Powder Coatings Market Size to Reach USD 15 Billion by 2026 - Valuates Reports

BANGALORE, India, June 10, 2020 /PRNewswire/ -- Powder coating is a dry finishing process in which electrostatic spray deposition (ESD) is typically used to achieve the powder coating to a metal substrate. This application method uses a spray gun, which applies an electrostatic charge to the powder particles, which are then attracted to the grounded part.

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Powder Coatings Market size is expected to reach USD 15 Billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.

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TRENDS INFLUENCING THE POWDER COATINGS MARKET SIZE

    --  Rising automotive production and increasing demand for medical devices
        are expected to be a major factor driving the growth of Powder Coatings
        Market size growth during the forecast period. In addition, the high
        adoption of powder coatings in the furniture sector will stimulate
        market expansion due to excellent performance, low operating costs,
        color availability, and custom properties such as anti-corrosion and
        antibacterial functions.
    --  Efficiency and overspray are the main factors that control the economics
        of the market. Factors such as increased consumer spending, increasing
        per capita income, changing customer preferences, and technological
        advancement is also fueling the growth of Powder Coatings Market size.
    --  The regional government's socio-economic development along with housing
        subsidies, would have a positive effect on the architectural and
        decorative sector and indirectly help the growth of the Powder Coatings
        Market size.
    --  Excellent performance properties, along with product availability in a
        wide variety of colors and textures, will further spur the revenue from
        the powder coating market during the forecast period. Advantages such as
        high adoption rates due to ease of use, lower product costs, and
        environmental performance are further propelling the market growth.
    --  Growing awareness among consumers about eco-friendly lifestyle is
        expected to impact the growth of Powder Coatings Market size positively.
        Powder coatings market first flourished in North America, and the
        products have now become a convenient replacement for traditional
        industrial finishing methods.
    --  Because of its durability and high quality, most companies now opt for
        the powder coating instead of any other industrial finishing method.
        Powders used in the process are also available in inexhaustible color
        and texture dependent numbers. This widespread adoption from
        organizations is expected to increase the Powder Coatings Market size.

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POWDER COATINGS MARKET SHARE ANALYSIS

    --  Powder coatings market first flourished in North America, and the
        products have now become a convenient replacement for traditional
        industrial finishing methods. Due to the widespread use of the Powder
        Coatings technique, North America is expected to hold the largest market
        share.
    --  The Asia Pacific is predicted to show the highest growth rate during the
        forecast period. The Asia Pacific and MEA region's growing economies
        have seen strong growth in non-residential sectors, including consumer
        goods, IT, telecoms, and retail, resulting in high demand for powder
        coatings. Rising consumer goods businesses are expected to increase
        market growth in the near future in India, China, and Singapore.
        Furthermore, rising automotive production and rising demand for medical
        devices are expected to be a major factor in market growth in developing
        countries, including India and China, over the forecast period.

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FEATURED COMPANIES

    --  AkzoNobel N V
    --  PPG Industries
    --  Sherwin-Williams
    --  BASF SE
    --  Axalta Coating Systems
    --  Kansai Nerolac Paints Limited
    --  IFS Coatings
    --  Jotun
    --  The Valspar Corporation
    --  Tiger coatings.
    --  Others

POWDER COATINGS MARKET SEGMENTS:

By Resin Type

    --  Thermoset
        --  Epoxy
        --  Polyester
        --  Epoxy Polyester Hybrid
        --  Acrylic
    --  Thermoplastic
        --  Polyvinyl Chloride (PVC)
        --  Nylon
        --  Polyolefin
        --  Polyvinylidene Fluoride (PVDF)

By Coating Method

    --  Electrostatic Spray
    --  Fluidized Bed

By Application

    --  Appliances
    --  Automotive
    --  Architectural
    --  Furniture
    --  Agriculture, Construction, & Earthmoving Equipment (ACE)
    --  General Industrial
    --  Others

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SIMILAR REPORTS :

    --  India Powder Coatings Market

The India powder coatings market size was USD 896.7 Million in 2017 and is projected to reach USD 1.508.2 Billion by 2025, at a 6.6% CAGR from 2018-2025.

The growth of India Powder Coatings Market size is attributed to factors such as supporting environmental regulations, increasing demand for appliances, booming construction industry, and rapid economic growth. Due to its superior finish and durability, increased adoption of powder coatings over liquid coatings leads to an increase in longevity of coated products.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-2K367/india-powder-coatings

    --  U.S. & Europe Powder Coatings Market

The U.S. & Europe powder coatings market size was valued at USD 2,965.7 million in 2018 and is projected to reach USD 4,292.5 million by 2026, growing at a CAGR of 4.71% from 2019 to 2026.

Rapid growth in the automotive sector across developing economies like the U.S. and Germany has increased demand for powder coatings. Powder coatings are used to cover the automotive's exterior as they protect the automotive components and body from extreme weather, heat, and corrosion conditions. Furthermore, the increase in demand for powder coatings in-home appliance manufacturing due to their properties such as abrasion resistance, chemicals, and weather changes is expected to increase the U.S. & Europe Powder Coatings Market size.

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    --  South East Asia (SEA) Powder and Liquid Coatings Market

South East Asia (SEA) powder coatings market size was valued at USD 222.7 million and is expected to reach USD 295.9 million, growing at a CAGR of 4.2% from 2016 to 2022.

Indonesia is witnessing the highest growth rate among all the SEA countries due to the increased consumption of powder and liquid coatings in various applications industries, including automotive, general industrial, and domestic appliances. In addition, customers prefer eco-friendly products that offer more functionality.

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    --  Automotive Powder Coating Market

This report focuses on the volume and value of Automotive Powder Coating at global, regional, and enterprise levels. This report represents the overall size of the Automotive Powder Coating market from a global perspective by analyzing historical data and future prospects. This study focuses on the main regions: North America, Europe, China, and Japan.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-9L1489/global-automotive-powder-coating

    --  Low Temperature Powder Coatings Market

This report also analyses the impact of Coronavirus COVID-19 on the Low Temperature Powder Coatings industry.

This report focuses on the volume and value of Low Temperature Powder Coatings at global, regional, and enterprise levels. This report represents the overall size of the Low Temperature Powder Coatings market from a global perspective by analyzing historical data and future prospects. This study focuses on the main regions: North America, Europe, China, and Japan.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2J298/low-temperature-powder-coatings

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