Powder Coating

PC1118

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POWDER COATING, November 2018 29 There is growth in infrastructure devel- opment in the emerging economies of the Asia-Pacific region, along with a rise in automotive production in Asia-Pacific and Europe. In addition, the global increase in furniture produc- tion and revival of the construction in- dustry in several countries are some of the major factors driving the demand for the paints and coating industry. US primary aluminum production rate surveyed ARLINGTON, Va.—Based on Alumi- num Association surveys, the annual rate of US primary aluminum produc- tion totaled 931.7 thousand metric tons (kmt) during September 2018, an in- crease of 26.7 percent over the Septem- ber 2017 annual rate of 735.4 kmt. Compared to the previous month, the annual rate of production rose 4.4 per- cent over the August 2018 annual rate of 892.2 kmt. The year-to-date produc- tion rate through September 2018 to- taled 835.9 kmt, up 12.9 percent over the year‐to‐date 2017 rate of 740.3 kmt. Estimated production for the month of September 2018 totaled 76.6 kmt. Par- ticipating companies account for 100 percent of US primary aluminum pro- duction during June 2018. Metallic pigments market to exceed $2.3 billion by 2024 SELBYVILLE, Dela.—According to a new report from Global Market In- sights, an industrial market research firm, the metallic pigments market is set to grow from its current market value of more than $1.5 billion to over $2.3 billion by 2024. The expanding automotive OEM sector, which in turn is fueling the demand for decorative paints and coatings, is cited as a major market growth driver. These materials find a wide range of application in inte- rior coatings, wheel coatings, and myr- iad other vehicle accessories. Alumi- num and copper based metallic pig- ments will experience heavy demand in the coming years, mainly driven by the diversity in these materials and their application portfolio in the printing in- dustry. The rising need for environ- mentally viable paints and coatings will also act as one of the major factors in- fluencing the industry outlook. pared to the August reading of 63.3 percent. The Employment Index regis- tered 58.8 percent, an increase of 0.3 percentage point from the August reading of 58.5 percent. The Prices Index registered 66.9 percent in Sep- tember, a 5.2 percentage point decrease from the August reading of 72.1 per- cent, indicating higher raw materials prices for the 31st consecutive month. Comments from the panel reflect con- tinued expanding business strength as demand remains strong. Manufacturing expanded in Septem- ber as the PMI registered 59.8 percent, a decrease of 1.5 percentage points from the August reading of 61.3 per- cent. This indicates strong growth in manufacturing for the 25th consecu- tive month, led by strong production output, continued strength in new or- ders, improvements in supply chain delivery performance, and better utili- zation of existing inventory accounts. A reading above 50 percent indicates that the manufacturing economy is gener- ally expanding; below 50 percent indi- cates that it is generally contracting. The past relationship between the PMI and the overall economy indicates that the PMI for September (59.8 percent) corresponds to a 5.1 percent increase in real gross domestic product (GDP) on an annualized basis. A PMI above 43.2 percent, over a period of time, generally indicates an expansion of the overall economy. Global specialty chemicals market analyzed DUBLIN, Ireland—The global spe- cialty chemicals market is expected to register a CAGR of 5.08 percent from 2 0 1 8 t o 2 0 2 3 . T h e d e m a n d f o r high-performance coatings is increasing due to various applications in the auto- motive, aerospace, oil and gas, mining, marine, paper and pulp, and architec- tural and construction industries to pro- tect metal materials, tanks, concrete structures, pipes, and processing equip- ment. This is according to Global Spe- cialty Chemicals Market – Segmented by Type, Technology, Function, Application, and Geography – Growth, Trends, and Forecast (2018-2023), a report from Re- search and Markets, an industrial mar- ket research firm. Global green coatings market analyzed to 2022 TORONTO, Ont.—The global green coatings market is expected to grow at a CAGR of 6.2 percent from 2018 to 2022. This is according to Global Green Coating Market 2018- 2022, a market report available from TechNavio, an industrial market re- search firm. Any coating that does not pollute the environment or indirectly reduces pollution during its produc- tion or application can be termed as a green coating for the purpose of this re- port. The report covers the present market landscape and its growth pros- pects over the coming years. It also in- cludes a discussion of the key vendors operating in this market. Canadian primary aluminium production analyzed MONTREAL, Que.—The Alumin- ium Association of Canada has reported that primary aluminium production in Canada in September 2018 totaled 238,343 metric tons. The monthly pro- duction was down by 4.16 percent in comparison with the month of August 2018. The year-to-date average daily production is 8,031 tons. Compared to last year, the annual projection of pro- duction would be lower by 8.75 percent. This report is based on information pro- vided to The Aluminium Association of Canada by survey participants, which is aggregated by the Association. M a n u f a c t u r i n g s e c t o r ' s economic activity continues to expand TEMPE, Ariz.—Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 113th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The report is based on data compiled from purchasing and supply executives nationwide. The September PMI registered 59.8 percent, a decrease of 1.5 percentage points from the August reading of 61.3 percent. The New Orders Index regis- tered 61.8 percent, a decrease of 3.3 percentage points from the August reading of 65.1 percent. The Produc- tion Index registered 63.9 percent, a 0.6 percentage point increase com-

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