Press release
Future Trends in Powder Coatings Industry Technology, Resin Type, Coating Method, Application and Regional Forecast to 2026
Powder Coatings Market
Powder coating is a type of coating that is applied as a dry powder to a substrate. The powder is electrostatically charged and then sprayed onto the surface of the object being coated. The object is then heated in an oven, causing the powder to melt and flow into a smooth, continuous film. The result is a durable, attractive finish that is resistant to chipping, scratching, and fading.
The global powder coatings industry garnered $9.8 billion in 2018, and is estimated to reach $15.0 billion by 2026, witnessing a CAGR of 5.4% during the forecast period, 2019-2026.
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Drivers, restraints, and opportunities-
Rise in adoption of powder coatings over liquid coatings, supporting environmental regulations, surge in demand for appliances, and booming construction industry drive the growth of the global power coatings market. On the other hand, difficulty in the application of thin coats impedes the growth to some extent. However, rapid economic growth in emerging countries is expected to pave the way for a number of opportunities in the industry.
Key players in the industry-
Akzo Nobel N.V.
Tiger Coatings
Kansai Nerolac Paints Limited
IFS Coatings
Sherwin Williams
Axalta Coating Systems
BASF SE, Berger Paints
PPG Industries
The Valspar Corporation
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Detailed segmentation-
Based on resin type, the report bifurcates the market into thermoset and thermoplastic. The thermoset segment garnered the major share in 2018, holding 92% of the global powder coatings market. The segment is also expected to dominate during the forecast period.
Based on coating method, the market is categorized into Electrostatic Spray and Fluidized Bed. The electrostatic spray segment held the largest global powder coatings industry share in 2018 and is anticipated to retain its top position by the end of 2026.
Based on application, the market is divided into Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, and Others. The automotive segment accounted for nearly one-fifth of the global powder coatings market share and is projected to rule the roost by 2026.
Based on geography, the Asia-Pacific region, followed by North America, accounted for nearly three-fifths of the global powder coatings market revenue and is predicted to lead the trail throughout the study period. The same segment is also expected to grow at the fastest CAGR of 5.8% during 2019-2026. The report also analyzes the regions across North America, Europe and LAMEA.
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Check Complete Report Details of market: https://www.alliedmarketresearch.com/powder-coatings-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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