Epoxy Powder Coatings Market Growth Prospects and Outlook 2021-2026

The Global Epoxy Powder Coatings Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The epoxy powder coatings market is expected to register a CAGR of over 3% during the forecast period

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Key Market Players:

3M, The Sherwin-Williams Company, PPG Industries, Inc., and Akzo Nobel N.V. and Other

Key Market Trends

Increasing Demand from Building and Construction Segment

- Building energy efficient retrofits can have unintended consequences, if consideration is not applied while assessing the condition of the house for pre-existing problems and anticipating the possible effects of the retrofit work on building envelope durability, indoor air quality, heating appliance performance, and various other performance-related issues. The most common types of pre-existing problems are moisture problems (water leaks, high humidity, dampness, etc.) in the walls, roof, and floors, indoor air quality problems (odor, pollutant emissions, soil gas, from household products, etc.) and structural sags, cracks, and deflections.
- Reducing unintentional air leakage through the foundations, walls, and ceilings of the house, to improve the energy performance and comfort of the living space through the usage of epoxy powder coatings may stimulate product demand in the construction sector.
- Germany has the largest construction industry in Europe. The residential construction segment is expected to have a moderately high growth. According to industry experts, the recent positive migration to the country is stimulating the demand for new residential construction. About 3.6 million migrants are estimated to arrive in Germany, by 2020, requiring at least 350,000 new dwellings per year, which is expected to boost the construction sector, in turn, boosting the growth of the market studied.
- In India, the government has been actively providing a boost to the housing construction, as it aims to provide homes to about 1.3 billion people. The country is likely to witness around USD 1.3 trillion of investment in housing over the next seven years, with the anticipated construction of 60 million new homes in the country. The availability of affordable housing is expected to increase by around 70%, by 2024, in the country.
- Hence, with such boom in construction activities, the demand for epoxy powder coatings is projected to increase during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share. With growing demand from the construction and automotive industries in the countries such as China, India, and Japan, the usage of epoxy powder coatings is increasing in the region.
- China is the worlds second-largest economy in terms of growth and the increasing level of income of the countrys population is further driving the economy.
- Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.
- Under the 13th five-year plan (2016-2020), the Chinese government plans the infrastructure development of 30,000 km of railway lines and 30,000 km of expressways.
- China is one of the major automobile manufacturers of Asia-Pacific and the world. Moreover, many automotive manufacturers have manufacturing units in the country, which contribute to the demand for epoxy powder coatings.
- Additionally, with the consistent economic growth in the Asian countries, such as India, China, Indonesia, Thailand, Malaysia, and Singapore, the demand for the construction of new buildings, both commercial and residential, is consistently increasing, which, in turn, is increasing the demand for epoxy powder coatings in the Asian region.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Epoxy Powder Coatings market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Epoxy Powder Coatings market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Epoxy Powder Coatings market.

Market Segments: This part of the report discusses product type and application segments of the global Epoxy Powder Coatings market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Epoxy Powder Coatings used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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