Powder Coatings Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Germany, France - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 166 SKU: IRTNTR75651

Powder Coatings Market Forecast 2023-2027

The global powder coating market size is projected to reach a value of USD 4.19 billion, with an accelerated CAGR of 5.2% between 2022 and 2027. In 2017, APAC held the largest market share, projecting an annual revenue of USD 5.30 billion. The consumer appliances segment is becoming the preferred choice for customers who seek durability and style in their outdoor furniture, with powder-coated finishes. This market trends and analysis report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.

Market Dynamic

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Market Driver 

The industries have very less long-term cost which is a key factor driving the growth of the market. Compared to the liquid coating process, offers significantly lower long-term costs, mainly due to faster throughput and more efficient utilization of coating materials. During the industrial powder coating's curing phase, parts can be swiftly assembled, packaged, and shipped upon cooling, minimizing warehousing time. Manufacturers are facing challenges in developing environmentally friendly products as it involves higher costs and effort. 

Market Trends

The global coating industry has witnessed a transformative shift with the rise of powder coatings. These coatings, celebrated for their exceptional durability, eco-friendliness, and cost-effectiveness, have revolutionized sectors such as furniture and automotive manufacturing. Their superior resilience challenges the traditional dominance of liquid coatings by offering unmatched environmental advantages and long-lasting protection. The momentum signifies a significant transformation in the global market. Industries are recognizing the unique benefits, such as reduced environmental impact and enhanced durability, driving a steady shift away from liquid coatings.

Market Segmentation

The consumer appliances segment is estimated to witness significant growth during the forecast period and was valued at USD 3.96 billion in 2017. It has become the go-to choice for ensuring longevity and aesthetic look for outdoor furniture with powder coated outdoor furniture. The application on coated patio furniture offers remarkable benefits, including enhanced durability, resistance to corrosion, and a wide range of color options. This advanced coating method has gained significant traction in the powder-coated outdoor furniture industry, as it provides a protective layer that withstands harsh weather conditions and regular wear and tear.

Moreover, market has witnessed substantial growth due to the rising demand for durable and eco-friendly coating solutions. Aluminium powder coating and steel powder coating are particularly popular in various sectors, including automotive, construction, and manufacturing. 

Automotive powder coating offers exceptional durability, protection against corrosion, and an extensive color palette, making it an ideal choice for enhancing the aesthetics and longevity of vehicles. Additionally, it provides efficient processing times, reducing production delays and costs in the automotive industry. In conclusion, the increased durability has had a profound impact on various industries. From powder-coated outdoor furniture, the advantages of this advanced coating method, including superior durability, environmental friendliness, and cost-effectiveness, have driven its widespread adoption. 

Market  - Revenue Share by End-User Segment, 2017 - 2027.   

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Regional Analysis

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape market research and growth during the forecast period. The Asia-Pacific (APAC) market is experiencing a significant surge, primarily fueled by strong consumption in various sectors. Industries such as consumer appliances, automotive, construction, and outdoor furniture are driving the growth of this market. Notably, is playing a crucial role in the expansion of the APAC market. Additionally, it has a high demand in the construction sector. Key countries contributing to the growth of the APAC market include China, India, Japan, and South Korea. These countries are experiencing rapid industrialization and boast a diverse vendor landscape, further propelling market expansion.

Market Size, By Region, Global, 2017 - 2027.   

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Market Companies Overview

The market is fragmented in nature. Some significant players include Akzo Nobel NV and American Powder Coatings Inc.

The market analysis and report also includes detailed analyses of the competitive landscape and market forecasting information about 15 market companies, including:

Arkema Group, Asian Paints Ltd., Axalta Coating Systems LLC., BASF SE, Berger Paints India Ltd., Covestro AG, FERRO South Africa PTY LTD., Fortunecoat Industries Pvt. Ltd., Jotun AS, Kansai Paint Co. Ltd., Keyland Polymer Material Sciences LLC, Liberty Coatings LLC, PPG Industries Inc., RPM International Inc., Solvay SA, The Sherwin Williams Co., VITRACOAT, and Wacker Chemie AG.

Market Analyst Overview

The powder coating market encompasses various segments including general, industrial, and architectural applications, offering advantages such as corrosion resistance, chemical resistance, and heat resistance. Within the coatings sector, there is a growing concern over VOC emissions and environmental damage, prompting the industry to focus on sustainable solutions. With the rise of the EV sector, there is a shift towards coatings that minimize operating costs while enhancing performance. Innovations like thin-film powder coatings improve flow properties and reduce edge build-ups, catering to demands for uniform flow and smoothness. Additionally, advancements in polyurethane resins and high-performance fluorine resin coatings are transforming the automotive segment, offering superior surfaces with minimal hazardous emissions.

Segment Overview

The market forecast market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017- 2027.   

