Powder Coatings Market Research Report: Information By Substrate (Metal and Non-Metal), By Resin Type (Thermoset [Epoxy Polyester Hybrid, Polyester, Epoxy, Polyurethane, Acrylic and Others] and Thermoplastic [Polyvinyl Chloride (PVC), Nylon, Polyolefin, and Polyvinyl Fluoride (PVF)]), By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process and Flame Spraying), By Application (Consumer Goods & Appliances, Automotive & Transportation, Architecture & Furniture, Construction Equipment and Others) - Forecast 2027

ID: VPR/CR/1149 Publishing Year: January 2022 Pages: 118 Format:   


Powder Coatings Market Overview:

The World Powder Coatings Market study focuses solely on current Powder Coatings Industry Trends and future growth possibilities such as thermoset and thermoplastic powder coatings. It concentrates on appliances, automotive, architectural, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and other powder coating applications. It contains information on powder coatings coating methods such as electrostatic spray and fluidized bed. Furthermore, it examines current powder coatings market trends across several geographies and forecasts future growth potential by examining government rules and policies, resulting in increased consumer acceptance of Powder Coatings.

Powder Coatings have grown in popularity as a result of technological developments and increased demand from industries such as architectural, appliances, automotive, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and others. Because it is a volatile organic compound (VOC) and solvent-free, this tendency is predicted to continue. Environmental rules are also helping to increase the Powder Coatings Business.

Key Players:

  • Akzo Nobel N.V. (Netherlands)
  • TCI Powder (US)
  • BASF SE (Germany)
  • Axalta Coating Systems Ltd (US)
  • DSM (Netherlands)
  • Jotun (Norway)
  • Nippon Paint Holdings Co. Ltd (Japan)
  • Kansai Paint Co. Ltd (Japan)
  • PPG Industries Inc. (US)
  • Asian Paints PPG Pvt. Limited (India)
  • The Sherwin-Williams Company (US)
  • Berger Paints India Limited (India)

Market Drivers:

Powder Coatings are used in a variety of industries, including automotive, appliances, furniture, architectural, general industrial, and others. Powder coatings are becoming more popular as new uses are developed. In the future, the furniture and appliance industries will continue to rise steadily. IT and telecommunications are two new areas where powder coatings are being widely investigated. Powder Coating is also used on door handles, bumpers, window handles, and other parts of automobiles, such as radiator coil springs, shock absorbers, and breaking parts. The APAC area is seeing more investment as a result of steady economic expansion. Steel firms' investments have propelled the development of the appliances, construction, automotive, and electronics sectors in growing APAC and Middle Eastern countries over the previous decade. Powder Coatings are in high demand due to the expansion of these sectors.

Restraints:

Powder Coatings give a thick finish on metal goods, so use caution. These Coatings make thin finishes difficult to achieve. The creation of an uneven texture might be caused by the thickening of the polymer. For thin films, uniform flow and levelling are required. While any Powder Coating can be developed for thin film applications, not all chemistries are appropriate. Due to the particle size and glass transition temperature of the powder, the thin film of Powder Coating becomes increasingly orange peeling in texture. Powder Coating should have a particle size of 30 to 50 micrometres for optimal material handling and application ease. The hue and opacity of Powder Coating pigments must be correlated for a good thin film application.

Market Segmentation:

The Powder Coatings Industry is divided into four categories: resin type, coating process, substrate, and end user. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target markets.

The Powder Coatings Industry is divided into thermoset and thermoplastic segments based on resin type. Epoxy polyester hybrid, epoxy, polyester, acrylic, polyurethane, and others are all types of Thermoset. Polyvinyl chloride, nylon, polyvinyl fluoride (PVF), and polyolefin are the different types of thermoplastics.

The Powder Coatings Market is divided into electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed procedure, and flame spraying based on coating method.

The Powder Coatings Market is divided into metallic and non-metallic segments based on substrate.

Regional Analysis:

The favourable attitude of India, China, South Korea, Japan, Malaysia, Vietnam, and Indonesia on the building industry is designed to boost the use of powder coatings. Furthermore, over the projection period, favourable government policies with the goal of attracting FDI and public-private partnerships will drive market growth.

In terms of volume, Europe was the second-largest market in 2020. Product demand is predicted to be driven by rising vehicle production in Germany, Hungary, Romania, Austria, and the United Kingdom, which has a strong manufacturing base of businesses including Volkswagen AG, Chevrolet, Daimler-Chrysler, Mercedes-Benz, and Dodge. However, because it is a mature market for consumer products and due to the European Union financial crisis, the regional market may have sluggish growth in the next years.

Covid-19 Impact:

COVID-19 kicked off in Wuhan, China, in December 2019 and has quickly expanded around the world since then. In terms of confirmed cases and reported deaths, the United States, India, Brazil, Russia, France, the United Kingdom, Turkey, Italy, and Spain are among the worst impacted countries. Due to lockdowns, travel bans, and business shutdowns, the COVID-19 has had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories has had a severe influence on global supply chains, negatively affecting manufacturing, delivery schedules, and product sales in the worldwide market. A few companies have already stated that there may be delays in product deliveries and a drop in future sales. Furthermore, worldwide travel prohibitions implemented by countries in Europe, Asia, and North America are harming prospects for commercial cooperation and partnerships.

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CALL US ON
( +91-935-919-4956 )

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