Wilmington, Delaware, United States, March 23, 2017 (GLOBE NEWSWIRE) -- The report “World Powder Coatings Market - Opportunities and Forecasts 2022”, available on MarketIntelReports, estimates that Asia-Pacific’s market domination will last till the end of the forecast period in 2022.
Browse 99 Market Tables as well as 41 Figures which are spread through 120 Pages and an in-depth TOC on the “Powder Coatings Market Forecast 2022” http://www.marketintelreports.com/report/allied0035/world-powder-coatings-market--opportunities-and-forecasts-20142022s
Scope & Regional Forecast of the Powder Coatings Market
Powder coatings possess significant durability and superior properties such as resistance to scratching, corrosion, abrasion, and chemicals. Powder coatings overspray can be reused leading to maximum utilization and cost cutting. There are no solvents in powder coatings, and therefore they offer maximum compliance with the increasing environment regulations, leading to their increasing acceptance over liquid coatings. The global powder coatings market is estimated to reach $12,332 million by 2022, with a CAGR of 5.4% from 2016 to 2022.
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Growing adoption, coupled with government support, is the key driving factor of the market during the forecast period. In addition, technological advancements and growth in application industries, such as appliances, automotive, furniture, and medical, supplement the world market for powder coatings. However, difficulty in applying thin coats may impede the growth, owing to the emergence of any cost alternative product into the market.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. In the year 2015, Asia-Pacific occupied the largest share in the global powder coatings market, with China and India as major countries contributing to the growth. Increasing population and rising adoption of solvent-free and volatile organic compound (VOC) free coatings are significant factors leading to the growth of the market in the Asia-Pacific region.
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Prominent Segmentations Involved in the Powder Coatings Market
The Powder Coatings Market can be broken down into various segmentations on the basis of -
- Resin Type: Thermoset, Epoxy, Polyester, Epoxy Polyester Hybrid, Acrylic, Thermoplastic, Polyvinyl Chloride (PVC), Nylon, Polyolefin and Polyvinylidene Fluoride (PVDF).
- Coating Method: Electrostatic Spray and Fluidized Bed.
- Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, and Earthmoving Equipment (ACE), General Industrial and Others (Gas Tanks, Pipelines).
- Geographical Location: North America, Europe, Asia-Pacific and LAMEA.
Some of the sample companies profiled in the Powder Coatings Market report are as follows:
- AkzoNobel N.V.
- PPG Industries
- Sherwin Williams
- BASF SE
- Axalta Coating Systems
- Kansai Nerolac Paints Limited
- Berger Paints
- IFS Coatings
Why buy this report?
- Get a detailed picture of the Powder Coatings Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A eight-year forecast method is used in order to assess how the market is predicted to develop.
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