Powder Coatings Market to Showcase Significant Growth from Automotive and Transportation Component Applications

Powder Coatings Market from automotive & transportation component applications accounted for over 16% of revenue share in 2018. Increasing preference among automotive manufacturers owing to cost benefits, corrosion resistance and enhanced aesthetic appearance triggering market growth. Additionally, the necessity to avoid corrosion in rims, door handles and under hood components will spur product application scope. Increasing demand for resilient texture and improved aesthetics in high performance cars is also likely to spur product sales.

Non-metal substrates accounted for over USD 530 million in 2018. Nonmetal substrate is gaining traction owing to introduction of low weight specialized platforms such as Medium-density-Fiberboard (MDFD). The segment growth will also be driven by functional advancements such as durability, scratch resistance, gloss retention, and chalking resistance. Additionally, products with low curing capabilities has further intensified application scope in heat sensitive and nonmetal substrates which will indirectly support the segment growth.

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Asia Pacific dominated the powder coatings market in 2018 owing to significant development of automotive and construction sector in China, India, and Japan. Other factors contributing to regional growth include the low labor rates and abundance of skilled workforce. This enables the industry participants in this region to retail their products in the international market at competitive prices. Growing demand for home appliances with the increasing disposable income specifically in urban areas fueled industry growth.

The powder coatings market is highly competitive in nature with presence of key companies including Jotun, AkzoNobel NV, Axalta coating systems LLC, and PPG Industries Inc. Strategies implemented by key industry players include product launches, production capacity expansion, strategic partnerships & collaborations, and R&D investments. For instance, in April 2015, Jotun announced that it will increase its production capacity in Dammam to meet the growing demand. This initiative will strengthen Jotun’s position and will allow the company to further expand its commitment to offer sustainable solutions.

Powder coatings market from thermoset resin is anticipated to witness the fastest growth up to 2025, owing to UV resistance, superior mechanical properties, and exceptional durability. The increasing usage of automobile components, such as door handles, wipers, metallic structural component, horns, radiator grills, wheel rims, and bumpers, will drive the segment growth.

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Major Point From Table Of Content:

Chapter 3 Powder Coatings Industry Insights

3.1 Powder Coatings Market segmentation

3.2 Powder Coatings Market landscape, 2014- 2025

3.3 Powder Coatings Market ecosystem analysis

3.3.1 Vendor Matrix

3.3.1.1 Raw material suppliers

3.3.1.1.1 Challenges faced by the raw material suppliers

3.3.1.2 Manufacturers

3.3.1.2.1 Challenges faced by manufacturers

3.3.2 Distribution channel analysis

3.3.2.1 Distributors & dealers

3.3.2.2 End-users

3.3.3 Potential customer analysis

3.3.3.1 Key decision-makers/ processes

3.3.4 Profit margin trends

3.4 Technology landscape

3.5 Regulatory landscape

3.5.1 North America

3.5.1.1 U.S.

3.5.1.1.1 Industrial surface coating regulation update

3.5.1.2 Canada

3.5.1.2.1 Volatile Organic Compound (VOC) concentration limits for architectural coatings regulations

3.5.2 Europe

3.5.2.1 British, European, and International Standards

3.5.2.2 CEPE- Safe Powder Coating Guideline

3.5.2.2.1 Health Hazards Guidelines

3.5.3 Asia Pacific

3.5.3.1 China

3.5.3.1.1 HG/T 3793-2005 – Hot-melt fluorocarbon resin (PVDF) coatings

3.5.3.2 Australia

3.5.3.2.1 Spray painting and powder coating: code of practice

3.5.4 Latin America

3.5.5 Middle East and Africa

3.5.5.1 South Africa

3.5.5.1.1 SANS 1796:2014 – Application of durable organic powder coatings for architectural aluminum

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 Increasing construction spending

3.6.1.2 Increasing demand in the automotive, aerospace and marine industry

3.6.1.3 Focus on VOC emissions reduction

3.6.1.4 Strong outlook in the furniture industry

3.6.1.5 Lower application cost as compared to liquid coatings

3.6.1 Industry pitfalls & challenges

3.6.1.1 Higher energy consumption & investment on machinery & tools

3.7 Growth potential analysis, 2018

3.7.1 Emerging business models

3.8 Functional powder coatings industry outlook

3.8.1 Anticorrosive powder coatings

3.8.2 Antibacterial/ antimicrobial powder coatings

3.8.2.1 Application segments for antibacterial powder coatings

3.8.2.2 Selection of antibacterial (AB)agent

3.8.2.3 Dosage level of silver additive

3.8.2.4 Powder application

3.9 Pricing analysis

3.9.1 Regional pricing

3.9.1.1 North America

3.9.1.2 Europe

3.9.1.3 Asia Pacific

3.9.1.4 Latin America

3.9.1.5 Middle East and Africa

3.9.2 Cost structure analysis, 2018

3.10 Porter’s analysis

3.11 Competitive landscape, 2018

3.11.1 Global company market share analysis, 2018

3.11.2 Top players overview, 2018

3.11.3 Strategy dashboard

3.11.4 Top powder coating resin suppliers market share analysis, 2018

3.12 PESTLE analysis

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