Europe Epoxy Powder Coatings Market - Segmented by End-user Industry, Pipeline, and Geography - Growth, Trends and Forecasts (2018 - 2023)
The European epoxy powder coatings market is expected to grow at a moderate rate during the forecast period (2018 - 2023). The major factor driving the market growth is the growing demand from pipeline industries. However, the market is restrained by the regulations on Bisphenol A.
Government Regulations Restraining the Market
The bisphenol A (BPA) present in epoxy resins is used in the manufacture of protective paints & coatings. It has also been facing serious regulations by European countries. The European Commission has tightened the rules on the usage of BPA in the manufacture of packaging and coatings used in infant products.
Oil & Gas a Potential Segment
The market has been segmented by end-user industry and pipeline. Based on end-user industry, the market is further classified into aerospace, automotive, building & construction, energy, marine, and oil & gas. The building & construction sector is the largest end user, with a share of about XX %. However, the oil & gas end-user segment has good potential to expand during the forecast period, chiefly due to the increasing investment in the sector, which is set to become self-reliant in the coming future.
August 2017: Axalta Coating Systems announced that it had acquired Plascoat Systems Limited from its parent company, International Process Technologies (IPT) Ltd. As a part of agreement, Axalta would acquire both the Plascoat manufacturing facilities in Farnham, England and Zuidland, the Netherlands.
Major Players: Axalta, 3M, Arkema, BASF SE, Solvay, and Valspar, among others.
Reason to Purchase the Report
To understand the impact of end-user industries on the market
Analyzing various perspectives on the market, with the help of Porter’s five forces analysis
To understand the product type and application dominant in the market
The countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
Three-month analyst support, along with the Market Estimate sheet in Excel
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