Appliances

Painting tools market to witness remarkable gains from the automotive applications, spray guns to prominently drive the product landscape

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Considering the remarkable contribution of paints & coatings across myriad industrial domains, painting tools market is gaining popularity across the construction, automotive, packaging, and wood coatings sectors to fulfil the requirement of aesthetics via paint application. The advent of automation and the numerous technological advancements coming to the fore by the day have led to the introduction of improved painting techniques. For instance, various automotive giants have of late, attempted to implement robot assisted paint shops, subject to the complications arising in the manual painting process. In addition, robotic painting also reduces the elements of excess labor and toxicity, owing to which companies have been trying to invest in and commercialize robots for industrial painting, thereby augmenting painting tools market share. Such advancements in the operational processes may lead to an increase in productivity and enable convenient utilization of painting techniques, thereby boosting painting tools industry outlook over the years ahead.

North America Painting Tools Market, By Product, 2018 & 2025, (USD Million)
North America Painting Tools Market, By Product, 2018 & 2025, (USD Million)

Growing industrialization and urbanization across the various regions of the globe are likely to fuel the demand for painting tools. Brushes, rollers, gun sprays, etc., are some of the crucial and commonly used painting tools. Various regional governments and private organizations across the globe have been investing heavily in infrastructure developments, subject to the requirement for paints that will prevent chemical attacks, abrasion, and enable protection from UV rays. Nowadays, different types of coatings are available for different kinds of surfaces, which necessitates the requirement of various types of tools. Increasing usage of paints is thus, likely to favor global paints and coatings market, and by extension, will impel painting tools industry share noticeably.

Painting tools market share from construction applications is predicted to witness a CAGR of 6% over 2019-2025, owing to the increasing industrialization and escalating housing need of the rapidly growing population. As per Global Market Insights, Inc., “Worldwide painting tools market will generate a revenue of more than USD 15 billion by 2025.”

Apart from the construction, the product finds applications in the automotive sector as well. Various automotive manufacturing companies such as Audi, Volkswagen, Opel, BMW, and Mercedes-Benz have been using painting tools to improve the appearance of the vehicle via painting. The products are prominently used across Europe, since the region has a strong base of automotive giants. Statistics claim Europe painting tools industry to have garnered a revenue of USD 2 billion in 2018.

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Industrial painting is a rather complex process and requires the usage of highly efficient tools. Painting tools industry giants have been focusing on development of eco-friendly and efficient spraying tools of late, to ease the process of painting. In fact, the electrostatic manual spray gun is one of the emergent technological advancements in spraying tools. With the introduction of new advanced materials such as the Graco designed FRP based spray gun, which is light, reliable, and low maintenance, the complications in the painting process for automobiles has considerably been reduced. Reportedly, spray guns held more than 20% of the painting tools product landscape in 2018, largely driven by their applications in automotive sector.

Industry giants are engaging in strategic collaborations and mergers & acquisitions to widen their customer base across numerous geographies. The key players in painting tools market are Braun Brush Co., Gordon Brush, Richard Tools, EPOS Egypt, Dura Paints, Purdy®, Milton Brushware, MAAN, Mill-Rose Company, Nespoli Group S.p.A, USA Tools, Anderson Products, Shawky Brush & Roller Factory, Harbor Freight Tools, Makinah, and Allway Tools, Inc.

Author Name : Sunil Hebbalkar

Internet of Things soon to revolutionize the global kitchen appliances market

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The concept of ‘smart’ world is being realized at all levels, right from the giant industries to our very own houses. Kitchen, which is the most important part of a home, has also been significantly influenced by the revolutionary trend of the internet of things. This can be well justified by the growing market of kitchen appliances, which is already a billion-dollar industry and is all set to achieve new heights over the coming years. As per a report by Global Market Insights, Inc. “the kitchen appliances market share worth USD 179 billion in 2015, is forecast to surpass a revenue of USD 250 billion by 2023.”The technology has embarked its prominent presence in this market. The manufacturers dealing with the kitchen appliances business space are investing heavily in blending technology with these appliances. Not only the big-ticket products such as refrigerators, but also the smaller devices are being worked on to stay in parallel with the hi-tech advancements and the rising demand for convenient and smart products from the consumers.

Europe kitchen appliances market size, by application, 2012 – 2023 (USD Billion)

Europe kitchen appliances market size, by application, 2012 - 2023 (USD Billion)

The race to win this technology embarked era has already been well started by some of the key manufacturers in this industry. For instance, a recent announcement by LG regarding its HomeChat Service gained a lot of traction by the media worldwide. This concept is based on linking the indispensable kitchen appliances such as refrigerators and ovens to the smartphones, wherein the latter can be used by the users to send messages to these appliances.

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Moreover, another announcement by Samsung on 4th May 2016, made to a big headline and shook the market with a sense of tough competition lying ahead. This was about its new product- ‘Family Hub smart fridge’ which is equipped with all the latest technologies such as camera which enables the fridge to check within itself, touchscreen, games, Wi-Fi, etc. to enhance the user experience. Various other leading players are also participating in this race such as Haier, Electrolux, Philips, Panasonic, etc. Moreover, the increasing market will also hold a wide set of opportunities for the hardware vendors as well as for the startups in this space, provided they are well advanced in terms of technological aspects.

The rising fuel prices is also building high growth opportunities for the kitchen appliances market, owing to the growing demand for induction devices. Both the residential and the commercial sectors contribute significantly towards this market growth. The increasing number of restaurants globally is boosting the commercial applications of the kitchen devices market, which is estimated to witness a CAGR of 4.6% over 2016-2023. Also, the rising demand for automation and replacement of old devices will drive the residential application market share. The kitchen appliances application in residential sector is forecast to surpass USD 150 billion by 2023.

