Home Laundry Coatings An Insight On the Important Factors and Trends Influencing the Market

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)

Scope of the Report

A recent study by Fact.MR on the consumer appliance coatings market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining market growth.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of consumer appliance coatings.

The study also provides the dynamics that are responsible for influencing the future status of the consumer appliance coatings market over the forecast period.

A detailed assessment of the consumer appliance coatings value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the consumer appliance coatings market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the consumer appliance coatings market across the globe.

A comprehensive estimate on the consumer appliance coatings market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period.

Price point comparison by region with global average price is also considered in the study.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the consumer appliance coatings market report, which have helped deliver projections on regional markets.

These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the consumer appliance coatings market during the forecast period.

Country-specific valuation on demand for consumer appliance coatings has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries.

For all regional markets, Y-o-Y growth estimates have also been incorporated in the report. Detailed breakup in terms of value for emerging countries has also been included in the report.

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.

Increase in Demand from Refrigeration Segment Catalyzing Growth

With the consumer appliances industry, especially the refrigeration segment expanding fast, demand for consumer appliance coatings is increasing rapidly across the globe. As the global refrigeration industry is growing at over 4% CAGR, the consumer appliance coatings market is experiencing high demand.

Rise in adoption of natural refrigerant-based systems coupled with government support to strengthen cold chain infrastructure is spurring the growth of the refrigerator industry, which, in turn, is aiding the growth of the consumer appliance coatings market.

Recently, the Government of India has started allowing 100% Foreign Direct Investment (FDI) in the cold chain sector in order to improve cold chain infrastructure. Under this policy, a minimum investment of US$ 100 is required, with at least 50% investment in back-ended infrastructure.

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.

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)

Scope of the Report

A recent study by Fact.MR on the consumer appliance coatings market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining market growth.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of consumer appliance coatings.

The study also provides the dynamics that are responsible for influencing the future status of the consumer appliance coatings market over the forecast period.

A detailed assessment of the consumer appliance coatings value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the consumer appliance coatings market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the consumer appliance coatings market across the globe.

A comprehensive estimate on the consumer appliance coatings market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period.

Price point comparison by region with global average price is also considered in the study.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the consumer appliance coatings market report, which have helped deliver projections on regional markets.

These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the consumer appliance coatings market during the forecast period.

Country-specific valuation on demand for consumer appliance coatings has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries.

For all regional markets, Y-o-Y growth estimates have also been incorporated in the report. Detailed breakup in terms of value for emerging countries has also been included in the report.

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.

Increase in Demand from Refrigeration Segment Catalyzing Growth

With the consumer appliances industry, especially the refrigeration segment expanding fast, demand for consumer appliance coatings is increasing rapidly across the globe. As the global refrigeration industry is growing at over 4% CAGR, the consumer appliance coatings market is experiencing high demand.

Rise in adoption of natural refrigerant-based systems coupled with government support to strengthen cold chain infrastructure is spurring the growth of the refrigerator industry, which, in turn, is aiding the growth of the consumer appliance coatings market.

Recently, the Government of India has started allowing 100% Foreign Direct Investment (FDI) in the cold chain sector in order to improve cold chain infrastructure. Under this policy, a minimum investment of US$ 100 is required, with at least 50% investment in back-ended infrastructure.

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.