The information is based on a recent business intelligence report from IndustryARC, which has projected a healthy growth in the powder coatings market in the near future. The report is titled “Powder Coatings Market: By Type of Coatings (Epoxy, Polyester, Polyurethanes, Acrylics and Others); By Coating Method (Spray Coating, Fluidized Bed Coating and Others); By Application (Automotive, Architectural, Appliances, General Metal Finishing, Household appliances & consumer goods, and Others); & Country Analysis -Forecast (2018-2023).”
Nowadays, environment-friendly products are more in demand to empower pollution-free world. Thus, greener coating solutions are widely adopted by huge number of people to ensure a healthy environment around. Powder coatings is one of the popular finishing techniques and a formidable substitute for liquid coatings. Epoxy, polyester, polyurethanes, and acrylics are a different type of powder coatings. They can resist various conditions such as chemicals, moisture, ultraviolet light, and extreme weather conditions.
These coatings eliminate risks associated with scratches, chipping, corrosion, fading, and wear issues. Powder coatings find major applications in agricultural and construction, appliance, architectural, electrical, transportation, and automotive industries. Its benefits such as effective durability, cost-effectiveness, ease of usage, and worker safety are expanding the powder coatings market size.
In China, the thirteenth five years plan for the coatings industry underlines that government is investing more economy towards eco-friendly coatings with low volatile organic compounds, which will influx investments for coatings industry’s development and result in 57% of total coatings with these coatings by 2020.
Browse through 143 slides and an in-depth TOC on “Powder Coatings Market (2018 - 2023)”
Global Powder Coatings Market: Competitive Analysis
- Akzonobel N.V., PPG Industries, Axalta, Jotun Paints, Kansai Paints, Nippon Paints are some of the key players in the global powder coatings market
- In 2017, Akzonobel N.V., sold a total of 643 billion yuan of home use electric appliances in China, with an increase of 15.9 percent from 2016. Thus, it experienced a noticeable growth in Asia powder coating market. The company also opened a new plant in China in 2017. The Interpon brand of this company strengthens its position in global powder coatings. It also has three powder coating sites are under construction in India and China resembling the demand for this coating in these regions.
- PPG Industries introduced Envirocron Extreme Protection powder coating system in 2018. It is a new impact-absorption mechanism for chip mitigation with advanced corrosion and chip-resistant coatings technologies. The product is used in automotive coil springs on original equipment manufacturer vehicles to extend its shelf life
- In 2018, Axalta, an aspiring player in the powder coatings market, inaugurated a new plant which deals with powder coating manufacturing in India. These coatings are mainly used for automotive parts and commercial vehicles
Powder coatings are the attractive coatings which are eco-friendly and advantageous as well. They are majorly applicable in the architectural and automotive industries. Technological advancements are responsible to manufacture a diverse range of powder coatings products. Key players are enhancing their presence globally with new plants in different countries to gain greater shares.
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Powder Coatings Equipment Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024
Epoxy Powder Coatings Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024
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