Global Powder Coating Market Overview:
Powder coating is a type of coating that is applied as a dry powder or free-flowing. It is totally dissimilar from traditional liquid paint, as it needs a solvent for the binder and filler parts to form in a suspending liquid. It is applied through electrostatic means and cured by heating to build a skin. There are two basic types of powder coatings such as thermoplastics and thermosets. Thermosetting uses a crosslinker in its formulation. When baked, it reacts with the prevailing chemical groups present within powder so as to undergo polymerization. This enhances the coating's properties and performance. The thermoplastic type involves no extra actions during the process of baking; it just flows into the resulting coating. It is mainly used to coat metals, like aluminum extrusions, household appliances, bicycle, and automobile parts and drum hardware. Some of the key players profiled in the study are Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems, LLC (United States), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Company Limited (Japan), PPG Industries, Inc. (United States), The Sherwin-Williams Company (United States), The Valspar Corporation (United States) and Somar Corporation (Japan). According to Market Analyst at AMA, the Global Powder Coating market may see a growth rate of 6.4% and would reach the market size of USD16.59 Billion by 2024.
On the basis of geography, the market of Powder Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Coating Method , the sub-segment i.e. Electrostatic Spray will boost the Powder Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Thermoset will boost the Powder Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use Industry, the sub-segment i.e. Automotive will boost the Powder Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Stringent Government Regulations
- Growing the Demand for Powder Coatings in Various End-Use Industries
- Latest Technological Advancements
- Trouble in Obtaining Thin Films
- Use of Reed Sensors in Emerging Technologies
- Growing Usage of Powder Coating in Automotive Industry
- Emerging Applications in Pipeline Industries and Shipbuilding
- Fluorine Resin Powder Coating
- Powder Coating Applied To Coil Coating
- The Emergence of New Application Methods
- Environmental Associated challenges
Major Market Developments:
On November 27, 2017, AkzoNobel, a leading paints and powder coatings player, has announced the acquisition of V.Powdertech Co., Ltd., the leading Thai manufacturer of powder coatings, providing a wide range of products for furniture, domestic appliances, and general industrial applications. The acquisition is expected to bring innovative technologies as well as services to complement AkzoNobelís global technology business and portfolio in market segments such as automotive and architectural coatings.
On 5 Dec 2018, AkzoNobelís has launched Interpon Coarse Texture Low-E, Initially being launched in Europe, it is especially good at covering small defects on metal, while also offering greater production and energy efficiency compared with similar products of this type. Itís aimed in particular at industrial producers of shelves, gym equipment, electrical cabinets, and office furniture. and On 12 February 2018, owing to significant and continuous raw material cost increases throughout 2017 and early 2018, Jotun Powder Coatings has announced a price increase of all their products with immediate effect. The necessary increase will be in a range, of up to 20 percent, depending on the specific compositions of the products.
Powder coatings manufacturers, Raw material suppliers, Manufacturing type providers, Industry associations, End-use industries such as appliances, automotive, general industrial, architectural, and furniture, among others, NGOs, governments, and regional agencies and research organizations and Investment banks, venture capitalists, and private equity firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Powder Coating market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Powder Coating market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Powder Coating industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Alpha Coating Technologies (United States), BASF SE (Germany), Benjamin Moore & Co (United States), Cardinal (United States), Nippon Paint Holdings Co., Ltd. (Japan), RPM International Inc. (United States), TCI, Inc. (United States) and United Coatings Industries (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Powder Coating market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.