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.Powder coating is usually applied to metals, such as aluminum, but can also be applied to other materials, such as plastics and glass. The powder may be a thermoplastic or a thermoset polymer. It is usually used to create a hard finish that is tougher than conventional paint. Powder coating is available in a wide range of colors and textures.
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Top Key Players in Powder Coatings market: Akzo Nobel N.V, The Sherwin-Williams Company, PPG Industries Inc., BASF SE, DSM, Jotun, Tiger Coating, Valspar, Bayer AG, and TCI Powder.
Key Trends
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.
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.
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Market Segments
The powder coatings market bifurcated on the basis of type, coating method, application, and region. On the basis of type, it is segmented into thermoset and thermoplastic. By coating method it is electrostatic spray, fluidized bed and others. By application it is divided into automotive, general industrial, architectural, furniture and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy Powder Coatings 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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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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