Electrical Appliance Coatings Market – Global Industry Analysis and Forecast (2022-2027) by Type, Application and Region

By 2027, the Electrical Appliance Coatings Market is expected to reach US $ 9.98 billion, thanks to growth in the Entertainment segment. The report analyzes market dynamics by region and end-user industries.

Electrical Appliance Coatings Market Overview:

The global electrical appliance coatings market was valued at US $ 6.91 Bn. in 2021, and it is expected to reach US $ 9.98 Bn. by 2027 with a CAGR of 6.32% during the forecast period. Coatings for electrical appliances combine long-term durability with innovative designs. Refrigerators, washing machines, dryers, dishwashers, and ovens are all coated with electrical appliance coatings to protect and enhance their appearance. Global Electrical Appliance Coatings Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered a base year however 2021's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Electrical Appliance Coatings Market Dynamics:

Product efficiency is improved by research activities. The demand for high-performance electrical appliance coatings has increased significantly in recent years. The potential of high-performance electrical appliance coatings to assist in maintaining and improving product durability is one of the key aspects driving this increased demand. As a result, some companies are incorporating cutting-edge coating technologies into their goods to improve application efficiency. Aside from that, key players in the electrical appliance coatings market are increasingly focused on improving device durability, colour, functionality, and design. Players are concentrating their efforts on developing novel antiviral technologies. The ongoing research and development by prominent players in the market to develop advanced coatings are expected to create lucrative growth opportunities for the market during the forecast period. The recent COVID-19 pandemic led a significant percentage of the global population to opt for products that provide virus protection. As a result of this situation, companies in the worldwide electrical appliance coatings market have been driven to develop revolutionary technologies with anti-vital qualities. Stringent environmental regulations. The majority of plastics are non-biodegradable and can stay for decades in the environment. To manage the production of plastics and plastic waste, numerous regulations have been imposed on the manufacture of plastics as well as their use in various end-use sectors. For example, in the United States, the use of polycarbonate in food-contact applications is restricted. The electrical appliance films market is expected to suffer as a result of these laws and environmental concerns. As a result, the global market for electrical appliance coatings is expected to suffer.

Electrical Appliance Coatings Market Segment Analysis:

Based on Type, the global electrical appliance coatings market is segmented into six types as follows, epoxies, acrylics, alkyds, polyurethanes, polycarbonates, and others. In 2021, the polyurethane segment was dominant and held xx% of the overall market share in terms of revenue because of increased consumption from the end-user electrical appliances industry. Following an early assessment of the pandemic's commercial challenges and the resulting economic crisis, the epoxies segment is expected to grow at a CAGR of xx% during the forecast period. The polyurethanes segment is expected to grow at a CAGR of xx% and expected to reach US $xx billion by 2027. Global Electrical Appliance Coatings Market Based on Application, the global electrical appliance coatings market is segmented into seven types as follows, Refrigeration appliances, Laundry appliances, Dishwashers, Air Treatment appliances, Cooking appliances, Personal care appliances, and Entertainment appliances. In 2021, the Entertainment appliances segment was dominant because of the COVID-19 pandemic that made people to sit at home and enjoy entertainment and held xx% of the overall market share in terms of revenue. The segment is expected to be dominant growing with a CAGR of xx% during the forecast period.

Electrical Appliance Coatings Market Regional Insights:

In 2021, the Asia Pacific region dominated the market accounting for 53.31% of the overall market share in terms of revenue. Asia Pacific is a major manufacturing center for the world. Low-cost labour, lax government restrictions, low-cost raw materials, and high demand for electrical appliances have made the Asia Pacific countries like China, Thailand, Malaysia, India, South Korea, and Indonesia appealing manufacturing sites for a variety of electrical appliance brands. China, the world's second-largest economy, is expected to grow at a CAGR of xx% and is expected to reach a market size of US $xx billion by 2027, over the forecast period. Other notable geographic markets include Japan and Canada, which are expected to grow at xx% and xx%, respectively, throughout the forecast period. Germany is expected to grow at a CAGR of around xx% within Europe during the forecast period. Europe is also a major player in the global market for electrical appliance coatings. Europe produces a wide range of electrical appliances, including tiny kitchen appliances, food preparation machines, and dishwashers. As a result, electrical appliance coatings are in great demand in the region. This is driving the European market for electrical appliance coatings. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Electrical Appliance Coatings Market Scope: Inquire before buying

Global Electrical Appliance Coatings Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.91 Bn.
Forecast Period 2022 to 2027 CAGR: 6.32% Market Size in 2027: US $ 9.98 Bn.
Segments Covered: by Type • Epoxies • Acrylics • Alkyds • Polyurethanes • Polycarbonates • Others
by Application • Refrigeration appliances • Laundry appliances • Dishwashers • Air Treatment appliances • Cooking appliances • Personal care appliances • Entertainment appliances

