New York, According to a new market research report published by Global Insight Services “Powder Coatings Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Powder coating is a type of coating that is applied as a free-flowing, dry powder. The main difference between powder coating and conventional liquid coating is that the powder coating does not require a solvent to keep the binder and filler parts in a liquid suspension form. The coating is typically applied electrostatically and is then cured under heat to allow it to flow and form a “skin.” Powder coating is usually thicker than conventional liquid coatings.
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Key Trends
Some of the key trends in powder coating technology include:
1. Improved finishes: Powder coating technology has advanced to the point where it can now provide finishes that are indistinguishable from liquid paint. This means that powder coating can be used for a wider range of applications, including those that require a high level of aesthetic quality.
2. Increased durability: Powder coating finishes are becoming increasingly durable, thanks to advances in technology. This means that powder-coated surfaces will be able to withstand more wear and tear, and will look good for longer.
3. Greater sustainability: Powder coating is a more sustainable option than liquid paint, as it does not produce any harmful emissions. This makes it an ideal choice for those who are looking for an environmentally friendly finish.
4. More color options: Powder coating technology has expanded to include a wider range of colors, allowing for more creative and unique finishes.
Key Drivers
Powder coatings are a type of coating that is applied as a free-flowing, dry powder. The main drivers for the powder coatings market are the growing automotive industry, the preference for powder coatings over liquid coatings, and the stringent environmental regulations.
The automotive industry is the largest end-user of powder coatings. Powder coatings are used on a variety of automotive parts, including wheels, bumpers, and exhaust pipes. The growing automotive industry in emerging economies is expected to drive the demand for powder coatings.
The preference for powder coatings over liquid coatings is another key driver for the powder coatings market. Powder coatings provide a number of advantages over liquid coatings, including better durability, better resistance to chipping and scratching, and easier application.
Stringent environmental regulations are also driving the demand for powder coatings. Powder coatings emit lower levels of volatile organic compounds (VOCs) than liquid coatings, making them a more environmentally-friendly option.
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Key Market Segments
By Type
- Thermoset
- Thermoplastic
By Coating method
- Electrostatic Spray
- Fluidized Bed
- Others
Key Market Players
The powder coatings market report includes players such as Akzo Nobel N.V, The Sherwin-Williams Company, PPG Industries Inc., BASF SE, DSM, Jotun, Tiger Coating, Valspar, Bayer AG, and TCI Powder.
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Reasons to buy Powder Coatings Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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