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A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Powder Coatings Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Powder Coatings Market Definition:
Powder coating is a dry finishing process in which powder material made from different resins is applied to a surface & is then cured under heat to provide an even coating. This process is suitable for various materials, including metals, plastics, glass, and medium-density fiberboard. It is used for both functional & decorative surface coatings in a wide range of colors, finishes, and textures.
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Global Powder Coatings Market Insights:
The Global Powder Coatings market is anticipated to grow at a CAGR of around 5.27% during the forecast period, i.e., 2023-28.
Global Powder Coatings Market Driver:
Transition of the Automotive Industry Towards Sustainability – The global inclination towards the adoption of clean & green solutions in the aftermath of climate change has been resulting in the growth of the electronic vehicle industry worldwide. Different countries, such as Germany, Brazil, India, etc., have been constantly engaged in building up their capabilities to manufacture electric vehicles. These countries are also taking several initiatives, like financial incentives, tax credits, etc., to raise the adoption rate of such vehicles to reduce the carbon footprint of their countries. Hence, this, combined with the rise in the percentage of environmentally responsible consumers, is pushing the growth of the automotive industry.
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Further, continuous technological advancements in the automotive industry to explore different technologies such as lithium batteries, ethanol-blended fuel, and others, as well as the integration of such vehicles with other advanced technologies like renewable energy, would lead to the growth of the automotive industry, thus influencing the demand in the market during the forthcoming period.
Global Powder Coatings Market Leading Key Players:
PPG Industries Inc., Akzo Nobel N.V., Axalta Coating System, Sherwin-Williams Company, Jotun Group, RPM International Inc., Arkema S.A., Nippon Paint Holdings, IGP Powder Coatings, 3M, Tiger Coatings GmbH & Co.KG, Kansai Nerolac Paints Ltd., A & I Coatings, Others
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Global Powder Coatings Market Segmentation:
Based on Resin Type
– Eopxy
– Acrylic
– Polyurethane
– Polyester
– Polyvinyl Chloride
– Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)
Based on Method of Coating
– Electrostatic Spray Deposition (ESD)
– Fluidized bed
– Others (Flame Spray, Electrostatic bed fluidized process, etc.)
Based on Application
– Architectural
– Furniture
– Automotive
– General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)
– Appliances (Consumer Electronics, Home Appliances, etc.)
– Others
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Global Powder Coatings Market Geographical Analysis
By Region
– North America
– South America
– Europe
– Middle East & Africa
– Asia-Pacific
Recent Development of Global Powder Coatings Market:
2023: AkzoNobel launched its Interpon D powder coatings for architects & designers in India. This was done to fulfil the rising demand of stone effect finish & terracotta finish in India.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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