Description
Global Powder Coatings Market Research Report—Forecast till 2025
Market Overview
Global Powder Coatings Market is anticipated to exhibit significant growth during the review period. The market was evaluated for USD 11,256.3 Million in 2018 and is expected to witness a CAGR of 6.38% to surpass USD 17,544.5 Million by the end of 2025. In this type of coating, the nicely ground particles of color and resins are electrostatically charged applied on electrically grounded parts. The process of application of powder coating on a metal surface is known as electrostatic spray deposition (ESD). Powder-coated products are applicable to reduce scratches, abrasions, chipping, fading, corrosion, and other wear issues. Owing to these factors, the powder coating market is expected to attain significant expansion during the review period.
The global powder coating market is expected to register incredible market expansion owing to the rising requirement for powder coatings in the end-use industries, including consumer goods & appliances, automotive, aerospace, electronics, construction, and furniture. However, the excessive manufacturing cost because of its energy-intensive manufacturing process and complicated process of forming thin films with powder coatings are expected to restrain the global market growth. Nevertheless, the accelerating automotive and electronics industries in various countries across Asia-Pacific, such as China, Japan, India, and Singapore, are expected to surge the demand for powder coatings and create attractive opportunities for major players. Furthermore, the growth of the market is driven by the increasing application of powder coatings in the consumer goods and automotive industries due to the anti-corrosive and high abrasion property that protects metallic and non-metallic substrates.
Market Segmentation
Global Powder Coatings Market has been categorized into Substrate, Resin Type, Coating Method, Application, and Region.
In terms of substrate, the global powder coatings market has been bifurcated into metal and non-metal. Depending on the resin type, the powder coatings market has been subdivided into thermoset and thermoplastic.
The coating method categorizes the global market into electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process, and flame spraying. By application segment, the global powder coatings market has been segregated into consumer goods & appliances, automotive & transportation, architecture & furniture, construction equipment, and others.
Regional Analysis
The region-specific analysis of the Global Powder Coatings Market is spread across Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
In 2018, Asia-Pacific contributed the highest market of approximately 50%, and it is expected to command the market to register a significant CAGR of around 7.0% during the projected timeframe. Besides, the market in the Middle East & Africa is anticipated to exhibit the second-highest CAGR of over 6.5% owing to the fastest-growing automotive and construction industry in the region.
