Competitive landscape of the global powder coatings market depicts significant fragmentation. PPG Industries, Sherwin-Williams, Nippon Paint, Akzo Nobel N.V., Axalta Coating Systems are few leading players of powder coatings market.
Dallas, United States - April 19, 2021 /MarketersMedia/ —
A research report on the global powder coating market covers a detailed analysis of the market appearances, segmentation, size and progress, market shares, provincial collapses, competitive background, tendencies and several growth strategies for this market. Likewise, the market appearances section of this study describes and defines the complete overview of the powder coating market. The global market report extent segment offers the market revenues, covering both the momentous growth of the industry and anticipating the upcoming market revenue.
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Powder coating is a process of dry coating a metal. It is a dry powder and free flowing in nature. This powder is used for various applications such as machinery and equipment, drum hardware, household appliances, bicycles and automobiles and aluminium extrusions for coating. As powder coating produces a thicker coating layer without running or sagging it is preferred over conventional coatings and paint.
Conventional liquid paint delivers via an evaporating solvent whereas powder coating is usually applied electrostatically. Powder further cured under heat. The powder for coating may be a thermoset polymer or a thermoplastic. Powder coating gives the hard finishing look for the appliance and it is also tougher than the conventional liquid paint. Other materials like Medium Density fibreboard (MDF) can be used as powder coating with the help different new technological methods. Powder coating has good resistance power which protects from scratching and corrosion of the metal. This powder coating can be used for store fixtures, vending machines, shelves, display racks in shops. Due to massive use of powder coatings in the industrial application, industrial demand for powder coatings is increasing and expected to witness the maximum growth in the coming years. Powder coatings are aesthetically favourable and performance efficient.
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Global Powder coatings market can be classified on the basis of some key segments such as application, key regions and key companies. On the basis of application market can be segmented into Furniture, General industries, Automotive, Architectural, Consumer goods and others. In addition, looping based on the regions that have good market are North America (US), Europe (United Kingdom, Germany), Asia Pacific (China, India) and Rest of the World. Due to improving standards of living in the developing countries such as China, Japan and India of Asia Pacific region, global powder coating industry is growing.
Also increase in furniture market and consumer goods in this region driving the growth of the global powder coating industry. There are several key players which are presently functioning in this sector. The Players having a strong hold in the market are PPG Industries, Nippon Paint, Sherwin-Williams, AkzoNobel, Jotun, Axalta Coating Systems, Asian Paints, BASF Coatings, Kansai Paint, Valspar, and many others. Some of the market players have launched new products recently. Company AkzoNobel N.V. has introduced new product named Interpon D X-Pro. During transportation and handling, this powder coating is less susceptible to abrasions. This coating product supplies ultra-matte, smooth and powder coated finished design. Companies are also seeking alternatives to enhance business profits due to the growing competition.
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Segment overview of Global Powder Coating Market
By Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Consumer goods
Architectural
Automotive
General industries
Furniture
Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
North America
Europe
Asia Pacific
Rest of the World
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Website: https://www.adroitmarketresearch.com/industry-reports/powder-coating-market
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