Will Growth of Various End-use Industries Drive Demand for Powder Coatings – Exclusive Report by Fact.MR

Latest industry survey by Fact MR, predicts Powder Coatings sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The report offers actionable and valuable market insights of Powder Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Powder Coatings Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Powder Coatings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Powder Coatings

This newly published and insightful report sheds light on Market Insights of Powder Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Powder Coatings Market.

Global shift from lead paint to enhanced coating technology will drive the powder coatings market by 2X over the forecast period (2019-2029). Initiatives such as Global Alliance to eliminate lead paint are central to mass-adoption of powder paint by end-use industries. Developing economies with increasing demand from goods such as automotive, home-appliances, and industrial machinery present remunerative opportunities for manufacturers of powder coatings.

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Key Segments Covered in Powder Coatings Industry Research

• By Resin

  • Epoxy Powder Coatings
  • Polyester Powder Coatings
  • Epoxy-Polyester (Hybrid) Powder Coatings
  • Acrylic Powder Coatings
  • Polyurethane Powder Coatings
  • Epoxy Polyester Powder Coatings

• By Application

  • Powder Coatings for Consumer Goods
  • Architectural Powder Coatings
  • Automotive Powder Coatings
  • Powder Coatings for General Industries
  • Furniture Powder Coatings

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Key Takeaways from Market Study

• The global powder coatings market is expected to reach a valuation of US$ 15 Bn by 2031.
• Epoxy-based coatings hold more than 30% total market share when categorized based on resins.
• Europe leads the global market with a majority market share of more than 30%. Increasing automotive production is cited as the most visible factor for regional growth.
• Consumer goods account for maximum demand for powder coatings, with a market share of over 23%.
• Increasing application in furniture will expand the segment at a robust CAGR of more than 8%.

“Increasing demand for powder coatings from the automotive & consumer goods sectors to nudge market growth over the coming years,” says a Fact.MR analyst.

Market Player’s Winning Strategy

Manufacturers are witnessing multiplying demand for powder coated consumer products. Increase in consumer awareness about the harmful effects of lead paint and the benefits of powder coatings is nudging market growth.

Leading companies are focusing on expanding their production capacities and also developing cost-efficient manufacturing processes. Many leading players are also focused on patenting their formulations to strengthen their foothold in the market.

Prominent companies operating in the market are PPG Industries, The Sherwin-Williams Company, Akzo Nobel N.V., Axalta Coating Systems, LLC, and Jotun A/S.

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Key Question answered in the survey of Powder Coatings market report:

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• Restraints Shaping Market Growth
• Market Survey of Powder Coatings

More Valuable Insights on Powder Coatings Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Powder Coatings, Sales and Demand of Powder Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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