Global powder coatings market is expected to reach USD 19.74 Billion by 2026, at a CAGR of 6.51% from 2019 to 2026. Superior corrosion and abrasion resistance and cost-effectiveness properties of the powder coatings over the conventional paints are driving the global powder coatings market.
Market Overview
Powder coating is coating that is applied as dry powder or free-flowing. It is completely different from traditional liquid paint, as it requires a solvent for the filler and binder parts to form in a suspending liquid. It is mainly used to coat metals, like aluminum extrusions, household appliances, bicycle and automobile parts and drum hardware. Powder coating is applied through electrostatic means or through fluidized bed and cured by heating to build a skin. There are two basic types of powder coatings: thermoplastics and thermosets. Thermosetting uses a cross linker in its formulation. When baked, it reacts with the existing chemical groups present in the powder in order to undergo polymerization. This enhances the coating's properties and performance. The thermoplastic type involves no extra actions during the process of baking; it just flows into the resulting coating. Thus high durability, impact resistance, UV rays protection, moisture & chemical resistance properties of powder coatings along with its widespread utilization in the numerous applications are anticipated to boost demand for the powder coatings.
Report Description:
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Powder Coatings Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
Segmentation Analysis:
The global powder coatings market has been segmented on the basis of resin type, substrate, a coating method, and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region emerged as the largest market for the powder coatings with a 39.75% share of market revenue in 2018.
Global Powder Coatings Market Competitive Analysis:
Key players in the global powder coatings market are Akzo Nobel N.V., PPG Industries, Inc., Axalta Coating Systems, The Sherwin-Williams Company, BASF SE., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., IGP Pulvertechnik AG, Valspar Corporation, Allnex Italy Srl, TCI Powder Coatings, Evonik Industries, Jotun, Somar Corporation, Bayer, and Arkema among others. In order to effectively satisfy the burgeoning demand from the emerging economies such as China, India, the major players are emphasizing on ramping up their local manufacturing capacities. For instance in 2017, AkzoNobel expanded its powder coatings facility in Chengdu, Western China. The new site will help the company to meet growing product demand and also offer a wide range of powder products to its customers from automotive, construction, furniture, and IT industries.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global powder coatings market on the basis of below mentioned segments:
Global Powder Coatings Market by Resin Type:
Global Powder Coatings Market by Substrate:
Global Powder Coatings Market by Coating Method:
Global Powder Coatings Market by Application:
Global Powder Coatings Market by Region:
