Powder Coatings Market 2016-2024 by Segmentation Based on Product, Application and Region

In a new industry report published by Credence Research Inc., “Powder Coatings industry by Resin Type (Epoxy, Polyester, Epoxy-Polyester, Acrylic, Polyurethane and Others), by Application Type (Consumer Goods, Automotive, Architectural, General Industries, Furniture and Others)” - Growth, Future Prospects, Competitive Analysis, 2016 – 2023”, the worldwide powder coatings industry was valued at US$ 8.70 Bn in 2015. In the same year, in terms of volume the powder coatings industry was 2.36 Million tons.
Browse the full report at http://www.credenceresearch.com/report/powder-coating-market
Industry Insights:
The global powder coatings industry is projected to grow significantly during the forecast period. Rising applications of powder coatings in various sectors such as automotive, furniture and appliances among others is the major factor driving the industry growth. Moreover, advantages of powder coatings over traditional wet paints such as high resistance to corrosion, durability, cost-effective, and high-quality finish is another factor contributing towards the industry growth. Powder coatings are environment friendly as they are solvent free thus result in negligible emissions of volatile organic compounds (VOC). Therefore, have high support from the government regulatory such as REACH and EPA, thereby fueling demand. However, application and design issues are inhibiting the industry growth. High consumption of energy is another factor restraining the industry growth over the next six years.
Emerging economies such as India, China, Malaysia, Brazil, and some GCC countries offers lucrative growth due to strong growth in automotive industry. Growing demand for furniture along with the availability of the product is projected to propel the industry growth. Continuous innovation and technological advancements is projected to further expand industry opportunities.
Competitive Insights:
The industry is moderately fragmented with top ten participants accounted for 45% share of the global industry in 2015. AkzoNobel, PPG, Sherwin Williams and Axalta are some of the prominent players present in this industry. To increase their foothold in the industry companies are focusing on various product innovation. Some of the others key players present in this industry are Jotun, BASF and Nippon Paint among others.
Key Trends:
Emerging economies offers huge untapped industry potential
Advancement in technologies provide huge industry opportunities
Rising demand for powder coatings from various end use sectors
Browse the full report at http://www.credenceresearch.com/report/powder-coating-market
ToC:
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Powder Coatings Market
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Market Opportunities
3.6 Attractive Investment Proposition, By Application Type
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Players
Chapter 4 Global Powder Coatings Market Analysis, By Resin Type
4.1 Overview
4.2 Epoxy
4.3 Polyester
4.4 Epoxy-Polyester
4.5 Acrylic
4.6 Polyurethane
4.7 Others
Chapter 5 Global Powder Coatings Market Analysis, By Application
5.1 Overview
5.2 Consumer Goods
5.3 Automotive
5.4 Architectural…
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