London, 25 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Powder Coatings Market in Central and Eastern Europe 2015-2019, which is expected to grow at a CAGR of 5.79 percent over the forecast period of 2014-2019.
“Vendors in the Chemical industry have been making concerted efforts to employ sustainable processes and products that have minimal impact on the environment,” says Faisal Ghaus, Vice President of TechNavio.
“Powder coatings are eco-friendly and are, therefore, gaining widespread acceptance in various industries. These coatings do not require solvents and, hence, do not release volatile organic compounds during cure, unlike solvent-borne coatings.”
Key Market Drivers
- Increase in Demand for Application on MDF
- Introduction of New Products
- Strong Demand from Architecture Sector
- Increased Outsourcing to Eastern Europe
- Growing Investment in R&D for Specific Solutions
Key Market Trends
- Technological Advancement
- Growing Focus on Sustainability
- Development of In-mold Powder Coatings
- Increase in Demand for Weather-resistant and Low-temperature Coatings
- Introduction of New Functional Powder Coatings
Key Market Vendors
- AkzoNobel NV
- Axalta Coating Systems LLC
- BASF SE
- PPG Industries Inc.
- Teknos Group
- The Helios Group
- The Jotun Group (Jotun)
- The Valspar Corp. (Valspar)
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
