Apr 23, 2021   SOURCE: BusinessWire

Global Powder Coatings Market Report 2021: Market Size was $9.7 Billion in 2020 and is Expected to Reach $14 Billion by 2026 - Increase in Demand from the Automotive and Transportation Industry - ResearchAndMarkets.com

The "Powder Coatings Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global powder coatings market by revenue is expected to grow at a CAGR of approx. 6% during 2020-2026.

The global powder coating market size was valued at USD 9.7 billion in 2020 and is expected to reach USD 14 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 6% during 2021-2026. The market is expected to grow 1.4 times during the forecast period.

APAC is the largest contributor to the market. China holds the largest share in the market as there are over 500 producers with small-scale operations supplying powder coatings to the local market. The APAC market will witness the highest growth due to the increasing construction and infrastructure activities during the forecast period.

China's demand is likely to be driven by architectural developments, increasing consumer goods application, and rising automotive demand. Increased investments in construction, marine, and oil and gas industries are also influencing market growth. The demand for powder coatings is also driven by the development of high-quality infrastructure and heavy investments in the automotive industry.

Moreover, the demand for coatings with low VOC content has increased with the introduction of strict regulations in North America, Europe, and China. The need for low emission coatings has driven the demand for environment-friendly material over the last few years.

INSIGHTS BY VENDORS

Due to the highly competitive and volatile environment in the powder coatings market, future market growth mainly depends on the vendor's ability to anticipate, gauge, and adapt to the constantly changing market trends. Manufacturers must develop environment-friendly coatings with low or no VOC content and successfully introduce new or improved products on time.

AkzoNobel, PPG Industries Inc., Sherwin Williams, RPM International Inc., Axalta Coatings Systems, and DSM are the major vendors capturing the major powder coatings market share.

The introduction of innovative and proprietary products that cater to customer demands requires companies to devote significant effort and resources. The research and development team needs to continuously analyze market trends to design, develop, and manufacture new product categories and new products with distinctive features and added advantages.

Prominent Vendors

  • AkzoNobel
  • PPG Industries Inc.
  • Sherwin Williams
  • RPM International Inc.
  • Axalta Coatings Systems
  • DSM

Other Prominent Vendors

  • Allnex Italy SRL
  • Arkema SA
  • Asian Paints Limited
  • BASF
  • Berger Paints
  • Diamond Vogel
  • Dulux Group
  • Jotun
  • Eastman Chemical Company
  • Evonik
  • Nippon Paint Holdings Limited
  • Tiger Coatings
  • Teknos
  • Kansai Paint
  • KCC Corporation
  • Sika AG
  • Wacker Chemie AG
  • Arsonsisi s.p.a
  • iBA Kimya
  • CWS Powder Coatings
  • Erie Powder Coatings Inc.
  • Europolveri SpA
  • Hentez Coatings Inc.
  • IFS Coatings
  • Karl Worwag Lack-und Farbenfabrik GmbH & Co.KG
  • Keyland Polymer
  • Modern Sak Factory

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope Of The Study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Global Powder Coatings Market

7.2 APAC - The Largest Contributing Region

7.3 Key Insights for The Powder Coatings Market

8 Powder Coating Application Methods

8.1 Preparation Stage

8.2 Application Stage

8.3 Impact Of COVID-19

8.4 Voice Of Industry Experts On Powder Coatings

9 Market Opportunities & Trends

9.1 Increase in Demand From The Automotive And Transportation Industry

9.2 Expanding Use of Fluoropolymers In Architectural Applications

9.3 Increasing Use of Low-Temperature Powder Cure Technology

9.4 Sustainable Powder Coatings With Recycled Plastics

9.5 Introduction of Innovative Powder Coatings

10 Market Growth Enablers

10.1 Powder Coatings Generating Low Or No VOC

10.2 Evolving Use In The Aerospace Market

10.3 Increasing Environmental Regulations

11 Market Restraints

11.1 High Cost of Raw Materials

11.2 Difficulty in Obtaining Thin Films In Powder Coatings

12 Supply Chain Analysis

13 Growth Opportunity Analysis

13.1 By Resin

14 Market Landscape

14.1 Market Size & Forecast

14.2 Five Forces Analysis

15 Resin Type

15.1 Market Snapshot & Growth Engine (Revenue)

15.2 Market Overview

16 Thermoset Resin

16.1 Market Overview

16.2 Epoxy

16.3 Epoxy Polyester Hybrids

16.4 Polyester

16.5 Polyurethane

16.6 Other

17 Thermoplastic Resins

17.1 Market Overview

18 End-User Industries

18.1 Market Snapshot & Growth Engine

18.2 Market Overview

18.3 Appliances Or Consumer Goods

18.4 Automotive

18.5 General Industrial

18.6 Furniture

18.7 Architectural

For more information about this report visit https://www.researchandmarkets.com/r/arynr9