Powder Coatings Market Size, Share, Growth, Trends, Regional Analysis Forecast 2023

Powder Coatings Market Rising demand from automobile as well as consumer goods will boost the growth of the global market

Powder coatings belongs to a class of coatings, they can be formulated to offer improved properties when compared with conventional liquid coatings. Powder coatings contain no solvents and emit negligible amount of volatile organic compounds (VOC) into the atmosphere. They can produce much thicker coatings than conventional liquid based coatings without sagging. Moreover, their curing time is significantly faster as compared to liquid coatings and can be applied to a wide range of substrates. With these reasons they find wide application scope in consumer goods, automotive & transportation, architectural & furniture, appliances, and others.

Competitive analysis of Powder Coatings Market:-
The major players operating in the powder coatings market are PPG Industries, Inc (U.S.), The Valspar Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (India), KANSAI PAINT CO.,LTD (India), Royal DSM (the Netherlands), Arkema (France), Evonik Industries (Germany), TCI Powder (U.S.), The Sherwin-Williams Company (U.S.), and others.

Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Intended Audience
• Powder Coatings Manufacturers
• Traders and Distributors of Powder Coatings
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

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Regional Analysis
Asia Pacific is estimated to be the largest powder coatings market followed by Europe and North America due to strong growth in automotive & transportation and architectural & furniture industry. In Asia Pacific, countries such as China, India and Japan are the fastest growing market for powder coatings, and is predicted to grow with the same pace over the assessment period. Improving living standards coupled with the flourishing growth of construction sector is predicted to contribute to the regional market growth. In Europe, Germany and UK are predicted to register a strong growth on account of tremendous demand for powder coatings in the automobile sector. In North America, the U.S and Canada are among the major contributors in the regional market growth due to expansion of appliances as well as consumer goods sector. The Middle Eastern and African countries such as Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are expected to witness substantial growth due to increasing foreign investments and shifting of manufacturing base for various end use industries to these region.

Segmentation
The global powder coatings market is classified on the basis of resin type, application, substrate, and region. Based on resin type, the market is segmented into thermoplastic and thermoset. Thermoplastic segment is subdivided into nylon, polyolefin, polyvinyl fluoride (PVF), and polyvinyl chloride (PVC). Thermoset segment comprises of polyester, epoxy, acrylic, polyurethane, epoxy polyester hybrid, and others. Based on application, powder coatings market is segmented into automotive & transportation, architectural & furniture, appliances, consumer goods, and others. Based on substrate, the market is divided into metal and non-metal.

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