Global Powder Coatings Market 2022 Growth, Demand, Size, Share Forecasts to 2031

The global powder coatingsmarket report by the business research company identifies powder coating is an energy-intensive process that consumes more energy during the curing process. Curing is a chemical process where paint is allowed to dry and harden.The high consumption of energy increases the operating expenses of manufacturing companies globally to be a major growth driver for the powder coatingsmarket. For example, in Sweden nearly 350 powder coating plants are using more than one metric ton of coating powder, which accounts for the total energy usage of 525 GWh/year, corresponding to 1.5 GWh/year per plant. Thus, high consumption of energy in powder coating restrains the growth of the market.

The global powder coatings market size is expected to grow from $16.39 billion in 2021 to $17.76 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The global powder coatings market size is expected to grow to $23.73 billion in 2026 at a CAGR of 7.5%.

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Asia Pacific was the largest region in the powder coatings market in 2021. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the global powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the powder coatings market are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation, Asian Paints, and RPM International.

The global powder coatings market is segmented -
1) By Type: Thermoset, Thermoplastic  
2) By Coating Method: Electrostatic Spray, Fluidized Bed
3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications

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The powder coatingsMarket Report Contents Include
1. Executive Summary
2. Powder Coatings Market Characteristics
3. Powder Coatings Market Trends And Strategies
4. Impact Of COVID-19 On Template
5. Powder Coatings Market Size And Growth
....
26. Africa Powder Coatings Market
27. Powder Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Powder Coatings Market
29. Powder Coatings Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the powder coatings market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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