The Powder Coatings market size is predicted to hit around US$ 22.8 billion by 2030 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2021 to 2030.
Powder Coatings Market (By Resin: Epoxy, Polyester, Epoxy-polyester (Hybrid), Acrylic, Polyurethane, Others; By Application: Consumer Goods, Architectural, Automotive, General Industries, Furniture, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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|Market Size||USD 22.8 billion by 2030|
|Growth Rate||CAGR of 9.2% From 2021 to 2030|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2030|
|Segments Covered||Resin, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
The market is expected to witness significant growth over the forecast period primarily owing to the superior properties of powder coatings over conventional paints including high resistance to corrosion and chipping & abrasion, durability, cost-effectiveness, excellent finishing, and reduced processing time.
The growing number of consumer goods companies in India, China, and Singapore is expected to augment market development in the near future. Powder coatings have numerous advantages over other coatings, such as lower operating costs, immediate availability, negligible VOC emission, excellent appearance, and uniform thickness.
- Akzo Nobel N.V
- The Sherwin-Williams Company
- PPG Industries, Inc.
- BASF SE
- Arkema S.A.
- Bayer AG
- Epoxy-polyester (Hybrid)
- Consumer Goods
- General Industries
- North America
- Russia & CIS countries
- Czech Republic (CZ)
- Asia Pacific
- Central and South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- North America
Powder Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Powder Coatings market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Powder Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
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