Appliances application for powder coating is expected to grow at the highest CAGR during the forecast period. This segment is expected to continue its dominance throughout the forecast period.Īutomotive segment dominated the global powder coating market with about 20% share in terms of revenue, in 2018. Supportive government policies have fueled the growing adoption of powder coatings especially thermoset powder coatings across end user industries during the forecast period.Įlectrostatic spray is the most adopted coating technique as it enables coating of intricate shapes and does not require preheating of components. Leading companies in this powder coatings market have heavily invested in R&D activities to offer product customization as per the requirements of the end user industry. Thermosets are used to coat appliances, as they are resistant to extreme temperatures. The market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 5.4%, in terms of revenue, during the forecast period. Strict environmental regulations also boost the powder coatings market growth. This trend is expected to continue as it is a volatile organic compound (VOC) and solvent-free. The demand for powder coatings has increased owing to growing technological advancements and increasing demand from applications, namely, architectural appliances automotive furniture agriculture, construction, and earthmoving equipment (ACE) general industrial and others. Moreover, it analyzes the current powder coatings market trends across different geographies and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of powder coatings. It provides information on coating method of powder coatings such as electrostatic spray and fluidized bed. It focuses on various powder coating applications, which include appliances automotive architectural furniture agriculture, construction & earthmoving equipment (ACE) general industrial and others. The report on the world powder coatings market exclusively focuses on current powder coatings market trends and future growth of powder coatings market opportunities such as thermoset and thermoplastic. Get more information on this report : Request Sample Pages In addition, over-sprayed powder coating can be retrieved and recycled for use, thereby reducing cost. Powder coating are cost-efficient, as they do not contain solvents and volatile organic compounds (VOCs). It adheres to the AAMA specifications and is an ecofriendly process. It is mainly used for applications on metal parts exposed to extreme weather conditions. It offers benefits such as superior durability, scratch resistance, gloss retention, and resistance to chalking. Powder coatings provides economical, long lasting, and durable quality finish for metal parts and products.
Powder coatings in automotive application segment occupied the major share in 2018 and is expected to maintain its lead throughout the analysis period. Powder Coatings Market size is expected to garner $15.0 billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.