Powder Coatings Market 2018 Global Industry Analysis by Size, Share, Trends, Key Players, Growth Application and 2023 Opportunity Forecast Report

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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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.

Introduction:
Powder Coatings offer excellent properties to products such as high durability, and resistance to impact, UV rays, moisture protection, and chemical. As a result, powder coatings are widely used across industries including automotive, architectural, furniture, appliances, and consumer goods owing to the constantly changing conditions such like exposure to the various chemicals and heating conditions, these industries constantly confront.

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.

Powder Coating Market – Regional Analysis

The Asia Pacific region accounts for the leading market for powder coatings followed by the North American and European region, respectively. The APAC market is growing steadily due to the presence of several key manufacturers of the product and the growing industrialization in the region. Besides factors such as increasing economy, continuous growth of the automotive & transportation industry, and the implementation of stringent regulation regarding VOC emission rate fosters the market growth of powder coatings.

Countries such as China, Japan, Vietnam, Singapore, Thailand, South Korea, and India are expected to witness colossal demand for the product due to the high adoption rate by the automobile manufacturers.

Furthermore, rising demand for household appliances along with the increasing automotive production and sales in the region is expected to support the market growth. Economic development in various APAC countries, particularly China, Vietnam, Bangladesh, and India has presented opportunities for powder coating in the transportation sector.

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.

TABLE OF CONTENTS:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Powder Coatings Market

5 Industry Overview Of Global Powder Coatings Market

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