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Resins & Coatings

News Review


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Global pigments market to reach USD 14.7 billion by 2018

A recent study by Transparency Market Research (TMR) forecasts that the global pigments market will grow at a rate of 4.5% between 2013-2018. It is reported that by 2018, the global pigments market will report a market value worth $14.7 billion in revenue terms and 4.4 million tons in volume terms.
The report states that growing demand for specialty pigments, expansion of the construction materials market, and the expanding paints and coatings industry are some of the key factors that drive the global pigments market. It is anticipated that the increasing demand for coatings and paints from the construction industry, will contribute significantly to the robust growth of the pigments market in the forthcoming years.
Pigments are dominant components in the overall colorants market and derive substantial demand from several industry verticals other than the coatings, paints, and construction industries. Presently, the global pigments market is characterized by high demand for unique and specialized end-use pigments. Based on pigment type, the market is classified into inorganic pigments, organic pigments, and specialty pigments. Few of the inorganic pigments include carbon black, titanium dioxide, chromium oxide, and iron oxide. Quinacridone, Azo, and Phthalocyanine are some of the extensively used organic pigments. The specialty pigments segment includes fluorescent, metallic, light interference, and thermochromic pigments.
High focus of pigment manufacturers on producing environment friendly chemicals due to regulatory interventions has a prominent impact on the global pigments market. The majority of the regulatory measures implemented in the global pigments market, focus on replacing conventional feedstocks with renewable ones. Stringent regulatory measures and rising raw material prices are the two main factors that hamper the growth of the pigments market.

EVONIK expands specialty silicones production

Evonik Industries AG announced plans to invest in the gradual increase in global production volume of specialty silicones. In Essen, the company is currently putting the expansion of a plant for the production of these special products into operation. The investment for this expansion is in the double-digit-million-euro range. Within this global investment initiative for specialty silicones, additional production expansions in Essen are planned.
Furthermore, Evonik is expanding its site in Shanghai (China) with a new production complex for specialty silicones. Specialty silicones offer an enormous wide range of applications for numerous industries, including additives for plastics, insulation material for building insulation, defoaming agents and coatings and inks.
(Chemical Engineering)

DUPONT presents TiO2 with superior hiding power

DuPont Titanium Technologies, one of the largest global manufacturers of titanium dioxide (TiO2) products, will unveil "Ti-Pure One Coat" in Germany, at the European Coatings Show.
"Ti-Pure® Select TS-6300" is an impressive breakthrough in DuPont's titanium dioxide technology that enables paint manufacturers to create formulations with superior hiding in flat- and low-sheen coatings, plus optimal TiO2 efficiency.
DuPont Titanium Technologies is one of the largest manufacturers of titanium dioxide, serving customers globally in the coatings, paper, plastics and laminates industries. DuPont has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802.

CLARIANT's waxes reach final of German 2015 Innovation Prize

Clariant is a finalist in the prestigious German business innovation award "Innovationspreis der Deutschen Wirtschaft 2015", in the large companies category. The achievement relates to Clariant's Licocene polyolefin-based waxes, recognized for advancing sustainability in textiles, plastics and coatings manufacturing and improving the environmental profile of a wide range of applications.
Licocene waxes give manufacturers the possibility to use fewer ingredients, reduce manufacturing steps and use less resource-intensive production processes. For example in textiles, close cooperation between Clariant and German coatings and laminate specialist LACOM GmbH, has succeeded in changing energy-intensive, water-based textile coating technology to a less energy-consuming process of hot melt coating using very low amounts of Licocene additives.
Licocene's ability to support more sustainable processing is particularly valued in energy-intensive sectors, such as technical textiles for mattresses, furniture and carpets for automotive and aerospace interiors. They are also used in the manufacture of masterbatches and engineering plastics, as well as in industrial coatings, and in printing inks and adhesives for packaging applications.
(Coatings World)

HEMPEL celebrates 100 years with profits

The Denmark-based HEMPEL Group is entering its 100th year with record profits and earnings, as well as strong tailwinds for its next phase.
2015 marks the closing year for the paint and coating maker's "One Hempel - One Ambition" strategy, which set aggressive 5-year growth goals for its products: quadrupling its decorative portfolio, doubling protective, and ramping up its marine products.
The company, founded as a marine paints maker in 1915 and still strongly focused on anti-corrosion coatings, aims to become one of the world's top 10 coating suppliers by the end of this year. Protective coatings remain the company's fastest-growing segment. The company's historic marine segment foundation has declined slightly over the past few years. Decorative paints is Hempel's largest segment in the Europe, Middle East and Africa region, where the company has more than 3,200 employees.
The company's 2014 results showed revenues of €1.298 billion, up from €1.239 in 2013 and net profit of €71 million.
(Paint Square)

