Last month Optima Training launched a new website to allow us to develop a more interesting client experience in the Learning Zone. This also gave us an opportunity to refresh the look anbd feel of the site, which included a more personalised News area.
The pressures of running a company and providing services within a demanding client role have left little time for anything else and I have been struggling to keep this Blog regularly updated. Although I may occasionally use it for the more controversial views that I wish to share, if you want to keep up-to-speed with all the latest happenings in the world of Optima Training then you should see my news feed at http://www.optimatraining.co.uk/author/Mark
Thanks to everyone that gave positive feedback on the few Blog items that I managed to produce.
Insights and comment from the business training and consulting world of Optima Training (UK) Limited
Thursday, 19 July 2012
Wednesday, 8 February 2012
Global Industrial Coatings Market Valued at Over €40 Billion
The global industrial coatings market was estimated to be worth over €40 billion in 2009. The market experienced a decline of 8% due to the recession, in terms of tonnage, which resulted in estimated coatings demand essentially falling back to 2006 levels. As a result, industrial coatings exhibited a 0.1% compound annual growth rate (CAGR) for the period 2006 to 2009.
The most important region of industrial coatings demand is the Asia Pacific, which accounted for around 48.5% of global coatings consumption. The region is also expected to be the main driver of future coatings demand to 2020, with a CAGR of between 8% and 9.5% expected for the period 2010 to 2015. Within this region, China and India are expected to be the largest contributors to future coatings demand.
Solventborne coatings are still the most common technology, although it is losing share and is expected to lose share to other types in many markets. Waterborne is expected to be the fastest growing coatings technology.
The most important market for industrial coatings is for general industrial coatings, intended for metal surface applications; accounting for almost 26% of estimated global coatings demand, and just over 20% in value terms.
Construction and infrastructure markets accounted for over 37% of the world market for industrial coatings in volume terms. A number of fiscal stimulus measures introduced by national governments to offset the impact of the recession were focused on infrastructure projects. These were particularly effective in China, where funds were distributed directly to nationally held concerns. As a result, this group of markets was the best performing, exhibiting a 1.1% CAGR for the period 2006 to 2009.
Construction and infrastructure markets combined for approximately €13.3 billion, representing around 32% of global market value.
The worst affected markets during the recession were those in transportation, which exhibited 1.1% negative CAGR over the period 2006 to 2009. However, these also represent the highest value markets, accounting for over 36% of the global market with almost €15 billion.
This is according to the Global Industrial Coatings Markets 2010–2020 study recently completed by the Irfab® team of the PRA. The study took almost two years to complete, and is PRA’s most ambitious and comprehensive industry review to date. It is an invaluable tool to improve understanding of the end-user coatings market and to support strategic decision making.
Visit www.pra-world.com/irfab for more information and to download sample pages from the study.
The most important region of industrial coatings demand is the Asia Pacific, which accounted for around 48.5% of global coatings consumption. The region is also expected to be the main driver of future coatings demand to 2020, with a CAGR of between 8% and 9.5% expected for the period 2010 to 2015. Within this region, China and India are expected to be the largest contributors to future coatings demand.
Solventborne coatings are still the most common technology, although it is losing share and is expected to lose share to other types in many markets. Waterborne is expected to be the fastest growing coatings technology.
The most important market for industrial coatings is for general industrial coatings, intended for metal surface applications; accounting for almost 26% of estimated global coatings demand, and just over 20% in value terms.
Construction and infrastructure markets accounted for over 37% of the world market for industrial coatings in volume terms. A number of fiscal stimulus measures introduced by national governments to offset the impact of the recession were focused on infrastructure projects. These were particularly effective in China, where funds were distributed directly to nationally held concerns. As a result, this group of markets was the best performing, exhibiting a 1.1% CAGR for the period 2006 to 2009.
Construction and infrastructure markets combined for approximately €13.3 billion, representing around 32% of global market value.
The worst affected markets during the recession were those in transportation, which exhibited 1.1% negative CAGR over the period 2006 to 2009. However, these also represent the highest value markets, accounting for over 36% of the global market with almost €15 billion.
This is according to the Global Industrial Coatings Markets 2010–2020 study recently completed by the Irfab® team of the PRA. The study took almost two years to complete, and is PRA’s most ambitious and comprehensive industry review to date. It is an invaluable tool to improve understanding of the end-user coatings market and to support strategic decision making.
Visit www.pra-world.com/irfab for more information and to download sample pages from the study.
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