Powder Coating Market to Rise 6.1 Percent By 2027 Says Precedence Research

Precedence Research recently published a report on “Powder Coating Market (By Resin: Polyester, Epoxy, Epoxy-Polyester, Polyurethane, Acrylic; By Application: Automotive, Consumer Goods, Architectural, Furniture, Oil and Gas, Pipeline) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, the global powder coating market size is projected to reach USD 20.1 billion by 2027 from an estimated USD 12.02 billion in 2019, at a CAGR of 6.1% during the forecast period 2020 – 2027.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates powder coating market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global powder coating market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.

Powder coating involves application of powder coating on metallic surfaces to make sure high-quality finishing. Powder coating has gain traction and become one of the most general techniques to finish automotive and other parts on account of its long lasting, durable finish and smooth texture which is resilient to corrosion. The major driver in the growth of powder coating materials was the quest of an ecologically friendly substitute to solvent-laden paints.

Powder coating is seen as a sustainable preference in plentiful industrial coating uses. The prominent drivers for technology development are the increasing demand for sustainable solutions and meeting customer demands for enhanced performance. With desire to decrease environmental effect, businesses uninterruptedly attempt to recover process competences like well utilization of coating materials and elimination of coatings steps. A decline in baking temperatures enable application of powders on more substrates that results in no VOCs, lower energy consumption and offers sustainable substitute to anodizing and liquid coatings.

Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

The demand for powder coatings has augmented substantially due to escalating technological advancements and cumulative requirement from applications areas such as automotive, furniture, architectural, agriculture, appliances, earthmoving equipment, construction, general industries among others. Severe environmental rules are also projected to lift the growth global powder coatings market growth during the forthcoming years. Surge in demand of product in applications such radiator grills, as door handles, bumpers, wheel rims, metallic structural components and bicycle is expected to reinforce growth of the market during near future.

The arrival of powder-on-powder application which comprises application of topcoat and primer with one cure step has offered novel visions for powder coatings. Further, powder coatings have attained more extensive access in new-fangled applications. Better utilization rate as than liquid forms are amongst the fundamental reasons impacting the complete product application possibility. The infrastructural development is also a crucial factor motivating the product requirement on an international scale. Proficiency and overspray are amongst the vital aspects leading the market economics.

Report Highlights

• Progression in construction sector in the nations like Indonesia, India, Malaysia, and Thailand is prompted by the budding service industry in the region that results in upturn in migration, escalation in population, and scarcity of residential households in the region.
• The economic saturation and contraction in Europe and North America is shifting the demand of the market in the Asia Pacific
• Growth of powder coatings market across the world is credited to the aspects such as escalating per capita income, augmented consumer spending, and fluctuating consumer inclinations and progression in technology.
• Asia Pacific powder coatings market is anticipated to record highest CAGR on account of growing disposable income, steady economy, and refining standards of living in nations like Singapore, Vietnam, China, Japan, and Malaysia.

Regional Snapshots

Asia Pacific conquered the powder coatings sector with maximum market stake in 2019 and is anticipated to show firmest growth rate throughout the assessment duration. This growth is attributable to optimistic market outlook in the Asia economies like India China, and Japan. Although Southeast Asian countries such as Malaysia and Thailand offer great openings for local sales, they also bid critical production benefits over other nations. Further, stable economic growth is conveying more investments to this region. Since the previous decade, spending by steel businesses has triggered the expansion of construction, appliances, electronics and automotive sectors in the emerging nations of Middle East and APAC. As a result growth of these sectors is supporting the demand for powder coatings across these regions.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the powder coating market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the powder coating market include:

• Axalta Coating Systems
• The Sherwin-Williams Company
• Arkema Group
• The Valspar Corporation
• Eastman Chemical Company
• PPG Industries, Inc.
• Akzo Nobel NV
• Evonik Industries AG
• Nippon Paint Co., Ltd.

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of resin type, application and region as follows:

By Resin

• Epoxy-Polyester
• Epoxy
• Acrylic
• Polyester
• Polyurethane
• Others

By Application

• Automotive
• Consumer Goods
• Architectural
• Furniture
• Oil and Gas
• Pipeline
• Others

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America

Key Takeaways

• Comprehensive analysis of the powder coating market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
• Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global powder coating market
• Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
• Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
• Comprehensive list of key potential clients across major end-use industries in different geographies
• Thorough import-export analysis  across the globe
• Regional level production output to comprehend the demand-supply scenario
• Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Powder Coating Market, By Resin

7.1. Powder Coating Market, by Resin Type, 2020-2027
7.1.1. Epoxy-Polyester
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Epoxy
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Acrylic
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polyurethane
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Polyester
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Powder Coating Market, By Application

8.1. Powder Coating Market, by Application, 2020-2027
8.1.1. Automotive
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Consumer Goods
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Architectural
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Furniture
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Oil and Gas
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Pipeline
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Powder Coating Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Axalta Coating Systems
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. The Sherwin-Williams Company
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Arkema Group
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Eastman Chemical Company
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The Valspar Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. PPG Industries, Inc.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Akzo Nobel NV
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Evonik Industries AG
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Nippon Paint Co., Ltd.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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