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Powder Coatings Market is Estimated to Reach $15.0 Billion by 2026

Powder Coatings Market size is expected to garner $15.0 billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.

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Powder Coatings Market is Estimated to Reach $15.0 Billion by 2026

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  1. Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized Bed), and Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction & Earthmoving Equipment (ACE), General Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

  2. Introduction : Powder Coatings Market size is expected to garner $15.0 billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.  Powder coatings in automotive application segment occupied the major share in 2018 and is expected to maintain its lead throughout the analysis period. Powder coatings provides economical, long lasting, and durable quality finish for metal parts and products. It offers benefits such as superior durability, scratch resistance, gloss retention, and resistance to chalking. It is mainly used for applications on metal parts exposed to extreme weather conditions. It adheres to the AAMA specifications and is an ecofriendly process. Powder coating are cost-efficient, as they do not contain solvents and volatile organic compounds (VOCs). In addition, over-sprayed powder coating can be retrieved and recycled for use, thereby reducing cost.

  3. Segment Review Thermosets are used to coat appliances, as they are resistant to extreme temperatures. Leading companies in this powder coatings market have heavily invested in R&D activities to offer product customization as per the requirements of the end user industry. Supportive government policies have fueled the growing adoption of powder coatings especially thermoset powder coatings across end user industries during the forecast period. Electrostatic spray is the most adopted coating technique as it enables coating of intricate shapes and does not require preheating of components. This segment is expected to continue its dominance throughout the forecast period. Automotive segment dominated the global powder coating market with about 20% share in terms of revenue, in 2018. Appliances application for powder coating is expected to grow at the highest CAGR during the forecast period. Get Sample Report@ https://www.alliedmarketresearch.com/request-sample/1415

  4. Key Players: •  BASF SE • Akzo Nobel N.V. • Kansai Nerolac Paints Limited • Axalta Coating Systems • PPG Industries • Berger Paints • IFS Coatings • Tiger Coatings • The Valspar Corporation • Sherwin Williams. Read More: https://www.alliedmarketresearch.com/powder-coatings-market

  5. Key Benefits for Powder Coatings Market : • The report provides detailed examination about the driving and limiting factors of the powder coatings market, which would give a deeper understanding of the subject and help in analyzing the various resin types, coating method and applications of powder coatings. • The powder coatings market projections for the period 2019-2026 along with their impacting factors are included in the report. • The report helps in analyzing the various application segments, thus helping the stakeholders understand opportunities in the various fields of powder coatings market.

  6. About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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  8. Thank YouClick Here: https://www.prnewswire.com/news-releases/powder-coatings-market-to-reach-15-0-bn-globally-by-2026-at-5-4-cagr-allied-market-research-300960857.html

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