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AMARILLO, TX , United States, Thu, 15 Sep 2022 04:49:05 / Comserve Inc. / -- Key Companies Covered in the Powder Coatings Market Research Report Are Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems LLC (U.S.), and other key market players.
The report covers the Global Powder Coating Market and also divides it on the basis of resin group, end-user industries, and region. The market data for these resin groups are given with respect to volume (thousand tons) and value ($million). The global market size by value of powder coating was estimated to be $8,782.30 million in 2022 and is projected to grow at a CAGR of about 6.54% between 2022 and 2031. The data mentioned in the report are based on the global demand for powder coatings.
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The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers, such as stringent government regulations; growth in the end-user industries such as appliances, automotive, metal furniture, and others. Technological advancements for powder coating is seen in Asia-Pacific, especially in China where the appliances and furniture industry is witnessing high growth. The economic slowdown in Western Europe and the U.S. also affected the economy of other developed countries and the price volatility in the past made the market more strained for the end-user industries.
The key companies in this market are Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems LLC (U.S.), BASF SE (Germany), Jotun A/S (Norway), Kansai Paint Company Limited (Japan), PPG Industries, Inc.(U.S.), The Valspar Corporation (U.S.), The Sherwin-Williams Company (U.S.) and Tikkurila OYJ (Finland). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments and expansions were the most preferred strategies of the top players in 2022 that were driving the demand of powder coating. Their strategy to capture the market in developing economies includes expansions and investments.
Scope of the report
The global powder coatings market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
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On the basis of resin group:
• Thermoset
• Thermoplastic
On the basis of end-user Industries:
• Architectural
• Appliances
• Automotive
• General Industrial
• Furniture
• Others
On the basis of region:
• North America
• Western Europe
• Asia-Pacific
• RoW
Related Reports:
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:
Lauren BrownShibuya Data Count
Email: sales@sdki.jp
Tel: +1 646 586 9123
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