RAL1004 golden yellow electrostatic thermoset powder coating for Excellent appearance

RAL1004 golden yellow electrostatic thermoset powder coating for Excellent appearance

Volatility in raw materials prices and supply issues are expected to hamper the market growth. Raw materials for thermosetting polymers are crude oil derivatives and are subjected to crude oil price volatility and demand – supply dynamics.

Asia Pacific emerged as the largest market for thermosetting powder coatings market in terms of production and consumption.Europe followed Asia Pacific in terms of consumption of thermosetting powder coatings. North America was the third largest market due to stagnated demand. The demand is expected to increase in the region due to increased availability of low cost of energy suppliers that will reduce the cost of applying powder coatings.

Global thermosetting powder coatings market was fragmented but it is on the verge of consolidation. Manufacturers have shifted their manufacturing bases to China from North America and Europe. Another reason for consolidation is low profitability due to overcapacities and stagnated demand in developed countries. Manufactures are competing based in prices due to intense competition in the market.