Allied
Market Research published a report, titled, "Powder
Coatings Market by Resin Type
(Thermoset and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized
Bed), and Application (Appliances, Automotive, Architectural, Furniture,
Agriculture, Construction & Earthmoving Equipment (ACE), General
Industrial, and Others): Global Opportunity Analysis and Industry Forecast,
2019-2026." According to the report, the global powder coatings
industry garnered $9.8 billion in 2018, and is estimated to
reach $15.0 billion by 2026, witnessing a CAGR of 5.4% during the
forecast period, 2019–2026.
Drivers,
restraints, and opportunities-
Rise
in adoption of powder coatings over liquid coatings, supporting environmental
regulations, surge in demand for appliances, and booming construction industry
drive the growth of the global power coatings market. On the other hand,
difficulty in the application of thin coats impedes the growth to some extent.
However, rapid economic growth in emerging countries is expected to pave the
way for a number of opportunities in the industry.
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Detailed
segmentation-
Based
on resin type, the report bifurcates the market into thermoset and
thermoplastic. The thermoset segment garnered the major share in 2018, holding
92% of the global powder coatings market. The segment is also expected to
dominate during the forecast period.
Based
on coating method, the market is categorized into Electrostatic Spray and
Fluidized Bed. The electrostatic spray segment held the largest global powder coatings
market share in 2018 and is anticipated to retain its top position by the end
of 2026.
Based
on application, the market is divided into Appliances, Automotive,
Architectural, Furniture, Agriculture, Construction, & Earthmoving
Equipment (ACE), General Industrial, and Others. The automotive segment
accounted for nearly one-fifth of the global powder coatings market share and
is projected to rule the roost by 2026.
Based
on geography, the Asia-Pacific region, followed by North
America, accounted for nearly three-fifths of the global powder coatings market
revenue and is predicted to lead the trail throughout the study period. The
same segment is also expected to grow at the fastest CAGR of 5.8% during
2019–2026. The report also analyzes the regions across North
America, Europe and LAMEA.
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Key
players in the industry-
- Akzo
Nobel N.V.
- Tiger
Coatings
- Kansai
Nerolac Paints Limited
- IFS
Coatings
- Sherwin
Williams
- Axalta
Coating Systems
- BASF
SE, Berger Paints
- PPG
Industries
- The
Valspar Corporation
About Us
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