1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. RESEARCH SCOPE
1.4. CURRENCY
2. RESEARCH METHODOLOGY AND ASSUMPTIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
4.1. PORTER’S FIVE FORCES ANALYSIS
4.2. VALUE CHAIN ANALYSIS
4.3. TOP INVESTMENT POCKETS
4.3.1. MARKET ATTRACTIVENESS ANALYSIS BY RESIN TYPE
4.3.2. MARKET ATTRACTIVENESS ANALYSIS BY SUBSTRATE
4.3.3. MARKET ATTRACTIVENESS ANALYSIS BY COATING METHOD
4.3.4. MARKET ATTRACTIVENESS ANALYSIS BY APPLICATION
4.3.5. MARKET ATTRACTIVENESS ANALYSIS BY REGION
4.4. INDUSTRY TRENDS
4.5. PESTEL ANALYSIS
4.6. INDUSTRY SWOT ANALYSIS
4.7. INDUSTRY TRENDS
4.8. MICRO AND MACRO FACTORS AFFECTING GLOBAL GLASS MARKET
4.9. PRICING ANALYSIS
4.9.1. PRICING ASSUMPTIONS
4.9.2. PRICE PROJECTIONS PER REGION
4.10. MACRO-ECONOMIC FACTORS
4.10.1. SUPPLY SIDE
4.10.2. DEMAND SIDE
4.11. TRADE MAP ANALYSIS (IMPORT-EXPORT DATA)
4.12. COUNTRY LEVEL ANALYSIS
4.13. PENETRATION & GROWTH PROSPECT MAPPING
4.14. INDUSTRY VALUE CHAIN ANALYSIS
4.14.1. RAW MATERIALS ANALYSIS
4.14.2. SUPPLIER ANALYSIS
4.14.3. END USER ANALYSIS
4.15. CUSTOMERS/BUYERS BY REGIONS
5. MARKET DYNAMICS
5.1. MARKET EVALUATION
5.2. DRIVERS
5.2.1. RISING UTILIZATION IN VARIOUS END-USE INDUSTRIES
5.2.2. TECHNOLOGICAL ADVANCEMENTS IN APPLICATION PROCESS
5.3. RESTRAINS
5.3.1. DIFFICULTY IN OBTAINING THIN FILMS
5.4. OPPORTUNITIES
5.4.1. EMERGING APPLICATIONS IN SHIPBUILDING AND PIPELINE INDUSTRIES
5.4.2. INCREASING USE OF POWDER COATING IN AUTOMOTIVE INDUSTRY
5.5. CHALLENGES
5.5.1. ENVIRONMENTAL REGULATIONS ON THE POWDER COATINGS MANUFACTURING PROCESS
6. GLOBAL POWDER COATINGS MARKET ANALYSIS AND FORECAST, BY RESIN TYPE
6.1. SEGMENT OVERVIEW
6.2. THERMOSET
6.2.1. POLYESTER
6.2.2. EPOXY POLYESTER HYBRID
6.2.3. EPOXY
6.2.4. POLYURETHANE
6.2.5. ACRYLIC
6.2.6. OTHERS
6.3. THERMOPLASTIC
6.3.1. NYLON
6.3.2. POLYOLEFIN
6.3.3. POLYVINYL CHLORIDE (PVC)
6.3.4. POLYVINYL FLUORIDE (PVF)
7. GLOBAL POWDER COATINGS MARKET ANALYSIS AND FORECAST, BY SUBSTRATE
7.1. SEGMENT OVERVIEW
7.2. METAL
7.3. NON-METAL
8. GLOBAL POWDER COATINGS MARKET ANALYSIS AND FORECAST, BY COATING METHOD
8.1. SEGMENT OVERVIEW
9. ELECTROSTATIC SPRAY
10. FLUIDIZED BED
11. FLAME SPRAYING
12. ELECTROSTATIC FLUIDIZED BED PROCESS
13. GLOBAL POWDER COATINGS MARKET ANALYSIS AND FORECAST, BY APPLICATION
13.1. SEGMENT OVERVIEW
13.2. CONSUMER GOODS
13.3. AUTOMOTIVE
13.4. ARCHITECTURAL
13.5. GENERAL INDUSTRIES
13.6. FURNITURE
13.7. OTHERS
14. GLOBAL POWDER COATINGS MARKET ANALYSIS AND FORECAST, BY REGIONAL ANALYSIS
14.1. SEGMENT OVERVIEW
14.2. NORTH AMERICA
14.2.1. U.S.
14.2.2. CANADA
14.2.3. MEXICO
14.3. EUROPE
14.3.1. GERMANY
14.3.2. FRANCE
14.3.3. U.K.
14.3.4. ITALY
14.3.5. SPAIN
14.4. ASIA-PACIFIC
14.4.1. JAPAN
14.4.2. CHINA
14.4.3. INDIA
14.5. SOUTH AMERICA
14.5.1. BRAZIL
14.6. MIDDLE EAST AND AFRICA
14.6.1. UAE
14.6.2. SOUTH AFRICA
15. GLOBAL POWDER COATINGS MARKET-COMPETITIVE LANDSCAPE
15.1. OVERVIEW
15.2. MARKET SHARE OF KEY PLAYERS IN THE POWDER COATINGS MARKET
15.2.1. GLOBAL COMPANY MARKET SHARE
15.2.2. NORTH AMERICA COMPANY MARKET SHARE
15.2.3. EUROPE COMPANY MARKET SHARE
15.2.4. APAC COMPANY MARKET SHARE
15.3. COMPETITIVE SITUATIONS AND TRENDS
15.3.1. SUBSTRATE LAUNCHES AND DEVELOPMENTS
15.3.2. PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
15.3.3. MERGERS & ACQUISITIONS
15.3.4. EXPANSIONS
16. COMPANY PROFILES
16.1. AKZO NOBEL N.V.
16.1.1. BUSINESS OVERVIEW
16.1.2. COMPANY SNAPSHOT
16.1.3. COMPANY MARKET SHARE ANALYSIS
16.1.4. COMPANY PRODUCT PORTFOLIO
16.1.5. RECENT DEVELOPMENTS
