Powder Coating Market to Garner Brimming Revenues by 2025

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Powder Coating Market: Introduction

A dry finishing process in which fine particles of paint are electro-statically charged and sprayed on a workpiece is known as Powder Coating Process. Once this is done, the workpiece is put into an oven at high temperatures so that it can flow and form a uniform layer of coating which is durable and environmentally safe. The coating finally obtained is of high quality and has attractive finish. Powder coating can be applied on various substrates such as metal, plastics, glass, and wood of which metal type accounts for over 90% of the overall use.

Generally, six ingredients are used in the production of powder coating: resin, curing agents, additives, post additives, tint pigments and extenders. The powder may be thermoplastic or thermoset polymer in nature.

Powder Coating possesses some unique properties. For instance, it is durable and abrasion, corrosion, chemicals and scratch resistant. It also meet the various requirements of end use industries – it can offer both high and low gloss. It offers a wide array of color selection and texture choices, such as for smooth surfaces, rough textures, etc. Powder coating can be very effective at hiding imperfections and providing matte finish. Powder Coating maximizes production as well as improving efficiency of coating while reducing the cost as coating that has been over spayed can be re-used and retrieved in comparison to liquid coating. Due to the eco- friendly nature of Powder Coating, when applied on a surface or equipment, it gives an attractive finish and is resistant to moisture, chemicals, ultra violet radiations and extreme weather conditions. Powder coating also reduces the risk of chipping, fading and wear and tear and is able to last for a longer period of time.

There are many advantages of using Powder Coating instead of liquid coating. Some of these include No volatile organic Compounds (VOC’s) are generated. They Produce Less waste They are Eco- Friendly They do not contain any solvents, thereby reducing the risk of fire and the hassle of disposing waste Powder can be recycled when applied in excess. Health risk for operator is reduced

Powder Coating Market: Market Dynamics

The stringent government regulations on solvent based coatings with respect to emissions, air quality, toxicity controls and individual and industry associates/initiatives is expected to favor the growth of powder coating market during the forecasted period owing to its non-hazardous effects .

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Factors such as increasing consumption of consumer goods, increased spending on vehicle refinish surface coatings, etc. have been driving factors of the powder coatings market. Currently, the demand from domestic appliance and furniture industries has been driving the consumption of powder coatings due to superior finish and product durability characteristics. It is expected that increasing scope of application in construction & architecture, agricultural & construction equipment, transportation, etc. will fuel the growth of the Powder Coating Market in the forecasted period.

However, high installation cost and non-conformance to thin layer coatings in major end use applications is considered to be a restraint for the Powder Coating Market.

Powder Coating Market: Market Segmentation

The global Powder Coating market can be segmented on the basis of resin type into- Thermoset Epoxy Polyester Acrylic Fluoropolymers Others (epoxy-polyester hybrid, etc.) Thermoplastic Polyvinyl Chloride (PVC) Nylon Polyolefin Polyvinylidene Fluoride (PVDF) Others (Polyamides, PEEK, etc.)

The global Powder Coating market can be segmented on the basis of end use into: Construction & Agricultural Equipment Domestic Appliances & Electrical Goods Transportation Automotive Aerospace Marine HVAC Systems Metal Furniture Other Industrial Equipment

The global Powder Coating market can be segmented on the basis of substrate used into: Metal Plastic Wood Ceramics

Powder Coating Market: Regional Outlook

The ever increasing population, growing retail sector, hospitality sector and increased urbanization coupled with higher purchasing power of population in China, Brazil and India is expected to drive the demand for furniture and automobiles, which in turn, will fuel the consumption of Powder Coating, thereby driving the Powder Coating Market in the region.

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Increased demand for domestic appliances, such as washing machines, microwave ovens and freezer cabinets is expected to increase the use of Powder Coating in these applications in China, India, Vietnam, Thailand and Philippines. China is expected to be the growing market for Powder Coatings during the forecasted period.

Latin America, Middle East countries and Europe are expected to be economically progressive regions having huge potential opportunities. Higher income of people along with a general increase in the consumption of automobiles has triggered the boom in the automobile market. It is expected that countries, such as Dubai, Qatar, Saudi Arabia and Kuwait will invite automobile coating companies to invest in the region and generate better revenue. Countries like Germany, Hungary, U.K. and Romania are expected to show an increase in demand for Powder Coating as various automobile producing companies are located in these countries. Support from regulatory bodies like REACHES and EPA to use powder coating over conventional materials will also help the growth of the Powder Coating market in the region.

Mexico is expected to witness significant growth in Powder coatings Market as many companies have shifted their manufacturing operation to Mexico, thereby driving the Powder coating market in the region.

Powder Coating Market: Market Participants

Some of the examples of the market players operating in the global Powder Coating Market are  Axalta Coating Systems,LLC The Valspar Corporation. Akzo Nobel N.V American Powder Coatings Inc Allnex group Procoat PPG Industries Inc. IFS Coatings RPM International Inc. Midwest Industrial Coating Inc. Guangzhou Kinte Powder Coating Co. Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers Industrial analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain

Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint

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