Metallic Powder Coating Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Metallic Powder Coating Market
The Metallic Powder Coating market size was valued at USD 1.75 billion in 2023, and the market is now projected to grow from USD 1.88 billion in 2024 to USD 2.91 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period of 2024-2032.
The havoc caused by the malady of COVID-19 widespread has turned out to be the foremost troublesome figure. In spite of the fact that a few coating generation units have continued production in an amazed design, the rising number of positive cases and falling request has driven to rising concern among the industry's driving makers of coatings. The epidemic caused a halt within the handling of raw materials utilized within the make of coatings and has disturbed the whole generation and impacted to a greater extent in the metallic powder coating market growth. Other than, companies confront a genuine deficiency of proficient and incompetent labor, with the coatings industry driving a huge rate of its workers back to their hometowns.
The UV-cured powder is being created for modern item applications. Heat-sensitive substrates, such as medium density fiberboard (MDF), are treated with these wrapping up materials. UV-cured powder coating could be a long-lasting coating that permits for imaginative plan and can be connected to a wide extend of substrates. MDF could be a common substrate for UV-cured powder coating and is promptly accessible over the timber industry. It is long-lasting and can be utilized in a wide extend of retail furniture, counting point-of-purchase shows & installations, work surfaces, healthcare, and office furniture.
The metallic powder coating advertise is anticipated to develop quickly due to a decay within the appropriation of unstable natural compounds (VOCs). VOCs are compounds that vaporize at room temperature and are a major source of outflows at ground level. VOCs bind with nitrogen oxides to make exhaust cloud, which can cause aggravation of the eyes, nose, and mouth, cerebral pains, discombobulation, vision unsettling influences, and memory misfortune in people, as well as cancer.
Comprehensive Analysis of Metallic Powder Coating Market
On the basis of resin type, the market bifurcation is generalized as polyurethane, epoxy polyester, epoxy and polyester. The segment holding a dominant share is termed as the epoxy polyester. On the categorization of process analysis, co-extrusion, dry blending and bonding are its classifications. The pigment analysis bifurcation is named as mica, aluminum and others. On the reference of application analysis, the market is categorized as leisure equipment, architectural, furniture, automotive and appliance.
Asia Pacific stands out leading globally at a valuation of USD 0.90 billion marking a mega metallic powder coating market share in the year 2020 and is expected to exhibit impressive worldwide development within the imminent a long time. Typically owing to a steady economy, rising expendable salary, and rising living guidelines in nations like China, Japan, Singapore, Malaysia, and Vietnam. The showcase is fueled by advancements in gracious development and tall request for compelling paints.
Companies have utilized different strategies to grow their market share, counting mergers & acquisitions, venture & development, and item improvement. Producers intensely contribute to R&D and depend on innovative headways to realize competitive advantage through item separation and low costs. A few of the key players working within the worldwide advertise are AkzoNobel Powder Coatings (The Netherlands), Axalta Coating Systems (U.S.), Jotun (Norway), PPG Industries, Inc. (U.S.), Sun Chemical (U.S.), c\Crescent Bronze Powder Co. (U.S.), SILBERLINE MANUFACTURING CO., INC. (U.S.) and TCI Powder (U.S.).
In February 2020, the company PPG marked a bargain to obtain Alpha Coating Advances, LLC, a powder coatings maker for light mechanical applications and heat-sensitive substrates. Subject to standard closing conditions, the bargain is planned to conclude within the to begin with quarter of 2020. The monetary points of interest were kept beneath wraps.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion) and Volume (Tons)
Segmentation
Resin Type; Process; Pigment; Application; and By Region
By Resin Type
Epoxy Polyester
Polyester
Epoxy
Polyurethane
Others
By Process
Bonding
Dry Blending
Co-Extrusion
By Pigment
Aluminum
Mica
Others
By Application
Architectural
Automotive
Appliance
Furniture
Leisure Equipment
Others
By Region
North America (By Resin Type, By Process, By Pigment, By Application)
- By Country
The U.S. (By Application)
Canada (By Application)
Europe (By Resin Type, By Process, By Pigment, By Application)-
Germany (By Application)
UK (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia & CIS (By Application)
Rest of Europe (By Application)
Asia Pacific (By Resin Type, By Process, By Pigment, By Application)-
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
ASEAN (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Resin Type, By Process, By Pigment, By Application)-
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
The Middle East & Africa (By Resin Type, By Process, By Pigment, By Application)-
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)Please Note: It will take 5-6 business days to complete the report upon order confirmation.