The ‘Powder Coatings market’ study by Market Study Report, LLC, is a systematic detailing of the potential factors driving the revenue statistics of this industry. Key data documented in the study includes market share, market size, application spectrum, market trends, supply chain, and revenue graph. This research report elucidates a precise competitive summary of the business outlook stressing on expansion strategies adopted by key contenders of the Powder Coatings market.
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Sherwin-Williams had top the company market share in North America during 2016, followed by PPG Industries. This two companies combined had a share of almost 60% in North America during 2016. While, PPG industries captured over 60% company market share in case of Asia-Pacific during 2016, followed by Nippon. The top players operating in the Europe market are PPG Industries, AkzoNobel, Tikkurila, Caparol and Materis among others.
The Global Powder Coatings Market is anticipated to reach USD 16.85 billion by 2026 according to a new study.
Various advantages of using powder coatings including better finishing capabilities and lower thickness of films is also boosting the demand for powder coating across the globe. The thickness of films has a significant effect on the production costs, hence the thinner films cause decreased manufacturing costs for specific application areas including automotive parts, coils, and cans among others. For example, PPG industries has launched a product named Envirocron, which increases the transfer efficiency for applications such as aluminum extrusion and metal furniture among others.
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Asia-Pacific is expected to hold the largest share in global powder coatings market followed by Europe. North America is estimated to stay in the third position throughout the forecast period after Asia-Pacific and Europe both in terms of volume and revenue. Growing demand for furniture, growing urbanization and subsequently expanding retail industry is anticipated to be the major driving factors boosting the Asia-Pacific powder coatings market. As per The report, the Asia-Pacific furniture market is expected to grow at a CAGR of 5.9% from 2018 to 2026, which is estimated to boost the demand for powder coatings in the region.
The major drivers boosting the global powder coatings market are low negative impact on environment, low film thickness and booming automotive industry among others. Higher maintenance cost is acting as one of the major restraints for the growth of the market. The usage of aluminum extrusions is highly common in North America, specifically in the architecture segment. According to a study conducted by The report, the global architectural coatings market was pegged at USD 47.34 billion in 2015, majority of which includes powder coatings. According to The Asian Development Bank (ADB), 55% of Asian population will be in cities by 2030 and the urban population in Asia has grown by 44 from 2015 to 2017, which is boosting the demand for furniture, cars as well as architecture, which in turn is driving the powder coatings market.
Shifting trend towards usage of powder coatings in place of PVDF liquid due to higher utilization rates, easy application and lower impact on environment is expected to boost the global powder coatings market over the forecast period. Due to the heavy impact of volatile organic compounds (VOCs) on the environment, various regulatory bodies and governments have implemented strict regulations on the usage of solvent based conventional coatings, which in turn having an effect on the rising demand of powder coatings.
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Powder Coatings Market share by Major regions included:
Middle East & Africa
Table of Contents
1.Overview and Scope
1.1.Research goal & scope
1.3.1.Primary data sources
1.3.2.Secondary data sources
3.Powder Coatings Market Insights
3.1.Powder Coatings– Industry snapshot
3.2.Powder Coatings -Ecosystem analysis
3.3.Powder Coatings market dynamics
3.3.1.Powder Coatings– Market Forces
22.214.171.124.Powder Coatings Market driver analysis
126.96.36.199.Powder Coatings Market restraint/challenges analysis
188.8.131.52.Powder Coatings Market opportunity analysis
3.4.Industry analysis – Porter’s five force
3.4.1.Bargaining power of supplier
3.4.2.Bargaining power of buyer
3.4.3.Threat of substitute
3.4.4.Threat of new entrant
3.4.5.Degree of competition
3.5.Powder Coatings market PEST analysis, 2017
3.6.Powder Coatings market Value Chain analysis
3.7.Powder Coatings Industry trends
3.8.Competitive Ranking Analysis
4.Powder Coatings Market Size and Forecast by Resin Type
4.2.1.Global Market Estimates and Forecasts, 2017-2026
4.3.1.Global Market Estimates and Forecasts, 2017-2026
5.Powder Coatings Market Size and Forecast by Coating Methods
5.2.Fluidized Bed Coating
5.2.1.Global Market Estimates and Forecasts, 2017-2026
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