Major Players
Some of the prominent players operating in the global market are Axalta Coating Systems Ltd (US), Nippon Paint Holdings Co., Ltd (Japan), TCI Powder (US), DSM (Netherlands), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Jotun (Norway), Asian Paints PPG Pvt. Limited (India), Kansai Paint Co., Ltd (Japan), and Berger Paints India Limited (India).
COVID 19 Impact
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 25
1.1.1 GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE 26
1.1.2 GLOBAL POWDER COATINGS MARKET, BY RESIN TYPE 27
1.1.3 GLOBAL POWDER COATINGS MARKET, BY COATING METHOD 28
1.1.4 GLOBAL POWDER COATINGS MARKET, BY APPLICATION 29
1.1.5 GLOBAL POWDER COATINGS MARKET, BY REGION 30
2 MARKET INTRODUCTION
2.1 DEFINITION 31
2.2 SCOPE OF THE STUDY 31
2.3 MARKET STRUCTURE 32
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 33
3.2 PRIMARY RESEARCH 34
3.3 SECONDARY RESEARCH 35
3.4 MARKET SIZE ESTIMATION 35
3.5 TOP DOWN & BOTTOM UP APPROACH 36
3.6 FORECAST MODEL 37
3.7 LIST OF ASSUMPTIONS 38
4 MARKET DYNAMICS
4.1 INTRODUCTION 39
4.2 DRIVERS 41
4.2.1 GROWING PRODUCT DEMAND IN THE PAINTS & COATING INDUSTRY 41
4.2.2 WIDENING APPLICATION SCOPE IN END-USE INDUSTRIES 42
4.2.3 DRIVERS IMPACT ANALYSIS 43
4.3 RESTRAINT 44
4.3.1 HIGH COST AND COMPLEXITIES IN THE MANUFACTURING PROCESSES 44
4.3.2 RESTRAINT IMPACT ANALYSIS 44
4.4 OPPORTUNITY 45
4.4.1 DEMAND FOR LOW-VOC COATING AMONG END USERS 45
4.5 CHALLENGES 45
4.5.1 COMPETITION FROM LIQUID COATINGS 45
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 46
5.1.1 RAW MATERIAL SUPPLIERS 47
5.1.2 PRODUCERS 47
5.1.3 DISTRIBUTION CHANNEL 47
5.1.4 END USERS 47
5.2 PORTER’S FIVE FORCES MODEL 48
5.2.1 THREAT OF NEW ENTRANTS 49
5.2.2 RIVALRY 49
5.2.3 THREAT OF SUBSTITUTES 49
5.2.4 BARGAINING POWER OF SUPPLIERS 49
5.2.5 BARGAINING POWER OF BUYERS 50
5.3 PRICING ANALYSIS, BY REGION (USD/TON) 50
5.4 IMPACT OF COVID-19 ON THE GLOBAL POWDER COATINGS MARKET 50
6 GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE
6.1 INTRODUCTION 52
6.2 METAL 54
6.3 NON-METAL 55
7 GLOBAL POWDER COATINGS MARKET, BY RESIN TYPE
7.1 INTRODUCTION 57
7.2 THERMOSET 59
7.2.1 EPOXY POLYESTER HYBRID 61
7.2.2 POLYESTER 62
7.2.3 EPOXY 63
7.2.4 POLYURETHANE 64
7.2.5 ACRYLIC 65
7.2.6 OTHERS 66
7.3 THERMOPLASTIC 67
7.3.1 POLYVINYL CHLORIDE (PVC) 68
7.3.2 NYLON 69
7.3.3 POLYOLEFIN 70
7.3.4 POLYVINYL FLUORIDE (PVF) 71
8 GLOBAL POWDER COATINGS MARKET, BY COATING METHOD
8.1 INTRODUCTION 73
8.2 ELECTROSTATIC SPRAY COATING 75
8.3 FLUIDIZED BED COATING 77
8.4 ELECTROSTATIC FLUIDIZED BED PROCESS 78
8.5 FLAME SPRAYING 80
9 GLOBAL POWDER COATINGS MARKET, BY APPLICATION
9.1 INTRODUCTION 81
9.2 CONSUMER GOODS & APPLIANCES 83
9.3 AUTOMOTIVE & TRANSPORTATION 85
9.4 ARCHITECTURE & FURNITURE 86
9.5 CONSTRUCTION EQUIPMENT 88
9.6 OTHERS 89
10 GLOBAL POWDER COATINGS MARKET, BY REGION
10.1 INTRODUCTION 91
10.2 NORTH AMERICA 99
10.2.1 US 106
10.2.2 CANADA 111
10.3 EUROPE 117
10.3.1 GERMANY 124
10.3.2 RUSSIA 129
10.3.3 UK 135
10.3.4 ITALY 140
10.3.5 FRANCE 146
10.3.6 NETHERLANDS 152
