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Powder Coatings Market in Asia Pacific is set to see strong growth till 2025, Top Players are Evonik, BASF, Valspar, Jotun, Axalta, Asian Paints
Powder Coatings Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Evonik
3. BASF
4. Asian Paints
5. PPG Industries
6. Valspar
7. Sherwin-Williams
8. Dulux Powder & Industrial Coatings New Zealand
9. Jotun
10. Kansai Paint Private Limited
11. SOMAR CORPORATION INDIA PRIVATE LIMITED
12. Axalta
13. Marpol Pvt Ltd
14. Protech-Oxyplast
15. Nippon Paint (Pakistan) (Pvt) Ltd
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.
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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.
Major Point From Table Of Content:
Chapter 6 Powder Coatings Market, By Substrate
6.1 Global powder coatings market share by substrate, 2018 & 2025
6.2 Metallic
6.2.1 Global powder coatings market estimates and forecast from metallic substrate, 2014 - 2025, (Kilo Tons) (USD Million)
6.2.2 Global powder coatings market estimates & forecast from metallic substrate, by region, 2014-2025 (Kilo Tons) (USD Million)
6.3 Non-metal
6.3.1 Global powder coatings market estimates and forecast from non-metal substrate, 2014 - 2025, (Kilo Tons) (USD Million)
6.3.2 Global powder coatings market estimates & forecast from non-metal substrate, by region, 2014-2025 (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/powder-coating-market
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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