  • End-user Outlook (USD Million, 2017 - 2027)
    • Consumer appliances|
    • Automotive
    • Architecture
    • Furniture
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Thermoset
    • Thermoplastic
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Powder Coatings Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.2%

Market growth 2023-2027

USD 4191.98 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.75

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 39%

Key countries

US, China, India, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Akzo Nobel NV, American Powder Coatings Inc., Arkema Group, Asian Paints Ltd., Axalta Coating Systems LLC., BASF SE, Berger Paints India Ltd., Covestro AG, FERRO South Africa PTY LTD., Fortunecoat Industries Pvt. Ltd., Jotun AS, Kansai Paint Co. Ltd., Keyland Polymer Material Sciences LLC, Liberty Coatings LLC, PPG Industries Inc., RPM International Inc., Solvay SA, The Sherwin Williams Co., VITRACOAT, and Wacker Chemie AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global powder coatings market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global powder coatings market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Consumer appliances - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Consumer appliances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Consumer appliances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Consumer appliances - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Consumer appliances - Year-over-year growth 2022-2027 (%)
    • 6.4 Automotive - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.5 Architecture - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Architecture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Architecture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Architecture - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Architecture - Year-over-year growth 2022-2027 (%)
    • 6.6 Furniture - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Furniture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Furniture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Furniture - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Furniture - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Thermoset - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Thermoset - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Thermoset - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Thermoset - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Thermoset - Year-over-year growth 2022-2027 (%)
    • 7.4 Thermoplastic - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Thermoplastic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Thermoplastic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Thermoplastic - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Thermoplastic - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Akzo Nobel NV
              • Exhibit 123: Akzo Nobel NV - Overview
              • Exhibit 124: Akzo Nobel NV - Business segments
              • Exhibit 125: Akzo Nobel NV - Key news
              • Exhibit 126: Akzo Nobel NV - Key offerings
              • Exhibit 127: Akzo Nobel NV - Segment focus
            • 12.4 Arkema Group
              • Exhibit 128: Arkema Group - Overview
              • Exhibit 129: Arkema Group - Business segments
              • Exhibit 130: Arkema Group - Key news
              • Exhibit 131: Arkema Group - Key offerings
              • Exhibit 132: Arkema Group - Segment focus
            • 12.5 Asian Paints Ltd.
              • Exhibit 133: Asian Paints Ltd. - Overview
              • Exhibit 134: Asian Paints Ltd. - Business segments
              • Exhibit 135: Asian Paints Ltd. - Key offerings
              • Exhibit 136: Asian Paints Ltd. - Segment focus
            • 12.6 Axalta Coating Systems LLC.
              • Exhibit 137: Axalta Coating Systems LLC. - Overview
              • Exhibit 138: Axalta Coating Systems LLC. - Business segments
              • Exhibit 139: Axalta Coating Systems LLC. - Key offerings
              • Exhibit 140: Axalta Coating Systems LLC. - Segment focus
            • 12.7 BASF SE
              • Exhibit 141: BASF SE - Overview
              • Exhibit 142: BASF SE - Business segments
              • Exhibit 143: BASF SE - Key news
              • Exhibit 144: BASF SE - Key offerings
              • Exhibit 145: BASF SE - Segment focus
            • 12.8 Berger Paints India Ltd.
              • Exhibit 146: Berger Paints India Ltd. - Overview
              • Exhibit 147: Berger Paints India Ltd. - Product / Service
              • Exhibit 148: Berger Paints India Ltd. - Key offerings
            • 12.9 Fortunecoat Industries Pvt. Ltd.
              • Exhibit 149: Fortunecoat Industries Pvt. Ltd. - Overview
              • Exhibit 150: Fortunecoat Industries Pvt. Ltd. - Product / Service
              • Exhibit 151: Fortunecoat Industries Pvt. Ltd. - Key offerings
            • 12.10 Jotun AS
              • Exhibit 152: Jotun AS - Overview
              • Exhibit 153: Jotun AS - Business segments
              • Exhibit 154: Jotun AS - Key offerings
              • Exhibit 155: Jotun AS - Segment focus
            • 12.11 Kansai Paint Co. Ltd.
              • Exhibit 156: Kansai Paint Co. Ltd. - Overview
              • Exhibit 157: Kansai Paint Co. Ltd. - Business segments
              • Exhibit 158: Kansai Paint Co. Ltd. - Key offerings
              • Exhibit 159: Kansai Paint Co. Ltd. - Segment focus
            • 12.12 Keyland Polymer Material Sciences LLC
              • Exhibit 160: Keyland Polymer Material Sciences LLC - Overview
              • Exhibit 161: Keyland Polymer Material Sciences LLC - Product / Service
              • Exhibit 162: Keyland Polymer Material Sciences LLC - Key offerings
            • 12.13 PPG Industries Inc.
              • Exhibit 163: PPG Industries Inc. - Overview
              • Exhibit 164: PPG Industries Inc. - Business segments
              • Exhibit 165: PPG Industries Inc. - Key offerings
              • Exhibit 166: PPG Industries Inc. - Segment focus
            • 12.14 RPM International Inc.
              • Exhibit 167: RPM International Inc. - Overview
              • Exhibit 168: RPM International Inc. - Business segments
              • Exhibit 169: RPM International Inc. - Key offerings
              • Exhibit 170: RPM International Inc. - Segment focus
            • 12.15 Solvay SA
              • Exhibit 171: Solvay SA - Overview
              • Exhibit 172: Solvay SA - Business segments
              • Exhibit 173: Solvay SA - Key news
              • Exhibit 174: Solvay SA - Key offerings
              • Exhibit 175: Solvay SA - Segment focus
            • 12.16 The Sherwin Williams Co.
              • Exhibit 176: The Sherwin Williams Co. - Overview
              • Exhibit 177: The Sherwin Williams Co. - Business segments
              • Exhibit 178: The Sherwin Williams Co. - Key news
              • Exhibit 179: The Sherwin Williams Co. - Key offerings
              • Exhibit 180: The Sherwin Williams Co. - Segment focus
            • 12.17 Wacker Chemie AG
              • Exhibit 181: Wacker Chemie AG - Overview
              • Exhibit 182: Wacker Chemie AG - Business segments
              • Exhibit 183: Wacker Chemie AG - Key offerings
              • Exhibit 184: Wacker Chemie AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
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                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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