Press release
Powder Coatings Market to Approximate US$10.5 Billion by 2018 with Increasing Deployment in BRICS Countries
The global powder coatings market is prognosticated to rise steadily in the upcoming years on account of a number of end-use industries demanding the same. Powder coatings offers conservative, durable, and tough quality membrane complete for metal products and components. It provides advantages, for instance, exemplary toughness, scratch resistance, gleam retention, and imperviousness to chalking. It is primarily utilized for applications on metal parts presented to extreme environmental conditions. It complies with the AAMA particulars and is an ecofriendly procedure. Powder coatings are quiet cost-effective, as they don’t contain solvents and volatile organic compounds (or VOCs). Moreover, sprayed-on powder coating has the ability to be recovered and reused for consumption, in this manner reducing expense.
Consumables domineered the worldwide market, in 2015, as coatings help in delivering a reliable, adaptable finished product that opposes peeling and breaking. Moreover, surging demand for residential electronics including washing machines, microwaves, and refrigerators are contributing to the rise of the powder coating industry. This increasing demand for household electronics, China, India, Vietnam, Thailand and Philippines, is expected to offer tremendous market potential throughout the following years.
The global powder coatings market, which was roughly evaluated to be US$6.5 bn in 2011, and expectedly rising at a 7.2% CAGR between 2012 and 2018, is predicted to reach US$10.5 bn by the end of the forecast period.
Request Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1134
End-Use Industries Demand to Bolster Growth Prospects of Powder Coatings Market
On the basis of application, the worldwide powder coatings market is taken up via automotive, general industry, appliances, architecture, furniture and others. The automotive business and apparatuses take up a significant portion of worldwide utilization of powder coatings. The appliances used for cooking and other household appliances represented 20% of the aggregate powder coatings market, while the use of the same within automotive industry is predicted to showcase a vigorous CAGR of 7% through the estimated forecast period. The countries part of BRICS, all have a rapidly flourishing automotive industry and significantly contribute to the automotive industry and consequently the powder coatings market.
Advancing products with extraordinary features like reflective powder coatings which increment the compelling yield of business lighting apparatuses will likewise contribute towards powder covering market development. This enables manufacturers of lighting apparatuses to get all the more light from a predetermined power contribution for any light source. Powder application gear progresses have likewise added to the business development. Use rates are around 90 percent or higher, against 30-80 percent productivity for most other shower covering forms like water paints or electrostatic fluid frameworks.
For More Industrial Insights Get PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1134
Some of the noteworthy participants of the global powder coatings market are Evonik Industries, AkzoNobel, PG Industries, TCI Powder Coatings, Nippon Paint, and Axalta Coating Systems.
ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Powder Coatings Market to Approximate US$10.5 Billion by 2018 with Increasing Deployment in BRICS Countries here
News-ID: 1449469 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Powder
Polyolefin Powder Market, By Type (Polyethylene Powder, Polypropylene Powder),Tr …
Data Bridge Market Research analyses the polyolefin powder market will exhibit a CAGR of 6.00% for the forecast period of 2022-2029 and is expected to reach the USD 11.79 billion by 2029.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polyolefin-powder-market
Polyolefin is a polymer made from the simple monomer olefin, and its powder is made up of crystalline polyolefin made from olefins. Paper coating, ink and paint formulation, and injection moulding are just a few of the applications…
Nano Ceramic Powder Market: Information by Type (Oxide Powder, Carbide Powder, B …
Nano Ceramic powder is nanoparticles which are inorganic solids made up of oxides, ceramics, carbonates, and carbides. The Nano-Ceramic powder has a growing market as they are very useful due to its very small size.
Nano Ceramic powder is strong and the strength of these powder is similar to steel. They exhibit strength at high temperatures. They are more resistant to chemical situations than other metals. There is some ceramic powder…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Global Egg Powder Market Status, Industry Player (Egg Powder, Egg Yolk Powder, E …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Egg Powder Market Increasing Consumption of Whole Egg Powder to be Observed in the Coming Years” which provides an outlook for current market value as well as the expected growth of Egg Powder during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with…
