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Powder Coatings Market Size, Growth | Industry Analysis Report, 2026

The global powder coatings market is anticipated to expand at a significant CAGR, in terms of revenue generation, during the forecast period, 2020-2026. Growing demand for furniture and vehicles is expected to fuel market growth.

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Powder Coatings Market Size, Growth | Industry Analysis Report, 2026

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  1. Welcome To Dataintelo Powder Coatings Market Size, Growth | Industry Analysis Report, 2026 The global powder coatings market is anticipated to expand at a significant CAGR, in terms of revenue generation, during the forecast period 2020 - 2026. Extensive application of powder coatings across industries is expected to drive the growth of the market during the forecast period. The powder coating is one of the most common techniques used for giving a superior finishing on surfaces; therefore, rising focus on attractive finishing is boosting the market growth. Market Trends, Drivers, Restraints, and Opportunities: The constant increase in the demand for vehicles is driving the growth of the powder coating market. Factors such as increasing disposable income, changing lifestyle, and rising availability of attractive product designs of products such as air conditioners, washing machines, and fridges are boosting market growth.

  2. Growing demand for furniture and vehicles is expected to fuel market growth. Scope of the Report The report on the global powder coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. Powder Coatings Market Segment Insights: Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Europe, Latin America, Asia- Pacific, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage Thermoset to be most attractive segment during the forecast period Based on the resin type, the powder coatings market has been divided thermoset and thermoplastic. The thermoset segment accounted for a significant share of the market in the 2019 and is anticipated to continue its dominance during the forecast period due to its unique properties such as resistant to high temperature enables its use in numerous applications in areas of coating appliances. The thermoset powder coating is available in the form of epoxy-polyester hybrid, acrylic, epoxy, polyester, and others; therefore, end users are able to choose a product that caters to their specific requirements. High demand from the appliances segment to drive market growth

  3. Based on end-use industries the powder coatings market is categories into appliances, automotive, furniture, general industrial, architectural, and others. The appliances segment accounts for a dominant share of the market. Rising demand for appliances due to factors such as increasing per capita expenditure, changing lifestyle, and rising demand for home décor are resulting in the increase in requirement for powder coatings. Additionally, benefits of powder coatings include resistance to temperature, abrasion, and chemicals are driving the demand for these coating across multiple application areas. Asia Pacific dominates the global market Asia Pacific is the most lucrative region of the global powder coatings market owing to the increase in industrialization in countries such as China, India, and Japan. The presence of dense manufacturing industry in these countries and increasing the penetration of international manufacturers in this region are driving the growth of the market in this region. Request Sample Report: https://dataintelo.com/request- sample/?reportId=129929 Competitive Landscape: Key manufacturers operating in the global powder coatings market include such as AkzoNobel N.V., Asian Paints Ltd, Berger Paints India Limited, Jotun, Kansai Paint Co., Ltd., The Sherwin-Williams Company, Valspar Corporation, Somar Corporation, Axalta Coating Systems, and PPG Industries, Inc. These players are focusing on strategic partnerships, acquisitions, mergers, and product launches. For instance, in October 2019, Axalta Coating Systems acquired an established powder coating manufacturing site based in Çerkezköy, Turkey. Through this acquisition, the company is aiming at serving the growing demand for powder coating in Turkey and surrounding areas.

  4. Segments Covered in the Report The global powder coatings market has been segmented on the basis of resin types, end-use industries, and regions. By Resin Types Thermoset Thermoplastic By End-use Industries Automotive Appliances General Industrial Architectural Furniture Others By Regions

  5. North America Europe Latin America Asia Pacific Middle East & Africa

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