Globally, most of the marine coating companies have witnessed tough market conditions in the marine industry, where the combination of decelerating demand and increasing competition contributed to negative organic growth in the last few years. Despite these challenges, marine coating manufacturers are optimistic about witnessing underlying organic growth across most segments of the market and geographies.
The TiO2 industry worldwide is encountering difficulties and challenges short term, although there are some signs of hope. The trade wars, the potential of recession in the European economy, and political tensions in the Middle East are showing up in trade statistics, and they directly relate to TiO2 demand.
The latest Fact.MR report finds that the epoxy curing agents market surpassed $2.45 billion in 2018 and predicts that the use of these agents in various end-use industries, especially in developing countries, will boost the market in the future.
The recent Chem Show Business Outlook Survey distributed to professionals across the chemical process industry (CPI), including chemical and processing manufacturers, equipment suppliers, engineers and plant managers, indicates growth in business prospects and sales throughout 2019.
Anti-corrosion coatings have become a necessity for industries to safeguard the huge investments they make in terms of money, property and safety of workers. These coatings are used extensively in industries such as marine, oil and gas, petrochemical, infrastructure, and power generation, among others. The global high-performance anti-corrosion coating market size was estimated to be USD 10.5 billion in 2018.
There are opportunities to create and uncover value in sales, margin, throughput and cost, leveraging new business models in emerging markets, commercial and operational efficiencies including new distributed manufacturing methods, supply chain optimization, application methods and equipment and coating services.
According to a study by Global Market Insights Inc., the pressure-sensitive adhesives market is set to grow from its current market value of more than $6 billion to over $9.5 billion by 2024.
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