Powder Coatings Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts 2025
Powder coatings dominated the automotive application segment in 2018 and are expected to continue to do so during the analysis period. Powder coatings give metal parts and goods a cost-effective, long-lasting, and durable surface.
The rise in car production is one of the major reasons likely to fuel the Powder Coatings Market's growth in the forecast future. Furthermore, the increased need for medical devices is expected to boost the powder coatings industry forward. Furthermore, the market for powder coatings is expected to benefit from prospective applications in the shipbuilding and pipeline industries. On the other side, the difficulty in obtaining thin films is expected to stymie the powder coatings market's expansion over the forecast period.
Furthermore, the growing use of powder coatings in the automotive industry, as well as advanced applications in the shipbuilding and pipeline industries, will create additional chances for the powder coatings market to develop in the future years. Environmental issues, on the other hand, may pose a significant obstacle to the powder coatings market's growth in the near future.
Furthermore, the growing use of powder coatings in the automotive industry, as well as advanced applications in the shipbuilding and pipeline industries, will create additional chances for the powder coatings market to develop in the future years. Environmental issues, on the other hand, may pose a significant obstacle to the powder coatings market's growth in the near future.
Powder coatings have grown in popularity as a result of technological developments and increased demand from industries such as architectural, appliances, automotive, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and others. Because it is a volatile organic compound (VOC) and solvent-free, this tendency is predicted to continue. Environmental rules are also helping to increase the powder coatings business.
Market Segmentation:
By Application
By Resin Type
The major players in the global powder coatings market include Axalta Coating Systems, AkzoNobel N.V., Asia Paints Limited, PPG Industries Inc., Somar Corporation and Beger Paints India Limited among others.
Market Segmentation:
By Application
- Appliances
- Automotive
- Architectural
- Furniture
- Agriculture, Construction, & Earthmoving Equipment (ACE)
- General Industrial
- Others
By Resin Type
- Thermoset
- Thermoplastic
The major players in the global powder coatings market include Axalta Coating Systems, AkzoNobel N.V., Asia Paints Limited, PPG Industries Inc., Somar Corporation and Beger Paints India Limited among others.
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