16.1.6. SWOT ANALYSIS
16.2. PPG INDUSTRIES, INC.
16.2.1. BUSINESS OVERVIEW
16.2.2. COMPANY SNAPSHOT
16.2.3. COMPANY MARKET SHARE ANALYSIS
16.2.4. COMPANY PRODUCT PORTFOLIO
16.2.5. RECENT DEVELOPMENTS
16.2.6. SWOT ANALYSIS
16.3. KONINKLIJKE DSM N.V.
16.3.1. BUSINESS OVERVIEW
16.3.2. COMPANY SNAPSHOT
16.3.3. COMPANY MARKET SHARE ANALYSIS
16.3.4. COMPANY PRODUCT PORTFOLIO
16.3.5. RECENT DEVELOPMENTS
16.3.6. SWOT ANALYSIS
16.4. AXALTA COATING SYSTEMS
16.4.1. BUSINESS OVERVIEW
16.4.2. COMPANY SNAPSHOT
16.4.3. COMPANY MARKET SHARE ANALYSIS
16.4.4. COMPANY PRODUCT PORTFOLIO
16.4.5. RECENT DEVELOPMENTS
16.4.6. SWOT ANALYSIS
16.5. THE SHERWIN-WILLIAMS COMPANY
16.5.1. BUSINESS OVERVIEW
16.5.2. COMPANY SNAPSHOT
16.5.3. COMPANY MARKET SHARE ANALYSIS
16.5.4. COMPANY PRODUCT PORTFOLIO
16.5.5. RECENT DEVELOPMENTS
16.5.6. SWOT ANALYSIS
16.6. BASF SE
16.6.1. BUSINESS OVERVIEW
16.6.2. COMPANY SNAPSHOT
16.6.3. COMPANY MARKET SHARE ANALYSIS
16.6.4. COMPANY PRODUCT PORTFOLIO
16.6.5. RECENT DEVELOPMENTS
16.6.6. SWOT ANALYSIS
16.7. KANSAI PAINT CO., LTD
16.7.1. BUSINESS OVERVIEW
16.7.2. COMPANY SNAPSHOT
16.7.3. COMPANY MARKET SHARE ANALYSIS
16.7.4. COMPANY PRODUCT PORTFOLIO
16.7.5. RECENT DEVELOPMENTS
16.7.6. SWOT ANALYSIS
16.8. NIPPON PAINT HOLDINGS CO., LTD
16.8.1. BUSINESS OVERVIEW
16.8.2. COMPANY SNAPSHOT
16.8.3. COMPANY MARKET SHARE ANALYSIS
16.8.4. COMPANY PRODUCT PORTFOLIO
16.8.5. RECENT DEVELOPMENTS
16.8.6. SWOT ANALYSIS
16.9. IGP PULVERTECHNIK AG
16.9.1. BUSINESS OVERVIEW
16.9.2. COMPANY SNAPSHOT
16.9.3. COMPANY MARKET SHARE ANALYSIS
16.9.4. COMPANY PRODUCT PORTFOLIO
16.9.5. RECENT DEVELOPMENTS
16.9.6. SWOT ANALYSIS
16.10. VALSPAR CORPORATION
16.10.1. BUSINESS OVERVIEW
16.10.2. COMPANY SNAPSHOT
16.10.3. COMPANY MARKET SHARE ANALYSIS
16.10.4. COMPANY PRODUCT PORTFOLIO
16.10.5. RECENT DEVELOPMENTS
16.10.6. SWOT ANALYSIS
16.11. ALLNEX ITALY SRL
16.11.1. BUSINESS OVERVIEW
16.11.2. COMPANY SNAPSHOT
16.11.3. COMPANY MARKET SHARE ANALYSIS
16.11.4. COMPANY PRODUCT PORTFOLIO
16.11.5. RECENT DEVELOPMENTS
16.11.6. SWOT ANALYSIS
16.12. TCI POWDER COATINGS
16.12.1. BUSINESS OVERVIEW
16.12.2. COMPANY SNAPSHOT
16.12.3. COMPANY MARKET SHARE ANALYSIS
16.12.4. COMPANY PRODUCT PORTFOLIO
16.12.5. RECENT DEVELOPMENTS
16.12.6. SWOT ANALYSIS
16.13. EVONIK INDUSTRIES
16.13.1. BUSINESS OVERVIEW
16.13.2. COMPANY SNAPSHOT
16.13.3. COMPANY MARKET SHARE ANALYSIS
16.13.4. COMPANY PRODUCT PORTFOLIO
16.13.5. RECENT DEVELOPMENTS
16.13.6. SWOT ANALYSIS
16.14. JOTUN
16.14.1. BUSINESS OVERVIEW
16.14.2. COMPANY SNAPSHOT
16.14.3. COMPANY MARKET SHARE ANALYSIS
16.14.4. COMPANY PRODUCT PORTFOLIO
16.14.5. RECENT DEVELOPMENTS
16.14.6. SWOT ANALYSIS
16.15. SOMAR CORPORATION
16.15.1. BUSINESS OVERVIEW
16.15.2. COMPANY SNAPSHOT
16.15.3. COMPANY MARKET SHARE ANALYSIS
16.15.4. COMPANY PRODUCT PORTFOLIO
16.15.5. RECENT DEVELOPMENTS
16.15.6. SWOT ANALYSIS
16.16. BAYER
16.16.1. BUSINESS OVERVIEW
16.16.2. COMPANY SNAPSHOT
16.16.3. COMPANY MARKET SHARE ANALYSIS
16.16.4. COMPANY PRODUCT PORTFOLIO
16.16.5. RECENT DEVELOPMENTS
16.16.6. SWOT ANALYSIS
16.17. ARKEMA
16.17.1. BUSINESS OVERVIEW
16.17.2. COMPANY SNAPSHOT
16.17.3. COMPANY MARKET SHARE ANALYSIS
16.17.4. COMPANY PRODUCT PORTFOLIO
16.17.5. RECENT DEVELOPMENTS
16.17.6. SWOT ANALYSIS
16.18. APC INC
16.18.1. BUSINESS OVERVIEW
16.18.2. COMPANY SNAPSHOT
16.18.3. COMPANY MARKET SHARE ANALYSIS
16.18.4. COMPANY PRODUCT PORTFOLIO
16.18.5. RECENT DEVELOPMENTS
16.18.6. SWOT ANALYSIS
LIST OF TABLE
LIST OF FIGURES
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