The high performance pigments (HPP) and special effects pigments market has had a rough few years. The recent economic downturn, declining U.S. housing starts and automobile crisis have had an undeniable impact on the HPP market, but there are indications that this trend is reversing. HPPs have experienced increased demand in China and other emerging regions, where automotive and consumer goods production and consumption are booming. HPP manufacturers Coatings World spoke with have reported a rebound and hope that this upswing will continue.
Also if you plan on heading to Guangzhou this year for CHINACOAT 2010, you’ll want to check out the preview in this issue. Since its inception in 1996, CHINACOAT has become the key event for coatings, printing inks and adhesives suppliers who wish to enter, expand and consolidate their positions in the Chinese market. Despite the global financial crisis, China’s coatings industry continues to grow. According to CHINACOAT organizer Sinostar, China’s coatings output value in the first half of 2009 was worth RMB 78.142 billion (~$11.5 billion), an increase of 3.6% over the same period of 2008 and its sales value was RMB 76.05 (~$11.2 billion), an increase of 3.2% over 2008.
With 700+ exhibitors from 25 countries and more than 25,000 anticipated visitors, as well as a comprehensive series of technology exchange programs, CHINACOAT 2010 will again serve as a global meeting place for the paint and coatings industry across the world from September 27-29.