About powder coatings
Powder coatings are a type of solvent-free coating products that are used to provide a dry finishing process. They are known for their high-quality and durable finish. These coatings emit few volatile organic compounds and are, hence, eco-friendly compared to solvent-borne coatings. Powder coatings are composed of resins, additives, curing agents, extenders or fillers, and tint pigments.
Technavio's analysts forecast the powder coatings market in Czech Republic to grow at a CAGR of 7.04 percent over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the powder coatings market in Czech Republic for the period 2015-2019. The report also provides data on the different segments of the market, which are based on the following criteria: type (thermoset powder coatings that include polyester, epoxy-polyester, epoxy, and acrylic powder coatings and thermoplastic powder coatings that include PVC, nylon, and other thermoplastic powder coatings); substrate (metals, plastics, and wood); and application (architecture and construction, general industry, automotive, and other applications).
Technavio's report, Powder Coatings Market in Czech Republic 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape 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 the Czech Republic 2015-2019
Technavio recognizes the following companies as the key players in Powder Coatings Market in the Czech Republic 2015-2019: AkzoNobel, Jotun A/S, The Helios Group and The Protech Group.
Other Prominent Vendors in the market are: Axalta, IGP Powder Coatings, Karl Bubenhofer, PPG Industries, ST Powder Coatings, TIGER Coatings and Valspar
Commenting on the report, an analyst from Technavio’s team said: “An increasing number of vendors of powder coatings in Western Europe are outsourcing their manufacturing activities to the Czech Republic, which has lower labor and procurement costs compared with countries in Western Europe. Although there are growing concerns about the rapid increase in labor costs in the country, the overall cost levels during the forecast period are expected to remain much lower than in Western Europe. Moreover, since the Czech Republic is located strategically, connecting Western Europe with the Middle East, customer proximity becomes an added advantage.”
According to the report, India, the industrial sector accounted for over 35% of the total GDP of the Czech Republic in 2014 and a steady increase in manufacturing activities since the end of 2013 has contributed to a rise in demand for powder coatings for general industrial applications. Moreover, the Czech Republic has also gained from the export of powder coatings.
Further, the report states that declining demand from the automotive industry is expected to restrict the market growth.
AkzoNobel, Jotun A/S, The Helios Group, The Protech Group, Axalta, IGP Powder Coatings, Karl Bubenhofer, PPG Industries, ST Powder Coatings, TIGER Coatings, Valspar
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