Powder Coatings Market in Western Europe 2015-2019
About Powder Coatings
Powder coatings differ from water/solvent-based coatings in that they do not need a liquid suspension base, but can be used in the form of free-flowing powder. The market for powder coatings has grown considerably over the past few years owing to benefits such as excellent finish, ease of application, energy efficiency, eco-friendliness, and cost-effectiveness. Powder coatings are more corrosion resistant than water/solvent-based coatings because of curing at high temperatures. These coatings are also safe to use as they eliminate the need for solvents that evaporate during the drying process and violate VOC regulations.
Technavio's analysts forecast the powder coatings market in Western Europe to grow at a CAGR of 2.99% 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 Western Europe for the period 2015-2019. To calculate the market size, the report considers revenue generated through sales of powder coatings. It also presents the vendor landscape and a corresponding detailed analysis of six key vendors in the market. It also provides data on the different segments of the market based on the following criteria: type (thermoset powder coatings including polyester, epoxy-polyester, epoxy, and acrylic powder coatings; and thermoplastic powder coatings including PVC, nylon, and other thermoplastic powder coatings); substrate (metals, plastics, and wood); application (general industry, architecture, automotive, and other applications); and key leading countries (Germany, Italy, Spain, and other countries in Western Europe).
In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, Powder Coatings Market in Western Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Technavio Announces the Publication of its Research Report – Powder Coatings Market in Western Europe 2015-2019.
Technavio recognizes the following companies as the key players in the Powder Coatings Market in Western Europe: Akzo Nobel, Axalta, BASF, Jotun, PPG, and Valspar
Other Prominent Vendors in the market are: Brillux, CWS Powder Coatings, Europolveri, FreiLacke, Helios, IGP Powder Coatings, Karl Bubenhofer, Karl Wörwag Lack- und Farbenfabrik, Neokem, Plascoat, Rembrandtin Powder Coating, Ripol, Ritver Paints and Coatings, ST Powder Coatings, Stardust Powder Coatings, Teknos, TIGER Coatings.
Commenting on the report, an analyst from Technavio’s team said: “An increasing number of vendors in the market, especially in countries such as Germany, are focusing on the introduction and development of powder coatings in the pipeline coatings sector. With market saturation and a high penetration of powder coatings in various other applications, key vendors are targeting niche and high-value applications, such as pipelines.”
According to the report, manufacturing accounts for a substantial share of the total GDP of Western Europe. Since the second half of 2013, there has been a steady increase in manufacturing activities in countries such as Germany, thereby contributing to the rise in demand for powder coatings.
Further, the report states that the powder coatings market in Western Europe is maturing, with moderate to high penetration in most applications. Though the consumption volume of powder coatings is substantial in countries such as Germany, compared with other countries in Western Europe, overall growth is expected to be sluggish because of market maturity.
Akzo Nobel, Axalta, BASF, Jotun, PPG, and Valspar, Brillux, CWS Powder Coatings, Europolveri, FreiLacke, Helios, IGP Powder Coatings, Karl Bubenhofer, Karl Wörwag Lack- und Farbenfabrik, Neokem, Plascoat, Rembrandtin Powder Coating, Ripol, Ritver Paints and Coatings, ST Powder Coatings, Stardust Powder Coatings, Teknos, TIGER Coatings