2014. It is also estimated that
China is the fastest-growing
market of coatings industry in
the Asia-Pacific region.
The U.S. and China are at the
forefront of waterborne epoxy resins
consumption, while Germany, South
Korea France, Japan, UK and Russia
are other key markets for waterborne
epoxy resin consumption. China is the
key market in Asia-Pacific, consuming
more than half of the demand for the
waterborne epoxy resins, followed by
Japan, Taiwan and South Korea where
consumption is growing at a steady
rate. Increase in the consumption of
waterborne epoxy resins in automotive, construction, textiles, furniture
and packaging has been observed in
Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Construction
is projected to be the fastest-growing
application segment followed between
2015 and 2020.
Technavio Predicts Powder
Coatings Market in Italy
Will Grow
Technavio, an independent tech-focused
global research firm, has announced the
publication of its market research report
on the powder coatings market in Italy
2015-2019.
One of the latest trends emerging in
the market is the increased demand from
coil coatings applications. Such applications are relatively new and account for a
minor share of the powder coatings market in Italy, since alternative technologies
are predominantly used for coil coating
purposes. The powder coatings market in
Italy is expected to grow at a CAGR of
1.61 percent during the forecast period
2014-2019.
Increase in demand for application on
medium-density fiberboard (MDF) is ex-
pected to drive the market growth during
the forecast period. Vendors of MDF are
increasingly opting for thermoset powder
coatings over liquid-based alternatives, as
they offer durability and design freedom.
“The powder coatings market in Italy
has recently seen the introduction of
various types of functional coatings like
flexible elastic coatings, thin-film coatings, scratch resistant coatings, stress
cracking coatings, and anti-graffiti coatings,” said Faisal Ghaus, vice president
of pπ Research.
“Vendors in the market collaborate
closely with customers and provide cus-
tomized powder coatings for niche ap-
plications. It is expected that the use of
functional powder coatings in Italy will
expand, as compared to other powder
coating categories.”
To define the market conditions in
the next three to four years, Technavio
analysts have conducted in-depth anal-
ysis of the impact of market drivers,
challenges and trends featuring data on
product segmentations, vendor shares,
growth rate by revenue and an evalu-
ation of the different buying criteria in
the order of importance. CW
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