Powder Coating Market Progresses for Huge Profits During 2017-2025

Powder Coating Market: Market Dynamics

The stringent government regulations on solvent based coatings with respect to emissions, air quality, toxicity controls and individual and industry associates/initiatives is expected to favor the growth of powder coating market during the forecasted period owing to its non-hazardous effects .

Factors such as increasing consumption of consumer goods, increased spending on vehicle refinish surface coatings, etc. have been driving factors of the powder coatings market. Currently, the demand from domestic appliance and furniture industries has been driving the consumption of powder coatings due to superior finish and product durability characteristics. It is expected that increasing scope of application in construction & architecture, agricultural & construction equipment, transportation, etc. will fuel the growth of the Powder Coating Market in the forecasted period.

However, high installation cost and non-conformance to thin layer coatings in major end use applications is considered to be a restraint for the Powder Coating Market.

Powder Coating Market: Regional Outlook

The ever increasing population, growing retail sector, hospitality sector and increased urbanization coupled with higher purchasing power of population in China, Brazil and India is expected to drive the demand for furniture and automobiles, which in turn, will fuel the consumption of Powder Coating, thereby driving the Powder Coating Market in the region.

Increased demand for domestic appliances, such as washing machines, microwave ovens and freezer cabinets is expected to increase the use of Powder Coating in these applications in China, India, Vietnam, Thailand and Philippines. China is expected to be the growing market for Powder Coatings during the forecasted period.

Latin America, Middle East countries and Europe are expected to be economically progressive regions having huge potential opportunities. Higher income of people along with a general increase in the consumption of automobiles has triggered the boom in the automobile market. It is expected that countries, such as Dubai, Qatar, Saudi Arabia and Kuwait will invite automobile coating companies to invest in the region and generate better revenue.

Countries like Germany, Hungary, U.K. and Romania are expected to show an increase in demand for Powder Coating as various automobile producing companies are located in these countries. Support from regulatory bodies like REACHES and EPA to use powder coating over conventional materials will also help the growth of the Powder Coating market in the region.

Mexico is expected to witness significant growth in Powder coatings Market as many companies have shifted their manufacturing operation to Mexico, thereby driving the Powder coating market in the region.

Powder Coating Market: Market Participants

Some of the examples of the market players operating in the global Powder Coating Market are: Axalta Coating Systems,LLC, The Valspar Corporation., Akzo Nobel N.V, American Powder Coatings Inc, Allnex group, Procoat, PPG Industries Inc., IFS Coatings, RPM International Inc., Midwest Industrial Coating Inc., Guangzhou Kinte Powder Coating Co. Ltd.

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