Powder Coatings Market is growing at a CAGR of xx% during the forecast period 2018 to 2025
Powder Coatings Market Overview:
Powder coatings are solvent-free coatings with negligible volatile organic compounds (VOC) emissions that makes them environment-friendly. They are based on polymer resin systems, combined with curatives, pigments, levelling agents, flow modifiers, and other additives. They provide economical, long-lasting and durable quality finish for metal parts and products, and exhibit properties such as superior durability, scratch resistance, gloss retention, and resistance to chalking. These coatings are applied on metal parts exposed to extreme weather conditions. They are recyclable on over use, thereby, reducing the overall costs. Powder coatings are categorized into two segments of thermoplastics and thermoset. Thermoplastics are soft and can be re-moulded and welded upon heating, whereas, thermoset polymer cannot be moulded or re-moulded upon heating. Known to have controlled film thickness and providing easy rectification of poorly coated areas makes them a preferred choice for various end-use applications. Automotive and construction markets are prime consumers of this industry. Other applications include consumer goods, electrical and electronics, general industrial and others.
Powder Coatings Market Size:
Global Powder Coatings Market to Surpass US$ 15 Billion by 2025 growing at a healthy CAGR during the forecast period.
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Powder Coatings Market Drivers and Restraints:
Growing technological advancements and increasing demand from architectural applications, appliances, automotive, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and other uses have boosted the market to a great deal. Firms are forever evolving to deliver quality products to its customers. For example, Hempel, recently, established a new R&D facility solely focused on passive fire protection (PFP) coatings near Barcelona, Spain. The centre is likely to be fully functional by the end of 2018. In spite of strict government and environmental regulations, the market is extending its usage portfolio across applications.
Geographical Overview of Powder Coatings Market:
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific and Europe show a great potential for the market with its growing automotive application. Production of commercial vehicles in China, India, France, Italy, etc., coupled with growing OEMs is expected to boost the market in the coming years. North America is also a huge market with its construction business booming.
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Key Players of Powder Coatings Market:
Some of the big players are Akzonobel N.V., Sherwin Williams, PPG Industries, Nippon Paint Holdings, Axalta, RPM International among others. The market is organized, and technological advancement is a major factor of concern for the firms as it helps them minimize cost involved with high energy consumption and manufacture as per applications and demand.
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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