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Powder Coating Market Estimated to Record Highest CAGR, Key Players, Share, Emerging Trends, Segmentation and Proportions | Forecast To 2028

02-17-2020 03:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Global Powder Coating Market

Global Powder Coating Market

The report on Powder Coating Market aims to provide a thorough overview of various growth dynamics, including key drivers and limiting factors, customer or end-user patterns, and new avenues. The analysis includes statistics related to the revenue shares of key regions in the global market for Powder Coatings and factors affecting the growth of the market during the forecast period.

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According to the latest report by Quince Market Insights, due to high demand from appliances and machine industry in recent years, the powder coating market is expected to promise a high growth during the forecast period. It is projected that increasing demand from end-use industries such as oil & gas, construction, automotive, electrical & electronics, water & wastewater treatment, and other industries would drive the market growth.

Due to its superior properties, such as longevity, excellent finishing and high resistance to chipping, corrosion, and abrasion, increasing product demand is the main driving factor for the industry. Powder coatings do not contain any solvents, resulting in negligible ambient emission of Volatile Organic Compounds (VOC) and decreased combustion risk during application and storage. However, when it comes into contact with human skin, the powder can be easily washed off which decreases health hazards for operators.

Some of the benefits of powder coatings over traditional methods of coating include powder being ready to use instantly, less powder waste during the application process, reduced health risks, superior cured film properties, and others. Due to the fact that these coatings are solvent and volatile organic compound free materials, the powder coatings are very cost-effective and economical.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AkzoNobel N.V.
2. Asian Paints Limited
3. PPG Industries Inc.
4. Berger Paints
5. Axalta Coatings Systems.
Segment Insights

Global powder coating market has been segmented based on, resin type (epoxy, acrylic, polyester, polyurethane, hybrid, polyethylene, and others), by coating method (electrostatic spray, fluidized bed), by application (appliance, equipment, architectural, furniture and others), by end-use industry (oil & gas, construction, automotive, electrical & electronics, water & wastewater treatment, industrial and others) and by region.

By resin type, the polyester resin is accounted for the largest market size among other types of resins because of its superior properties like quick-drying, chemical resistance, temperature resistance, abrasion resistance, and surface protection. It is widely used in various applications such as indoor handles, radiator grills, wheel rims, bumpers, and bicycles. All these factors are responsible for the prominent growth of polyester resin over the forecast period.

The automotive application segment is expected to experience the fastest growth over the projected time period. Growing automotive production is expected to fuel the demand for powder coatings in automotive accessories in countries like the U.S., Mexico, Argentina, Brazil, South Africa, Indonesia and China. Furthermore, rising demand for automobiles in emerging markets like China, India, Mexico, Brazil, South Africa, is expected to drive the market growth of these countries.

Some of the key Impact Factors:
o Low cost
o Strict environmental norms
o Growing appliances and equipment industry

Regional Analysis

Based on the region, the powder coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

The Asia Pacific region is expected to register substantial growth in the powder coatings market during the forecast period. This demand is due to the growth of major end-use industries in sectors like oil & gas, construction, automotive, electrical & electronics, water & wastewater treatment, industrial and others. Major countries in the Asia Pacific region are China, South Korea, Japan, India, Australia.

Market Segmentation:

By Resin Type:
Epoxy
Acrylic
Polyester
Polyurethane
Hybrid
Polyethylene
Others

By Coating Method:
Electrostatic Spray
Fluidized Bed

By Application:
Appliance
Equipment
Architectural
Furniture
Others

By End-Use Industry:
Oil & Gas
Construction
Automotive
Electrical & Electronics
Water & Waste Water Treatment
Industrial
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Resin Type
By Coating Method
By Application
By End-Use Industry
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Resin Type
By Coating Method
By Application
By End-Use Industry
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Resin Type
By Coating Method
By Application
By End-Use Industry
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Resin Type
By Coating Method
By Application
By End-Use Industry
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Resin Type
By Coating Method
By Application
By End-Use Industry
Rest of the World
By Region (South America, Africa)
By Resin Type
By Coating Method
By Application
By End-Use Industry

Reasons to buy this report:
o Market size estimation of the powder coating market on a regional and global basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet the specific requirements:
o By segment
o By sub-segment
o By region/ country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:
QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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