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Powder coatings market insights & emerging trends

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Rohna Patnakar

The Powder Coatings Market is projected to reach USD 13.49 Billion by 2022, at a CAGR of 6.75% from 2017 to 2022. In this study, 2016 has been considered as the base year for estimating the market size.

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Browse 255 market data tables and 69 figures spread through 233 pages and in-depth TOC on "Powder Coatings Market by Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), End-Use Industry (Appliances, Automotive, General Industrial, Architectural, Furniture), and Region - Global Forecast to 2022".

Powder coating is a type of coating that is applied as a free-flowing, dry powder. This coating does not require a solvent to keep the binder and filler parts in a liquid suspension form. The coating is usually applied electrostatically and is then cured under heat to allow it to flow and form a layer. The powder is either a thermoplastic or a thermoset polymer. It is usually used to create a hard finish that is tougher than conventional paint. Powder coating is mainly used for coating of metals, such as household appliances, aluminium extrusions, drum hardware, and automobile and bicycle parts.

Target Audience:

  • Powder coatings manufacturers
  • Raw material suppliers
  • Manufacturing type providers
  • Industry associations
  • End-use industries such as appliances, automotive, general industrial, architectural, and furniture, among others
  • NGOs, governments, and regional agencies and research organizations
  • Investment banks, venture capitalists, and private equity firms

Market Dynamics

Drivers

  • Stringent government regulations
  • Growth in various end-use industries
  • Technological advancements

Restraints

  • Difficulty in obtaining thin films

Opportunities

  • Use of reed sensors in emerging technologies
  • Increasing use of powder coating in automotive industry
  • Emerging applications in shipbuilding and pipeline industries
  • Fluorine resin powder coating
  • Powder coating applied to coil coating
  • Emergence of new application methods

Challenges

  • Environmental challenges

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Key market players in the powder coatings market

The key players in this market are AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (U.S.), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Somar Corporation (Japan).

 

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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