Consumer Appliance Coatings Market report 2015-2019 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Consumer Appliance Coatings market research report is a professional and in-depth study on the current state of Consumer Appliance Coatings Industry.
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Analyst predicts the global consumer appliance coatings market to grow at a CAGR of around 7% during the forecast period. The growth of the consumer appliance market globally and the increased demand for solvent-free coatings are the key drivers for the market growth of consumer appliance coatings. The rising demand from emerging markets such as APAC is also expected to boost the market during the forecast period.
The advances being made in coil coatings is also driving the demand for consumer appliance coatings. Silver metallic coatings and faux silver stainless steel finishes are gaining popularity due to the enormous demand for pre-painted metals and stainless steels. Vendors such as Dow Chemicals are introducing new technologies such as Liquid-Applied Sound Damping (LASD) which reduces noise and vibration in home appliances. The use of such technologies is expected to allow for cost-efficient production of coil coatings during the forecast period.
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The consumer appliance coatings market was dominated by four key suppliers who accounted for around 50% of the global market share. However, the market is observing a change in structure due to the entry of small and medium-scale companies that produce coil coatings. Vendors in the market are differentiating their products based on technology, formulation, and service. The availability of crude oil at low rates and proximity to potential markets in Asia are encouraging companies in the Middle East to diversify into the production of specialty chemicals, including coil coatings.
Key Vendors of Consumer Appliance Coatings Market
Other vendors in the market include Axalta, BASF, Beckers, Brillux, IFS Coatings, Jotun, Kansai, Materis, Dymax, Pintuco, Tikkurila, and Tnemec.
Application based segmentation and analysis of the consumer appliance coatings market
• Large cooking appliance
• Home laundry
• Miscellaneous kitchen appliances (dishwasher, microwave, and others)
The refrigeration segment is predicted to register a high growth at a rate of around 7% during the forecast period. The rising income level among the middle-class population in the emerging countries such as China and India will propel the demand for this segment of the market.
Segmentation by resin type and analysis of the consumer appliance coatings market
• Epoxy PE hybrid
The epoxy PE hybrid segment was the second largest segment during 2014 in the consumer appliance coatings market. However, this market research report predicts this segment to witness the fastest growth at a rate of 30% during the forecast period owing to the rise in the powder coatings market globally.
Geographical segmentation and analysis of the global consumer appliance coatings market
APAC accounted for around 38% of the global market share during 2014. This research report predicts this region to witness the fastest growth during the forecast period at a rate of 7%. The growing urbanization and rising purchasing power of consumers in low-tier cities and rural areas in this region are expected to fuel the growth of the region.
In the end, the report makes some important proposals for a new project of Consumer Appliance Coatings Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2015-2019 global Consumer Appliance Coatings industry covering all important parameters.
Key questions answered in Consumer Appliance Coatings market report:
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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