hot selling Coating And Paint Raw Material Dop

  • hot selling Coating And Paint Raw Material Dop
  • hot selling Coating And Paint Raw Material Dop
  • hot selling Coating And Paint Raw Material Dop
  • Is the global industrial coatings market still working?
  • “The global industrial coatings market is still working to overcome some significant hurdles, like raw material shortages, economic headwinds and ongoing supply chain challenges,” said Mike Bourdeau, president of General Industrial Coatings, Sherwin-Williams.
  • How did Q4 2022 affect the coatings industry?
  • With the arrival of Q4 2022, the coatings industry witnessed a marked slowing in raw material demand, coupled with high inflation (stagflation). The raw material shortages of 2021-2022 had given way to high raw material inventories, which resulted in destocking by both the raw material producers and their coatings customers.
  • What is the demand for coatings raw materials in 2022?
  • Demand for coatings raw materials is directly linked to coatings demand. Over the coming five years, demand for coatings is anticipated to grow at a rate of 4–5% annually. This would result in a 2022 demand for raw materials of approximately 42 million metric tons. Asia Pacific is forecast to experience the greatest volume growth (5–6%) to 2022.
  • Are paint & coatings prices rising?
  • Raw material price increases for a basket of paint and coatings components appeared to be increasing by 2–5% in January 2021, but by mid-February price increases, in the range of 5–9% and often higher, were flooding the offices of coatings manufacturers’ purchasing departments.
  • How much are coatings' raw materials worth?
  • Figure 2 shows the estimated distribution of coatings’ raw materials value by type. Total global sales of resins for use in coatings systems are estimated to be $31 billion on roughly 15.2 million metric tons. Globally, acrylic resins are the most commonly used binder in paint and coatings systems.
  • Why is paint a problem in the coatings industry?
  • Thus, even though the demand remains relatively strong, producing the paint has become a problem for the coatings industry. Another supply chain issue impacting the coatings market is that customers have had their own supply issues, which has limited their production and thus, reduced demand.

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