Market Trends of Consumer Appliance Coatings Industry
This section covers the major market trends shaping the Consumer Appliance Coatings Market according to our research experts:
Epoxy Polyesters (PE) Coatings Dominates the Market
- Polyesters are used for both internal and exterior products, but the exact specification is tailored to the particular application.
- PE coatings are the basis of most internal applications of pre-painted metal. Often the coatings can be the same as the basic exterior polyesters, but many variations are used.
- Several indoor applications are subject to greater scrutiny than exterior applications, therefore, high-quality aesthetics are important, and are often coupled with good formability, for forming into specific parts, and a high degree of scratch resistance
- All of these properties can be available in polyester coatings, which are used in highly decorative applications, such as the front panels of electronic appliances, and functional applications, such as ducting, thereby, propelling the demand for epoxy-polyester coatings.
- The aforementioned factors are likely to increase the demand for the consumer appliance coatings market over the forecast period.
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China to Dominate the Asia-Pacific Region
- China is the world’s largest market for consumer appliances and the domestic manufacturers dominate in the region.
- Rapidly rising living standards and a large number of new households have resulted in an increase in the consumption of consumer appliances coatings.
- Furthermore, the newer applications of consumer appliance coatings, such as fluoropolymer coatings, will offer numerous opportunities for the growth of the global consumer appliance coatings market.
- A growing interest in energy and water efficiency appliances will drive the market for consumer appliances coatings in the forecast period.
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