The Global Powder Coatings Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of Global Powder Coatings Market for Global, Europe, North America, Asia Pacific and South America.

Global Powder Coating Market is expected to grow at a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation:

Global Powder Coatings Market – Industry Trends and Forecast to 2025

• By Resin Type (Thermoset, Thermoplastic),
• By Substrate (Metallic, Non-Metallic),
• By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, Flame Spraying),
• By End-Use Industry (Appliances, Automotive, General Industrial, Architecture, Furniture),
• By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

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Drivers:

Increasing technological advancements, growth of stringent environment regulations and rising applications across end-user industries are driving the market.

STRINGENT REGULATIONS ON USAGE OF TRADITIONAL SOLVENT BASED COATINGS

Increasing regulatory demands on the coatings industry’s spurred the new development of new formulation strategy. The demand for coating had increased as green certification was also in the spotlight, and volatile organic compound (VOC) content is the only criterion being used to measure a coating’s success. Volatile Organic Compound (VOC) and Hazardous Air Pollutant (HAP) compounds present in traditional solvent based coatings require regulation at different levels which includes Federal, State, and local levels. For the traditional solvent based coating various regulations are formulated such as VOC Regulations, HAP Regulations, conflict minerals update, ACA submits comments to OSHA on Respirable Crystalline Silica Proposed Rule permits the regulation the VOC content of coating and others.

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Advantages of powder coating in Industries are:-

• Maximize production
• Thick coatings are easily possible
• Over-spray (up to 98%) can be retrieved and reused

Mention below is some of the manufacturing industries using powder coating:-

In automotive industry, the powder coating is used for many areas including decorative trim, truck beds, accent parts, filters, radiators, hubcaps, bumpers, door handles and others. With the advancement of technology the clear powder topcoat is used to increase protection. The clear powder coats used over automotive exterior basecoats, Chrysler, Ford, and GM are testing powder coating technique and Volvo and BMW are using powder coating on modern models of cars.

Major Players:

Some of the prominent participants operating in this market are

• Asian Paints,
• Berger Paints India Limited,
• Cloverdale Paint Inc.
• Diamond Vogel,
• Evonik Industries,
• Hentzen Coatings Inc.
• Jotun,
• Kansai Paint Co. LTD.
• Marpol Private Limited,
• Rpm International Inc.
• Somar,
• The Sherwin-Williams Company,
• Wacker Chemie AG,
• 3M,
• Among others.

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