Tim Wright09.11.06
For powder coatings manufacturers in the U.S. and Western Europe, gone are the days of double digit growth rates, which lured customers and attracted significant industry investment during the 1990s.
"Since the new millennium the powder coatings markets in North America and Western Europe have plateaued as metal product manufacturers drove costs offshore in order to remain competitive on the global stage," said Thomas P. Frauman, global marketing director, powder coatings, Rohm and Haas Company. "This dynamic continues to fuel a rebalancing of growth to favor Asia, Latin America and Eastern Europe."
According to The Chemark Consulting Group, the global powder coatings market grew in value from $4.317 billion in 2005 to $4.547 in 2006. Ten years ago the world consumption of powder coatings was valued at $2.1 billion, 46% of the dollar value today. In terms of tonnage, powder coatings grew from 1.696 billion tons in 2005 to 1.785 billion tons in 2006.
"The global market for powder coatings will continue to grow at rates higher than liquid coatings as a group at approximately 4.5-5.1% annually on a pounds basis, with Asia-Pacific leading t
"Since the new millennium the powder coatings markets in North America and Western Europe have plateaued as metal product manufacturers drove costs offshore in order to remain competitive on the global stage," said Thomas P. Frauman, global marketing director, powder coatings, Rohm and Haas Company. "This dynamic continues to fuel a rebalancing of growth to favor Asia, Latin America and Eastern Europe."
According to The Chemark Consulting Group, the global powder coatings market grew in value from $4.317 billion in 2005 to $4.547 in 2006. Ten years ago the world consumption of powder coatings was valued at $2.1 billion, 46% of the dollar value today. In terms of tonnage, powder coatings grew from 1.696 billion tons in 2005 to 1.785 billion tons in 2006.
"The global market for powder coatings will continue to grow at rates higher than liquid coatings as a group at approximately 4.5-5.1% annually on a pounds basis, with Asia-Pacific leading t
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