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Powder Coating Market to reach USD 19.73 Bn. by 2029 at a CAGR of 4.2 percent during the forecast period: Investment Opportunities, Eco-friendly Products and Technological Advancements

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Powder Coating Market to reach USD 19.73 Bn. by 2029 at a CAGR of 4.2 percent during the forecast period: Investment Opportunities, Eco-friendly Products and Technological Advancements

December 07
02:55 2022
Powder Coating Market to reach USD 19.73 Bn. by 2029 at a CAGR of 4.2 percent during the forecast period: Investment Opportunities, Eco-friendly Products and Technological Advancements
Powder Coating Market
Powder Coating Market size was valued at USD 14.2 Bn. in 2021 and the total global Powder Coatings revenue is expected to grow by 4.2% in forecast period to reach USD 19.73 Bn. in 2029. The report has covered the market growth rate by year and region with the penetration in end user segments.

Pune, 6, Dec2022: Maximize Market Research is a leading material and chemical research firm that has delivered a detailed analysis of the Powder Coating Market The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 14.2 Billion in 2021 to USD 19.73 Billion by 2029 at a CAGR of 4.2 percent during the forecast period from 2022 to 2029. 

Powder Coating Market Scope and Research Methodology

The report is an analysis of the Powder Coating Market, covering all the major highlights and trends in the market. The report includes local, regional and global analysis of the Powder Coating Market. To understand the underlying factors that have an impact on the Powder Coating Market, the report focuses on analysing the drivers, challenges, restraints and opportunities prevailing in the market. This helps new entrants to get a picture of the opportunities in the Powder Coating Market along with the capital required, investment opportunities, market penetration, demand analysis and pricing analysis.

For the competitive analysis, key players and new entrants in the Powder Coating Market are listed by various classifications of the region, revenue, financial status, portfolio, technological advancements adopted, fierce marketing strategies, social media presence, mergers and acquisitions, joint ventures and strategic alliances. The analysis aids stakeholders, new entrants, investors, entrepreneurs, researchers, market players and followers for an easy comparison of various elements of the market, presenting future outlook with expected trends and risks in the market.

For a segment-wise analysis of the Powder Coating Market, it was divided by Type, Resin, Coating Method, End-Use Industry and Region for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments.

A mix of qualitative and quantitative analysis is used to derive conclusions from the set of data. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, manufacturers and marketing professionals were included in the primary methods. Secondary data was collected from trustworthy sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.

Research tools such as SWOT, PESTLE and Porter’s Five Force analysis were used for the market analysis. SWOT gives an overview of the strengths, weaknesses, opportunities and threats in the Powder Coating Market. Pestle gives a brief about the external factors affecting the market such as the economic state, political changes, technological advances and so. It also helps understand the potential risks and dangers that might harm the market. The report on Powder Coating Market thus encompasses all the major factors affecting the market with recommendations, providing a detailed analysis of the Powder Coating Market.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @all https://www.maximizemarketresearch.com/request-sample/13419 

Powder Coating Market Overview

Powder coating is a dry finishing process that is based on a polymer resin system that is aided with curatives, pigments, levelling agents and other additives. It is extensively used in the industrial finishing market in a wide range of products. There are two finishes, protective and decorative which enhance the durability and finish of the products. The ingredients are melted, mixed and cooled for a uniform finish.

Powder Coating Market Dynamics

The growth of the industry is on account of increased end-use industry applications which include automotive, appliances, furniture, architectural and general industrial works. Research and development in the market are improving its efficiency and durability, making it popular in the global market. The coating is also used on doors, handles, shock absorbers and many more. This increasing application is expected to drive the growth of the Powder Coating Market.

Trends to reduce carbon emissions have been on the rise with consistent efforts from major industries. Since Powder Coating Market does not contain volatile organic compounds, (VOCs) it is preferred over other alternatives. This results in less pollution and leads to safer storage and handling of the ingredients. Laws and regulations pertaining to the usage of specific ingredients to reduce emissions push manufacturers to use alternative sources. Such regulations are expected to drive the Powder Coating Market growth over the forecast period.

Powder Coating Market Regional Insights

The Asia-Pacific region held the largest share of about 42 percent in 2021 and is expected to grow at a rate of 4.2 percent over the forecast period. This large share is because of the shift of manufacturers from North American and European markets to the Asia-Pacific region. The region is also expecting growth on account of the growing construction industry and economic growth in the region. The eco-friendly nature of the coating and the aesthetic value it adds is expected to drive the regional growth of the Powder Coating Market.  

Powder Coating Market Segmentation: 

By Type: 

  • Thermoset
  • Thermoplastic

By Resin: 

  • Epoxy
  • Polyester
  • Epoxy-Polyester (Hybrid)
  • Acrylic
  • Polyurethane
  • Others

By Coating Method:

  • Electrostatic Spray
  • Fluidized Bed
  • Others (Electrostatic Fluidized Bed Process and Flame Spraying)

By End-Use Industry: 

  • Appliances
  • Automotive
  • General Industrial
  • Architectural
  • Furniture
  • Other (Oil & Gas, Biopharma, Wastewater, Pipes, Fittings, Filters, Flanges, Valves and Tanks)

Powder Coating Market Segmentation: 

  • Akzo Nobel N.V
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • BASF SE
  • DSM
  • Valspar
  • Arkema S.A.
  • Bayer AG
  • Axalta coating systems
  • Jotun
  • Tiger Coatings
  • KAPCI Coatings
  • Kansai Paint Co., Ltd
  • Nippon Paint Holdings Co., Ltd.
  • The Valspar Corporation
  • Berger Paints India Limited
  • Asian Paints Limited
  • Kansai Nerolac Paints Limited
  • SOMAR
  • RPM International Inc.
  • DuluxGroup Limited
  • Marpol Private Limited

To remain ‘ahead’ of your competitors, request for a sample @ https://www.maximizemarketresearch.com/request-sample/13419 

Key questions answered in the Powder Coating Market are: 

  • What is Powder Coating? 
  • What is the current growth rate of the Powder Coating Market?  
  • What is the growth rate of Powder Coating Market for the forecast period? 
  • What is the nature of competition in Powder Coating industry in developed and developing economies? 
  • Who are the key players in the Powder Coating Market?
  • Who are the market leaders in Powder Coating in Europe?
  • Who are the market leaders in Powder Coating in USA and Canada?
  • Who are the market leaders in Powder Coating in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Powder Coating Market? 
  • Who held the largest market share in Powder Coating Market? 
  • What are the factors for the growth of Asia-Pacific region in Powder Coating Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Resin, Coating Method, End-Use Industry and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading material and chemical research firm, has also published the following reports:

Waterborne Coatings MarketThe Waterborne Coatings Market size is expected to reach USD 109.39 billion by 2029 at a CAGR of 3.8 percent during the forecast period. The Waterborne Coatings Market is expected to be driven by strict environmental regulations and awareness of VOC-free coatings 

Co-Polymer Sealant MarketThe Co-Polymer Sealant Market size is expected to reach USD 790 million by 2029 at a CAGR of 7.5 percent during the forecast period. The Co-Polymer Sealant Market is expected to be driven by increasing demand for hybrid resins in the manufacturing of adhesives and consistent demand from packaging and food and beverage industry. 

Corrosion under Insulation and Spray-on Insulation Coatings Market –The Corrosion under Insulation and Spray-on Insulation Coatings Market size is expected to reach USD 2.78 billion by 2029 at a CAGR of 4.8 percent during the forecast period. The Corrosion under Insulation and Spray-on Insulation Coatings Market is expected to be driven by from petroleum refineries and chemical industries. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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