Global Powder Coating Market: is expected to reach US$ 17.25Bn in 2027, with a CAGR of 5.5% for the period 2021-2027, because of growth in various end-use industries.
Global Powder Coating Market Overview:
Powder Coating in the automotive application category held the majority of the market share in 2020 and are expected to continue to do so during the study period. Powder Coating give metal parts and goods a cost-effective, long-lasting, and durable surface.
Superior durability, scratch resistance, gloss retention, and chalk resistance are just a few of the advantages. It's mostly utilized on metal items that are subjected to harsh weather conditions. It complies with AAMA guidelines and is an environmentally sustainable procedure. Powder Coating are less expensive than liquid coatings since they do not contain solvents or volatile organic compounds (VOCs). Also, over-sprayed powder coating can be collected and recycled, lowering costs.
Maximize Market Research's new report, Global Powder Coating Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Global Powder Coating market.
Global Powder Coating Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Global Powder Coating market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Global Powder Coating market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
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Global Powder Coating Market Segmentation:
Based on Resin Type Segment: The powder coating market is further segmented into Thermoset and Thermoplastic. From 2021 to 2027, thermoset resin is expected to grow at a CAGR of about 7.3 percent. Epoxy, polyester, polyurethane, acrylic, and epoxy-polyester hybrids are among the materials used. In comparison to its competitors, the resin has a distinct chemical structure. It does not liquefy again after the curing treatment since it is thermally stable. Because of its temperature resistance, this type of resin is broadly used to cover appliances.
Increased usage of fire, smoke, and toxic resins, rapid cure systems, and the emergence of bio-based thermosets are all contributing to the Powder Coating market share in the automobile industry. The application breadth of thermoset resin has grown because of manufacturers' and consumers' focus on low-weight components. The segment is rising due to the rising demand for thermoset resin in automobile components such as wipers, horns, door handles, radiator grills, metallic structural components, wheel rims, and bumpers.
Global Powder Coating Market Key Players:
• PPG Industries, Inc
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• Axalta Coating Systems, LLC
• Jotun A/S
• BASF SE
• DSM
• Arkema S.A.
• Bayer AG
• Kansai Nerolac Paints Limited
• IFS Coatings
• The Valspar Corporation
• Tiger Coatings
• Asian Paints Ltd.
• TCI Powder
• Berger Paints India Limited
• Others
It then discusses the top competitors in the worldwide Global Powder Coating market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
Global Powder Coating Market Regional Analysis:
The report has analyzed the Global Powder Coating market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Global Powder Coating market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Global Powder Coating Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
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Key Questions Answered in the Global Powder Coating Market Report are:
- Which are the major companies in the Global Powder Coating market?
- Which is the potential market for Global Powder Coating in terms of the region?
- Which application area of Global Powder Coating is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Global Powder Coating market size by 2027?
- What are the growth prospects for the Global Powder Coating market?
- What is the base year considered in the Global Powder Coating market report?
- Which region holds the largest market share in the Global Powder Coating market?
- What factors are anticipated to drive the Global Powder Coating market?
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