Powder Coating Market size was valued at USD 14.2 Bn. in 2021 and the total global Powder Coatings revenue is expected to grow by 4.2% in forecast period to reach USD 19.73 Bn. in 2029.
Powder Coating Market Overview:
The Powder Coating Market Research Report includes a comprehensive analysis of strategy, micro and macro market trends and scenarios, price analysis, and short-term market conditions, as well as a close examination of significant competitors. The primary and secondary market drivers, market share, important market categories, and regional market analysis are all covered in this report. The Maximize Market Research, an Powder Coating market research firm, has served more than 600 clients across the world since 2017.
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Market Scope
In the Powder Coating market report, the forecast period is considered from 2021 to 2029, and 2021 is a based year. 2020 market size in terms of value and volume is estimated on real numbers and outputs of the prominent players across the globe. The year 2020 is an exception and is analysed specifically with the impact of the region.
The qualitative and quantitative data in the Powder Coating market report assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas.
Segmentation:
By Type, the Thermoset segment dominated the market with the highest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Thermoset powder coatings are made from a variety of resins, including epoxies, polyesters, acrylics, and polyurethanes. They require a lower curing temperature than thermoplastic resins. It is critical to heat the powder-coated substrate to allow the thermoset to flow evenly throughout the surface.
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Key Players:
• The Sherwin-Williams Company (US)
• PPG Industries, Inc. (US)
• Axalta coating systems (US)
• RPM International Inc. (US)
• Valspar (US)
• Hentzen Coatings, Inc. (US)
• IFS Coatings (US)
• BASF SE (Germany)
• Bayer AG (Germany)
• Emil Frei Gmbh & Co. KG (Germany)
• Arkema S.A. (France)
• SOMAR (Japan)
• Kansai Paint Co., Ltd (Japan)
• Nippon Paint Holdings Co., Ltd. (Japan)
• Berger Paints India Limited (India)
• Asian Paints Limited (India)
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The report looks at the most recent notable breakthroughs in the Powder Coating market, as well as the major producers and inventors.
Vendors can examine the competitive landscape from the perspectives of market, application, and geography, as well as determine whether current capabilities and future growth prospects are appropriate, using the Competition Strategy window.
Powder Coating Market Regional Analysis
The global level report for Powder Coating market provides the detailed region wise share distribution along with the demand growth factors in that particular region. Powder Coating Region dominated the Powder Coating Market in 2021 and is expected to witness significant growth during the forecast period investigations. The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market’s current and future trends.
Key Questions answered in the Powder Coating Market Report are:
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Mar 10, 2023