- The key vendors in the powder coatings market in the Czech Republic 2015-2019 are AkzoNobel NV, Helios Group, Jotun A/S and Protech-Oxyplast Group
London, 22 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the powder coatings market in the Czech Republic 2015-2019. The introduction of new products is a major trend emerging in the market. Advances in technology and a greater cost-to-benefit ratio compared to alternative coating systems are expected to generate greater demand for such powder coatings. The powder coatings market in the Czech Republic is expected to witness strong growth and post a CAGR of 7.04% during the forecast period of 2014-2019.
“An increasing number of vendors of powder coatings in Western Europe are outsourcing their manufacturing activities to the Czech Republic, which has lower labor and procurement costs compared with countries in Western Europe,” says Faisal Ghaus, Vice President of Technavio Research.
“Although there are growing concerns about the rapid increase in labor costs in the country, the overall cost levels during the forecast period are expected to remain much lower than in Western Europe.”
To define the market conditions 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%…
