Latest industry survey by Fact MR, predicts sales of Consumer Appliance Coatings to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Consumer Appliance Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Consumer Appliance Coatings Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Consumer Appliance Coatings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Consumer Appliance Coatings
Revenues in the consumer appliance coatings market are expected to grow at a robust 5.4% CAGR between 2021 and 2031, reaching a value of US$ 1.4 Bn in 2021. As per Fact.MR’s analysis, key players are relying on innovations, product developments, and sustainability initiatives to gain an edge in the market.
Top 5 players account for nearly 45% share in the market. Globally, the key exporters of consumer appliance coatings include the U.S., China, and Japan. This newly published and insightful report sheds light on Market Insights of Consumer Appliance Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Consumer Appliance Coatings Market.
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Market Segmentation
Fact.MR’s research study assesses the global consumer appliance coatings market in terms of application, resin, and region.
This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global consumer appliance coatings market.
· Application
- Refrigeration
- Large Cooking Appliances
- Home Laundry
- Other Applications
· Resin
- Epoxy
- Epoxy PE Hybrid
- Other Resins
· Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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Key Takeaways from Consumer Appliance Coatings Market Report
- Increasing application of consumer appliance coatings in refrigeration is expected to bolster the growth of the market throughout the forecast period.
- In terms of resins, epoxy is anticipated to lead the global consumer appliance coatings market.
- Large cooking appliances will remain another lucrative segment in terms of application.
- Owing to high demand from countries such as China. India, and others, Asia Pacific will maintain its lead over the forecast period.
- China, being world’s largest market for consumer appliances and large number of domestic manufacturers, will fuel sales of consumer appliance coatings throughout the forecast period.
- Despite being negatively impacted by the outbreak of novel coronavirus, the global consumer appliance coatings market will exhibit slow, yet steady recovery, by the end of 2021.
“The global epoxy resins industry was valued at an estimated US$ 6.4 billion in 2015, and is growing steadily to reach US$ 9 billion in the next few years. Epoxy resins, being a highly required resin type of consumer appliance coatings, is expected to propel the growth of the market over the coming years,” says a Fact.MR analyst.
Consumer Appliance Coatings Market: Competitive Landscape
With competition getting fiercer, key players in the consumer appliance coatings market are emphasizing on launching quality products suitable for broad categories of applications, from home laundry to refrigeration.
For instance,
- Akzo Nobel NV launched its new range of domestic appliance coatings for a broad range of appliances such as central heating and radiators, freezers, air conditioning units, and others, with emphasis on minimizing harmful emissions and waste into the environment.
- Axalta Coating Systems launched its new range of liquid and powder consumer appliance coatings, including the 3-wet system, 2-wet monocoat, voltatex, and others.
- Jotun A/S launched its new extensive range of consumer appliance coatings such as powder coatings, decorative coatings, protective coatings, and others, with long-lasting finishes, corrosion resistance, and fouling protection.
Some of the companies profiled in the consumer appliance coating market report are Nippon Paint Co., Ltd, PPG Industries, Inc., The Sherwin-Williams Company, and Tiger Corporation.
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Report Benefits & Key Questions Answered
- Consumer Appliance Coatings Company & brand share analysis: The report offers brand-share analysis on Consumer Appliance Coatings market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Consumer Appliance Coatings Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Consumer Appliance Coatings Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Consumer Appliance Coatings Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Consumer Appliance Coatings Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Consumer Appliance Coatings: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Consumer Appliance Coatings sales.
More Valuable Insights on Consumer Appliance Coatings Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Consumer Appliance Coatings, Sales and Demand of Consumer Appliance Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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