Powder Coating Market Scope
The market analysis is a crucial step in the detailed research of market size and competitive industry analysis. It encompassed product capacity, market value, and demand as well as marketing methods. SWOT and PESTEL analysis tools are utilised for such analytical data. the possible effects of outside variables on the market for Powder Coating. This research gives a thorough overview of the market for Powder Coating.
Powder Coating Market size was valued at USD 14.79 Bn. in 2022 and the total global Powder Coatings revenue is expected to grow by 4.2 % in forecast period to reach USD 19.73 Bn. in 2029. The report has covered the market growth rate by year and region with the penetration in end user segments.
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Powder Coating Market is expected to grow at a CAGR of 6.2% during the forecast period and is expected to reach US$ 9.51 Bn by 2029.
Segmentation
by Type
1. Thermoset
2. Thermoplastic
By Type, the Thermoset segment dominated the market with the highest market share in 2022 and is expected to maintain its dominance at the end of the forecast period. Thermoset powder coatings are made from a variety of resins, including epoxies, polyesters, acrylics, and polyurethanes. They require a lower curing temperature than thermoplastic resins. It is critical to heat the powder-coated substrate to allow the thermoset to flow evenly throughout the surface.
by Resin
1. Epoxy
2. Polyester
3. Epoxy-Polyester (Hybrid)
4. Acrylic
5. Polyurethane
6. Others
The ability to design resin types with diverse qualities for use in different applications is the most significant advancement in thermoset powder coatings. Polyesters and acrylics are now more commonly employed in the automobile and appliance sectors, whereas epoxy resin powder coating was previously used. The majority of thermoset powder coatings offer excellent corrosion, impact, and temperature resistance. The need for thermoset powder coatings would be driven by these two industries and driving the segment growth.
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Key Players
1. The Sherwin-Williams Company (US)
2. PPG Industries, Inc. (US)
3. Axalta coating systems (US)
4. RPM International Inc. (US)
5. Valspar (US)
6. Hentzen Coatings, Inc. (US)
7. IFS Coatings (US)
8. BASF SE (Germany)
9. Bayer AG (Germany)
10. Emil Frei Gmbh & Co. KG (Germany)
11. Arkema S.A. (France)
12. SOMAR (Japan)
13. Kansai Paint Co., Ltd (Japan)
14. Nippon Paint Holdings Co., Ltd. (Japan)
15. Berger Paints India Limited (India)
16. Asian Paints Limited (India)
17. Jotun (Norway)
18. TIGER Coatings GmbH & Co. KG (Austria)
19. KAPCI Coatings (Zimbabwe)
20. DuluxGroup Limited (Australia)
21. Primatek Coatings OÜ (Estonia)
22. KCC Corporation (South Korea)
23. IGP powder Technik AG (Switzerland)
24. DSM (Netherlands)
25. Akzo Nobel N.V (Netherlands)
Regional Analysis
Regional analysis is the study of location, area, and region that reveals market expansion. In conclusion, regional market study looks at growth rate, production upgrading, market value, and pricing rate.
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Key Questions answered in the Powder Coating Market Report are:
- What is Powder Coating Market?
- What is the forecast period of the Powder Coating Market?
- What is the competitive scenario of the Powder Coating Market?
- Which region held the largest market share in the Powder Coating Market?
- What are the opportunities for the Powder Coating Market?
- What factors are affecting the Powder Coating Market growth?
- Who are the key players of the Powder Coating Market?
- Which company held the largest share in the Powder Coating Market?
- What will be the CAGR of the Powder Coating Market during the forecast period?
- What key trends are likely to emerge in the Powder Coating Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
- trends
- Market Segmentation: A detailed analysis by Automotive Shock Absorber
- Landscape- Leading key players and other prominent key players.
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