This research report titled “Powder Coatings Market Application (Automotive & Transportation, Architecture & Furniture, Appliances, Consumer Goods, Construction Equipment, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2019 – 2025”
Powder Coating Market Overview
Powder Coatings offers excellent properties such as high durability, impact resistance, UV rays &, moisture protection and chemical resistance. Owing to which, Powder Coatings are widely used across industries including Automotive & Transportation, Architectural & Furniture, Appliances, and Consumer Goods etc. to name a few. These industries are constantly confronted to the various chemicals and heating conditions etc.
Attributing to the growing demand from burgeoning automotive industry, the Powder Coatings Market is ascended to the heightened level. This demand is constantly rising and is expected to further convert the market in to a vastly expanded place in the years to come.
Accrediting the kind of traction the Powder Coatings Market is garnering currently and the growth prospect the market is demonstrating currently, the Market Research Future has recently published a meticulous study report. In which MRFR asserts that the Global Powder Coating Market is booming and expected to gain further prominence during the forecast period; the market is projected to perceive exponential accruals by 2023 with a striking CAGR during 2017 to 2023.
Powdet Coating Market Key Players Analysis
PPG Industries, Inc. (US), The Valspar Corporation (US), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (India), Kansai Paint Co.LTD (India), Royal DSM (the Netherlands), Arkema (France), Evonik Industries (Germany), TCI Powder (US), and The Sherwin-Williams Company (US). With their sedulous work these fervent players are constantly bringing up novelties in Powder Coating. Acknowledging their contribution, MRFR has profiled them in their Analysis.
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Powder Coating Market Segmentation
The Powder Coating Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Resin Type: Comprises Thermoplastic {(Nylon, Polyolefin, Polyvinyl Fluoride (PVF), and Polyvinyl Chloride (PVC)} and Thermoset (Polyester, Epoxy, Acrylic, Polyurethane, Epoxy Polyester) and other.
Segmentation by Application: Comprises Automotive & Transportation, Architectural & Furniture, Appliances, Consumer Goods, and others.
Segmentation By Substrate: Comprises Metal and Non-Metal.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Powder Coating Market Regional Analysis
The Global Powder Coatings Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Asia Pacific region is predicted to grow with a highest CAGR during the estimated period, 2017 to 2023 on account of stable economy and continuous growth of automotive & transportation industry.
The demand for Powder Coatings is expected to propel in the numerous countries of Asia Pacific such as China, India, Vietnam, Thailand, Singapore, South Korea, and Japan due to high adoption rate by the automobile manufacturers and implementatiaon of strict regulation regarding VOC emission rate.
Furthermore, increasing automotive production and sales as well as rising demand for household appliances in emerging economies along with growing disposable income of consumer is predicted to fuel the growth of the market. Economic development in Asia Pacific, particularly Vietnam, China, India, Bangladesh, has presented opportunities for Powder Coating in the transportation sector