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 Russia to grow at a CAGR of 9.19 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 Russia 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, general industry, automotive, and other applications).
Technavio's report, Powder Coatings Market in Russia 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 Russia 2015-2019
Technavio recognizes the following companies as the key players in Powder Coatings Market in Russia 2015-2019: AkzoNobel, Jotun, PrimaTek, Russkie Kraski and Teknos
Other Prominent Vendors in the market are: FreiLacke, Helios, IGP Powder Coatings, Neokem, Plascoat, PPG, Pulver Kimya, ST Powder Coatings, Stardust Powder Coatings, TIGER Coatings and Valspar
Commenting on the report, an analyst from Technavio’s team said: “An increasing number of vendors in Russia are focusing on the development and introduction of powder coatings for pipelines. With growing competition in various other applications, key vendors are targeting niche applications that are expected to offer strong growth opportunities. Jotun offers various powder coatings for steel substrates of pipelines, under the brand name Jotapipe. These are either stand-alone FBE or dual-layer FBE systems that provide enhanced performance characteristics such as UV stability, anti-slip, and abrasion-resistance.”
According to the report, India, the construction industry in Russia has been witnessing strong growth, posting a CAGR of over 10% during 2008-2013. Increased investment in rail and road services, infrastructure projects by the government, and private funding have contributed to the growth of this industry. The demand for powder coatings for these applications has also increased significantly, and key vendors are enhancing their presence in the country to secure a greater market share.
Further, the report states that economic downturn in Russia is expected to restrict market growth.
AkzoNobel, Jotun, PrimaTek, Russkie Kraski, Teknos, FreiLacke, Helios, IGP Powder Coatings, Neokem, Plascoat, PPG, Pulver Kimya, ST Powder Coatings, Stardust Powder Coatings, TIGER Coatings, Valspar
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