Speaking about powder coating, this product was first introduced in North America. This is one type of dry finishing process. In this process, the powder is used on different types of products in the work of industrial finishing. Such coating is mainly preferred by various companies due to the coating’s amazing features. Some of the features are durable finish, higher quality, maximized production, streamlined environment compliance, and better efficiency. Besides, the coating can also be used as protective finish as well as decorative finish.
Rapid advancement in technology related to this coating has propelled the growth of this market. As per the latest report, this coating market is expected to enjoy a decent increase above USD 5 billion during the forecast period. This market report studies the entire market by the end-users, regions, and coating types. Besides, the research report offers in-depth insight into the market growth in terms of geography and critical players. The key players of the coating are no focusing on sustainability in order to lower the impacts on the environment.
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The latest environmentally friendly products have helped the key vendors to enjoy a competitive edge. Powder-coated products are resistant to chemicals, ultraviolet rays, impact, moistures, and other adverse conditions. As the powders are safe to use and for the environment, they are extensively used across different industrial applications. The demand for such powder coating is expected to increase due to growing demand for automotive parts, demand for such coating from the construction and furniture industry and more. These factors are triggering the growth of the market.
The major players in global Powder Coatings market include
Axalta Coating Systems
Kansai Paint Co., Ltd.
Nippon Paint Holdings Co., Ltd.
TCI Powder Coatings
IGP Pulvertechnik AG
Berger Paints India Limited
Asian Paints Limited
RPM International Inc.
Benjamin Moore & Co.
Global Market Segmentation of the Coating
The Global Powder Coating market is segmented on the basis of coating type, component, application, or end-use and regions. Based on the product type, it is segmented into thermoset and thermoplastic. On the basis of component, it is divided into the spry gun, oven, coating booth, and systems and sieving systems. Furthermore, the spray gun segment is again split into tribo gun and corona gun. By the end-use or application, this coating market is divided into construction, automotive, agriculture, consumer goods, indoor usage, architectural industry, aerospace industry, and more. Based on the statistical data presents in this report, it is forecasted that consumer appliances segment will witness the highest growth in the coming years.
Geographical Market Segment Analysis
The worldwide Powder Coating market, considering the geography, is segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In addition to this, the report also includes market information from different prominent countries. They are India, the United States, China, Japan, Brazil, the UK, Mexico, Canada, Australia, New Zealand, Italy, Germany, Russia, South Africa, GCC Countries, and more. The experts have estimated that the Asia Pacific region will dominate the market in the coming years. Some Asian countries, like China, Japan, and India exhibit a massive demand for such coating for automobile, decorative, construction, and other applications.
Forrest Technical Coatings recently has announced that soon, the company will launch some new pain systems in the coming years. Besides, in August 2019, the company launched its all-new website, which offers a better digital experience tailored to engineers, specifiers, and manufacturers seeking detailed information about specialty coating, general industrial, and high-temperature resistant coatings.
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