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DUBLIN , Aug. 15, 2022 /PRNewswire/ -- The "Powder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global powder coating market reached a value of US$ 13.31 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 18.8 Billion by 2027, exhibiting a CAGR of 5.92% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Powder coating refers to a high-quality, dry finishing technique wherein fine particles of paints are electro-statically charged and sprayed on various components to form a uniform layer of coat. It involves pre-mixing, melting, extrusion, cooling, crushing, classifying, and controlling epoxy, polyester resins, pigments, and brightening agents as some of the steps followed in the manufacturing process.

Powder coating aids in ensuring a polished finishing of different items, maintaining the gloss of product, and protecting machinery from corrosion, scratches, fading, and chipping.

Apart from this, powder coating is cost-effective and eco-friendly in nature, due to which it is extensively used for coating non-metallic substrates and household goods. At present, it is commercially available in thermoset, thermoplastic and polyvinylidene fluoride (PVDF) resin types. The widespread adoption of powder coating across various industrial verticals can be attributed to the increasing need for effective, non-volatile organic compounds and solvent-free coating formulations. This, in turn, represents a key factor driving the market growth.

In line with this, the rising environmental concerns have prompted governments of various countries to undertake green initiatives promoting the uptake of eco-friendly coating substances, such as powder coating, to minimize the instances of fire hazards, which is supporting the market growth.

Additionally, the ongoing construction activities and the continuous establishment of several commercial and residential buildings have further supplemented the deployment of powder coating for polishing or refinishing furniture and consumer electronics, such as refrigerators and door handles, which is acting as another growth-inducing factor.

Besides this, the increasing utilization of powder coating in the automotive industry for glazing wheel rims, structural components, radiator grills, bumpers, and horns are also propelling the market growth. Other factors, such as strategic collaborations amongst key players and extensive investments in research and development (R&D) activities to introduce high performance, anti-bacterial powder coating, are contributing to the market growth.

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Evonik Industries AG, Jotun A/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., SOMAR Corporation and The Sherwin-Williams Company. Key Questions Answered in This Report:

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Powder Coating Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Resin Type 6.1 Thermoset 6.1.1 Market Trends 6.1.2 Key Segments 6.1.2.1 Epoxy 6.1.2.2 Polyester 6.1.2.3 Epoxy Polyester Hybrid 6.1.2.4 Acrylic 6.1.3 Market Forecast 6.2 Thermoplastic 6.2.1 Market Trends 6.2.2 Key Segments 6.2.2.1 Polyvinyl Chloride (PVC) 6.2.2.2 Nylon 6.2.2.3 Polyolefin 6.2.2.4 Polyvinylidene Fluoride (PVDF) 6.2.3 Market Forecast 7 Market Breakup by Coating Method 7.1 Electrostatic Spray 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Fluidized Bed 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Application 8.1 Consumer Goods 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Appliances 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Automotive 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Architectural 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Agriculture, Construction and Earthmoving Equipment (ACE) 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 General Industries 8.6.1 Market Trends 8.6.2 Market Forecast 8.7 Others 8.7.1 Market Trends 8.7.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Akzo Nobel N.V. 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 Financials 14.3.1.4 SWOT Analysis 14.3.2 Axalta Coating Systems Ltd. 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.2.4 SWOT Analysis 14.3.3 BASF SE 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 Financials 14.3.3.4 SWOT Analysis 14.3.4 Berger Paints India Limited 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 Financials 14.3.4.4 SWOT Analysis 14.3.5 Covestro AG 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.5.3 Financials 14.3.5.4 SWOT Analysis 14.3.6 Evonik Industries AG 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.6.3 Financials 14.3.6.4 SWOT Analysis 14.3.7 Jotun A/S 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 SWOT Analysis 14.3.8 Kansai Paint Co. Ltd. 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 Financials 14.3.8.4 SWOT Analysis 14.3.9 KCC Corporation 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 Financials 14.3.10 Nippon Paint Holdings Co. Ltd. 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 Financials 14.3.10.4 SWOT Analysis 14.3.11 PPG Industries Inc. 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.11.3 Financials 14.3.11.4 SWOT Analysis 14.3.12 RPM International Inc. 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio 14.3.12.3 Financials 14.3.12.4 SWOT Analysis 14.3.13 SOMAR Corporation 14.3.13.1 Company Overview 14.3.13.2 Product Portfolio 14.3.13.3 Financials 14.3.14 The Sherwin-Williams Company 14.3.14.1 Company Overview 14.3.14.2 Product Portfolio 14.3.14.3 Financials 14.3.14.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/o7kvlm

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