Powder Coating

PC0318

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gest near-term strength in primary met- als industry activity. Usually, a growth rate above +1.0 percent signals an in- crease in metals activity, and a growth rate below -1.0 percent indicates a down- turn in activity. From April 2016 through May 2017, the US nonferrous metal products in- ventories growth rate recorded a run of consecutive negative growth rates, June and July 2017 were a pause in the trend, and negative growth rates resumed Au- gust through November. During that time, inventory decreases indicate in- creased consumption in nonferrous metal products. In December 2017, the primary aluminum and primary copper 6-month smoothed growth rates posted their sixteenth and fourteenth consecu- tive months with positive double-digit growth rates, respectively. The steel scrap 6-month smoothed growth rate had double-digit positive growth rates No- vember 2016 through September 2017, paused in October and November 2017, and resumed in December 2017. The December leading index should be considered preliminary because only four of its eight indicators were avail- able, and the leading index will be sub- ject to revision when the other compo- nents are added next month. Global powder coatings market analyzed to 2023 DUBLIN, Ireland—The global pow- der coatings market is analyzed in a new report from Research and Markets, an industrial market research firm. Global Powder Coatings Market, Forecast to 2023 analyzes the penetration of pow- der coatings across various end markets such as appliances, automotive, archi- tectural, furniture, agricultural, con- struction, and mining equipment as well as pipe coatings. The report pre- sents data at the segment level to illus- trate the regional dynamics and oppor- tunities for powder coatings across vari- ous applications. It analyzes the current market size in terms of volumes and rev- enues based on the average prices of products in the marketplace. It also pro- vides a 7-year forecast based on the ex- pected CAGR at which the respective application segments are likely to grow. The study bases the forecast on the vari- ous drivers and restraints along with re- gional, product, and technology trends in the marketplace. Manufacturing sector's economic activity continues to expand TEMPE, Ariz.—Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th 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 January PMI registered 59.1 per- cent, a decrease of 0.2 percentage point from the seasonally adjusted December reading of 59.3 percent. The New Orders Index registered 65.4 percent, a decrease of 2 percent- age points from the seasonally ad- justed December reading of 67.4 per- cent. The Production Index registered 64.5 percent, a 0.7 percentage point decrease compared to the seasonally adjusted December reading of 65.2 percent. The Employment Index reg- istered 54.2 percent, a decrease of 3.9 percentage points from the seasonally adjusted December reading of 58.1 percent. The Supplier Deliveries Index registered 59.1 percent, a 1.9 percentage point increase from the seasonally adjusted December reading of 57.2 percent. The Inventories Index registered 52.3 percent, an in- crease of 3.8 percentage points from the December reading of 48.5 per- cent. The Prices Index registered 72.7 percent in January, a 4.4 percentage point increase from the December reading of 68.3 percent, indicating higher raw materials prices for the 23rd consecutive month. Comments from the panel reflect expanding busi- ness conditions, with new orders and production maintaining high levels of expansion, employment expanding at a slower rate, order backlogs expand- ing at a faster rate, and export orders and imports continuing to grow faster in January. Supplier deliveries contin- ued to slow (improving) at a faster rate. Price increases occurred across all industry sectors. Manufacturing expanded in January as the PMI registered 59.1 percent, a de- crease of 0.2 percentage point from the 42 POWDER COATING, March 2018 US primary aluminum production rate surveyed ARLINGTON, Va.—Based on Alu- minum Association surveys, the annual rate of US primary aluminum produc- tion totaled 777,556 metric tons (tonnes) during January 2018, an in- crease of 5.7 percent over the January 2017 annual rate of 735,828 tonnes. Compared to the previous month, the annual rate of production rose 3.6 per- cent over the December 2017 annual rate of 750,758 tonnes. Production for 2017 totaled 740,884 tonnes, off 9.5 percent from the 2016 total of 818,430 tonnes. Actual production for the month of January 2018 totaled 66,093 tonnes. Participating companies ac- count for 100 percent of US primary aluminum production. Global automotive coatings to surpass $31 billion by 2022 LAS VEGAS, Nev.—The global auto- motive coatings market was worth $15.62 billion in 2012 and is expected to reach approximately $31.39 billion by 2022, registering a compound an- nual growth rate of 6.48 percent. This is according to Automotive Coatings Mar- ket by Product, Technology, Application, and End User—Global Industry Analysis and Forecast to 2022, a report from Crystal Market Research, an industrial market research firm. The market is ex- pected to encounter significant devel- opment due to growing manufacturing of vehicles. It is anticipated to witness major development as these items en- hance the stability and appearance of autos and protect them from harsh nat- ural conditions, including outrageous temperature, foreign particles acid rain, and UV radiation. The key boosting factor for this market is increasing de- mand for powder coatings. Primary metals leading index increased in December RESTON, Va.—The primary metals leading index and its 6-month smoothed growth rate both increased in December. In addition, the primary metals leading index 6-month smoothed growth rate has been above the +1.0 percent thresh- old since April 2016, which could sug- UPDATE: Markets

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