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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