10.3.7 SPAIN 158
10.3.8 POLAND 163
10.3.9 REST OF EUROPE 169
10.4 ASIA-PACIFIC 173
10.4.1 CHINA 180
10.4.2 JAPAN 186
10.4.3 INDIA 191
10.4.4 SOUTH KOREA 197
10.4.5 AUSTRALIA & NEW ZEALAND 202
10.4.6 INDONESIA 208
10.4.7 THAILAND 213
10.4.8 REST OF ASIA-PACIFIC 219
10.5 LATIN AMERICA 224
10.5.1 MEXICO 231
10.5.2 BRAZIL 237
10.5.3 ARGENTINA 242
10.5.4 REST OF LATIN AMERICA 248
10.6 MIDDLE EAST & AFRICA 253
10.6.1 GCC COUNTRIES 260
10.6.2 ISRAEL 266
10.6.3 SOUTH AFRICA 271
10.6.4 REST OF THE MIDDLE EAST & AFRICA 277
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW 283
11.2 GLOBAL MARKET STRATEGY ANALYSIS 284
11.3 KEY DEVELOPMENTS 284
12 COMPANY PROFILES
12.1 PPG INDUSTRIES, INC. 286
12.1.1 COMPANY OVERVIEW 286
12.1.2 FINANCIAL OVERVIEW 287
12.1.3 PRODUCTS OFFERED 288
12.1.4 KEY DEVELOPMENTS 288
12.1.5 SWOT ANALYSIS 289
12.1.6 KEY STRATEGIES 289
12.2 AXALTA COATING SYSTEMS LTD 290
12.2.1 COMPANY OVERVIEW 290
12.2.2 FINANCIAL OVERVIEW 291
12.2.3 PRODUCTS OFFERED 291
12.2.4 KEY DEVELOPMENTS 292
12.2.5 SWOT ANALYSIS 293
12.2.6 KEY STRATEGIES 293
12.3 NIPPON PAINT HOLDINGS CO., LTD. 294
12.3.1 COMPANY OVERVIEW 294
12.3.2 FINANCIAL OVERVIEW 294
12.3.3 PRODUCTS OFFERED 295
12.3.4 KEY DEVELOPMENTS 295
12.3.5 SWOT ANALYSIS 295
12.3.6 KEY STRATEGIES 296
12.4 THE SHERWIN-WILLIAMS COMPANY 297
12.4.1 COMPANY OVERVIEW 297
12.4.2 FINANCIAL OVERVIEW 297
12.4.3 PRODUCTS OFFERED 298
12.4.4 KEY DEVELOPMENTS 298
12.4.5 SWOT ANALYSIS 298
12.4.6 KEY STRATEGIES 299
12.5 AKZO NOBEL N.V. 300
12.5.1 COMPANY OVERVIEW 300
12.5.2 FINANCIAL OVERVIEW 300
12.5.3 PRODUCTS OFFERED 301
12.5.4 KEY DEVELOPMENTS 301
12.5.5 SWOT ANALYSIS 301
12.5.6 KEY STRATEGIES 302
12.6 ASIAN PAINTS PPG PVT. LIMITED 303
12.6.1 COMPANY OVERVIEW 303
12.6.2 FINANCIAL OVERVIEW 303
12.6.3 PRODUCTS OFFERED 303
12.6.4 KEY DEVELOPMENTS 303
12.6.5 SWOT ANALYSIS 304
12.6.6 KEY STRATEGIES 304
12.7 DSM 305
12.7.1 COMPANY OVERVIEW 305
12.7.2 FINANCIAL OVERVIEW 305
12.7.3 PRODUCTS OFFERED 306
12.7.4 KEY DEVELOPMENTS 306
12.7.5 SWOT ANALYSIS 307
12.7.6 KEY STRATEGIES 307
12.8 TCI POWDER 308
12.8.1 COMPANY OVERVIEW 308
12.8.2 FINANCIAL OVERVIEW 308
12.8.3 PRODUCTS OFFERED 309
12.8.4 KEY DEVELOPMENTS 309
12.8.5 SWOT ANALYSIS 310
12.8.6 KEY STRATEGIES 310
12.9 BASF SE 311
12.9.1 COMPANY OVERVIEW 311
12.9.2 FINANCIAL OVERVIEW 311
12.9.3 PRODUCTS OFFERED 312
12.9.4 KEY DEVELOPMENTS 312
12.9.5 SWOT ANALYSIS 313
12.9.6 KEY STRATEGIES 313
12.10 BERGER PAINTS INDIA LIMITED 314
12.10.1 COMPANY OVERVIEW 314
12.10.2 FINANCIAL OVERVIEW 314
12.10.3 PRODUCTS OFFERED 315
12.10.4 KEY DEVELOPMENTS 315
12.10.5 SWOT ANALYSIS 315
12.10.6 KEY STRATEGIES 315
12.11 JOTUN 316
12.11.1 COMPANY OVERVIEW 316
12.11.2 FINANCIAL OVERVIEW 316
12.11.3 PRODUCTS OFFERED 317
12.11.4 KEY DEVELOPMENTS 318
12.11.5 SWOT ANALYSIS 319
12.11.6 KEY STRATEGIES 319
12.12 KANSAI PAINT CO., LTD. 320
12.12.1 COMPANY OVERVIEW 320
12.12.2 FINANCIAL OVERVIEW 320
12.12.3 PRODUCTS OFFERED 321
12.12.4 KEY DEVELOPMENTS 321
12.12.5 SWOT ANALYSIS 321
12.12.6 KEY STRATEGIES 321
13 APPENDIX
13.1 REFERENCES 322
13.2 RELATED REPORTS 322
