Europe Powder Coatings Market Know the Revenue and Profit-Sources of the Industry

𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global powder coatings market was valued over US$ 11.8 Bn in 2021
It is estimated to grow at a CAGR of 6.6% from 2022 to 2031
The global powder coatings market is expected to reach US$ 21 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/powder-coatings-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Powder coatings are 100% solid coatings, which comprise a homogeneous blend of polymers, pigments, and additives produced in the form of fine powder. These are solvent-free coatings and provide durable as well as attractive finishes. The powder is applied with the help of a spray gun, which imparts an electrical charge on powder particles and directs them toward the object to be coated. The object is then subjected to heat, which causes the powder to melt, flow out, and form a tough, coherent film.
Powder coatings are used to provide protective and decorative finishes. They are available in a wide range of colors and textures. Technological advancements have resulted in excellent performance properties.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1134

𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐃𝐮𝐞 𝐭𝐨 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐂𝐡𝐚𝐫𝐚𝐜𝐭𝐞𝐫𝐢𝐬𝐭𝐢𝐜𝐬

Rapid industrialization and urbanization has led to an increase in air pollution. Air pollutants such as volatile organic compounds (VOCs), particulate matter (PM), carbon monoxide (CO), and others, cause serious health hazards to agriculture and climate. Domestic and international regulatory organizations are pressurizing several developing and developed countries to enact legislations to restrict VOC emissions in order to reduce pollution.
Rules and regulations govern the evaluation, storage, handling, and transportation of specific chemicals, as well as their emissions, effluents, and other pollutants. The violation of such regulations is likely to result in legal obligations as well as severe penalties and losses. Thus, the demand for less harmful alternatives has increased. This is driving the powder coatings market.
Permits, testing, and record keeping have significantly reduced due to the low level of VOC released by powder coatings. Furthermore, powder coatings do not necessitate any specific transportation, storage, or handling methods. This is augmenting the powder coatings market.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐢𝐧 𝐃𝐲𝐧𝐚𝐦𝐢𝐜 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Powder coatings are transforming the automotive industry through faster production times and lower operating costs. They also provide irresistible value proposition for consumers. Conversion from conventional liquid coatings to powder coatings for auto body exteriors is taking place at a rapid pace. Powder coatings are used in automotive applications due to their abrasion and corrosion resistance. Powder coatings resist acid rain, ultraviolet rays of the sun, and road and weather damage. This helps cars retain their "showroom look" much longer, thus improving their resale value. There exists immense potential for high-heat resistant powder coatings on aftermarket mufflers, which protect against nicks, and prolong the life of the muffler.
Powder coatings are also applied to wheels, bumpers, door handles, roof racks, and exterior and interior trims. Primer powder coatings are now being used in some luxury cars to promote adhesion and resist corrosion. They are also used on the leading edge of sheet metals and rocker panels to protect against chipping. Thus, automotive is expected to be a highly attractive segment of the powder coatings market in terms of volume and growth rate during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1134

𝐓𝐡𝐞𝐫𝐦𝐨𝐬𝐞𝐭𝐬 𝐭𝐨 𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐭 𝐓𝐞𝐦𝐩𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐂𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐑𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬

Based on type, the global powder coatings market has been segmented into thermoset and thermoplastic. The thermoset segment accounted for major share of 80% in 2021, owing to the preference of thermoset powder coatings in automotive, appliances, and general industrial products. Thermosets are preferred due to their excellent temperature and corrosion resistance properties. The thermoset segment has been further sub-segmented into epoxy, polyester, epoxy polyester hybrid, acrylic, and others. Low-temperature powder coatings and anti-microbial powder coatings are also prominent sub-segments of the thermoset segment.
The polyester sub-segment constitutes key share of the thermoset segment, as polyester has superior durability and high resistance to UV light, primarily in buildings, agriculture machinery, and garden and leisure equipment. Epoxy polyester hybrid is another type of powder coating. The sub-segment is projected to grow at a rapid pace during the forecast period due to the superior weatherability of epoxy polyester hybrid vis-à-vis epoxy powder coatings.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐬𝐭𝐚𝐭𝐢𝐜 𝐒𝐩𝐫𝐚𝐲 𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐌𝐞𝐭𝐡𝐨𝐝 𝐭𝐨 𝐑𝐞𝐝𝐮𝐜𝐞 𝐒𝐩𝐫𝐚𝐲 𝐖𝐚𝐬𝐭𝐞

The electrostatic spray segment held key share of 84% of the global market in 2021, owing to the preference of electrostatic spray for powder coatings in automotive, architecture, and furniture applications. Electrostatic spray is primarily used for thermoset powder coatings. Electrostatic spray requires the usage of a spray gun to apply an electrostatic charge to powder particles, which are attracted to the grounded part. The substrate is then subjected to heat, which causes the powder to melt, flow out, and form a tough, coherent film.
The electrostatic spray coating method is efficient due to the static electric charge created, which results in minimum spray waste. It is a cost effective method due to overspray reduction. Electrostatic sprayed finished product is of good quality due to the even distribution of paint. Thus, electrostatic spray is expected to be a highly attractive segment of the powder coatings market in terms of volume and growth rate during the forecast period.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐟𝐨𝐫 𝐔𝐬𝐞 𝐢𝐧 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐌𝐞𝐭𝐚𝐥𝐬

Based on application, the powder coatings market has been segmented into appliances, automotive, architecture, metal furniture, ACE, general metals, and others. The general metals segment held key share of 30% in 2021 due to the rise in acceptance of powder coatings in the metal industry. Powder coating can be applied to stainless steel in domestic appliances.
The appliances segment is projected to grow at a rate of 15% during the forecast period. Powder coatings are used in appliances, as they improve esthetic appeal and resistance to abrasion, chemicals, and temperature cycling. The architecture segment constituted a small share of the market in 2021. The segment is likely to grow at a steady pace during the forecast period, owing to stringent verification processes by governments for VOC emissions. Powder coating is solvent-free; therefore, it does not emit VOCs.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of value, Asia Pacific dominated the global powder coatings market with 40% share in 2021. The market in the region is expected to grow at a rapid pace throughout the forecast period due to the region's stable economy, rise in disposable income of consumers, and growth in standard of living in countries such as China, Japan, Singapore, Malaysia, and Vietnam. Europe held a market share of 31% in 2021. The implementation of stringent emission regulations by government bodies such as the REACH is likely to propel the powder coatings market in Europe.
North America constituted a share of 17% in 2021, due to rise in environmental concerns and awareness regarding the harmful effects of solvent-based coatings.
The market in Middle East & Africa is anticipated to grow at a CAGR of 6.7% during the forecast period, owing to the surge in demand for passenger & commercial vehicles in the Middle East; and extension of road networks, especially in Saudi Arabia.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1134

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Leading producers of powder coatings across the globe include Akzo Nobel N.V., PPG Industries, Axalta Coating Systems, The Sherwin-Williams Company, and BASF SE. The market was highly competitive in 2021, owing to the presence of various small- and medium-scale manufacturers. Asia Pacific is the major region in the global powder coatings market due to the presence of many small- and medium-sized manufacturers and China being the key exporter of powder coatings across the globe.
Each of these players has been profiled in the powder coatings market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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