What's driving the Powder Coatings Market trends? | Key Players like AkzoNobel, Evonik, BASF, Asian Paints, PPG Industries, Valspar, Jotun

A highly methodical quantitative as well as qualitative analysis of the global powder coatings market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a Porter's five force model, in tandem with the SWOT analysis and PESTEL analysis of the powder coatings market.

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The report covers various areas such as powder coatings market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape.

The powder coatings market is driven by widespread metal coating applications across several industry verticals. The product exhibits several environment-friendly benefits pertaining to solvent free chemical base which leads to minimal VOC emissions as compared to liquid paints. Moreover, it is cost effective and produces high quality finishes over metal surfaces, fueling product demand.

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
16. RPM International Inc.
17. Cloverdale Paint Inc.
18. Diamond Vogel
19. Hentzen Coatings

Majority of home appliances are large machines consisting of metal structure making them extremely vulnerable to corrosion from moisture, chemicals and water. For instance, the appliances such as washing machines, dish washers and refrigerators are constantly exposed to water, requiring safeguarding of the metal body. Powder coatings find strong application in manufacturing home appliances such as vacuum cleaners, microwave ovens, refrigerators, dishwashers, water heater, etc.

The regional segmentation covers:

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
North America Region (U.S., Canada, Mexico)
South America Region (Argentina, Brazil, Columbia, Rest of South America)
Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
Decresearch has recently published a study titled 'Global Powder Coatings Market Research Report'. In this report, analysts have provided a detailed evaluation of the global powder coatings market. The report is inclusive of a completely comprehensive study of the powder coatings Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

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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.

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.

Powder coatings provide several benefits over conventional liquid coatings, especially the high durability and easy applicability will continue supporting product adoption across various industries throughout the forecast period. Powder coats are capable of producing much thicker layer of coatings as compared to the solvent based counterparts which sustain the issues with sagging or running of liquid coats, impacting the paint finish.

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Moreover, faster curing time and the ability to produce wide range of specialty effects will further augment the application scope. The product is indispensably used across the automotive industry to coat vehicle chassis and body components to protect them from corrosion. Increasing automobiles sales accompanied by rapid urbanization will stimulate powder coatings market trends over the forecast timeframe.

Main Features of the Global Market Research Report:

The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.

-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.

-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.

-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.

-The report analyses the various market segments and also provides their contribution to the development of the global industry.

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