- The key vendors in the Powder Coatings Market in Germany 2015-2019 are AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, PPG Industries Inc. and The Valspar Corp.
London, 10 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 Germany 2015-2019. The increasing use of powder coatings for coil applications is a major trend in the market. Advances in technology and a greater cost-to-benefit ratio compared to alternative coating systems are expected to increase the demand for such powder coil coatings. The Powder Coatings Market in Germany is expected to witness rapid growth and post a CAGR of 4.41% during the forecast period of 2014-2019.
The powder coatings market in Germany is witnessing the introduction of various types of functional coatings. Such products include flexible elastic coatings, thin-film coatings, scratch resistant coatings, stress cracking coatings, and anti-graffiti coatings. Vendors in the market also collaborate closely with customers and provide customized, functional powder coatings for niche applications.
“An increasing number of vendors, both globally and in Germany, are focusing on the introduction and development of powder coatings in the pipeline coatings sector,” says Faisal Ghaus, Vice President of Technavio Research.
“Key vendors target niche and high-value applications such as pipelines because of market saturation and high penetration of powder coatings in various other applications.”
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.
If you are interested in more information on this topic and our upcoming research on the Powder Coatings Market in Germany 2015-2019; please send an e-mail to media@TechNavio.com
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