BANGALORE, India, June 10, 2020
BANGALORE, India, June 10, 2020 /PRNewswire/ -- Powder coating is a dry finishing process in which electrostatic spray deposition (ESD) is typically used to achieve the powder coating to a metal substrate. This application method uses a spray gun, which applies an electrostatic charge to the powder particles, which are then attracted to the grounded part.
Powder Coatings Market size is expected to reach USD 15 Billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.
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TRENDS INFLUENCING THE POWDER COATINGS MARKET SIZE
POWDER COATINGS MARKET SHARE ANALYSIS
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POWDER COATINGS MARKET SEGMENTS:
By Resin Type
By Coating Method
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SIMILAR REPORTS :
The India powder coatings market size was USD 896.7 Million in 2017 and is projected to reach USD 1.508.2 Billion by 2025, at a 6.6% CAGR from 2018-2025.
The growth of India Powder Coatings Market size is attributed to factors such as supporting environmental regulations, increasing demand for appliances, booming construction industry, and rapid economic growth. Due to its superior finish and durability, increased adoption of powder coatings over liquid coatings leads to an increase in longevity of coated products.
The U.S. & Europe powder coatings market size was valued at USD 2,965.7 million in 2018 and is projected to reach USD 4,292.5 million by 2026, growing at a CAGR of 4.71% from 2019 to 2026.
Rapid growth in the automotive sector across developing economies like the U.S. and Germany has increased demand for powder coatings. Powder coatings are used to cover the automotive's exterior as they protect the automotive components and body from extreme weather, heat, and corrosion conditions. Furthermore, the increase in demand for powder coatings in-home appliance manufacturing due to their properties such as abrasion resistance, chemicals, and weather changes is expected to increase the U.S. & Europe Powder Coatings Market size.
South East Asia (SEA) powder coatings market size was valued at USD 222.7 million and is expected to reach USD 295.9 million, growing at a CAGR of 4.2% from 2016 to 2022.
Indonesia is witnessing the highest growth rate among all the SEA countries due to the increased consumption of powder and liquid coatings in various applications industries, including automotive, general industrial, and domestic appliances. In addition, customers prefer eco-friendly products that offer more functionality.
This report focuses on the volume and value of Automotive Powder Coating at global, regional, and enterprise levels. This report represents the overall size of the Automotive Powder Coating market from a global perspective by analyzing historical data and future prospects. This study focuses on the main regions: North America, Europe, China, and Japan.
This report also analyses the impact of Coronavirus COVID-19 on the Low Temperature Powder Coatings industry.
This report focuses on the volume and value of Low Temperature Powder Coatings at global, regional, and enterprise levels. This report represents the overall size of the Low Temperature Powder Coatings market from a global perspective by analyzing historical data and future prospects. This study focuses on the main regions: North America, Europe, China, and Japan.
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