Research Report Covers the Global Powder Coatings Market 2022
Added: (Tue Nov 07 2017)
Pressbox (Press Release) -
Infinium Global Research has added a new report on Global Powder Coatings Market. The report predicts the market size of Powder Coatings is expected to reach XX billion by 2022.
The value of Powder Coatings Market is projected to grow with a CAGR between 6.0%- 6.5% during the forecast period of 2016 – 2022 and surpass USD 12 billion by 2022. It was worth USD 8.X billion in 2015. Powder coatings are type of coating which is applied on metal parts and product to enhance durability of metal parts and products. The powder used in such coatings include thermoplastic or thermoset polymer. Powder coatings are primarily used for providing hard finish to metal products. It is tougher than conventional paint and also enhances the performance of metal products. Apart from durability, powder coatings offer benefits such as scratch resistance, gloss retention and durable quality finish for metal parts and products. It is mainly used in application on metal parts exposed to extreme weather conditions. Furthermore, it is used in household appliances, aluminum extrusion and automobile & bicycle parts; apart from this it is cost efficient.
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High adoption of the technology in the automotive sector on account of excellent performance, low operational costs, wide color availability and custom properties such as anti-corrosion and anti-bacterial functions are considered to be major market drivers for powder coating market. Moreover, rising application of powder coatings in several sectors such as household appliances, industrial and construction is also supporting the growth of this market. However, fluctuating costs of raw material used to manufacture powder coatings is considered to be the key restraining factor of powder coating market.
The report segments the powder coatings market by product type, by application and by region. Market segmentation based on the product type includes water based coatings; Solvent based coatings and powder coatings. On the basis of application market segmented into automotive, steel, architectural, marine, furniture and consumer goods. Moreover, consumer good is the fastest grown segment and accounted more than XX% of market share followed by automotive industry X%.
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Asian Paints Limited
Axalta Coating Systems LLC
Kansai Paint Company Limited
The Valspar Corporation
The Sherwin-Williams Company
Key topics covered:
1. Report Overview
2. Executive Summary
3. Powder Coatings Market Overview
4. Global Powder Coatings Market, by Product Type, (USD Million) 2015 – 2022
5. Global Powder Coatings Market, by Application, (USD Million) 2015 – 2022
6. Global Powder Coatings Market, by End-User, (USD Million) 2015 – 2022
7. Global Powder Coatings Market, by Region, (USD Million) 2015 – 2022
8. Company Profiles
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