A gist of Powder Coatings market report
The Powder Coatings market report covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Powder Coatings market segmentation by type, application, and geography provides a critical angle.
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Global Powder Coatings Market will grow at a robust growth rate of over 7% between 2019 and 2029 owing to superior properties such as high resistance to abrasion, chipping, and corrosion coupled with efficiency in cost, processing time, and durability. Powder coating is versatile in nature. It is effectively used in consumer goods such as automobiles, refrigerators, water-heaters, dishwashers, microwaves, and industrial machinery used in manufacturing. Growing demand on the back of increasing purchasing power of consumers in developing economies is cited as the main factor influencing the growth of the powder coatings market during the forecast period.
Epoxy Resin Holds Majority Market Share
Powder coatings manufactured from epoxy resin are garnering increasing consumer traction owing to enhanced protection that this type of powder coating offers against repeated mechanical stress, weather, and wear & tear associated with typical product lifecycles. Epoxy resin based powder coating holds over 30% of the market share, followed by polyester resins which account for more than 1/4th of the market. Surging preference for high-quality finish and durability of coatings in products will create remunerative growth opportunities for acrylic and resin based powder coating. Acrylic resin is expected to grow at a stellar CAGR of more than 8% through 2029.
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On the basis of geography, this Powder Coatings market report covers the prominent regions, concentrates on product sales, value, market share and growth outlook in these regions, which include:
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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The research attempts to answer many queries such as:
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- At present, who is buying your product or service globally?
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- What will be the cost of the products and facilities across various regions?
- What are the trends affecting the performance of the Powder Coatings market?
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