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BASF to Expand Automotive Coatings Production at Shanghai, China

China: BASF Shanghai Coatings Co., Ltd. has planned to invest USD156.8 million for the expansion of the automotive coatings plant in China, which started production in 2014. The new line at Shanghai Chemical Industry Park in Caojingin in Shanghai, is expected to commission its operations by the end of 2017. BASF Shanghai Coatings Co., Ltd. is a joint venture company between BASF and Shanghai Huayi Fine Chemical Co., Ltd. BASF also operates a production facility for resins and electrocoat at the same location. The proximity of the two plants would allow for more synergies and efficiency. The plants are designed in a energy-efficient and sustainable manner thus promising to offer the potential for future expansion and the flexibility to adapt to new production requirements in coming years.

TechSci Research depicts that the augmentation of the automotive coatings plant at the Shanghai would strengthen BASF’s local production network, market knowledge along with its position in the China automotive industry. Increase in the production capacity of coatings in China is anticipated to boost the demand for inorganic pigments, which are widely used to provide various functional properties to coatings such as heat stabilization, antistatic, flame retardants, anti-block and UV stabilization etc.

According to a recent report published by TechSci Research, “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross USD34 billion by 2021. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as paints & coatings, printing inks, construction, automotive, etc. Global paints & coating industry stood at around USD122.5 billion in 2011, and is anticipated to reach to USD168.5 billion by 2017, thereby portraying a positive outlook for the global pigments market. Inorganic pigments dominated the global pigments market in 2015 and is forecast to maintain its dominance during 2016 – 2021.

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