Market Size – USD 11.10 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Rise of environment-friendly coating technologies

The global Powder coatings Market is expected to reach USD 18.32 Billion by 2026, according to a new report by Reports and Data. Powder coatings can be used on a variety of substrates, including metallic and non-metallic materials, having a wide range of colors, thicknesses, finishes, and textures. They can be easily applied in much higher thicknesses compared to conventional liquid coatings without running, dipping, or sagging. Moreover, since powder coatings are composed entirely of solid coating material, applying coating of a specific thickness can be achieved with fewer applications of powder.

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Report Objective:

The report aims to provide a complete analysis of the global Powder Coatings market with important details about the key market players such as their financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, mergers and acquisitions, and overall company profiles. It also studies M&A activities, joint ventures, partnerships and collaborations, licensing agreements and product launches and brand promotions. It also offers SWOT analysis and Porter’s Five Forces analysis for each player.

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Major companies profiled in the report include:

PPG Industries, Inc.,
Akzo Nobel N.V.,
The Sherwin-Williams Company,
Axalta Coating Systems,
BASF SE,
Nippon Paint Holdings Co., Ltd.,
nd Kansai Paint Co., Ltd,
among others.
Powder Coatings Market segmentation by Types:

Electrostatic Spray Coating
Fluidized Bed Coating
Electrostatic Fluidized Bed Process
Flame Spraying
Powder Coatings Market segmentation by Application:

Consumer goods
Architectural
Automotive
General industries
Furniture
Others
The regional analysis covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest:

The market is segmented on the basis of the substrate into metallic, non-metallic and inter-metallic. Metallic substrates account for about ~70% of the market, due to its demand from the automotive, agricultural, construction & equipment, outdoor furniture, HVAC, and electrical industries.
The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America, and MEA. The Asia Pacific region accounted for the highest market share of ~40% in 2018. Rising disposable income and the growing population will positively affect the demand for powder coating technologies in automobiles, electronics, and other industries.
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