PPG, Akzo Nobel and other corporate leaders have in-depth talks about the marine coatings market

According to research by MarketsandMarkets, the marine coatings market is expected to grow from US$3.
31 billion in 2017 to US$3.
93 billion in 2022, with a compound annual growth rate of 3.
5%.
ReportBuyer expects that the marine coatings market will have greater growth, reaching 5.
29 billion US dollars by 2022, but the compound annual growth rate from 2017 to 2022 is also 3.
5%.

Christian Ottosen, vice president of Haihong Elderly Group and head of marine business, said that although the overall growth is expected, the marine coatings market has been weak due to the low order of new owners in 2016 and 2017.
2016 is a 30-year order The least one year.
He added: "Repairs and maintenance have made up for the reduction in the number of new buildings to a certain extent, but not all.
"
Akzo Nobel Coast and Navy Marine and Protective Coatings Key Account Manager John Mangano said, "On a global scale The marine market continues to decline compared with previous years, but we have already seen some bright spots.
” According to Mangano, this bright spot is related to the military.
"Federal funds are in place, which will promote the maintenance of existing ships and the construction of new ships for the US Navy.
"
Callie Hildreth, PPG's global marketing communications manager, protective and marine coatings company, pointed out that in addition to the military, there are many regulations on ship coatings.
The market and its growth have had an impact.
She said: "IMO ballast water management regulations, NOX, SOX, EEDI requirements will affect the dynamics and growth rate of new buildings, so in the foreseeable future, coating demand will also be affected.
"
Ottosen believes, "At the current level In the lower case, the recovery of new construction orders will obviously greatly promote the market’s growing demand for marine coatings.
In terms of repairs and maintenance, the market itself has been growing in the past 10 years or more, as ships are now entering The first or second dry dock.
” He also said, “We are seeing significant growth and market demand for increasingly energy-efficient hull coating solutions that provide trade flexibility and are supported by fuel monitoring services.
To ensure optimal operation and lowest fuel costs within 5 years of dry docking time.
"
Growth expectations in emerging markets
According to MarketsandMarkets forecasts, the growth in demand from the shipbuilding industry in emerging economies such as China, India and Brazil will drive market growth.
At present, countries in the Asia-Pacific region have expanded their shipbuilding bases, which has driven the development of the Asia-Pacific marine coatings market.

According to ReportBuyer's research, the growing shipbuilding activities in emerging economies are driving the growth of the global marine coatings market.
Data from MarketsandMarkets shows that the marine coatings market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate during the forecast period.

Mangano said, “Historically, due to a large number of new contracts, Asia has always had a huge demand for marine coatings.
” Hildreth said: “Most of the demand comes from the Asia-Pacific region, mainly from shipyards in the region, as well as growing Asian countries.
Europe is still an important shipping shipowner’s base.
”
In Ottosen’s view, the largest growth area for new construction is Asia, especially China, South Korea and Japan.
Repairs are related to the location of the shipowner, and Europe remains the largest shipownership area.
As for the dry dock location, Ottosen pointed out that China, Singapore and Dubai are the most supplied regions.

Restrictions and regulations The
EU Biocides Regulation (BPR) and REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) continue to have a significant impact on the industry.
Haihong Elderly’s HSE & Risk Group Regulatory Affairs Manager Gareth Prowse said, “The EU biocide regulation is by far the most stringent law affecting anti-fouling products.
After the application deadline at the beginning of this year, the industry has just entered the copper-based anti-fouling industry.
The product registration stage of dirty paint.
According to the new risk assessment rules, these products will begin the re-approval process.
”
Hildreth said that although changes and destruction are taking place, these regulations also provide opportunities for us and other paint manufacturers.
PPG has been focusing on protecting the environment and being ahead of such regulations, and is expected to be ahead of the upcoming regulatory regulations in emerging markets such as South Korea and China.
"We are closely monitoring the progress of the upcoming KBPR," she said. "We expect that the new regulations will not cause seafood to be lost from the market.
Most of the problems related to existing biological fungicides have been resolved as part of the active substance approval process.
This process has led to the gradual gradual progress of ciprofloxacin (cybutryne).
Was eliminated," Prowse added.

