Research and Markets: Powder Coatings Market in the Czech Republic 2015-2019: Increase in Outsourcing of Manufacturing Activities to Czech Republic
May 12, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/k5xzsz/powder_coatings) has announced the addition of the “Powder Coatings Market in the Czech Republic 2015-2019” report to their offering.
Powder coatings are a type of solvent-free coating products that are used to provide a dry finishing process. They are known for their high-quality and durable finish. These coatings emit few volatile organic compounds and are, hence, eco-friendly compared to solvent-borne coatings. Powder coatings are composed of resins, additives, curing agents, extenders or fillers, and tint pigments.
The analysts forecast the powder coatings market in Czech Republic to grow at a CAGR of 7.04 percent over the period 2014-2019.
Key vendors
– AkzoNobel
– Jotun A/S
– The Helios Group
– The Protech Group
Other prominent vendors
– Axalta
– IGP Powder Coatings
– Karl Bubenhofer
– PPG Industries
– ST Powder Coatings
– TIGER Coatings
– Valspar
Commenting on the report, an analyst from the team said: An increasing number of vendors of powder coatings in Western Europe are outsourcing their manufacturing activities to the Czech Republic, which has lower labor and procurement costs compared with countries in Western Europe. Although there are growing concerns about the rapid increase in labor costs in the country, the overall cost levels during the forecast period are expected to remain much lower than in Western Europe. Moreover, since the Czech Republic is located strategically, connecting Western Europe with the Middle East, customer proximity becomes an added advantage.
Further, the report states that declining demand from the automotive industry is expected to restrict the market growth.
For more information visit http://www.researchandmarkets.com/research/k5xzsz/powder_coatings
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