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Global Powder Coatings Market Share, Size 2023 Movements By Growth Status, Trend Analysis, Revenue Expectation To 2032 | AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems
Powder Coatings Market
As per the powder coatings market report by The Business Research Company, limitations on products that generate high VOCs promote the sales of powder coatings will continue to be a driver of the powder coatings market. Powder coatings release a negligible amount of volatile organic compounds (VOC) when compared to solvent-based coatings. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are trying to enforce different regulatory acts to reduce the emissions of VOCs.
The global powder coatings market size will grow from $17.82 billion in 2022 to $19.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global powder coatings market size is expected to grow from $24.79 billion in 2027 at a CAGR of 6.7%.
Read More On The Powder Coatings Market Report Here:
https://www.thebusinessresearchcompany.com/report/powder-coatings-global-market-report
Major competitors in the Powder Coatings market include AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems
The Powder Coatings market is segmented -
• By Type: Thermoset, Thermoplastic
• By Coating Method: Electrostatic Spray, Fluidized Bed
• By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Powder Coatings market.
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Powder coating is a finishing process that keeps the binder and filler parts in a liquid suspension form. Powder coating is a technique that generally involves coating an entity with free-flowing, dry powder electrostatically and then curing it under heat or with ultraviolet light.
The Table Of Content For The Powder Coatings Market Include:
1. Executive Summary
2. Powder Coatings market Characteristics
3. Powder Coatings market Trends And Strategies
4. Powder Coatings Market - Macro Economic Scenario
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
The "Global Powder Coatings Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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