Global Powder Coatings Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Chemical and Material

The global powder coatings market size is expected to reach USD 18.32 Billion by 2026 with CAGR of 6.2% oover the forecast period 2019 to 2026.

This can be mainly associated with the increase in demand owing to its properties such as durability, scratch resistance, and glossy look which are influencing the market growth. Growing popularity among end users, especially automotive, shipbuilding and pipeline industries, will also encourage the growth of the market. The implementation of stringent regulations across several countries, regarding green and solvent-free coating technologies, will lead to a reduced amount of VOC emissions. This will boost the demand for powder coatings worldwide.

Powder coatings can be used on a variety of substrates, including metallic and non-metallic materials, having a wide range of colors, thicknesses, finishes, and textures. They can be easily applied in much higher thicknesses compared to conventional liquid coatings without running, dipping, or sagging. Moreover, since powder coatings are composed entirely of solid coating material, applying coating of a specific thickness can be achieved with fewer applications of powder.

Powder coating provides consumers with a long-lasting, economical, and durable finish, along with a range of color choices available for metallic and non-metallic substrates. Moreover, powder coatings are environmental friendly as compared to solvent-based liquid painting solvents that emit volatile organic compounds (VOC). Since powder coatings are solvent-free coating systems, it releases nearly negligible amounts of VOC’s.

Expenses in terms of cost and energy consumption will be a hindrance to the growth of the market.

The report analyzes and forecasts the powder coatings market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global powder coatings market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the powder coatings market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of powder coatings market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.

Key Players:

Some of the major companies operating in the powder coatings market are AkzoNobel N.V., Axalta Coating System, Asian Paints, BASF, Kansai Paints, Somar Corporation, PPG Industries, RPM International, Dulux Powder & Industrial Coating, Dupont Coating & Colour Technologies Group, Jotun, Marpol, The Sherwin-Williams Company, Protech Oxyplast, The Valspar Corporation, Nippon Paint Co., Ltd. and Cloverdale Paint, Inc.

Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market.  This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.

Enterprises operating in the market are adopting various strategies such as new product development, for enhancing market share. For instance, in January 2016, PPG Industries announced to launch HOBA PURAIR internal liner for aluminum aerosol cans. Also, incorporation of digital channel as alternate sales network is another strategy adopted by key industry players for enhancing sales.

For instance, in June 2017, AkzoNobel announced the introduction of android application for purchasing products from mobile devices. This initiative will allow customers to buy products directly from most mobile devices including tablets, computers, and phones. Other strategies adopted by industry participants include strategic partnerships, collaborations, mergers and acquisitions.

Segmentaion

By Resin

  • Thermoplastic
    • Nylon
    • Others (PVC, Polyolefin, ABS, Polycarbonate)
  • Thermoset
    • Epoxy
    • Polyester
    • Polyurethane
    • Acrylic
    • Epoxy polyester hybrid
  • Fusion bonded epoxy

By Application

  • Architectural
  • Jobbers
  • Agricultural/
  • Construction equipment
  • Pipeline
  • Oil & Gas
  • Appliances
  • General Metal
    • Outdoor furniture & playground equipment
    • Others
  • Automotive & transportation components
    • Wheels
    • Others
  • Others (HVAC, Electrical)

By Substrate

  • Metallic
  • Non-Metal

Report coverage

  • Analysis Period: 2015 – 2026
  • Base Year: 2018
  • Forecast Data: 2019 – 2026
  • Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global powder coatings capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026)
  • Focuses on the key powder coatings manufacturers, to study the capacity, production, value, market share and development plans in future
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks
  • To identify significant trends and factors driving or inhibiting the market growth
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

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