim Wright



Published October 20, 2009
Related Searches: Architectural Coatings
According to the consulting, Kusumgar, Nerlfi & Growney (KNG), Elmwood Park, NJ/USA, global coating consumption is forecast to be off sharply in 2009 owing to the effects of the financial crisis and resulting worldwide recession. In its new report, "Global Paint & Coatings," KNG says consumption in 2009 is a projected 58.7 billion pounds valued at $88.4 billion. Volume is off six percent from the prior year and dollar value is down eight percent. Recovery of the global economy will give coating consumption an average annual increase of five percent in volume through 2014. In 2014 coating poundage is forecast to be up 30% over 2009 and dollar value up 26%. However, when compared to the prerecession year of 2008, poundage in 2014 is projected to be up 21% and dollar value 15%.

Architectural coatings are the largest coating segment with 57% of the global volume in 2009 and 40% of the value. Architectural coating volume is off five percent compared to 2008 and a six percent per year rate of growth is projected through 2014. Original equipment manufacturers (OEM) coatings are 28% of the 2009 poundage; volume is down ten percent over 2008 and dollar value down 13%. A six percent per year rate of growth is forecast through 2014 when OEM volume is projected to be up 31% over 2009, but only 17% when compared to 2008. Transportation applications had the sharpest declines in 2009. Special purpose coatings are 15% of the pounds; volume is down a modest two percent compared to 2008. Marine coating growth continued in 2009, but there are significant obstacles to future growth for these coatings. Special purpose coatings are forecast to grow four percent per year through 2014.

For more information contact Kusumgar, Nerlfi & Growney at 201-773-0785 or by email at nerlfikng@cs.com.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Sun Chemical Corporation Performance Pigments
5020 Spring Grove Avenue
Cincinnati, OH, 45232
USA
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Buhler Group (Nanotechnology)
13105 12th Ave. North
Plymouth, MN, 55441-4509

View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Follow Coatings World On