The rising concerns pertaining to the environment and optimum energy utilization has boosted the demand for gas appliances, which holds a major share in the kitchen appliances market. Refrigerators, which are the most common yet vital part of the kitchen also contribute towards a noticeable share of this market. The global refrigerator market is forecast to surpass a revenue of USD 105 billion by 2023.

The improvement in the economy is also boosting the global kitchen appliances market size. The Asia Pacific market is estimated to cross USD 75 billion by 2023, owing to the rise in disposable income and growing population base across this region. India & China are likely to lead the APAC market.

The manufacturers are expanding their reach by tying up with various distributing channels such as retail stores, third party suppliers, etc. In this respect, e-commerce has also come up as a significant distributing channel due to the competitive pricing of these products as well as the convenience offered by these portals like home delivery, easy return policy, etc. The industry though is not yet completely transformed by the IoT revolution, but is surely to see some smart developments in the near future.

Author NameShikha Sinha

The transforming contours of powder coatings market: How technological progression has impacted the product development and the rise of Asian economies on the industry growth map

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In the face of digital revolution, the global powder coatings market is unsurprisingly making an effort to keep up with the drastic changes being brought in by Industry 4.0 on a number of fronts. This includes incorporating better material handling techniques, automation controls linking machines together, allowing for better management of powder coating while spraying, and the launch of new products equipped with precision technologies.

North America Powder Coatings Market, By Application, 2017 & 2024, (USD Million)

North America Powder Coatings Market, By Application, 2017 & 2024, (USD Million)

An exceptional instance of technological advancement pushing the limits of product development is of the new Encore manual powder coating spray gun range introduced by Nordson Industrial Coating Systems. Named Encore nLighten LED Kit, the new product illuminates the surface being coated, for easy inspection and precise powder application. An all-in-one inspection and application tool, the new spray leaves no margin for error and reduces the need for post-coating quality checks.

Speaking along similar lines, technological progression has resulted in excellent performance upgradation of numerous products being launched by leading powder coating manufacturers. AkzoNobel, for instance, has recently introduced a highly durable and sustainable range of coatings Collection Futura 2018-2021 under its Interpon powder coatings brand. Updated every four years, the new product range is created on globally-identified shifts for 2018-2021: Glam City, Time Out, Treasured Light and Wild Nature, essentially representing the environmentally viable products being developed by the foremost powder coatings industry players with the integration of technologically superior components.

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Significance of the Asia Pacific region and the changing growth narrative: Why are major powder coatings market players building a robust presence in India and China?

Owing to the recent economic trends and the growing dominance of Asian politics, the 21st century is being increasingly projected as the Asian century. Apparently, India and China are termed as the growth engines of the Asian continent as their economy is based on strong fundamentals. Moreover, the estimates recently published by the World Bank corroborate the fact that these two Asian powerhouses are bound to perform well on the economic front in the years ahead despite temporary setbacks.

In this context, it is quite prudent to mention here that business verticals such as automotive & transportation components, electrical appliances, agricultural & construction equipment, and oil & gas are among the many significant industry sectors that contribute immensely toward the growth of Indian and Chinese economies. As per the recent trends, these sectors are set to register impressive growth figures in the times to come. Notably, these business verticals are also the major applications/end-users of the global powder coatings industry, which explains the resolve of prominent manufacturers to establish a strong base in India and China.

Enumerated below is a brief snapshot of initiatives being undertaken by well-known powder coating manufacturers that are reaching out to the emerging economies of Asia, especially tapping into the opportunities opened up across India and China:

AkzoNobel

  • In a bid to strengthen its manufacturing footprint and complement its existing production facilities in India, this Dutch paints and performance coatings giant recently inaugurated a new €9 million powder coating facility in Thane, Mumbai. Dedicated to manufacturing bonded metallic and functional powder coatings, the new facility is set to boost AkzoNobel’s access to markets located in western and northern parts of India.
  • After opening an €11 million powder coatings facility in western China, AkzoNobel commenced production at its recently built largest powder coatings plant in Changzhou. To assure the plant’s sustainable operation, the company would enable 100% recycling of waste water and zero emission. In addition to this, the new facility would become one of the few metal powder coatings manufacturing plant of the company in China.

Axalta

After setting up a high-grade technology center at Savli, Gujarat in 2016, this U.S.-based powder coating firm has recently built a new manufacturing facility at the same location. Over the past few years, Axalta has been gradually consolidating its presence in India with the help of massive investments and refurbishment of its training centers to deliver comprehensive coating solutions for the burgeoning automotive market and other industry sectors of the nation.

Arkema

In 2016, this French specialty chemicals and advanced materials firm announced that it would construct a new polyester powder coating resin production facility in Navi Mumbai, India – the first of its kind in the country. Representing an investment of about $US 15 million, the new facility would also include a dedicated laboratory to provide technical support and application development to the rapidly expanding powder coatings industry in India. Being built on its existing resin platform, the new facility would manufacture a low-VOC coating resins portfolio.

Considering the long-term implications of the aforementioned expansion bids by some of the prominent powder coating manufacturers, the Asia Pacific region, especially developing economies like India and China, are certain to fuel the growth prospects of powder coatings market. In fact, as per a research report of Global Market Insights, Inc., the Asia Pacific terrain recorded more than 40% of the total revenue share of the overall powder coatings industry in 2017 and is slated to maintain the growth momentum in the years ahead.

Author NameSaif Ali Bepari