2028 Global Powder Coatings Market Forecast: In-Depth Analysis of Size, Share, Trends, and Key Players



MarkNtel Advisors has thoughtfully curated the Global Powder Coatings Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.

What is the projected growth rate of the Global Powder Coatings Market during the forecast period?

The Global Powder Coatings market is anticipated to grow at a CAGR of around 5.27% during the forecast period, i.e., 2023-28.

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Global Powder Coatings Market Key Driver:

 

Transition of the Automotive Industry Towards Sustainability - The global inclination towards the adoption of clean & green solutions in the aftermath of climate change has been resulting in the growth of the electronic vehicle industry worldwide. Different countries, such as Germany, Brazil, India, etc., have been constantly engaged in building up their capabilities to manufacture electric vehicles. These countries are also taking several initiatives, like financial incentives, tax credits, etc., to raise the adoption rate of such vehicles to reduce the carbon footprint of their countries. Hence, this, combined with the rise in the percentage of environmentally responsible consumers, is pushing the growth of the automotive industry. 

Further, continuous technological advancements in the automotive industry to explore different technologies such as lithium batteries, ethanol-blended fuel, and others, as well as the integration of such vehicles with other advanced technologies like renewable energy, would lead to the growth of the automotive industry, thus influencing the demand in the market during the forthcoming period.

Segmentation Analysis of Global Powder Coatings Market:

The report has segmented the market into the following categories:

-By Resin Type

-Eopxy

-Acrylic

-Polyurethane

-Polyester

-Polyvinyl Chloride

-Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)

- By Method of Coating

-Electrostatic Spray Deposition (ESD)

-Fluidized bed

-Others (Flame Spray, Electrostatic bed fluidized process, etc.)

-By Application

-Architectural         

-Furniture

-Automotive

-General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)

-Appliances (Consumer Electronics, Home Appliances, etc.)

-Others

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-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Competitive Landscape with Key Player:

-PPG Industries Inc.

-Akzo Nobel N.V.

-Axalta Coating System

-Sherwin-Williams Company

-Jotun Group

-RPM International Inc.

-Arkema S.A.

-Nippon Paint Holdings

-IGP Powder Coatings

-3M

-Tiger Coatings GmbH & Co.KG

-Kansai Nerolac Paints Ltd.

-A & I Coatings

-Others

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