Europe Powder Coating Market to Cross $ 3 Billion by 2024: TechSci Research


Posted March 4, 2020 by Techsci-research

Increasing technological advancements, stringent environment regulations and rising applications across various end-user industries to fuel Europe powder coating market

 
According to TechSci Research report “Europe Powder Coating Market By Resin Chemistry, By End User, By Country, Competition, Forecast & Opportunities, 2014 - 2024’’, powder coating market in Europe is forecast to reach $ 3.09 billion by 2024. Environment regulations limiting Volatile Organic Compounds (VOCs) and waste disposal regulations in Europe are resulting in new product developments by the leading players. Powder coatings release nearly zero Volatile Organic Compounds (VOCs) and contain no heavy metals (such as lead or chromium), which are responsible for ozone layer depletion. Moreover, powder coatings have up to 99% active ingredient material that can be recycled, thereby minimizing waste.

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Polyester based power coating dominate the market, as developed countries like Germany, France, Russia & Spain generate huge demand for polyester based powder coating due to its preference on account of higher outdoor durability. Polyester based powder coating are widely used in automobile and architectural sectors. Polyester based powder coating gives a uniform quality finish and have a longer life along with being corrosion resistant.

Some of the major players operating in Europe powder coating market include AkzoNobel N.V., Axalta Coating Systems LLC, The Sherwin Williams Company, The Jotun Group, DSM Coating Resins, Allnex, PPG Industries Inc., Primatek Coatings OÜ, The Protech-Oxyplast Group, CIN Industrial Coatings S.A., EMIL FREI GMBH & CO. KG, Teknos Group, among others. Stringent Environmental Norms in Europe regarding waste disposal and VOC emissions, increasing demand from end user industries and rising customer demand for enhanced performance are expected to positively influence the powder coating market in Europe during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“Europe Powder Coating Market By Resin Chemistry, By End User, By Country, Competition, Forecast & Opportunities, 2014 - 2024’’ has evaluated the future growth potential of Europe Powder Coating market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe Powder Coating market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Last Updated March 4, 2020