DUBLIN--(BUSINESS WIRE)--The "Powder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global powder coating market reached a value of US$ 13.31 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 18.8 Billion by 2027, exhibiting a CAGR of 5.92% during 2021-2027.
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- BASF SE
- Berger Paints India Limited
- Covestro AG
- Evonik Industries AG
- Jotun A/S
- Kansai Paint Co. Ltd.
- KCC Corporation
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International
- SOMAR Corporation
- The Sherwin-Williams Company
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Powder coating refers to a high-quality, dry finishing technique wherein fine particles of paints are electro-statically charged and sprayed on various components to form a uniform layer of coat. It involves pre-mixing, melting, extrusion, cooling, crushing, classifying, and controlling epoxy, polyester resins, pigments, and brightening agents as some of the steps followed in the manufacturing process.
Powder coating aids in ensuring a polished finishing of different items, maintaining the gloss of product, and protecting machinery from corrosion, scratches, fading, and chipping.
Apart from this, powder coating is cost-effective and eco-friendly in nature, due to which it is extensively used for coating non-metallic substrates and household goods. At present, it is commercially available in thermoset, thermoplastic and polyvinylidene fluoride (PVDF) resin types.
The widespread adoption of powder coating across various industrial verticals can be attributed to the increasing need for effective, non-volatile organic compounds and solvent-free coating formulations. This, in turn, represents a key factor driving the market growth.
In line with this, the rising environmental concerns have prompted governments of various countries to undertake green initiatives promoting the uptake of eco-friendly coating substances, such as powder coating, to minimize the instances of fire hazards, which is supporting the market growth.
Additionally, the ongoing construction activities and the continuous establishment of several commercial and residential buildings have further supplemented the deployment of powder coating for polishing or refinishing furniture and consumer electronics, such as refrigerators and door handles, which is acting as another growth-inducing factor.
Besides this, the increasing utilization of powder coating in the automotive industry for glazing wheel rims, structural components, radiator grills, bumpers, and horns are also propelling the market growth. Other factors, such as strategic collaborations amongst key players and extensive investments in research and development (R&D) activities to introduce high performance, anti-bacterial powder coating, are contributing to the market growth.
Key Questions Answered in This Report:
- How has the global powder coating market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global powder coating market?
- What are the key regional markets?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the coating method?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global powder coating market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Powder Coating Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Resin Type
7 Market Breakup by Coating Method
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/mm8hpf