Current Trends And Future Prospects of the Powder Coating Market, 2022

Allied Market Research published a recent and an in-depth research material on the global powder coating market. According to the research, the market will assemble $12,332 billion by 2022. A compound annual growth of 6.3% can be seen during the forecast period 2014–2022. It provides deeply researched insights on key benefits, key market segments, target audience, and tools and research methodologies that were undertaken to compile this report.

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The research provides the market overview which consists of key findings, market share analysis, Porter’s Five Force Analysis, and the market dynamics such as the driving factors, opportunities, and restraints. The key findings shed a light on top impacting factor, top investment pockets, and the top winning strategies. The Porter’s Five Force Analyses the bargaining power of suppliers and buyers, threat level from substitutes, a threat of new market contenders, and competitive rivalry among the leaders. The drivers mention the factors that lead to the growth of this segment along with the opportunities and restraints that are a mandatory part of every market sector.

There is a descriptive introduction on the resin-types of powder coating market. It has been dissected into the segments of thermoset and thermoplastic. There is a detailed analysis of market trends and forecast, growth factors, and opportunities for each of the segment. The thermoset type coating market is exhibiting a CAGR of 6.4% during the forecast period. The demand for powder coating is high due to technological advancement and a surge in demand from sectors such as architecture, appliances, automotive, furniture, agriculture, construction, and earth moving equipment. Each of the sectors has their own volumes of demands that can be determined by the market size and forecast.

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There are observations made on the demand arising from each of the geographical markets as well. The research gives an in-depth research view for North America, Asia-Pacific, Europe, and LAMEA. The report states that Asia-Pacific was leading the powder coating market with more than half of the market in 2015. Increasing disposable income, improved standard of living, and proactive government is helping the market in Asia-Pacific grow. The automotive industry specifically is the main driving force behind the market for Asia-Pacific.

Key Points to Be Noted from The Global Powder Coating Market Research:

• The report has elaborate information on the driving forces, opportunities, and restraints which help us analyze each of the segment in details.
• The forecast period 2014–2022 includes the market projections which help stakeholders make important decisions on market penetration.
• Quantitative and qualitative data aid the global leaders form competitive plans for strategies.
• Geographical segmentation enables us to understand the potential of each area and the financial contribution arising from various regions.

The key player profiled are AkzoNobel N.V, PPG Industries, Sherwin Williams, BASF SE, Kansai Nerolac Paints Limited, Axalta Coating Systems, Berger Paints, IFS Coating, Tiger Coating, and The Valspar Corporation. These market leaders conduct a SWOT analysis which facilitates them to formulate plans for strategic moves. The research piece provides the company overview and the financial gains of each of the shareholders.

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