Increase in demand for application on medium-density fiberboard (MDF) is expected to drive the market growth during the forecast period. Vendors of MDF are increasingly opting for thermoset powder coatings over liquid-based alternatives, as they offer durability and design freedom.
“The powder coatings market in Italy has recently seen the introduction of various types of functional coatings like flexible elastic coatings, thin-film coatings, scratch resistant coatings, stress cracking coatings, and anti-graffiti coatings,” said Faisal Ghaus, vice president of Technavio Research.
“Vendors in the market collaborate closely with customers and provide customized powder coatings for niche applications. It is expected that the use of functional powder coatings in Italy will expand, as compared to other powder coating categories.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.