The demand graph of the global powder coatings market is set to ascend to new heights in the times to follow. Chemical engineering has matured into a multifaceted industry, engulfing new technologies and ideas. This trend has reflected in increased availability of distinct chemicals, powders, and solutions. Popularity of powder coatings across the industrial sector has played an integral role in driving demand within the global market. Powder coatings impart a fine finish to the surface, and this is an important consideration for industrial manufacturers. Furthermore, powder coatings are harder and tougher than conventional paints. It is expected that the use of powder coatings would increase across leading industries and manufacturing units.
In this article, Fact.MR tracks a range of trends and opportunities that have defined the direction of growth within the global powder coatings market. Receding popularity of conventional paints has brought powder coatings under the spotlight of attention. Furthermore, the need for manufacturing hard-finish products and devices has also unravelled fresh opportunities for market growth and maturity. It is estimated that the global powder coatings market would expand at a respectable CAGR of 7% over the period between 2019 and 2029. Increased spending on product detailing, especially across the manufacturing sector, has generated fresh demand within the powder coatings market.
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of Metallic Equipment in Key Areas
widely used across several industries, and the latter make conscious efforts to
protect these metals. Use of powder coatings on metallic equipment and objects
has given an impetus to the growth of the global powder coatings market.
Furthermore, researchers are experimenting with the use of powder coatings on
new products and technologies.
Medium-density fireboards are used to test the effects of powder
coatings on non-metallic materials. This factor has played an integral role in
driving sales across the global powder coatings market. Emergence of multiple
methods for powder-coating materials has also aided market growth.
of Usage for Powder Coatings
Several leading industries have transcended as key end-users of powder coatings. The stellar potential of these industries to generate sustained revenues has given a thrust to market growth. Household appliances made from metallic materials are coated with powder coatings, mainly to enhance the finish and appearance of the products. Besides, aluminium extrusions and drum hardware are amongst other areas where powder coatings are extensively used. The historic significance of powder coatings in the industrial sector has created new opportunities for market growth and maturity.
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in Automobile Manufacturing
The automobile industry is on a stampede of advancements, and has clocked in voluminous revenues in recent years. The importance of manufacturing high-end vehicles that can withstand weather attacks, externalities, and wear and tear has changed the manufacturing dynamics of the automobile industry. Use of powder coatings in this industry has also increased by a noticeable mark over the past decade. Therefore, there is little contention about the inflow of voluminous revenues into the global powder coatings market. Other key industries such as architecture, consumer goods, and furniture have also become key end-users of powder coatings. Consumption patterns vary according to the seriousness of the end-use industries in following ardent quality and testing standards. Some of the notable players operating in the global powder coatings market are PPG Industries, Inc., Akzo Nobel N.V., BASF SE, Nippon Paint Holdings Co., Ltd., Eastman Chemical Company, Eisenmann, Bayer AG (Covestro AG), and Evonik Industries AG.
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