Precedence Research a new report on powder coating Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global powder coating market size was valued at US$ 12.02 in 2019. The global powder coating market is projected to reach US$ 20.1 billion by 2027, registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2020 to 2027.
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Powder Coating market Growth Factors:
The demand for powder coatings has augmented substantially due to escalating technological advancements and cumulative requirement from applications areas such as automotive, furniture, architectural, agriculture, appliances, earthmoving equipment, construction, general industries among others.
Severe environmental rules are also projected to lift the growth global powder coatings market growth during the forthcoming years. Surge in demand of product in applications such radiator grills, as door handles, bumpers, wheel rims, metallic structural components and bicycle is expected to reinforce growth of the market during near future.
The arrival of powder-on-powder application which comprises application of topcoat and primer with one cure step has offered novel visions for powder coatings. Further, powder coatings have attained more extensive access in new-fangled applications. Better utilization rate as than liquid forms are amongst the fundamental reasons impacting the complete product application possibility.
The infrastructural development is also a crucial factor motivating the product requirement on an international scale. Proficiency and overspray are amongst the vital aspects leading the market economics.
Powder Coating Market Report Scope
|Market Size||USD 20.1 Billion by 2027|
|Growth Rate||CAGR of 6.1% from 2021 to 2027|
|Largest Market||Asia Pacific|
|Fastest Growing Market||North America|
|Forecast Period||2021 to 2027|
|Segments Covered||Resin Type, Application Type, Region Type|
The global powder coating market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per powder coating, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
powder coating Market Report Highlights
- Progression in construction sector in the nations like Indonesia, India, Malaysia, and Thailand is prompted by the budding service industry in the region that results in upturn in migration, escalation in population, and scarcity of residential households in the region.
- The economic saturation and contraction in Europe and North America is shifting the demand of the market in the Asia Pacific
- Growth of powder coatings market across the world is credited to the aspects such as escalating per capita income, augmented consumer spending, and fluctuating consumer inclinations and progression in technology.
- Asia Pacific powder coatings market is anticipated to record highest CAGR on account of growing disposable income, steady economy, and refining standards of living in nations like Singapore, Vietnam, China, Japan, and Malaysia.
Asia Pacific conquered the powder coatings sector with maximum market stake in 2019 and is anticipated to show firmest growth rate throughout the assessment duration. This growth is attributable to optimistic market outlook in the Asia economies like India China, and Japan.
Although Southeast Asian countries such as Malaysia and Thailand offer great openings for local sales, they also bid critical production benefits over other nations. Further, stable economic growth is conveying more investments to this region. Since the previous decade, spending by steel businesses has triggered the expansion of construction, appliances, electronics and automotive sectors in the emerging nations of Middle East and APAC. As a result growth of these sectors is supporting the demand for powder coatings across these regions.
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Some of the prominent players in the powder coating market include:
- Axalta Coating Systems
- The Sherwin-Williams Company
- Arkema Group
- The Valspar Corporation
- Eastman Chemical Company
- PPG Industries, Inc.
- Akzo Nobel NV
- Evonik Industries AG
- Nippon Paint Co., Ltd.
Powder Coating market Segmentation
- Consumer Goods
- Oil and Gas
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the powder coating market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global powder coating market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global powder coating market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global powder coating market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global powder coating market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for powder coating are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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