Powder Coating Market Opportunities, Potential, Government Policies and Influence Factors by Forecast 2028 | Leading Key Players are AkzoNobel N.V., Asian Paints Limited, PPG Industries Inc., Berger Paints, Axalta Coatings Systems

A recent market research report, Powder Coating Market, provides insightful information to clients increasing their basic leadership size and examines distinct significant aspects of the business, including industry surroundings, segmentation analysis, and competitive outlook. It can enable manufacturers or change their production and marketing strategies in order to envisage maximum growth. The study identifies specific and important factors affecting the market for the powder coating during the forecast period.

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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

Powder coating is a dry finishing process, using fine particles of various types of resins, which are sprayed onto a workpiece. For the last 30 years, powder coatings have been extensively used in comparison to other traditional coatings and paints. Some of the advantages of powder coatings over traditional coatings methods include powder is immediately ready to use, less powder wastage during the application process, reduced health hazards, superior cured-film properties, and others. Powder coatings are very cost-effective and economical due to the fact that these coatings are solvent and volatile organic compound free materials. Powder coatings offer superior physical and mechanical properties some of which include superior durability, gloss retention, scratch resistance and resistance to chalking.

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

By region, the Powder coating Market has been segmented in North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America and Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.

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Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for Powder coating Market. Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Europe are estimated to be other key regions for the Powder coating Market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Market Segmentation:

By Resin Type:
o Epoxy
o Acrylic
o Polyester
o Polyurethane
o Hybrid
o Polyethylene
o Others

By Coating Method:
o Electrostatic Spray
o Fluidized Bed

By Application:
o Appliance
o Equipment
o Architectural
o Furniture
o Others

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

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

o Rest of the World
o By Region (South America, Africa)
o By Resin Type
o By Coating Method
o By Application
o By End-Use Industry

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Objectives of this report:

o To estimate market size for powder coating market on regional and global basis.
o To identify major segments in powder coating market and evaluate their market shares and demand.
o To provide a competitive scenario for the powder coating market with major developments observed by key companies in the historic years.
o To evaluate key factors governing the dynamics of powder coating market with their potential gravity during the forecast period.

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This release was published on openPR.