Global Powder Coatings Market to Accrue Exponentially by 2030 Registering a Substantial CAGR between 2022 to 2030; Confirms MRFR

Overview 

The global powder coatings market, during the forecast period 2022-2030, will register growth at a CAGR of 7.2%. The market for powder coatings is set to reach USD 18.1 Billion by 2030. As per market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing demand in the end-use industries including automotive, consumer goods & appliances, and aerospace as well as new application of powder coatings in the automotive sector. However, the powder coatings market will face challenges and restraints due to growing concerns regarding the environment and environmental challenges during the forecast period 2022-2030. 

Increasing demand from various end-user industries in the market is set to play a key role in determining the growth potential during 2022–2030 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across resin type, coating method, substrate, and application segments, factors such as the challenges associated with thin films could slow down the powder coatings market growth worldwide. 

Market Segmentation 

The powder coatings market has been segmented into resin type, coating method, substrate, and application. Based on the segment which is resin type, the market is categorized on the basis of thermoset and thermoplastic. The global market for powder coatings is further segmented based on coating method into electrostatic fluidized bed process, electrostatic spray coating, flame spraying, and fluidized bed coating. Furthermore, the market, on the basis of substrate  is segmented into metal and non-metal. Based on the segment which is application, the market is categorized on the basis of architecture & furniture, automotive & transportation, construction equipment, consumer goods & appliances, and others.  

The global market research report covers all the aspects of the market based on the segmental analysis of these resin type, coating method, substrate, and application segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The resin type, coating method, substrate, and application segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the powder coatings market. 

Regional Overview 

Concerns regarding the management of wastewater may hinder the market growth. The market research report suggests that companies in the market could be supported by the increasing investment in the automotive sector as well as the rising requirement for coating of chassis and other vehicle parts during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for powder coatings during the forecast period 2019–2025. As per market analysts, the market is set to witness tremendous growth across consumer goods & appliances and electrostatic spray coating segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report. 

The powder coatings market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the powder coatings market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others. 

Competitive Landscape 

Powder coatings have seen increased demand over the years, due to increasing technological advancements  and the rapid expansion of the automotive sector. Companies functioning in the global powder coatings market are also being challenged due to various state and local environmental regulations and the complications associated with obtaining thin films. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2019–2025. As the market is set to register a high CAGR of 6.38% and is also anticipated to reach a US$17,544.5 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2019–2025.  

Industry News 

Acquisition of Stahl Performance Podder Coatings and its collection of heat sensitive substrates has been completed by AkzoNobel. This offer allows the organisation fast access to innovative low-curing technologies that opens up new markets. AkzoNobel's market ready application in the epoxy coatings sector is really the only of its kind. It requires both UV and heat treatment plants and enables the business to enter the ultra-low (80-100 °C) sector, creating new markets for application of powder to membrane surface such as MDF, plasterboard, thermoset and composite materialsAccess Report Details @ powder coatings market size