Powder Coatings Market in Romania 2015-2019
About Powder Coatings
Powder coatings are solvent-free coating products used to provide a high-quality and durable dry 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 pigments. The powder coatings market in Romania is expected to grow, posting a CAGR of 6.96 percent during the forecast period. In 2014, the market was driven by demand from automotive and appliance industries.
TechNavio's analysts forecast the powder coatings market in Romania to grow at a CAGR of 6.96 percent over the period 2014-2019.
Covered in this Report
The powder coatings market in Romania can be segmented into two: thermoset powder coatings and thermoplastic powder coatings.
TechNavio's report, Powder Coatings Market in Romania 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 Romania 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 Romania 2015-2019
Technavio recognizes the following companies as the key players in the powder coatings market in Romania 2015-2019: AkzoNobel NV, Axalta Coating Systems LLC, The Helios Group, The Jotun Group, PPG Industries Inc. and The Valspar Corp.
Other Prominent Vendors in the market are: BASF, Fabryo, MAPEI, Kober, Henkel, KNAUF, Naber Polska, Tikkurila and Sherwin-Wiliams.
Commenting on the report, an analyst from Technavio’s team said: “Technological advancements are one of the key trends emerging in the market. Several companies in the market are offering advanced powder coating reclaim systems and proprietary one-coat or two-coat systems, adding value to the overall product. As well, the use of equipment such as triboelectric and corona charging guns to apply powder coatings will enhance their efficiency and encourage wider use.”
According to the report, demand for powder coatings in the construction industry is a major contributor to market growth. The use of powder coatings on heat-sensitive substrates is limited, and metal substrates account for a major share of product consumption.
Further, the report states that increased pressure on pricing is one of the major challenges that the market faces. A shortage of raw materials and the resulting increase in their prices have led to reduced profitability for vendors. The construction, automotive, and appliances industries are price-sensitive and strive to maintain cost-efficiency, which forces vendors to take on most of the additional cost.
AkzoNobel NV, Axalta Coating Systems LLC, The Helios Group, The Jotun Group, PPG Industries Inc, The Valspar Corp, BASF, Fabryo, MAPEI, Kober, Henkel, KNAUF, Naber Polska, Tikkurila, Sherwin-Wiliams.
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