According to Mangano, Akzo Nobel is currently seeing two trends: "The demand for fuel-efficient paints and the desire of shipowners and shipbuilders to combat pollutants and invasive species that may affect local ecosystems and shipping.
The company’s efficient operation.
Regarding invasive species, we have found that the number of customers who want better anti-pollution effects has increased, so they can trade freely around the world and can meet the regulatory requirements of various countries.
”
Prowse pointed out that South Korea has recently promulgated The law is equivalent to BPR and REACH.
"We expect that the specific regulations affecting pollution prevention work will not take effect within a few years, but we will not be complacent and will continue to monitor and prepare to respond to any impact that may arise.
China is a key market for Haihong elderly, and we pay close attention to Development to ensure that our products meet any new requirements that may come into force.
” He said, “The impact of these new regulations on the global anti-pollution market remains to be seen, but in general, we see an increase in global regulation and coordination Efforts to restrict measures.
"
"As part of the assessment process, the regulator is accounting for decisions made outside of its region, as is the case in New Zealand.
Recently, the International Maritime Organization (IMO) Anti-Fouling System (AFS) Convention European country parties proposed that ciprofloxacin (cybutryne) should be added to Annex 1 of the Convention to control the use of ciprofloxacin globally.

In addition, the evaluation carried out by the International Maritime Organization will arouse great interest in the industry , Because this is the first time that an organotin compound (ie TBT) has been included in the annex.
How the IMO’s assessment adapts to the EU’s decision to restrict the substance and the specific assessment criteria of any non-EU contracting parties will undoubtedly be the subject of future debates.
” Prowse concluded.
In addition to
rising raw material prices
, the industry is also facing challenges in raw material prices and supply issues.
It is understood that in February 2018, Haihong Elderly raised the price of its products.

"Raw material prices have risen sharply.
Although we have done everything possible to minimize the impact on customers, the need to pass on price increases is an inevitable reality.
" Hildreth said.

Haihong Elderly Executive Vice President and Chief Commercial Officer Michael Hansen said that in the past two years, the cost of many raw materials used to manufacture coatings has continued to rise.
For example, according to ICIS pricing and Technon Orbichem data, in the fourth quarter of 2017 alone, the cost of epoxy resin increased by 20% in Europe and North America, and increased by 58% in the Middle East and Southeast Asia.
According to data from the London Metal Exchange, global zinc prices rose by nearly 15% during the same period, reaching a 10-year high by the beginning of 2018.

Hansen said: "Although there are regional differences, global prices are clearly rising.
We did our best in the first quarter of 2018 to absorb the price increase and limit the impact on customers.
However, we have no choice but to increase The prices of some products, including protective, shipping, containers, yachts and decorative products.
”
Mangano then said that Akzo Nobel is implementing a series of measures to alleviate these market challenges, including increasing prices and cost control.
While the situation is constantly changing, Akzo Nobel’s team will continue to work tirelessly to meet and exceed customer needs.

New trends and technologies
So, where do experts think the market will go?
According to ReportBuyer's research, anti-corrosion coatings will lead the marine coatings market from 2017 to 2022.

Mangano said, "Trends vary greatly between market segments.
Customers are very interested in low volatile organic compounds, especially in the context of new regulations.
In addition, our customers are very interested in general primers and high-performance anti-corrosion.
Fouling paint puts forward higher requirements.
In general, this technology is moving in the direction of more advanced antifouling coatings.
For example, our team is studying UV-LED technology, which essentially uses light to organic It can reduce the dirt attached to the ship.
In addition, lightweight deck coatings are very popular, which can reduce the weight of the ship. "From a deep-sea perspective, the most important issue that customers care about is verification.
That is, they want us to have the best solution to make the best decision and be able to verify performance.
This is why we provide Intertrac package services , It uses the functions performed by Intertracvision and Intertrac to help solve this problem," Mangano concluded.

Hildreth believes: "The trend is mainly focused on improving ship performance and operating efficiency.
Fouling control products are a clear focus and solution that not only provide superior performance, but also help owners achieve the industry's environmental goals.
Our sigmaglidede pollution solution The prospects are promising"
Ottosen added: "Energy efficiency, carbon dioxide reduction and supplementary services have recorded improvements in operational efficiency.
"
Source: Internet