Electrical Appliance Coatings Market – Global Industry Analysis and Forecast (2022-2029)


By 2029, the Electrical Appliance Coatings Market is expected to reach US $ 11.28 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 2029 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.Electrical Appliance Coatings MarketTo know about the Research Methodology :- Request Free Sample 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 2029.

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 2029, 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






Electrical Appliance Coatings Market




Base Year
2021
Forecast Period
2022-2029




Historical Data
CAGR
Market Size in 2021
Market Size in 2029




2017 to 2021
6.32%
US$ 6.90 Bn
US$ 11.28 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




Regions Covered




North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America






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 2022-2029.

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 (2022-2029).

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, 2021-2029
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, 2021-2029
6.1. Global Electrical Appliance Coatings Products Market Size & Y-o-Y Growth Analysis.
7. Global Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
7.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
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, 2021-2029
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, 2021-2029
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, 2021-2029
9.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
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, 2021-2029
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, 2021-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
11.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
12. Canada Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
12.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
13. Mexico Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
13.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
14. Europe Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
14.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
15. Europe Electrical Appliance Coatings Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
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, 2021-2029
16.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
17. France Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
17.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
18. Germany Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
18.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
19. Italy Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
19.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
20. Spain Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
20.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
21. Sweden Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
21.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
22. CIS Countries Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
22.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
23. Rest of Europe Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
23.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
24. Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
24.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
25. Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
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, 2021-2029
26.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
27. India Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
27.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
28. Japan Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
28.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
29. South Korea Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
29.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
30. Australia Fungicide Market Analysis and Forecasts, 2021-2029
30.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
31. ASEAN Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
31.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
32. Rest of Asia Pacific Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
32.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
33. Middle East Africa Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
33.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
34. Middle East Africa Electrical Appliance Coatings Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
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, 2021-2029
35.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
36. GCC Countries Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
36.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
37. Egypt Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
37.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
38. Nigeria Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
38.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
39. Rest of ME&A Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
39.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
40. South America Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
40.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
41. South America Electrical Appliance Coatings Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
42.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
43. Argentina Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
43.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
44. Rest of South America Electrical Appliance Coatings Market Analysis and Forecasts, 2021-2029
44.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029
44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029
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
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