Reports and Data estimates the global Powder Coatings competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global Powder Coatings during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include PPG Industries, Inc., The Sherwin-Williams Company, Akzo Nobel N.V., Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited, IFS Coatings, The Valspar Corporation, TIGER Coatings, Kansai Paint Co., Ltd., and BASF SE.
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Powder Coatings Overview :-
The global powder coatings market size was USD 12.18 Billion in 2021, and is expected to register a revenue CAGR of 5.0% during the forecast period. Rising demand for powder coatings in medical equipment and increased usage of powder coatings in automotive components are major factors expected to drive market revenue growth to some extent. Powder coating is preferred in medical industry due to its antibacterial properties, which helps to maintain hygienic and sterile environment. This property makes it suitable for a wide range of medical facilities, including wheelchairs and hospital beds as well as interiors of surgical suites. In medical settings, powder coating combats mildew, germs, parasites, and viruses, and has become increasingly important in the medical industry.
Powder coatings do not contain any solvents, thus they emit fewer Volatile Organic Compounds (VOCs) into atmosphere and pose a low combustion risk during storage and application. Moreover, when powder comes into contact with human skin, it is quickly washed away, reducing health risks to workforce. Powder coatings is currently in high demand for use on home appliances due to its excellent quality and product durability. Powder coating applications are well-known in the home appliance industry as a high-quality finish for both major and minor applications. Powder coatings is used on a wide variety of electrical appliances, including clothes dryers, air conditioners, dishwashers, fans, microwave ovens, cookers, rice cookers, freezers, stereo components, refrigerators, video components, television components, water coolers, and washing machines due to advantages such as high corrosion resistance with single coat application in the appliance finishing industry.
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For the purpose of this report Reports and Data has segmented global Powder Coatings market on the basis of type, application, and region:
By Coating Type Outlook
- Electrostatic Spray Coating
- Fluidized Bed Coating
- Electrostatic Fluidized Bed Process
- Flame Spraying
By Substrate Outlook
By Application Outlook
- Consumer Goods
- General Industries
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Powder Coatings during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
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