LYONDELLBASELL expands tri-ethylene production

LyondellBasell announced plans to expand tri-ethylene glycol (TEG) production capacity at the company's existing ethylene oxide and ethylene glycol plant in Pasadena, Texas, U.S.A.
The additional capacity of 50 million pounds per year would more than double the company's current production capacity. Engineering is already underway on the new unit, which is anticipated to be operational in late 2016.
TEG is a colorless, odorless glycol that is used to dehydrate natural gas and as an additive in hydraulic and brake fluids, among other uses. The company's Bayport Underwood plant in Pasadena produces ethylene oxide, ethylene glycol, glycol ethers and other products. Glycol ethers are used to manufacture brake fluid, dyes, paint, solvents, commercial cleaners and waxes, detergents and cosmetic bases. Ethylene glycols are used as intermediate chemicals to produce polyester (PET) fibers, films and bottles
(Chemical Engineering)

Decisive round of chemical wages bargaining in Germany

Talks between the German Chemical Workers Union and employers for the 550,000 workers continued in Stuttgart at federal level.
IG-BCE negotiator Peter Hausmann called on employers to submit a new offer, as he expects more money than the previously offered 1.6% pay raise.
The union is demanding 4.8% more money in a term of twelve months. Employers want to increase wages after two months of vacancy by 1.6% and pay EUR 200 in a so-called "demographic fund".
If there is no agreement in Stuttgart, in the third attempt, an arbitrator is required. The German Chemicals industry could be heading for the first strike since 1971. Previously, two talks at the federal level and several regional negotiations had brought no result.

ASHLAND celebrates 50 years of its Derakane epoxies

Invented in 1965 for use in extremely corrosive, hot, wet chlorine environments, "Derakane" was originally targeted toward the pulp bleaching and waste water markets. For 50 years, Ashland's Derakane epoxy resins have defined the standard of excellence in corrosion-resistant fiber reinforced plastic (FRP) applications for chemical processing, water treatment and air pollution control, mineral processing and more.
Today, Derakane resins are used in the production of coatings and linings, tanks, pipes, pumps, chimney liners and ducts, filters, hoods, scrubbers, and other equipment used in the transport, processing and storage of highly corrosive chemicals or which require high resistance to chemical, thermal and mechanical degradation.
Ashland will recognize the 50th anniversary of the Derakane product line in 2015 with a series of events, beginning with the JEC Europe Composites Show and Conference in Paris. That will be followed by the NACE Corrosion 2015 Conference in Dallas.

BASF marks 130 years in China

2015 marks both the 150th anniversary of BASF and 130 years of BASF in China. In addition to global celebrations and a historical retrospective, BASF is taking the opportunity of its anniversary year to establish a new approach to collaboration with multiple stakeholders.
The second stop of BASF's global co-creation program, "Creator Space", is taking place in Shanghai, China, from March 20 to 27, 2015, with a focus on tackling the challenges brought about by increased urbanization. By 2020, 60% of Chinese will be living in cities. How will the choices of 700 million urban consumers in China affect economic, environmental, and social environment? At the Creator Space tour in Shanghai, more than 500 urbanization experts, business professionals, NGOs, academia and interested citizens with different perspectives and expertise will discuss solutions to this question and other important challenges.
As part of the Creator Space program, BASF is also holding three high-level science symposia in Ludwigshafen, Chicago and Shanghai. Renowned scientists from various disciplines will come to Shanghai to discuss sustainable urban living.
(Coatings World)

EVONIK to invest more than €4 billion in R&D

According to EVONIK's CEO Klaus Engel, the specialty chemicals group plans to invest more than four billion EUR into research and development over the next 10 years.
Last year, Evonik had increased R&D spending by 5% to €413 million. In terms of sales, R&D ratio thus stood at 3.2%. "Evonik is one of the most innovative companies in the world", affirmed Engel.
EVONIK wants to internationalize research and strengthen the external knowledge-sharing, through partnerships.

DOW's coatings and construction innovations at 2015 ECS

DOW will present at the 2015 European Coatings Show in Nuremberg, Germany, innovations including ACRYSOL™ RM-725, the next generation mid-shear HEUR Rheology Modifier with remarkable high-shear contribution for low VOC paints, and ACRYSOL™ DR-180, an efficient mid-shear HASE with remarkable flow and applied hiding properties for stable emulsion paints.
DOW Construction Chemicals will showcase its range of environmentally-advanced, APEO-free binders for highly flexible cementitious waterproofing, including PRIMAL™ CM-500, a pure acrylic binder designed to provide high crack bridging at low temperatures in exterior and interior applications, PRIMAL™ AS-8012, suitable for two-component waterproofing membranes, flexible coatings, crack filling systems and ceramic tile adhesives, along with specialist product PRIMAL™ AS-48, a styrene acrylic emulsion polymer with high adhesion and high crack bridging designed for water tanks.
DOW offers a broad portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses and delivers technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. DOW's more than 6,000 products are manufactured at 201 sites in 35 countries across the globe.

