Powder Coatings Market to grow at 7% CAGR from 2019 and 2025: Global Market Insights Inc.
According to a new research report by Global Market Insights, Inc., Powder Coatings Market size is projected to hit USD 17 billion by the end of 2025. Some of the trends that will be responsible for the growth of this market are stated underneath. The advantages of high corrosion resistance for lower price, superior gloss retention and easy applicability over conventional paints will propel powder coatings market growth over the forecast timeframe. The powder coatings market is driven by widespread metal coating applications across several industry verticals. The product exhibits several environment-friendly benefits pertaining to solvent free chemical base which leads to minimal VOC emissions as compared to liquid paints. Moreover, it is cost effective and produces high quality finishes over metal surfaces, fueling product demand. Majority of home appliances are large machines consisting of metal structure making them extremely vulnerable to corrosion from moisture, chemicals and water. For instance, the appliances such as washing machines, dish washers and refrigerators are constantly exposed to water, requiring safeguarding of the metal body. Powder coatings find strong application in manufacturing home appliances such as vacuum cleaners, microwave ovens, refrigerators, dishwashers, water heater, etc.
Home appliances play an important role in the households as they add convenience and comfortability to one’s life. Rising spending power coupled with enhanced standard of living has changed the lifestyle needs, driving the home appliances demand. Home appliances accomplish several days to day tasks like cooking, cleaning, washing, purifying, food preservation etc. Apart from easing off the tasks they also enrich the aesthetics of home dÊcor. Powder coats add a durable finish to the appliances and allows them sustaining the damages from the everyday use. When applied, the product forms a uniform thick coat over the metal surface so that it can be painted with dynamic colors to achieve desired paint gloss and superior exteriors. Nowadays, the color of the appliance has become a highly influencing factor for consumers, pertaining to their purchasing decisions. As a result, appliance
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manufacturers have started focusing on improving the product exteriors by launching several options with stylish colors, finishes, and texture combinations. The latest technologies and innovations to produce more user-friendly home appliances for making everyday tasks as easy as possible, will drive the home appliance demand, subsequently augmenting powder coatings market share over the forecast timeframe. Powder coatings provide several benefits over conventional liquid coatings, especially the high durability and easy applicability will continue supporting product adoption across various industries throughout the forecast period. Powder coats are capable of producing much thicker layer of coatings as compared to the solvent based counterparts which sustain the issues with sagging or running of liquid coats, impacting the paint finish. Moreover, faster curing time and the ability to produce wide range of specialty effects will further augment the application scope. The product is indispensably used across the automotive industry to coat vehicle chassis and body components to protect them from corrosion. Increasing automobiles sales accompanied by rapid urbanization will stimulate powder coatings market trends over the forecast timeframe.
Volatile organic compounds (VOCs) are mostly emitted from solvent based coatings, paints and other chemicals used across several industries. Rapid urbanization trends have been encouraging the implementation of these solvent based products including 2|Page
paints, varnish, cleaning solutions which has escalated the VOCs levels above the threshold limit. As per studies the concentrations of many VOCs recorded indoors are up to ten times higher than those of the outdoors. Long term exposure to VOCs can lead to adverse effects on health, requiring curbing the residential VOCs emissions. As powder coatings release small amounts of VOCs, Stringent government regulation to control VOCs emission is likely to fuel the product adoption, thereby accelerating powder coatings market outlook over the forecast period. Browse key industry insights spread across 650 pages with 570 market data tables and 16 figures & charts from the report, “Powder Coatings Market� in detail along with the table of contents @ https://bit.ly/2qOmlrj Table of Content (TOC-)
Chapter 1 Methodology & Scope 1.1 Research methodology 1.1.1 Initial data exploration 1.1.2 Statistical model and forecast 1.1.3 Industry insights and validation 1.1.4 Definitions & forecast parameters 1.1.5 Definitions 1.1.6 Market estimation & forecast parameters 1.2 Data Sources 1.2.1 Secondary 1.2.2 Primary Chapter 2 Executive Summary 2.1 Powder coating industry 3600 synopsis, 2014 - 2025 2.1.1 Business trends 3|Page
2.1.2 Resin trends 2.1.3 Application trends 2.1.4 Substrate trends 2.1.5 Regional trends Chapter 3 Powder Coatings Industry Insights 3.1 Industry segmentation 3.2 Industry landscape, 2014- 2025 3.3 Industry ecosystem analysis 3.3.1 Vendor Matrix 3.3.1.1 Raw material suppliers 3.3.1.1.1 Challenges faced by the raw material suppliers 3.3.1.2 Manufacturers 3.3.1.2.1 Challenges faced by manufacturers 3.3.2 Distribution channel analysis 3.3.2.1 Distributors & dealers 3.3.2.2 End-users 3.3.3 Potential customer analysis 3.3.3.1 Key decision-makers/ processes 3.3.4 Profit margin trends 3.4 Technology landscape 3.5 Regulatory landscape 3.5.1 North America 3.5.1.1 U.S.
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3.5.1.1.1 Industrial surface coating regulation update 3.5.1.2 Canada 3.5.1.2.1 Volatile Organic Compound (VOC) concentration limits for architectural coatings regulations 3.5.2 Europe 3.5.2.1 British, European, and International Standards 3.5.2.2 CEPE- Safe Powder Coating Guideline 3.5.2.2.1 Health Hazards Guidelines 3.5.3 Asia Pacific 3.5.3.1 China 3.5.3.1.1 HG/T 3793-2005 – Hot-melt fluorocarbon resin (PVDF) coatings 3.5.3.2 Australia 3.5.3.2.1 Spray painting and powder coating: code of practice 3.5.4 Latin America 3.5.5 Middle East and Africa 3.5.5.1 South Africa 3.5.5.1.1 SANS 1796:2014 - Application of durable organic powder coatings for architectural aluminum 3.6 Industry impact forces 3.6.1 Growth drivers 3.6.1.1 Increasing construction spending 3.6.1.2 Increasing demand in the automotive, aerospace and marine industry 3.6.1.3 Focus on VOC emissions reduction
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3.6.1.4 Strong outlook in the furniture industry 3.6.1.5 Lower application cost as compared to liquid coatings 3.6.1 Industry pitfalls & challenges 3.6.1.1 Higher energy consumption & investment on machinery & tools 3.7 Growth potential analysis, 2018 3.7.1 Emerging business models 3.8 Functional powder coatings industry outlook 3.8.1 Anticorrosive powder coatings 3.8.2 Antibacterial/ antimicrobial powder coatings 3.8.2.1 Application segments for antibacterial powder coatings 3.8.2.2 Selection of antibacterial (AB)agent 3.8.2.3 Dosage level of silver additive 3.8.2.4 Powder application 3.9 Pricing analysis 3.9.1 Regional pricing 3.9.1.1 North America 3.9.1.2 Europe 3.9.1.3 Asia Pacific 3.9.1.4 Latin America 3.9.1.5 Middle East and Africa 3.9.2 Cost structure analysis, 2018 3.10 Porter’s analysis 3.11 Competitive landscape, 2018 6|Page
3.11.1 Global company market share analysis, 2018 3.11.2 Top players overview, 2018 3.11.3 Strategy dashboard 3.11.4 Top powder coating resin suppliers market share analysis, 2018 3.12 PESTLE analysis
About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com
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