Report Estimates European Powder Coatings Market at 373,000 Tons
LONDON - The market for powder coatings in Europe is estimated at almost 373,000 tons, according to the recently published third report on this sector by London-based Information Research (IRL). The study takes into account the 16 key economies of Western Europe and the five major economies from Eastern Europe (Czech Republic, Hungary, Poland, Russia and Turkey). Demand is apportioned across the two regions, with Western Europe accounting for nearly 310,000 tons and the Eastern European markets the other 63,000 tons.
The report gives the overall characteristics of the Western European market and explains how consumption patterns vary with national strengths. For example, Italy, where output of powder coatings now approaches 110,000 tons, is now a market of 86,000 tons and the outright leader in every application except automotive-component finishing, where Germany beats it into a close second place. Building on its strong reputation for powder coatings, Italy is now a vigorous exporter of powder coatings, probably to Eastern Europe.