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POWDER COATING, March 2018 43 seasonally adjusted December reading of 59.3 percent. This indicates growth in manufacturing for the 17th consecu- tive month at strong levels led by con- tinued expansion in new order and pro- duction activity, with employment growing at a slower rate and supplier de- liveries continuing to struggle. A read- ing above 50 percent indicates that the manufacturing economy is generally ex- panding; below 50 percent indicates that it is generally contracting. A PMI above 43.2 percent, over a period of time, generally indicates an expansion of the overall economy. The past relationship between the PMI and the overall economy indicates that the average PMI for January (59.1 per- cent) corresponds to a 4.9 percent in- crease in real gross domestic product on an annualized basis. Global industrial coatings market to reach $41.6 million by 2022 ALBANY, N.Y.—The global industrial coatings market is expected to grow from $31,478.5 million in 2017 to $41,682.8 million by 2022, a CAGR of 5.8 percent. This is according to Indus- t r i a l C o a t i n g s M a r k e t ( R e s i n – Polyurethane, Acrylic, Polyester, and Epoxy; Technology–Water-based, Solvent- based, Powder, and Pretreatment; End- use–General Finishes, Wood, Heavy Duty Equipment, Automotive Parts, Coil and Extrusion, Appliance, Consumer Electron- ics, and Transportation) — Global Indus- try Analysis, Size, Share, Growth, Trends and Forecast 2017-2022, a report from Transparency Market Research, an in- dustrial research firm. The industrial coatings market is healthy, and the foreseeable future looks bright, Some of the key factors reflecting positively on the global industrial coat- ings market are rapid constructional ac- tivities for infrastructural development in emerging economies, prosperity of the automotive industry as a result of in- creasing disposable income among the urban populations, increasing demand for premium paints among do-it-your- self consumers, and recent advents of fluoropolymer topcoats, UV-curable coatings, and nanocoatings. In 2017, the epoxy segment served 32.4 percent of the total demand in the global industrial coatings market, which was a reflection of its extensive usage in the building and construction industry. As the construction industry continues to gain momentum, the epoxy industrial coatings market is pro- jected to reach a valuation of $14,641.7 million by 2022, expanding at an above-average CAGR of 5.9 percent from 2017 to 2022. Canadian primary aluminium production analyzed M O N T R E A L , Q u e . — T h e A l u - minium Association of Canada has re- ported that primary aluminium pro- duction in Canada in January 2018 to- t a l e d 2 5 5 , 6 6 4 m e t r i c t o n s . T h e monthly production was down 6.32 percent in comparison with the month of December 2017. Compared to last year, the annual projection of produc- tion would be lower by 6.29 percent. This report is based on information provided to The Aluminium Associa- tion of Canada by survey participants, which is aggregated by the Association. US manufacturing technology for December cap off a good 2017 MCLEAN, Va.—Orders for manu- f a c t u r i n g t e c h n o l o g y c l i m b e d month-to-month and year-to-date in December 2017. Orders totaled $447 million for the month, up 6 percent compared to November. At a cumulative total of $4.5 billion for the year, orders were up 8 percent compared to the year-end total in 2016. This is according to the Asso- ciation for Manufacturing Technol- ogy (AMT) as reported by compa- nies participating in the US Manu- f a c t u r i n g T e c h n o l o g y O r d e r s (USMTO) program. "The year ended as market growth looks to pick up speed in the first quar- ter of 2018 with the only constraint to growth being builders ability to deliver product fast enough," said Douglas K. Woods, AMT president. "This has been exacerbated by recent rebounds in both the EU and Chinese manufac- turing sectors significantly increasing the demand side of the equation. The US market was strong across all the re- gional markets with the North Central East region falling less than a percent after posting the fourth best monthly total in December. October and No- vember registered the second and third best months of the year resulting in a stellar fourth quarter for the region. The South Central region, which suf- fered the most in the past downturn, posted a nearly 30 percent increase over November levels and was nearly 60 percent up for the year relative to 2016. Energy exploration orders have made a modest comeback in 2017, but this region's growth was due to signifi- cant increases in orders from the job shop, metalworking, auto and food processing industries." The key leading indicators for the man- ufacturing technology market are posi- tive and most are signaling significant expansion of the market going forward. While capacity utilization paused at 77 percent for the manufacturing sector, the industrial production index contin- ued to edge upwards in December to 106. Durable goods orders were up 3 percent in December pushing backlogs up nearly a percentage point yielding a backlog that is nearly five times larger than monthly durable goods ship- ments. The top two leading indicators, the Purchasing Managers' Index and the Metalworking Business Index, pub- lished by Gardner Business Media, were both 59.1. These signal continued ex- pansion of the manufacturing sector and manufacturing technology market over the next quarter. The USMTO report provides regional and national US orders data of domes- tic and imported machine tools and re- lated equipment. AMT represents and promotes US-based manufacturing technology and its members, including those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by c o m p a n i e s p a r t i c i p a t i n g i n t h e USMTO program.