Skip to main content

Powder Coatings Market Scope and Trends Overview 2024

Increasing demand owing to high variation in texture, color & coating thicknesses along with their enhanced durability will augment market growth over the next eight years.

The Global Powder Coatings Market is expected to reach USD 16.55 billion by 2024, according to a new report by Grand View Research, Inc.


Increasing use of powder coatings for aluminum extrusion used in windows, doorframes, building facades, kitchen, bathroom and electrical fixtures will fuel industry expansion. Rising construction spending in various countries including China, the U.S., Mexico, Qatar, UAE, India, Vietnam, and Singapore will fuel growth over the forecast period. Increasing government support for eco-friendly and economical products will stimulate demand over the forecast period.

General industries were the prominent application segment and accounted for 20.7% of the global volume in 2015. Increasing demand for tractors in the U.S., Brazil, Japan, India, and China is expected to augment the use of powder coatings on account of its corrosion protection, excellent outdoor durability, and high-temperature performance. Moreover, growing usage in agricultural equipment, exercise equipment, file drawers, computer cabinets, laptop computers, cell phones, and electronic components will propel industry expansion.

Epoxy-polyester hybrid powder coatings will witness the fastest volume growth at a CAGR of 8.1% from 2016 to 2024 as a result of its increasing application in domestic appliances, machines, equipment, decorative devices and general industries. Furthermore, superior properties including greater resistance to yellowing during cure, better transfer efficiency, and cleaner, brighter colors than many epoxy formulations are expected to stimulate industry growth.

To Know More About Powder Coatings Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/powder-coatings-market-analysis

Top Players of Powder Coatings Market:

Key participants include PPG Industries, AkzoNobel, Sherwin-Williams, Axalta Coating Systems and BASF, together accounting for over 35.0% of the global market share in 2015. Other prominent players include Valspar Corporation, Nippon Paint, Kansai Paint, and Jotun.

Market Segmentation of Powder Coatings Market:

The Global Powder Coatings Market segmented on the basis of Resin Type and Application.

By Resin Type:

    Epoxy
    Polyester
    Epoxy-Polyester (Hybrid)
    Acrylic
    Polyurethane

By Application:

    Consumer goods
    Architectural
    Automotive
    General Industries
    Furniture

Inquire about Powder Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/343
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...
Post a Comment
Read more

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...
Post a Comment
Read more