MRO Magazine

Demand for Medium-Density Fiberboard Applications Will Boost the Powder Coatings Market in Belarus: Technavio


May 11, 2015
By Business Wire News

LONDON

Technavio has published a new report on the powder coatings market in Belarus, which is expected to grow at a CAGR of 8% from 2015-2019.

Powder Coatings: About the Report

Powder coatings, known for their high-quality and durable finish, are eco-friendly, solvent-free products. The increasing demand for applications on medium-density fiberboard (MDF) is expected to open huge opportunities in the market.

“Powder coatings are typically used on metal substrates, however, advances in technology have improved the use of powder coatings on engineered wood,” says Faisal Ghaus, Vice President of Technavio.

“MDF vendors are increasingly opting for thermoset powder coatings over liquid-based alternatives, as they offer better durability and design freedom.”

The latest report by Technavio also emphasizes the introduction of powder pipeline coatings. With growing market saturation and high penetration of powder coatings in other applications, key vendors are targeting niche and high-value applications that are expected to offer strong growth opportunities.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and the growth prospects of the powder coatings market in Belarus from 2015-2019. The report considers revenue generated through sales of powder coatings to calculate the market size and rank the leading vendors in the market.

Key Information Covered in the Report:

  • Key Vendors:
    • AkzoNobel NV
    • Helios Group
    • Jotun
    • PPG Industries Inc.
    • The Valspar Corp.
  • Market Growth Drivers:
    • Increasing demand from furniture industry
    • For a full detailed list, view our report.
  • Market Challenges:
    • High competition for indigenous vendors
    • For a full detailed list, view our report.
  • Market Trends:
    • Increase in number of powder coating plants
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the powder coatings market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com