SAN FRANCISCO, September 13, 2018 /PRNewswire/ --
Global Powder Coatings Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Powder coatings are a powder material that comprises pigmented thermoplastic particles. Electrostatically the powder is sprayed on constituents and then bonded into an unchanging and strong coating. It is applied to sandblasted and cleaned surfaces that are free of paint, dirt, and oil. It is mainly made of polyurethane, thermoset, epoxy, fluoropolymer materials. Increasing technological enhancements, high demand for lightweight automotive and appliances, and growing demand from end-use industries are documented as major factors of Powder Coatings Market that are estimated to enhance the growth in the years to come. However, using powder coatings it is difficult to obtain thin films is a factor that may restrain overall market growth in the coming years. Powder Coatings Market is segmented based on type, coating method, end user, and region.
Thermoplastic powder coating and thermoset powder coating are the types that could be explored in Powder Coatings in the forecast period. Thermoset powder coating sector accounts for the substantial market share of Powder Coatings and is estimated to lead the overall market in the coming years. This may be because it produce decorative and strong surface layer and growing demand from end-use industries. Fluidized bed and electrostatic spray are the coating methods that could be explored in Powder Coatings in the forecast period. The market may be categorized based on end users like furniture, appliances, architectural, automotive, general industrial, and others that could be explored in the forecast period. Appliances sector accounts for the substantial market share of Powder Coatings in terms of volume and is estimated to lead the overall market in the coming years.
Powder Coatings Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Asia Pacific accounts for the substantial market share of Powder Coatings in terms of value and volume and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand for automotive and household appliances as growing population, increasing disposable income, and growing demand for consumer goods like refrigerators and washing machines. The developing countries like India and China are the major consumers of Powder Coatings in the region.
The key players of Powder Coatings Market are Somar Corporation, AkzoNobel N.V., The Valspar Corporation, Asian Paints Limited, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Inc., Berger Paints India Limited, Kansai Paint Co., Ltd., and Jotun A/S. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
Access 112 page research report with TOC on "Powder Coatings Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-powder-coatings-market-professional-survey-report-2018
This report studies Powder Coatings in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
• PPG Industries
• Valspar Corporation
• RPM International
• American Powder Coatings
• TIGER Drylac
• IFS Coatings
• Nortek Powder Coating
• Trimite Powders
• Vogel Paint
• Midwest Industrial Coatings (MICI)
• Erie Powder Coatings
• Hentzen Coatings
• Cardinal Paint
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Thermoset Powder Coating
• Thermoplastic Powder Coating
By Application, the market can be split into
• Indoor Application
• Outdoor/Architectural Application
• Automotive Industry
• Appliance & Housewares
By Regions, this report covers (we can add the regions/countries as you want)
• North America
• Southeast Asia
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