PPG completes resins plant in Brazil

PPG Industries, Inc. announced the the completion of a 65,000 square feet plant, worth $40 million, for onsite resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility.
With a presence in Brazil since 1973, PPG produces coatings for a variety of end-use markets in the region, including aerospace, architectural, automotive OEM, automotive refinish, industrial, packaging, oil and gas, and marine.
"PPG is committed to the market in Brazil and the needs of our customers across Latin America", said Michael McGarry, president and chief operating officer.
(Chemical Engineering)

ALTANA achieves leap in earnings in 2014

The specialty chemicals Group ALTANA achieved significant growth in sales and earnings in the 2014 fiscal year. Sales amounted to around €2 billion, corresponding to an increase of 11% year-over-year.
The acquisition of Rockwood's rheology business, concluded on October 1, 2013, significantly contributed to this double-digit growth. Altogether, acquisitions comprised a total of 7% of the Group's sales growth.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 18%, amounting to €397 million. At 20.4%, the EBITDA margin therefore reflects a clear margin expansion compared to the previous year (19.0%). "2014 was a strong year for ALTANA. We are well on track to continue on our path of profitable growth", stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG.
The BYK Additives & Instruments division again achieved the highest sales growth in 2014. Compared to the previous year, sales rose by 24% to €857 million. The successful integration of Rockwood's rheology activities contributed 18% to this growth. Adjusted for acquisition and slightly positive exchange rate effects, operating sales rose by 7%.
The ECKART Effect Pigments division generated sales of €332 million in 2014. Here, sales were 1% lower than in the previous year. Adjusted for acquisition and exchange rate effects, sales were also down by 1%. This decrease is due to changes in the product mix with volumes remaining unchanged.

VENCOREX increases TDI prices

Effective April 1, 2015, or as existing contracts permit, Vencorex will increase prices on its TDI range of products ("Scuranate") in Europe, Middle-East and Africa. Prices will be increased by €100/MT. According to Vencorex, the move is needed "to recover margin after recent price declines and the increasing cost for toluene".
Vencorex is a J/V between PTT Global Chemical, Thailand's largest and Asia's leading integrated petrochemical and refining company, and the Perstorp Group, world leader in several sectors of the specialty chemicals market. Vencorex is the owner of technology and a major manufacturer of isocyanates, particularly toluene diisocyanate (TDI), hexamethylene diisocyanate (HDI, IPDI) and its derivatives.
(Coatings World)

U.S. specialty chemicals market drops

U.S. specialty chemical market volumes fell 0.6% in February after a 1.0% decline in January, continuing the soft start to 2015, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council.
The segments experiencing large (1.0% and above) gains in February included adhesives & sealants, paint additives and textile specialties, the report says. Other segments experiencing modest growth included biocides, catalysts, construction chemicals, dyes, electronic chemicals, flame retardants and pigments, the report added.
"The adverse weather has played a role, but also weakness in oilfield chemicals and other segments", the ACC report says. 15 of the 28 specialty chemical segments monitored by ACC declined in February, 10 expanded and three remained flat.
(Chemical Engineering)

BASF raises prices for 1,6-Hexanediol

BASF increases its price for 1,6-hexanediol (HDO) in Europe with immediate effect, or as contracts allow, by EUR 80/MT.
HDO is used to achieve lower volatile organic compound formulations, polyurethanes, adhesives and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems which are used for the efficient production of rotor blades for wind turbines, as well as construction components for automotive lightweight applications.
BASF operates HDO production facilities at its Verbund sites in Freeport, Texas, and Ludwigshafen, Germany, with an annual production capacity of more than 50,000 tons.

AKZONobel's powder coating reflects up to 30% more light

AkzoNobel has launched an ultra-reflective powder coating which can increase the effective output of commercial lighting fixtures by up to 30%. Developed by the company's powder coatings business, "Interpon ReFlex" delivers outstanding levels of light reflectance which make it very cost-effective.
"Interpon ReFlex" offers easy application and use compared with other non-coating alternatives. Additional key features include excellent impact resistance and flexibility, as well as good corrosion and UV resistance.
(Coatings World)

Conference & Exhibition : Phosphates 2015

The annual Phosphates conference brings together experts and decision makers from the leading companies within the fertilizer, industrial and feed phosphate industries to network with other organisations that define phosphate supply and demand.
This essential industry event, the only global event for the fertilizer, industrial and feed phosphate markets, provides producers, traders, consumers and technology/equipment providers with an annual meeting point to network, set up contracts and share industry knowledge.
Phosphates 2015, the 8th in the series, is held at the Marriott Tampa Waterside Hotel, Florida, U.S.A., between 23-25 March 2015.

(More upcoming events on :

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News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.