Overview of Powder Coatings Market Study
The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Powder Coatings Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.
- Historical period: 2018 – 2021
- Base Year:2022
- Forecasting period:2023 – 2028
The Report Include Answers The Following Questions:
- What are the key drivers and trends in the industry, and how is the market structured?
- How are the market segments divided, and what is their respective size?
- Which segments and geographies offer the most expansion opportunities?
- What is the competitive landscape and market positioning of the players?
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Estimation of Powder Coatings Market Size and Growth Until 2028
The Global Powder Coatings Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 5.27%.
Geographical Breakdown of Powder Coatings Market:
The Powder Coatings market is categorized into the following regions:
- North America
- South America
- The Middle East and Africa
Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.
Trends in Powder Coatings Market:
Technological Advancements to Support Sustainability in Powder Coating Industry – The move towards sustainability has boosted the number of innovations, carried out by companies such as Allenex, AkzoNobel, etc., to make the powder coating process less carbon-intensive in recent years. For this, companies are targeting different components of the manufacturing process of these coating ranging from raw material to the curing process. For instance:
- In 2021, AkzoNobel opened its new research & development lab in Italy. This was done to develop products with low cure solutions, such as low bake, UV, and ultra-low bake (ULB) powder technologies to further gain processed speed & boost their sustainability profile.
Hence, such developments in the these coating industry are impacting the market positively as more & more end-user industries are inclining towards the usage of such coating with sustainability benefits. Further, strengthen the hold of the industry in the coming years as the world moves towards sustainability.
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List of Prominent Companies in the Powder Coatings Market and Their Latest Investment/Development –
AkzoNobel launched its Interpon D powder coatings for architects & designers in India. This was done to fulfil the rising demand of stone effect finish & terracotta finish in India.
Other Companies –
- – PPG Industries Inc.
- – Axalta Coating System
- – Sherwin-Williams Company
- – Jotun Group
- – RPM International Inc.
- – Arkema S.A.
- – Nippon Paint Holdings
- – IGP Powder Coatings
- – 3M
- – Tiger Coatings GmbH & Co.KG
- – Kansai Nerolac Paints Ltd.
- – A & I Coatings
- – Others
The research report extensively covers key market players and their developments in the Powder Coatings market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.
Powder Coatings Market Analysis 2023-2028: Complete Segmentation Study
1. By Resin Type
- Polyvinyl Chloride
- Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)
2. By Method of Coating
- Electrostatic Spray Deposition (ESD)
- Fluidized bed
- Others (Flame Spray, Electrostatic bed fluidized process, etc.)
3. By Application
- General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)
- Appliances (Consumer Electronics, Home Appliances, etc.)
The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.
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Parameters for Examining the Powder Coatings Market Report
- This study offers a comprehensive examination of the Powder Coatings Market, presenting valuable insights into its key patterns, advancements, drivers, and challenges. It focuses on different market segments, identifying potential milestones for growth throughout the projected timeframe.
- This market research report illuminates the significant factors that are shaping the dynamics of the market. It discusses the obstacles and opportunities that competitors are encountering. Furthermore, it delves into the industry’s fluctuations, providing detailed insights and predictions that influence its growth in terms of market segmentation and geographical landscape.
- Additionally, the report conducts an in-depth analysis of the competitive structure and fragmentation within the industry. It emphasizes crucial aspects such as alliances, mergers and acquisitions, strategic loyalty, and investment. These insights provide a comprehensive understanding of the current state of the market and its future prospects.
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