Powder Coatings Market Growth, Future Outlook, Drivers, Size, Trends, Competitor Strategies and Industry Forecast 2026

Powder Coatings Market Growth

The powder coatings industry is estimated to reach $15.0 billion by 2026, growing at a CAGR of 5.4% during the forecast period, 2019-2026

OREGON, PORTLAND, USA, August 20, 2022 /EINPresswire.com/ — The Global powder coating industry raised $9.8 billion in 2018 and is expected to reach $15.0 billion by 2026 growing at a CAGR of 5.4% during the forecast period 2019-2026. Allied Market Research has published a report titled, “Powder Coatings Market by Resin Type (Thermosetting and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized Bed), and Application (Appliances, Automotive, Architecture, Furniture, Agriculture, Construction, and Equipment Earthmoving (ACE), General Industrial, and Others: Global Opportunities Analysis and Industry Forecast, 2019-2026.”

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Drivers, constraints and opportunities-
Rising adoption of powder coatings over liquid coatings, supporting environmental regulations, increasing demand for appliances, and booming construction industry are driving the growth of the global market for electrical coatings. On the other hand, the difficulty of applying thin layers hinders the growth to some extent. However, rapid economic growth in emerging countries is expected to pave the way for a number of opportunities in the industry.

Key Industry Players-
• Akzo Nobel SA
• Tiger facings
• Kansai Nerolac Paints Limited
• IFS Coatings
• Sherwin Williams
• Axalta coating systems
• BASF SE, Berger Paints
• PPG Industries
• The Valspar company

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Detailed segmentation-
On the basis of resin type, the report divides the market into thermoset and thermoplastic. The thermoset segment captured the lion’s share in 2018, holding 92% of the global powder coating market. The segment is also expected to dominate over the forecast period.

Based on the coating method, the market is classified into electrostatic spraying and fluidized bed. The electrostatic spraying segment held the largest global powder coating market share in 2018 and is expected to maintain its top spot by the end of 2026.

On the basis of application, the market is divided into household appliances, automotive, architecture, furniture, agriculture, construction and earthmoving equipment (ACE), general industrial and others. The automotive segment accounted for nearly one-fifth of the global powder coating market share and is expected to reign supreme by 2026.

Based on geography, the Asia-Pacific region, followed by North America, accounted for nearly three-fifths of the global powder coatings market revenue and is expected to lead the way throughout the study period. The same segment is also expected to grow at the fastest CAGR of 5.8% during the period 2019-2026. The report also analyzes North America, Europe and LAMEA regions.

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Allied Analytics LLP
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