Powder Coatings Market Worth 13.49 Billion USD by 2022

PUNE, India, March 2, 2017 /PRNewswire/ --

The report "Powder Coatings Market by Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), End-Use Industry (Appliances, Automotive, General Industrial, Architectural, Furniture), and Region - Global Forecast to 2022", published by MarketsandMarkets, the market is projected to reach USD 13.49 Billion by 2022, at a CAGR of 6.75% from 2017 to 2022. In this study, 2016 has been considered as the base year for estimating the market size.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 255 market data Tables and 69 Figures spread through 233 Pages and in-depth TOC on "Powder Coatings Market"

http://www.marketsandmarkets.com/Market-Reports/powder-coatings-market-151375565.html
Early buyers will receive 10% customization on this report.

Appliances: The leading end-use industry segment of the powder coatings market 

Appliances are an essential part of our everyday life. Cookers, freezers, radiators, washing machines, air conditioning, heating, and others should be as smart in their looks as they are in their functionality. Consumer goods and appliances are significant end users of powder coatings.

Ask for PDF of the Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=151375565

The appliance industry is the largest market for thermosetting powders. The industry benefits from the use of powder coatings in applications that require the combination of appearance and resistance to abrasion, chemicals, and temperature cycling. The appliance industry uses powder coatings on front and side panels of refrigerators, dryer drums, air-conditioner cabinets, washer tops and lids, water heaters, dishwasher racks, freezer cabinets, and cracks of microwave ovens.

Increase in per capita income and consumer spending, changing consumer preferences, and growing need for automation and technology advancement are the key factors driving the powder coatings market.

Thermoset: The fastest-growing resin type segment of the powder coatings market 

Thermoset is projected to be the fastest-growing resin type segment of the Powder Coatings Market. Thermoset coating has a different chemical structure from that of other basic resins. After curing, a thermoset coating remains thermally stable, meaning it cannot be melted back into liquid form. The newly formed materials are heat stable and will not soften back to liquid on further exposure to heat. Thermoset powder coating systems offer broad formulation flexibility. They are very durable and widely used in both decorative and functional applications. Due to the rheological characteristics of these resin systems, they can produce thin paint-like surface coatings with properties equivalent and sometimes superior to the coatings produced by the liquid compliance technologies. Most thermoset powders can provide a high level of corrosion, temperature, and impact resistance. To achieve satisfactory coating results, it is also necessary to match the thermoset formulation with the product's intended corrosion resistance, curing cycle, texture, and aesthetic properties. The demand for this resin has been increasing very rapidly since the last two years in the appliances sector.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=151375565

The powder coatings industry in the Asia-Pacific region is witnessing a phase of rapid transformation and growth, mainly driven by stable economic growth and infrastructure development. This region is a global sourcing hub for the key companies owing to the rapidly increasing demand for powder coatings. Healthy economic growth, changing consumer preferences, improvement in living standards, and increased spending on infrastructure are expected to drive the powder coatings market in this region.

Key market players in the powder coatings market 

The key players in this market are AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (U.S.), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Somar Corporation (Japan).

Browse Related Reports: 

Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) - Global Trends & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/green-coatings-market-1260.html

Acrylic Resin Market by Type (Methacrylates, Acrylates & Hybrids), Solvency, Property (Thermoplastic & Thermosetting) & Application (Paints & Coatings, Construction, Industrial & Commercial, Paper & Paperboard, Textiles & Fibers & Adhesives) - Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/acrylic-resin-market-246195771.html

Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets