Global powder coating market size was valued US$ 10.31 and is estimated to reach US$ 16.22 at CAGR of about 5.83 % during a forecast period.
Demand for powder coatings has increased owing to growing technological innovation and increasing demand from applications such as architectural, appliances, automotive. Advantages of powder coatings over wet paint systems such as predefined film thickness and easy rework of poorly coated areas are factors driving market demand over a forecast period. Powder coating is conservative, durable, quality membrane, perfect toughness, and scratch resistance, shine retention, waterproof and impermeable to chalking. Powder coating performs well in extreme environmental conditions. It complies with the American Automobile Manufacturers Association particulars and is an ecofriendly procedure. Powder coatings are cost-effective compare to other coatings, don't contain solvents and volatile organic compounds. Also powder coating has the ability to be recovered and reused hence reducing by product waste. These all factor drives the powder coating market. Thermosets is dominating the powder coating market. Thermosets are generally preferred because they are resistant to elevated temperatures.
Out of thermoset sub-segments Polyester and polyurethane comprises large share. Epoxy polyester segment is seen to be rapid growing in powder coating. Electrostatic spray is the most employed coating technique as it allows coating of complex shapes and does not require preheating of part to be coated. Electrostatic spray segment is expected to continue its dominance throughout the forecast period. Growing product demand for various applications inducing horns, wipers, radiator grills, door handles, wheel rims, metallic structural component, bumpers, and bicycle will propel market growth over the forecast period. Appliances segment to grow at high CAGR the global powder coating market comprising one fifth of the market share. Architectural coating dominated the market followed by automotive held a significant portion of worldwide utilization of powder coatings. Asia Pacific is estimated to be the dominant segment of the market on account of the robust growth of sectors in China and India. Asia Pacific comprise one third of the global powder coating market. Europe experiences a good growth in the automotive category While Middle East & Africa is expected to notice considerable growth.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Powder Coating market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Powder Coating market.
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Scope of the Powder Coating Market:
Global Powder Coating Market By Resin Type:
- Thermoset o Epoxy o Polyester o Epoxy Polyester Hybrid o Acrylic o polyurethane • Thermoplastic o Polyvinyl Chloride (PVC) o Nylon o Polyolefin o Polyvinylidene Fluoride (PVDF)
Global Powder Coating Market By Coating Type:
- Electrostatic Spray • Fluidized Bed
Global Powder Coating Market By Application Type:
- Appliances • Automotive • Architectural • Furniture • Agriculture • Construction & Earthmoving Equipment • Industrial • Others
Global Powder Coating Market By Region:
- Asia Pacific • Europe • North America • Middle East & Africa • Latin America
Key Players Analysed in the Report:
- AkzoNobel • Axalta Coating Systems • PPG Industries • IGP Pulvertechnik AG • Sherwin-Williams • BASF • Valspar Corporation • Allnex Italy Srl • TCI Powder Coatings • Nippon Paint • Evonik Industries • Kansai Paint and Jotun • Asian Paints Limited • Berger Paints India Limited • Jotun A/S • Somar Corporation
Table of Contents
Global Powder Coating Market
1. Preface2. Assumptions and Research Methodology3. Executive Summary4. Market Overview5. Supply Side and Demand Side Indicators6. Global Powder Coating Market Analysis and Forecast7. Global Powder Coating Market Analysis and Forecast, by Resin8. Global Powder Coating Market Analysis and Forecast, by Coating9. Global Powder Coating Market Analysis and Forecast, by Application10. Global Powder Coating Market Analysis, by Region11. North America Powder Coating Market Analysis12. Europe Powder Coating Market Analysis13. Asia Pacific Powder Coating Market Analysis14. Middle East & Africa Powder Coating Market Analysis15. South America Powder Coating Market Analysis16. Company Profiles
- Primary Key Insights
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Adroit Market Research launched a study titled, “Global Powder Coating Market Size 2017 By Application (Consumer Goods, Architectural, Automotive, General industries, Furniture and Others), By Region and Forecast 2018 to 2025”.
The global powder coating market report also includes qualitative insights of the market such as value chain, restrains and drivers.The global powder coating market size is expected to reach USD 14.70 billion by 2025.
Other valuable benefits such as long lasting life, high durability, cost effectiveness and quality finishing are driving the market for powder coating over traditional liquid paints.Request sample copy of Powder Coating Market at: https://www.adroitmarketresearch.com/contacts/request-sample/373 Metal is the major product on which powder coating is used to increase its life and protect it from corrosion.
These industries are witnessing a considerable gains in annual demand for powder coating driven by rise in sales in emerging economies in Asia Pacific.Participating companies are focusing on opening new plants and investing in research and development to come up with new products as the demand for the powder coating volume is high.
The company has invested around 40 million Euros for this facility and designed for an annual capacity output of 46,000 tons.Read details of the report at: https://www.adroitmarketresearch.com/industry-reports/powder-coating-market Asia Pacific dominated the global powder coating market value share by occupying 43.6% in 2017.
As a result of which the production of powder coating is hampered and restraining it from growing further.The global powder coating industry is fragmented as of 2017.
Market particularise in showing high-end research by cognizance of the major trends, key players, and several other aspects of the industry.
The report answers all questions related to the key federation.
The report offers an encyclopedic study of Powder Coating market analysis and insights.
The report explains the value chain structure, industrial outlook, regional analysis, applications, market size, share, and forecast.
It also provides an analysis of the market based on types, applications, regional analysis, and for the forecast period from 2021 to 2030.
It also covers significant components, such as market capacity, cost, price, demand and supply, production, profit, and competitive landscape.The market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer.
The global Powder Coating Market is expected to grow at a healthy CAGR of over 7 % over the forecast period (from 2016 to 2024).
Steady raw materials supply is said to result in a stable price trend during the next few years.
The global market is categorized as applications and regions.Browse Details of Report @ https://www.hexaresearch.com/research-report/powder-coatings-industry The application sector includes architecture, automotive, industrial, consumer goods, and furniture.
This is mainly because coatings provide a supple, consistent finish that resists cracking and/or peeling.
Shelving systems, outdoor metal furniture, metal cabinets etc.
are several other lucrative applications with a revenue forecast of over USD 3 billion by 2024.
