Powder coating market size worth USD 15.58 billion by 2023 - PowerPoint PPT Presentation

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Powder coating market size worth USD 15.58 billion by 2023

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Powder Coating Market Size is forecast to exceed 3,800 kilo tons by 2023, at 6.8% CAGR growth. Powder coatings market analysis report pegs USD 15.58 billion revenue target by 2023. Global powder coatings market share is moderately fragmented, with leading companies catering to under 40% of the overall demand for 2015. PPG, AkzoNobel, Axalta, and Sherwin Williams are notable market players. Other market participants include DuPont, BASF, Valspar, Nippon, Kansai, Jotun, Eastman, DIC Corporation, Arkema, Bayer, and Evonik. – PowerPoint PPT presentation

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Title: Powder coating market size worth USD 15.58 billion by 2023


1
Powder Coating Market Size, Share, Industry
Outlook Forecast 2016-2024
Powder coating market size worth USD 15.58
billion by 2023
2
Global Market Scenario of Powder Coating
Industry
  • Powder coating market size was 2.25 million tons
    in 2015, as per the latest research report by
    Global Market Insights, Inc. Consumer goods and
    automotive are the leading revenue generating
    applications for powder coating industry.
  • Powder coating market size is set to register USD
    15.58 billion by 2023. Favorable sales potential
    from domestic appliances including microwave
    ovens, freezer cabinets, and washing machines
    should instigate growth.
  • Global powder coatings market share is moderately
    fragmented, with leading companies catering to
    under 40 of the overall demand for 2015. PPG,
    AkzoNobel, Axalta, and Sherwin Williams are
    notable market players.
  • Other market participants include DuPont, BASF,
    Valspar, Nippon, Kansai, Jotun, Eastman, DIC
    Corporation, Arkema, Bayer, and Evonik.

3
Continue
  • Strong vehicle production growth in Brazil,
    Germany, China, and Malaysia are the driving
    factors across various applications which include
    door rims, handles, and under the hood
    components.
  • Automotive applications are forecast to witness
    maximum growth, with expectations of 7.2 CAGR up
    to 2023. Major automotive consumers include
    Chevrolet, Lincoln, Daimler-Chrysler, Dodge, and
    Mercedes-Benz to use this coating in the
    manufacturing process.
  • APAC powder coatings market size for furniture
    applications was more than 210 kilo tons for
    2015. Strong growth outlook in the Chinese metal
    furniture industry, owing to raw material
    availability may positively influence growth.
  • Raw material trends are a key industry driving
    factor, covering over 38 of total production
    cost. Balanced supply will be critical for
    favorable powder coatings market prices.
    Moreover, limited wastage and ability to recycle
    is another positive factor to foster product
    demand.

4
Request sample copy of Powder Coating Industry
report_at_ https//www.gminsights.com/request-sample/
detail/379
5
For Customization as per your requirement please
click_at_ https//www.gminsights.com/roc/379
Application Insights
  • Automotive powder coating market size was
    estimated at over 460 kilo tons in 2015, and 7.4
    growth expectation by 2023. Primary usage areas
    include shock absorbers, oil fuel filters,
    brake pads, engine block casings, battery trays,
    suspension components, radiators, wheels, grills,
    bumpers, door handles, roof racks, trailer
    hitches, and exterior and interior trim.
  • Key automobile manufacturers such as Lincoln,
    Chevrolet, Daimler-Chrysler, Mercedes-Benz and
    Dodge are using this coating as exterior body
    intermediate coat. Asia Pacific is the largest
    regional industry for these applications, with
    demand exceeding 204 kilo tons in 2015.
  • Consumer goods have been a high-volume
    application, accounting for over 22 powder
    coating industry share in 2015. Refrigerators,
    dryer drums, washer tops lids, AC cabinets,
    water heaters, vacuum cleaners, range housings,
    dishwashers, microwave cavities, and freezer
    cabinets are frequent usage channels for the
    industry.

6
Inquire For Buying Industry Report_at_
https//www.gminsights.com/inquiry-before-buying/3
79
Regional Analysis
  • North America, with over 80 demand coming from
    the U.S. powder coating market share, saw USD
    1.89 billion revenue in 2015. The region may lose
    market share on account of a long-time presence
    and awareness of liquid coatings meant for the
    architectural applications in the U.S.
  • Europe powder coatings market share is expected
    to 890 kilo tons by 2023. Principal factor
    driving the demand for powder coating is the
    surging automobile production in Germany,
    Hungary, Romania, Austria and UK with
    manufacturing base of automobile manufacturers
    such as Lincoln, Chevrolet, Daimler-Chrysler,
    Mercedes-Benz and Dodge. These companies have
    increased the use of powder coating as a
    replacement to liquid coating on account of
    adoption of REACH regulations to restrict VOC
    emission in coating process, crediting their
    carbon benefits.
  • APAC is the largest regional market, with revenue
    estimates of over USD 3.5 billion in 2015. Strong
    growth across automotive, infrastructure and
    consumer goods should aid demand, especially for
    powder coatings market share in India.
  • China powder coating market size accounts for
    over 40 regional demand in APAC.
  • MEA and LATAM are relatively under-developed
    markets and may provide significant opportunities
    for industry participants over the next decade.


7

Latest Research Report On Powder Coating Market_at_
https//www.gminsights.com/industry-analysis/powd
er-coating-market Request Sample copy of
this report_at_ https//www.gminsights.com/request-s
ample/detail/379 For Customization in this
report click_at_ https//www.gminsights.com/roc/379
8
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