The Powder Coatings Market is projected to reach USD 13.49 Billion by 2022, at a CAGR of 6.75% from 2017 to 2022. In this study, 2016 has been considered as the base year for estimating the market size.

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Browse 255 market data tables and 69 figures spread through 233 pages and in-depth TOC on "Powder Coatings Market“.

Table of Contents

1 Introduction (Page No. - 23)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 26)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
           2.3.3 Breakdown of Primary Interviews
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions and Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

Appliances: The leading end-use industry segment of the powder coatings market

Appliances are an essential part of our everyday life. Cookers, freezers, radiators, washing machines, air conditioning, heating, and others should be as smart in their looks as they are in their functionality. Consumer goods and appliances are significant end users of powder coatings.

The appliance industry is the largest market for thermosetting powders. The industry benefits from the use of powder coatings in applications that require the combination of appearance and resistance to abrasion, chemicals, and temperature cycling. The appliance industry uses powder coatings on front and side panels of refrigerators, dryer drums, air-conditioner cabinets, washer tops and lids, water heaters, dishwasher racks, freezer cabinets, and cracks of microwave ovens.

Increase in per capita income and consumer spending, changing consumer preferences, and growing need for automation and technology advancement are the key factors driving the powder coatings market.

Major Market Developments

• In January 2017, AkzoNobel expanded its powder coatings facility in Chengdu, Western China. The new site will help the company to meet growing product demand and also offer a wide range of powder products to its customers from automotive, construction, furniture, and IT industries.
• In January 2017, PPG acquired DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer. The acquisition adds the fastest-growing paint brands in Romania, where PPG has only a small presence in architectural coatings.
• In February 2017, Axalta entered into an agreement to acquire Century Industrial Coatings (US), a leading manufacturer of high-performance industrial coatings for structural steel, oil & gas, rail cars, and other OEM applications. This acquisition will enable both the companies to have the opportunity to offer their combined customers an entirely new range of products with best-in-class service.

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Key market players in the powder coatings market

The key players in this market are AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (U.S.), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Somar Corporation (Japan).

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