Metallic Powder Coatings Market Key Players and Production Information Analysis by Forecast 2020–2028, Fortune Business Insights™
The global metallic powder coating market size is expected to experience exponential
growth by reaching USD 2.91 billion by 2028. This information is published by
Fortune Business Insights in its report, titled “Metallic Powder Coating Market, 2021-2028.”
The report further observes that the metallic
powder coating market stood at USD 1.75 billion in 2020 and is likely to exhibit a CAGR of 6.5% between
2021 and 2028. This is attributable to the increasing demand for advanced
metallic coating in powder across the wood industry and the rising residential
sector globally.
COVID-19 has resulted in several economies facing unprecedented loss.
Owing to the lockdown announced by the government agencies globally, several
manufacturing facilities have been at a standstill with limited operational
activities. However, a collective effort from the government and the industries
to bring the economy back is expected to boost the market growth during the
forecast period.
Market
Segmentation:
Based on the
resin type, the market is divided into epoxy polyester, polyester, epoxy,
polyurethane, and others. On the basis of process, the market is trifurcated
into bonding, dry blending, and co-extrusion. On the basis of pigment, the
market is classified into aluminum, mica, and others. Furthermore, based on
application, the market is segregated into architectural, automotive,
appliance, furniture, leisure equipment, and others. Lastly, on the basis of
region, the market is categorized into Asia-Pacific, Europe, North America,
Latin America, and the Middle East and Africa.
What does the Report Provide?
The market report provides an in-depth analysis of
several factors such as the key drivers and restraints that will impact growth.
The report further provides insights into the regional analysis covering
different regions, contributing to the market growth. It includes the
competitive landscape that involves the leading companies and the adoption of
strategies to introduce new products, announce partnerships, and collaborate to
further contribute to the market growth. Moreover, the research analyst has
adopted several research methodologies such as PORTER’s Five Point analysis to
obtain information about the current trends and industry developments that will
drive the market growth between 2021 and 2028.
Browse
summary:
https://www.fortunebusinessinsights.com/metallic-powder-coating-market-105319
DRIVING
FACTORS
Increasing Demand from
Wood Industry to Promote Growth
There is a growing trend of the application of
innovative powder coatings in the wood industry is gaining traction. These
coatings are used to improve spraying technology and reduce the curing
temperature. Besides, they aid in minimizing water loss and drastic size
changes in wood components while ensuring bright color effects and high gloss.
The growing adoption of UV-curable coatings owing to their great film
flexibility and good adhesion property, coupled with all-round protection
against corrosion, is leading to high demand from the wood sector. Moreover,
the rising residential sector propels the demand for advanced powder coatings
globally. Therefore, these factors are expected to boost the global metallic
powder coatings market growth during the foreseeable future.
Further Report Findings:
·
Asia Pacific stood at USD 0.90 billion in 2020
and is expected to hold the largest global metallic powder coating market share in the forthcoming years. This is
owing to the increasing focus on the development of the commercial and
residential sector in countries such as Malaysia,Japan,China,India, and
Indonesia.
·
The market in North America is anticipated to
experience significant growth owing to the increasing focus on facility
expansion by automobile manufacturers that will propel the demand for advanced metallic powder coatings to protect the
surface from corrosion and abrasion in the region between 2021 and 2028.
·
Based on
application, the architectural segment is expected to hold a significant market
share backed by the increasing adoption of advanced metallic powder coatingsby
building contractors to ensure long-term exterior finishes for public works
programs and outdoor venues.
COMPETITIVE
LANDSCAPE
Product Innovation by
Key Players to Amplify Their Market Positions
The market is fragmented by
the presence of key players that are striving to establish their footprint by
developing innovative metallic powder coating to cater to the growing demand from industrial applications such as
automotive, wood, construction, and others.
Moreover, other companies are focusing on maintaining their presence by
adopting strategies such as collaboration, merger and acquisition, and
partnership that will bode well for the growth of the market in the forthcoming
years.
Industry Development:
·
March 2019
– Sun Chemical Output Pigments introduced Benda Lutz COMPAL PC, a highly concentrated aluminum formulation for
powder coatings. The company reports that the product is available in a
revolutionary pelletized shape. Besides, it practically removes dusting to ease
machine clean-up and improve worker visibility.
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a sample PDF file:
List
of the Companies Operating in the Global Market:
·
Sun Chemical (New Jersey, U.S.)
·
TCI Powder (Georgia, U.S.)
·
PPG Industries, Inc. (Pennsylvania,
U.S.)
·
AkzoNobel Powder Coatings (Amsterdam,
Netherlands)
·
Axalta Coating Systems (Pennsylvania, U.S.)
·
TIGER Coatings GmbH & Co. KG (Wels,
Austria)
·
Berger Paints India Limited (West Bengal,
India)
·
SILBERLINE MANUFACTURING CO., INC.
(Pennsylvania, U.S.)
·
CTC Powder Coating (Heybridge, UK)
·
AVL Metal Powders nv (Belgium, Europe)
·
Carl Schlenk AG (Roth, Germany)
·
Crescent Bronze Powder Co. (Wisconsin,
U.S.)
·
Jotun (Sandefjord, Norway)
·
Other Key Players
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