Press release
Powder Coatings Market Share by Top Manufacturers, Production and Consumption Analysis, Brands Statistics and Overview 2018-2023
Powder Coatings Market, Powder Coatings Market
Powder Coatings Market-
Powder Coatings are a type of coatings based on polymer resin systems, combined with pigments, flow modifiers, levelling agents, curatives, and other additives. These components are melt mixed, cooled, and ground into a uniform powder. Electrostatic spray deposition (ESD) is typically used to attain the application of Powder Coating on a metal substrate. Powder Coatings offers excellent properties such as high durability, impact resistance, UV rays protection, moisture & chemical resistance. With the above-mentioned properties they are widely used in numerous application such as architectural & furniture, appliances, consumer goods, automotive & transportation, and others.
Competitive analysis:
PPG Industries
Akzo Nobel
Asian Paints Limited
Arkema
Royal DSM
Sherwin-Williams Company
Evonik Industries
The Valspar Corporation
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The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Segmentation
The global powder coatings market is classified on the basis of resin type, application, substrate, and region. Based on resin type, the market is segmented into thermoplastic and thermoset. Thermoplastic segment is subdivided into nylon, polyolefin, polyvinyl fluoride (PVF), and polyvinyl chloride (PVC). Thermoset segment comprises of polyester, epoxy, acrylic, polyurethane, epoxy polyester hybrid, and others. Based on application, powder coatings market is segmented into automotive & transportation, architectural & furniture, appliances, consumer goods, and others. Based on substrate, the market is divided into metal and non-metal
Regional Analysis
Asia Pacific is estimated to be the largest powder coatings market followed by Europe and North America due to strong growth in automotive & transportation and architectural & furniture industry. In Asia Pacific, countries such as China, India and Japan are the fastest growing market for powder coatings, and is predicted to grow with the same pace over the assessment period. Improving living standards coupled with the flourishing growth of construction sector is predicted to contribute to the regional market growth. In Europe, Germany and UK are predicted to register a strong growth on account of tremendous demand for powder coatings in the automobile sector. In North America, the U.S and Canada are among the major contributors in the regional market growth due to expansion of appliances as well as consumer goods sector. The Middle Eastern and African countries such as Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are expected to witness substantial growth due to increasing foreign investments and shifting of manufacturing base for various end use industries to these region.
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Intended Audience
• Powder Coatings Manufacturers
• Traders and Distributors of Powder Coatings
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
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