The global paint and coatings market has been growing at a healthy rate in recent years. Between 2012 and 2016, the compound annual growth rate (CAGR) reached a strong 5.5% speed.
However, this figure is not representative of all regional market performance, as Europe’s annual compound growth rate was quite weak during the same period, at only 1.8%.
In 2016, there were 20 companies with coatings sales exceeding $1 billion, and three companies with sales exceeding $10 billion. Global paint market trends are forecast to remain largely the same through 2020, with a slight slowdown in the Asia-Pacific region due to slower economic growth in China and other factors.
In April this year, some of the world’s coatings giants—BASF, DuPont, Dow, Valspar, Berger Group, and Axalta—competed to raise prices collectively. .
Due to the continuous increase in raw material, transportation and energy costs, there is a reason for the collective price increase of coating companies.
Since April 2017: Dow has raised the prices of PAPI, ISONATE and ISOBIND products in the US market by US$220/ton.
Since April 2017: The listed price of China’s regional aggregated MDI distribution market is 25,500 yuan/ton (a decrease of 500 yuan/ton from March), and the direct sales market is listed The price is 26,000 yuan/ton (1,000 yuan/ton lower than in March); the pure MDI listing price is 25,700 yuan/ton (2,500 yuan/ton higher than the March price).
Announced on April 19: Allnex, the world’s coating resin giant, has raised the prices of EBECRYL? and UCECOAT? light-curing coating resins in the Asia-Pacific region, with an increase of 0.10 euros. /kg and €0.3/kg, effective from May 1, 2017, or as permitted by contract.
It was announced on April 20 that BASF will increase the selling prices of papermaking chemicals and water treatment chemicals as permitted by the contract. The global selling price of some product lines will increase by 5% to 10%; while for different specific products and shipping locations, there will be a steady increase.
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