Powder Coatings Market Global Industry Survey by Professional Top Brands Until 2023 | PPG Industries, Inc, The Valspar Corporation , Akzo Nobel N.V. , Asian Paints Limited

Global Powder Coatings Market Information- by Resin Type (Thermoplastic and Thermoset), by Application (Automotive & Transportation, Architectural & Furniture, Appliances, Consumer Goods, and Others), by Substrate (Metal and Non-Metal) and Region- Forecast till 2023
Key Players:

Fervent players leading the global powder coating market include The Valspar Corporation (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (the Netherlands), Kansai Paint Co.LTD (India), Asian Paints Limited (India), Royal DSM (the Netherlands), Evonik Industries (Germany), Arkema (France), TCI Powder (US), and The Sherwin-Williams Company (US)

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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.

Powder Coating Market Segmentation

MRFR has segmented its analysis into four key dynamics for the convenience of understanding;

By Resin Types: Comprises Thermoplastic {(Nylon, Polyolefin, Polyvinyl Fluoride (PVF), and Polyvinyl Chloride (PVC)} and Thermoset (Polyester, Epoxy, Acrylic, Polyurethane, Epoxy Polyester) among others.

By Applications: Automotive & Transportation, Architectural & Furniture, Appliances, and Consumer Goods among others.

By Substrates: Metal and Non-Metal among others.

By Regions: North America, Europe, APAC, and the Rest-of-the-World.

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Powder Coating Market Competitive Analysis

The powder coating market appears to be fragmented and highly competitive, characterized by the presence of numerous large and small-scale players. Matured players incorporate strategic initiatives such as acquisition, collaboration, expansion, partnership, and technology launch. These strategies are estimated to improve the quality of the product and increase production capacity to suffice the rapidly growing demand, particularly from the emerging regions.

Manufacturers emphasize new product development initiatives and geographical expansion. With increasing industrialization and up-gradation of technology to manufacture batteries, manufacturers are setting up facilities to produce Powder Coatings in the most efficient manner.

Industry/Innovation/Related News

October 29, 2018 – Stahl Holdings B.V. (the Netherlands), an expert in leather- and performance coatings and dyes announced the launch of its first center of excellence for powder coatings in Spain. The strategic location of the new testing and knowledge center would enable the company to accelerate the pace of its services across the major European markets. Stahl has recently acquired the R&D operations of OEM NuTech (Australia), a firm specializing in manufacturing powder-coating products and processes pertaining to heat-sensitive materials.

Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

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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This release was published on openPR.