Powder Coatings Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2021 – 2024

Posted on 2021-03-09 by researchinsights in Chemicals // 0 Comments

Felton, Calif., USA, Mar. 09, 2021 — /EPR Network/ —

The global Powder Coatings Market is likely to gain a significant CAGR in the forthcoming period. The powder coating process is much identical to the painting process with the only difference that, the paint material used as powder coating is dry than liquid. The powder attaches to the parts due to electrostatic charge and grounding. However, several advantages such as reuse and durability are achieved with these whereas the downsides demand less levelling, i.e. needs more peel and curing needs more energy.

The powder coatings market is driven by market expansion of construction sector and real estate. The need for aftermarket service in the construction domain is highly prevalent. Jobs like wall painting, house renovation, and furniture maintenance are likely to result in high use of powder coatings to fulfill these jobs. Apart from the residential space, powder coatings find industrial use in the manufacture and packaging sector. Powder coatings are used in industries to enhance the product features and give a finer finish.

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Resin type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

Epoxy
Polyester
Epoxy-Polyester (Hybrid)
Acrylic
Polyurethane
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

Consumer goods
Architectural
Automotive
General Industries
Furniture
Others

The key players in the powder coating industry include Asian Paints Limited, Axalta Coating Systems, Jotun A/S, Berger Paints India Limited, Kansai Paint Co, PPG Industries Inc, The Valspar Corporation, The Sherwin-Williams Company and the Somar Corporation.

Geographical segmentation for powder coating market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s powder coatings industry is likely to gain a significant CAGR in the forthcoming period due to the presence of manufacturing sector and broader use of powder coating for varied applications. Rise in demand, increasing use in industries and rise in rate of manufacture are likely to propel the APAC market growth.

North American and European regions are likely to gain a higher CAGR in the forecast period due to increasing use of powder coatings for furniture and construction industry. Apart, government regulations pertaining to manufacture of powder coatings by using eco-friendly products are likely to pump the powder coatings market growth in the near future.

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Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Powder Coatings Industry Outlook

Chapter 4. Powder Coatings Resin Type Outlook

Chapter 5. Powder Coatings Application Outlook

Chapter 6. Powder Coatings Regional Outlook

Chapter 7. Competitive Landscape

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