Powder Coatings Market Analysis

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Powder Coatings Market Information by Resin type
(Thermoset and Thermoplastic), Coating type
(Electrostatic Spray Coating, Fluidized Bed
Coating, Electrostatic Fluidized Bed Process,
Flame Spraying), Substrate, Application and
Segment - Forecast 2017-2026
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Powder Coatings Market An Overview
According to a new report by Reports and Data,
the global Powder Coatings Market size was valued
at USD 11.78 Billion in 2019 and is forecast to
account for USD 19.45 Billion in terms of
revenue, delivering a CAGR of 6.2 through 2027.
The market growth is driven by escalating demand
for powder coatings from automotive,
shipbuilding, and pipeline industries, primarily
due to its impressive properties such as scratch
resistance, glossy look, and durability. The
powder-coating process entails the application of
electrostatically charged particles on top of the
surface of the substrate with the help of powder
coating equipment. As powder coatings are
composed of solid coating material in entirety,
applying a coating of a specific thickness can be
achieved with fewer applications of powder.
Powder coatings can be used on a variety of
substrates, including non-metallic or metallic
materials varying in thicknesses, colors,
textures, and finishes. As compared to
conventional liquid coatings, powder coatings can
be easily applied in much higher thicknesses
without dipping, sagging, and running. Powder
coatings are solvent-free coating systems that
release nearly negligible amounts of VOCs, making
it highly environmentally friendly as compared to
solvent-based liquid painting solvents. A
paradigm shift towards eco-friendly products will
supplement the powder coasting market share over
the forecast period. However, expenses in terms
of energy consumption and production cost may be
a hindrance to the market growth. .
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Powder Coatings Market Regional Outlook In
2019, The Asia Pacific region held the highest
market share and is likely to grow exponentially
through 2027 on account of the rising demand for
powder coating technologies in various end-use
industries, including electronics, automobiles,
and others. Europe is forecast to grow at 5.6
over the analysis period. North America is
anticipated to contribute significantly to the
market share, delivering a CAGR of 4.7 through
2027 on account of extensive product demand for
architectural applications in the United States.
Impact of COVID-19 on the Powder Coatings
Market The impact of the COVID-19 pandemic is
expected to be high in the Paints and Coatings
sector. This sector accounts for a major share of
the powder coatings market. The pandemic has led
to the temporary shutdown of various production
plants and the closing of business segments.
Also, the increased production value for
producing even small quantities of the product is
negatively impacting the industry growth. Free
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ta.com/sample-enquiry-form/1301
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Resin Type Outlook On the basis of resin type,
the market share is segmented into thermoplastic
and thermosets. The thermoset resin type segment
accounted for 60 of the market share in 2019
and is estimated to register a CAGR of 6.6
through 2027. Coating Type Outlook Based on
coatings type, the market size is bifurcated
among electrostatic spray coating, electrostatic
fluidized bed process, flame spraying, and
fluidized bed coating. The electrostatic spray
coating segment held 32 of the market share in
2019 and is experiencing high demand due to
better speed and finish quality. Application
Outlook In 2019, the consumer goods
applications accounting for 25 of the overall
revenue share. The automotive applications is
estimated to showcase the fastest CAGR of 7.6
through 2027 due to the exponential growth of the
automotive sector.
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Substrate Type Outlook On the basis of
substrate, the market is segmented into metallic,
non-metallic, and inter-metallic. The metallic
substrates segment accounted for nearly 70 of
the powder coatings market share due to high
product demand from the agricultural, automotive,
construction equipment, HVAC, electrical
industries, and outdoor furniture
industries. Get an Attractive Discount _at_
https//www.reportsanddata.com/discount-enquiry-fo
rm/1301 Key players contributing to the powder
coatings market share are PPG Industries,
Inc. The Sherwin-Williams Company Akzo Nobel
N.V. Axalta Coating Systems Nippon Paint
Holdings Co., Ltd. Kansai Paint Co., Ltd BASF
SE For the purpose of this report, Reports and
Data has segmented the Global Powder Coatings
Market on the basis of resin type, coating type,
substrate, application, and region
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Resin Type Outlook (Revenue, USD Billion
2017-2027) Thermoset o Polyester o Epoxy
Polyester Hybrid o Epoxy o Acrylic o Polyurethane
o Others (Fluoropolymer) Thermoplastic o Nylon o
Polyolefin o Polyvinyl Chloride
(PVC) o Polyvinyl Fluoride (PVF) Coating Type
Outlook (Revenue, USD Billion 2017-2027) Elect
rostatic Spray Coating Fluidized Bed
Coating Electrostatic Fluidized Bed
Process Flame Spraying
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• Substrate Outlook (Revenue, USD Billion
  2017-2027)
• Metallic
• o Nickel
• o Stainless Steel
• o Aluminum
• o Tribological Materials
• o Molybdenum
• o Titanium
• Non-metallic
• o Polymer
• Polytetrafluoroethylene
• Polyethylene
• Polyester
• o Ceramics
• Zirconia
• Titania
• Alumina
• Chromia

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• o Intermetallic
• Ti-Al
• Ni-Ti
• Ni-Al
• Fe-Al
• Complete Report Available _at_ https//www.reportsand
  data.com/report-detail/powder-coatings-market

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