Electrical Appliance Coatings Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Electrical Appliance Coatings Market Key Players

Henkel AG & Co. KGaA • Koninklijke DSM N.V. (Royal DSM) • Evonik Industries AG • Elantas GmbH • Nippon Electric Glass Co., Ltd. • Axalta Coating Systems Ltd. • GMM Development Limited • CEKO Inc. • AGC Chemicals Europe Ltd. • DSM Coatings • Rust-Oleum • Krylon Coatings • Giani Coatings • Sovifor Coatings • Erie Powder Coatings • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Electrical Appliance Coatings market report? Ans. The considered forecast period for the electrical appliance coatings market is 2022-2027. 2. Which key factors are challenging the growth of the Electrical Appliance Coatings market? Ans. The stringent environmental rules and regulations regarding plastic use for coatings use is the only key factor expected to challenge the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Electrical Appliance Coatings market for the next 6 years? Ans. The global electrical appliance coatings market is expected to grow at a CAGR of 6.32% during the forecast period (2022-2027). 4. What are the key factors driving the growth of the Electrical Appliance Coatings market? Ans. The increasing focus of key players to develop antiviral technology appliances along with improving its efficiency is the key factor expected to drive the growth of the electrical appliance coatings market during the forecast period. 5. Which are the worldwide major key players covered for the Electrical Appliance Coatings market report? Ans. Henkel AG & Co. KGaA, Koninklijke DSM N.V. (Royal DSM), Evonik Industries AG, Elantas GmbH, Nippon Electric Glass Co., Ltd., Axalta Coating Systems Ltd., GMM Development Limited, CEKO Inc., AGC Chemicals Europe Ltd., DSM Coatings, Rust-Oleum, Krylon Coatings, Giani Coatings, Sovifor Coatings, Erie Powder Coatings, and Others.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Electrical Appliance Coatings Market Size, by Market Value (US $Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Electrical Appliance Coatings Market 3.4. Geographical Snapshot of the Electrical Appliance Coatings Market, By Manufacturer share 4. Global Electrical Appliance Coatings Market Overview, 2021-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Electrical Appliance Coatings Market 5. Supply Side and Demand Side Indicators 6. Global Electrical Appliance Coatings Market Analysis and Forecast, 2021-2027 6.1. Global Electrical Appliance Coatings Products Market Size & Y-o-Y Growth Analysis. 7. Global Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 7.1.1. Epoxies 7.1.2. Acrylics 7.1.3. Alkyds 7.1.4. Polyurethanes 7.1.5. Polycarbonates 7.1.6. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 7.2.1. Refrigeration appliances 7.2.2. Laundry appliances 7.2.3. Dishwashers 7.2.4. Air Treatment appliances 7.2.5. Cooking appliances 7.2.6. Personal care appliances 7.2.7. Entertainment appliances 8. Global Electrical Appliance Coatings Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 9.1.1. Epoxies 9.1.2. Acrylics 9.1.3. Alkyds 9.1.4. Polyurethanes 9.1.5. Polycarbonates 9.1.6. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 9.2.1. Refrigeration appliances 9.2.2. Laundry appliances 9.2.3. Dishwashers 9.2.4. Air Treatment appliances 9.2.5. Cooking appliances 9.2.6. Personal care appliances 9.2.7. Entertainment appliances 10. North America Electrical Appliance Coatings Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 12. Canada Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 13. Mexico Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 14. Europe Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 15. Europe Electrical Appliance Coatings Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 17. France Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 18. Germany Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 19. Italy Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 20. Spain Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 21. Sweden Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 22. CIS Countries Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 23. Rest of Europe Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 24. Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 25. Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 27. India Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 28. Japan Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 29. South Korea Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 30. Australia Fungicide Market Analysis and Forecasts, 2021-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 31. ASEAN Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 32. Rest of Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 33. Middle East Africa Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 34. Middle East Africa Electrical Appliance Coatings Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 36. GCC Countries Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 37. Egypt Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 38. Nigeria Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 39. Rest of ME&A Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 40. South America Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 41. South America Electrical Appliance Coatings Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 43. Argentina Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 44. Rest of South America Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2021-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Electrical Appliance Coatings Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Henkel AG & Co. KGaA 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Koninklijke DSM N.V. 45.3.3. Evonik Industries AG 45.3.4. Elantas GmbH 45.3.5. Erie Powder Coatings 45.3.6. Nippon Electric Glass Co. Ltd. 45.3.7. Axalta Coating Systems Ltd. 45.3.8. GMM Development Limited 45.3.9. CEKO Inc. 45.3.10. AGC Chemicals Europe Ltd. 45.3.11. DSM 45.3.12. Rust-Oleum 45.3.13. Krylon 45.3.14. Giani 45.3.15. Sovifor 45.3.16. Others 46. Primary Key Insights

About This Report

Report ID 118655
Category Material & Chemical
Published Date Sep 2021
Updated Date March 2022
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