The newly Powder Coatings market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Powder coating is a coating that is applied as a dry powder or free-flowing. It is completely different from traditional liquid paint, as it requires a solvent for the filler and binder parts to form in a suspending liquid.
On the basis of products, the various types include Thermoplastic, Thermoset, and Fusion bonded epoxy. On the basis of application, the Powder Coatings market is segmented into Architectural, Jobbers, Agricultural/Construction equipment, Oil & Gas, Appliances, General Metal, Automotive & transportation components, and Others (HVAC, Electrical).
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Market Insights
According to a new research study, the Powder Coatings market size is expected to reach USD 19,893 million by 2026 from USD 13,248 million in 2019, with a compound annual growth rate of 5.98% during the forecast period. The growth can be mainly attributed to rising applications in numerous sectors including automotive, industrial, and construction. Moreover, technological advancements, ease of application, product development along with increasing consumer spending are projected to stimulate the growth of the market. Strict government regulations have led manufacturers to replace solvent-based coatings with powder coating technology, which is also propelling the growth of the market. Advantages of powder coatings compared to traditional wet paint systems such as controlled film thickness and easy rectification of poorly coated areas are expected to increase the demand for Powder Coating, thus promote the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
In 2018, the Powder Coating global market was mainly concentrated in the three regions of North America, Asia-Pacific, and Europe, with the market share of 31.25%, 29.25%, and 26.14% respectively, accounting for a total of 86.64%. Asia-Pacific is anticipated to show remarkable growth in the forecast period, owing to increased demand for automobiles, furniture, electronics, industrial and household appliances, and agricultural equipment as a result of increased disposable income coupled with population growth.
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Competitive Players
The Powder Coatings market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are AkzoNobel, Axalta, BASF, PPG, and Valspar. Other prominent vendors in the market are Brillux, CWS Powder Coatings, FreiLacke, Helios, IGP Powder Coatings, Jotun, Karl Bubenhofer, Karl W rwag Lack- und Farbenfabrik, Neokem, Plascoat, Rembrandtin Powder Coating, ST Powder Coatings, Teknos, TIGER Coatings, and others.
Target Audience for this Report
l Powder Coatings manufacturers
l Powder Coatings importers and exporters
l Powder Coatings traders, distributors, and suppliers
l Raw material suppliers of Powder Coatings
l Powder Coatings industry associations
l Product managers, Powder Coatings industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Powder Coatings Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Powder Coatings Market by Types
4 Segmentation of Powder Coatings Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Powder Coatings Market in Major Countries
7 North America Powder Coatings Landscape Analysis
8 Europe Powder Coatings Landscape Analysis
9 Asia Pacific Powder Coatings Landscape Analysis
10 Latin America, Middle East & Africa Powder Coatings Landscape Analysis
11 Major Players Profile
11.1 AkzoNobel
11.1.1 AkzoNobel Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Axalta
11.3 BASF
11.4 PPG
11.5 Valspar
11.6 Brillux
11.7 CWS Powder Coatings
11.8 FreiLacke
11.9 Helios
11.10 IGP Powder Coatings
11.11 Jotun
11.12 Karl Bubenhofer
11.13 Karl W rwag Lack- und Farbenfabrik
11.14 Neokem
11.15 Plascoat
11.16 Rembrandtin Powder Coating
11.17 ST Powder Coatings
11.18 Teknos
11.19 TIGER Coatings
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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