Powder Coatings Market in Italy 2015-2019
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 Italy to grow at a CAGR of 2.66 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 Italy 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 (appliances, automotive, general industry, architecture and construction, and other applications).
Technavio's report, Powder Coatings Market in Italy 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 Italy 2015-2019
Technavio recognizes the following companies as the key players in Powder Coatings Market in Italy 2015-2019: AkzoNobel, Jotun and The Valspar
Other Prominent Vendors in the market are: Europolveri, PPG Industries, Rembrandtin Powder Coating, Ripol, Ritver Paints and Coatings, ST Powder Coatings, Stardust Powder Coatings, Teknos and TIGER Coatings
Commenting on the report, an analyst from Technavio’s team said: “The powder coatings market in Italy is seeing increasing demand from coil coatings applications. Such applications are relatively new and account for a minor share of the powder coatings market in Italy, since alternative technologies are predominantly used for coil coating purposes. However, with advances in powder coating technology, the cost-to-benefit ratio has improved compared to traditional solvent-borne coating. With a better cost-to-benefit ratio and eco-friendly characteristics, powder coatings will likely become the preferred choice in coil coatings applications during the forecast period.”
According to the report, MDF is a composite panel manufactured by combining wood fiber and resin. Advances in technology have recently allowed the use of powder coating products on heat-sensitive substrates such as MDF. Vendors of MDF are increasingly opting for thermoset powder coatings over liquid-based alternatives, as they offer durability and design freedom. Powder-coated MDF products are largely used in end-user markets such as office furniture, institutional furniture, and kitchen cabinets. Therefore, we expect the powder coatings market for MDF in Italy to grow rapidly over the forecast period.
Further, the report states that a maturing market for powder coatings in Italy is expected to restrict growth.
AkzoNobel, Jotun, The Valspar, Europolveri, PPG Industries, Rembrandtin Powder Coating, Ripol, Ritver Paints and Coatings, ST Powder Coatings, Stardust Powder Coatings, Teknos, TIGER Coatings