Powder Coating Market is expected to reach US$ 17.25Bn in 2027, with a CAGR of 5.5% for the period 2021-2027, because of growth in various end-use industries.
Powder Coating Market Overview:
A research team conducted extensive primary and secondary research for the Powder Coating market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Powder Coating market’s dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms’ pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Powder Coating market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Powder Coating Market based on price, financial position, growth strategies, and geographic presence.
Segmentation:
The rise of bio-based thermosets, rapid cure systems, and increased use of fire, smoke, and toxic resins are all factors in the powder coating market share in the automotive sector. Because of the emphasis placed on lightweight components by both manufacturers and customers, the range of applications for thermoset resin has expanded. The need for thermoset resin in automotive parts such wipers, horns, door handles, radiator grills, metallic structural components, wheel rims, and bumpers is increasing, which is driving the segment’s growth.
Key Players: The key players are
• PPG Industries, Inc
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• Axalta Coating Systems, LLC
• Jotun A/S
• BASF SE
• DSM
• Arkema S.A.
• Bayer AG
• Kansai Nerolac Paints Limited
• IFS Coatings
• The Valspar Corporation
• Tiger Coatings
• Asian Paints Ltd.
• TCI Powder
• Berger Paints India Limited
• Others
Regional Analysis:
The Powder Coating Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Powder Coating Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Powder Coating Market: The report covers COVID-19 impact on Powder Coating market.
Key Questions Answered in the Powder Coating Market Report are:
- What will the CAGR of the ## market be during the forecast period?
- In the ## market, which market segment has become the market leader?
- Which companies dominate the ## market?
- In 2029, how big will the ## market be?
- Which company held the largest proportion of the ## market?
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