Powder Coatings Market to Develop New Growth Story | PPG Industries, Jotun, Bayer

HTF MI started a latest business research with the Global Powder Coatings Market Study Forecast till 2029. This Powder Coatings market report brings data for the estimated year 2023 and forecasted till 2029 in terms of both, value (USD Billion) and volume (MT) Market. The study is conducted by applying both top-down and bottom-up approaches and further iterative methods used to validate and size market estimation and trends of the Powder Coatings market. Additionally, to complement insights EXIM data, consumption, supply and demand Figures, raw price analysis, market revenue, and gross margins. Some of the companies listed in the research study are Axalta Coating Systems (United States), PPG Industries (United States), Jotun (Norway), Sherwin-Williams company (United States), Akzo Nobel NV (Netherlands), BASF SE (Germany), Bayer AG (Germany), Arkema S.A. (France), TCI powder (United states), RPM International (United States) are some of the key players profiled in the study.Additionally, the players which are also part of the research coverage are Berger Paints (India), Asian Paints (India), KAPCI Coatings (India), SOMAR (Japan), Others etc.

Market Snapshot
The calcium phosphate market refers to the industry involved in the production, distribution, and sale of calcium phosphate, a mineral compound that is widely used in various industries for its unique properties. Calcium phosphate is commonly found in bones and teeth and is a primary source of calcium for the human body. In industrial applications, calcium phosphate is used as a fertilizer, food additive, and animal feed supplement. It is also used in the manufacturing of ceramics, pharmaceuticals, and personal care products.

The Global Powder Coatings market was valued at USD 13.8 Billion in 2023 and is expected to reach USD 17.9 Billion by 2028, growing at a CAGR of 7.21 % during 2023-2028.

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Market Scope / Segment Breakdown
Global Powder Coatings market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.

Powder Coatings Market by Type: Thermoplastic, Thermoset

Powder Coatings Market by Application: Architectural sites, Appliances, Automotive, Furniture, Industries, Others

By Geography: North America, Europe, Southeast Asia, China, Japan, India, Middle East, Africa, LATAM, Others

The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global Powder Coatings market. Some of the players that are profiled in the study are Axalta Coating Systems (United States), PPG Industries (United States), Jotun (Norway), Sherwin-Williams company (United States), Akzo Nobel NV (Netherlands), BASF SE (Germany), Bayer AG (Germany), Arkema S.A. (France), TCI powder (United states), RPM International (United States) are some of the key players profiled in the study.Additionally, the players which are also part of the research coverage are Berger Paints (India), Asian Paints (India), KAPCI Coatings (India), SOMAR (Japan), Others etc.

Based on the type, the market is bifurcated as Thermoplastic, Thermoset, and On the basis of application, the market is divided as Architectural sites, Appliances, Automotive, Furniture, Industries, Others. The Appliances, segment accounted for highest market share in 2022 and is hence expected to be the next fastest growing segment throughout the forecast period.

In 2022, the Global Powder Coatings market by region, Asia Pacific contributed a major market share of 11.5% growing at the CAGR of 7.21% during the forecast period.

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Qualitative Insights from Study
Powder Coatings Market Trends
Growing preference for powder coatings over liquid coatings due to their superior performance and durability

Powder Coatings Market Drivers
Increasing preference for powder coatings over liquid coatings due to their superior performance, durability, and environmental benefits

Powder Coatings Market Opportunity
Rising demand for powder coatings in the marine industry for anti-corrosion and anti-fouling applications

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Research Objective
• To define and describe the Powder Coatings segmented by product & service, by application, by end-user, and by region.
• To estimate and forecast the Powder Coatings by value in USD Billion.
• To estimate and forecast the market size for various segments with regard to Region Name.
• To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
• To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the Powder Coatings and provide the competitive landscape.
• To provide industry attractiveness with help of various tools such as the Porter's five force analysis and the PESTEL analysis.

Market Size Estimation
Top-down and bottom-up approaches are used to validate the Global Powder Coatings Market size market and estimate the market size for Manufacturers, Type and Regions.
The market estimations in this report are based on the marketed sale price of Powder Coatings excluding any discounts provided by the manufacturer, distributor, wholesaler or traders. The percentage splits, market shares, and breakdowns of the product segments are derived based on weightages assigned to each of the segments based on their utilization rate and average sale price. The regional splits of the overall Powder Coatings market and its sub segments are based on the percentage adoption or utilization of the given product in the respective region or country.

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Powder Coatings market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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