Coating additive sales in Asia forecast at 9% growth through 2012 April 18, 2008|
Consumption of seven leading coating additives in Asia was 655 million lbs, worth $1.5 billion in 2008, according to a new study by consulting firm Kusumgar, Nerlfi & Growney, West Caldwell, NJ. This compares to US consumption of $800 million for the same additive types, which include: biocides, rheology modifiers, dispersants, foam control, wetting, and slip and rub materials. Coating additive growth in Asia is forecast to be nine per cent per year through 2012, more than four times that of the US.
China is the largest consumer of coating additives in Asia, accounting for 37 per cent of sales. Continued growth in building and manufacturing activity will give coating additives a robust 13 per cent annual rate of growth in China. Japan is the second largest consumer of coating additives with a 28 per cent share. India consumes only seven per cent of the coating additives, but is the fastest growing country with a 14 per cent annual rate projected through 2012. India’s housing industry is expanding which is increasing the demand for architectural coatings. Industrial coating consumption is small in India, but growing rapidly.
leftnav.html
