- The key vendors in the powder coatings market in Russia 2015-2019 are AkzoNobel, Jotun, PrimaTek, Russkie Kraski and Teknos 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 Russia 2015-2019. Increasing demand for pipeline coatings is one of the major trends emerging in the market. An increasing number of vendors in Russia are focusing on the development and introduction of powder coatings for pipelines. With growing competition in various other applications, key vendors are targeting niche applications that are expected to offer strong growth opportunities. The powder coatings market in Russia is expected to see strong growth, posting a CAGR of 9.19% during the forecast period of 2014-2019.
Increased investment in rail and road services, infrastructure projects by the government, and private funding have contributed to the growth of this industry. The demand for powder coatings for these applications has also increased significantly, and key vendors are enhancing their presence in the country to secure a greater market share.
“Demand for powder coatings that can be applied on heat-sensitive substrates, such as wood, has increased in the market,” says Faisal Ghaus, Vice President of Technavio Research.
“Several vendors are focusing their R&D efforts on the development of powder coatings with lower baking temperatures, to minimize any negative impact they may have on heat-sensitive substrates.”
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%…
