Market Synopsis:

Powder Coatings offer excellent properties to products such as high durability, and resistance to impact, UV rays, moisture protection, and chemical. As a result, powder coatings are widely used across industries including automotive, architectural, furniture, appliances, and consumer goods owing to the constantly changing conditions such like exposure to the various chemicals and heating conditions, these industries constantly confront.

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Competitive Analysis:

The major players operating in the powder coatings market are PPG Industries, Inc (U.S.), The Valspar Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (India), KANSAI PAINT CO.,LTD (India), Royal DSM (the Netherlands), Arkema (France), Evonik Industries (Germany), TCI Powder (U.S.), The Sherwin-Williams Company (U.S.), and others.

Resultantly, the powder coating market usually witnesses a rising demand which is expected to further convert the market into a vastly expanded place in the years to come. The growing demand from the burgeoning automotive industry escalates the market on the ascending heights on the global platform.

Segments:

The global powder coatings market is segmented into resin types, application, substrates, and regions. On the basis of resin type, the market is segmented into thermoplastic and thermoset. Thermoplastic segment is further classified into nylon, polyolefin, polyvinyl fluoride (PVF), and polyvinyl chloride (PVC). Thermoset segment is sub divided into polyester, epoxy, acrylic, polyurethane, epoxy polyester hybrid, and others. Among the resin type, the thermoset segment is expected to hold the largest market share over the assessment period owing to their high temperature durability as compared to thermoplastic. Moreover, polyester accounted for the largest market share in the sub segment of thermoset resin and is predicted to grow with the healthy CAGR during the assessment period.

This growth can be attributed to a wide utilization of polyester based powder coatings due to their exterior durability and UV resistance. On the basis of application, the market is segmented into automotive & transportation, architectural & furniture, appliances, consumer goods, and others. Among these, architectural & furniture accounted for around 28% of the global consumption in 2015 and is predicted to witness a significant growth due to increasing construction activities across the globe. Automotive & transportation is expected to witness a healthy growth due to cost reduction and other benefits offered by these products.

On the basis of substrate, the market is segmented into metal and non-metal. Metal segment hold a major share of the total powder coating market in 2015 due to wide utilization of metal body in various end use industries. Non-metallic product includes wood plastic, glass, and composites.

Regional Analysis:

Asia Pacific is estimated to be the largest Powder Coatings Market followed by Europe and North America due to strong growth in automotive & transportation and architectural & furniture industry. In Asia Pacific, countries such as China, India and Japan are the fastest growing market for powder coatings, and is predicted to grow with the same pace over the assessment period. Improving living standards coupled with the flourishing growth of construction sector is predicted to contribute to the regional market growth. In Europe, Germany and UK are predicted to register a strong growth on account of tremendous demand for powder coatings in the automobile sector. In North America, the U.S and Canada are among the major contributors in the regional market growth due to expansion of appliances as well as consumer goods sector. The Middle Eastern and African countries such as Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are expected to witness substantial growth due to increasing foreign investments and shifting of manufacturing base for various end use industries to these region.

Intended Audiences:

Powder Coatings Manufacturers
Traders and Distributors of Powder Coatings
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory