Global Powder Coatings Market 2023-2027
The powder coatings market is forecasted to grow by USD 4.19 bn during 2022-2027, accelerating at a CAGR of 5.2% during the forecast period. The report on the powder coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by powder coatings have very low long-term costs, achieve a uniform color tone throughout metal, and increase demand for powder coatings from the automotive industry.
Technavio's powder coatings market is segmented as below:
- By End-user
- Consumer appliances
- Automotive
- Architecture
- Furniture
- Others
- By Type
- Thermoset
- Thermoplastic
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increased durability of powder coatings as one of the prime reasons driving the powder coatings market growth during the next few years. Also, protective layer against corrosion, scratches/cracks, and fading and advantages of powder coatings will lead to sizable demand in the market.
The report on the powder coatings market covers the following areas:
- Powder coatings market sizing
- Powder coatings market forecast
- Powder coatings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading powder coatings market vendors that include Akzo Nobel NV, American Powder Coatings Inc., Arkema Group, Asian Paints Ltd., Axalta Coating Systems LLC., BASF SE, Berger Paints India Ltd., Covestro AG, FERRO South Africa PTY LTD., Fortunecoat Industries Pvt. Ltd., Jotun AS, Kansai Paint Co. Ltd., Keyland Polymer Material Sciences LLC, Liberty Coatings LLC, PPG Industries Inc., RPM International Inc., Solvay SA, The Sherwin Williams Co., VITRACOAT, and Wacker Chemie AG. Also, the powder coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.