Powder Coatings Market in Belarus 2015-2019
About Powder Coatings Market in Belarus
Powder coatings are solvent-free coating products used to provide a dry finish. They are known for their high-quality and durable finish. These coatings emit few volatile organic compounds and are, hence, eco-friendly. Powder coatings are composed of resins, additives, curing agents, extenders or fillers, and tinting pigments.
TechNavio's analysts forecast the powder coatings market in Belarus to grow at a CAGR of 7.93 percent over the period 2014-2019.
Covered in this Report
The powder coatings market in Belarus can be segmented into two: thermoset powder coatings and thermoplastic powder coatings.
TechNavio's report, Powder Coatings Market in Belarus 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the powder coatings market landscape in Belarus and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Powder Coatings Market in Belarus 2015-2019
Technavio recognizes the following companies as the key players in the Powder Coatings Market in Belarus: AkzoNobel NV, Axalta Coating Systems LLC, Helios Group, Jotun, PPG Industries Inc. and The Valspar Corp.
Other Prominent Vendors in the market are: BASF, MAV, Nordson, Henkel, KNAUF, Naber Polska, Tikkurila and Sherwin-Wiliams.
Commenting on the report, an analyst from Technavio’s team said: “Introduction of powder pipeline coatings is one of the major trends being witnessed in the market. An increasing number of vendors in Belarus are focusing on the development of powder coatings in the pipeline coatings sector. With growing market saturation and high penetration of powder coatings in other applications, key vendors are targeting niche and high-value applications that are expected to offer strong growth opportunities.”
According to the report, increase in demand from furniture industry is one of the major factors driving this market. The Belarusian government is focusing on infrastructural development and economic recovery, which will increase powder coatings use during the forecast period.
Further, the report states that high competition for indigenous vendors is posing a serious challenge to the market growth. Vendors based in Western Europe dominate the powder coatings market in Belarus. These vendors are currently pursuing aggressive market penetration strategies through acquisitions and by introducing new products.
AkzoNobel NV, Axalta Coating Systems LLC, Helios Group, Jotun, PPG Industries Inc, The Valspar Corp, BASF, MAV, Nordson, Henkel, KNAUF, Naber Polska, Tikkurila, Sherwin-Wiliams.
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