Global Consumer Appliance Coatings Market Overview:
A coating is a covering that is applied to the surface of an object, usually referred to as the substrate. Consumer appliance coatings mainly contain epoxy, epoxy PE hybrid and thermoplastic. Due to the consistent economic growth in the Asia-Pacific countries, the demand for home appliances is growing at a significant rate. Furthermore, the technological advancements in smartphone features, such as easy access to the Internet, are boosting the demand for consumer appliance coatings industry. Some of the key players profiled in the study are Akzo Nobel N.V. (Netherland), Axalta Coatings System (United States), PPG Industries (United States), Jotun (Norway), Sherwin-Williams (Unites States), Nippon Paint (Japan), Shandong Meijia Group Co. Ltd. (China), Lucky Huaguang Graphics Co. Ltd (China), Guangzhou Kinte Group (China) and Zhejiang Huacai Chemical Co., Ltd. (China).
On the basis of geography, the market of Consumer Appliance Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Water-based will boost the Consumer Appliance Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Eco-Friendly Coatings
- Surging Need for Efficient Process and Durable Coatings with Better Aesthetics
- Increase in Population Worldwide and the Rise in Disposable Incomes in Emerging Economies
- Development of New Anti-Slip Coating Technology
- Stringent Regulatory Policies
- Increasing Use of Nano-Coatings Worldwide
- The Growth in Industrialisation and Urbanisation Globally
- Lack of Consumer Awareness About the Use and Benefits of Waterborne Coatings in Developing Nations
In December 2018, Akzo Nobel N.V. has signed and closed the acquisition of Swire Industrial Limitedís minority interest in the AkzoNobel Swire Paints (ANSP) joint venture. AkzoNobel acquires full ownership of Chinese decorative paints joint venture
The Federal Hazardous Substances Act (FHSA) requires precautionary labeling on the immediate container of hazardous household products to help consumers safely store and use those products and to give them information about immediate first aid steps to take if an accident happens. The Act also allows the Consumer Product Safety Commission to ban certain products that are so dangerous or the nature of the hazard is such that the labeling the act requires is not adequate to protect consumers.
Target Audience:Personal Coatings Manufacturers, Raw Material Suppliers, Manufacturing Type Providers and Industry Associations
Major Objectives Focused through this Study To define, describe, and forecast the Global Consumer Appliance Coatings market on the basis of product [Epoxy coating, Epoxy PE hybrid coating and Others] , application [Refrigeration, Large Cooking Appliance, Home Laundry and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Consumer Appliance Coatings market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Consumer Appliance Coatings industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Consumer Appliance Coatings market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.