In an interview, Henrik Andersen, Group President & CEO, and Robert Wong, Head of Protective and Industrial, Hempel A/S with Chemical Today magazine open up about the dynamics of coatings and the ways in which customer demands and requirements are shaping the growth of this industry.
By Shivani Mody
Development in the coatings industry.
The global paints & coatings market will continue to grow in both advanced and emerging markets though growth will be higher in the emerging countries in Asia, particularly China and India. Construction, transportation, automotive, decorative and industrial sectors will continue to drive growth.
Growth in this market will be driven mainly by increasing demand for high-performance products in emerging and transitional economies, with an increasing emphasis on globalised processes.
In terms of technology, innovations will be focused on developing coatings systems that increase efficiency, reduce lifecycle operational costs, extending asset life whilst reducing the environmental footprint and being more sustainable. This will mean not only more investments in water-borne and higher solids technologies, but new novel concepts such as “smart coatings” using nano-technology.
Read more: Coating new possibilities
In an interview, Henrik Andersen, Group President & CEO, and Robert Wong, Head of Protective and Industrial, Hempel A/S with Chemical Today magazine open up about the dynamics of coatings and the ways in which customer demands and requirements are shaping the growth of this industry.
By Shivani Mody
Development in the coatings industry.
The global paints & coatings market will continue to grow in both advanced and emerging markets though growth will be higher in the emerging countries in Asia, particularly China and India. Construction, transportation, automotive, decorative and industrial sectors will continue to drive growth.
Growth in this market will be driven mainly by increasing demand for high-performance products in emerging and transitional economies, with an increasing emphasis on globalised processes.
In terms of technology, innovations will be focused on developing coatings systems that increase efficiency, reduce lifecycle operational costs, extending asset life whilst reducing the environmental footprint and being more sustainable. This will mean not only more investments in water-borne and higher solids technologies, but new novel concepts such as “smart coatings” using nano-technology.
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