Powder Coatings Market to Witness Huge Growth by Key Players: PPG Industries Inc, Axalta Coating Systems LLC, The Sherwin-Williams Company

Global Powder Coatings Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The Powder Coatings market is projected to grow from USD 13.8 billion in 2021 to USD 16.8 billion by 2026, at a CAGR of 3.9% between 2021 and 2026.

The report provides a comprehensive analysis of company profiles listed below:
• PPG Industries Inc. (US)
• The Sherwin-Williams Company (US)
• Akzo Nobel N.V. (Netherlands)
• Axalta Coating Systems LLC (US)
• Jotun A/S (Norway)

"Automotive segment is projected to be the largest end-use market of Powder Coatings."
The automotive industry is expected to lead the overall Powder Coatings enduse market, in terms of value, between 2021 and 2026.The powder coatings market in the automotive segment is anticipated to witness healthy growth owing to increased competition among players, growing demand for vehicles, supportive government policies, development of transportation infrastructure, and rapid economic growth. Asia Pacific accounts for the largest share of the automotive coatings market owing to large demand and production of automobiles, rising number of joint ventures among key players, and favorable political and economic scenarios.

"Thermoset resin is the fastest-growing segment of the Powder Coatings market."
Thermoset powder coating is the preferred powder coatings technology for industrial applications. Epoxies and polyesters are predominantly used. Epoxies are preferred for their overall physical properties, while polyesters exhibit better outdoor weathering properties. The resin component in the formulation will largely determine the processing and performance properties of powder coatings.

"Asia Pacific is the fastest market for Powder Coatings during the forecast period."
Asia Pacific is projected to be the largest and the fastest-growing market for Powder Coatings during the forecast period. The high growth in the region is fueled by booming economies in China, India, and a few smaller countries such as Indonesia and Taiwan. Thermosetting powder coatings are preferred more than thermoplastic powder. As the end-use industries in the Asia Pacific are growing rapidly, especially in China and India, the market for powder coatings is increasing significantly.

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Competitive Landscape of Powder Coatings Market:
1 Overview
1.1 Overview Of Strategies Adopted By Key Powder Coatings Players
2 Company Evaluation Quadrant Matrix: Definition And Methodology, 2020
2.1 Stars
2.2 Emerging Leaders
2.3 Pervasive
2.4 Emerging Companies
3 Sme Matrix, 2020
3.1 Responsive Companies
3.2 Progressive Companies
3.3 Starting Blocks
3.4 Dynamic Companies
4 Competitive Scenario
4.1 Market Evaluation Matrix
5 Powder Coatings Market Share Analysis
6 Revenue Analysis
6.1 Ppg
6.2 Akzonobel
6.3 Axalta
6.4 Sherwin-Williams Company
6.5 Tiger Coatings
6.6 Jotun A/S (Norway)
7 Market Ranking Analysis
7.1 Competitive Situation And Trends

Research Coverage:
The Powder Coatings market has been segmented based on resin type (thermo set and thermoplastic),coating method (electrostatic spray, fluidized bed), end-use industry (appliances, automotive, general industrial, architectural, furniture, others), and region(Asia Pacific, Europe, North America, Middle East, South America, and Africa). The end-use industry segments are further analyzed for each country in the respective regions.

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This release was published on openPR.