Market Research Future Published a Half Cooked Research “Global Powder Coating Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.
PPG Industries, Inc (U.S.), The Valspar Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (India), KANSAI PAINT CO.,LTD (India), Royal DSM (the Netherlands), Arkema (France), Evonik Industries (Germany), TCI Powder (U.S.), The Sherwin-Williams Company (U.S.), and others, among others are some of the prominent players at the forefront of competition in the global Powder coating market and are profiled in MRFR Analysis.
Powder Coating Market–Market Overview
According to some leading research organizations, Rapidly increasing population has triggered the urbanization and industrialization which in turn is expected to boost growth of the market. Additionally, increasing demand for solvent free coatings, steadily growing demand from automotive industry, high consumption of powder coatings coupled with shifting consumer patterns to replace of conventional solvent based coatings in various end use industries is anticipated to propel growth of the market in coming years. With expanding teledensity and growing use of portable electronic devices is set increase use of powder coatings in the manufacturing & finishing of various electronics devices and equipment. This is expected to drive the demand for powder coatings over the assessment period. The product find its applications in diverse industries such as building & construction, consumer goods, automotive, aerospace, industrial, and electronics, among others. The scope of applications for protective coatings market is continuously increasing with the flourishing end use industries such as automotive, aerospace, and construction. However the market exhibit some bottlenecks which are needed to be considered, including the stringent regulatory measure put into effect by mature western economies, regarding VOC emissions and the rising costs of raw materials.
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Powder Coating Market- Competitive Landscape
The global Powder coating is a highly mature market driven by flourishing end use industries sucuh as building & construction industry, along with the growing transportation sector. PPG Industries, Inc., KANSAI PAINT CO., LTD, Arkema, TCI Powder, Evonik Industries AG, Akzo Nobel N.V., and Royal DSM are the substantial manufacturers in this market. Almost all of these market participants are adopting the expansion and product launch tactics of their production capacities to strengthen their market position. Growing automotive industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for Powder coating. Taking all these trends under consideration, the global powder coating market is likely to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
January 2, 2018- PPG Industries, the U.S. based paints and coating company, announced that it has reached a definitive agreement to acquire ProCoatings, one of the leading architectural paint and coatings wholesaler located in The Netherlands. This will help PPG to meet the increasing global demand for the product effectively and garner sufficient revenue.
January 1, 2018- Polychem Coatings, a part of IFS Coatings, the U.S. based the largest privately owned powder coatings company has recently launched its 2018-19 powder coating color trends. These are 4 trends with each featuring its own palette of colors. The color trends are Truth & Reality, Automation Nation, Attention Overload and The Need for Nurture.
April 3, 2017- Japan based paints & coatings industry, Kansai Paint Co., Ltd. has acquired all shares of European coating manufacturer Helios Group. Under the strategic owner Kansai, Helios will represent a strong European center of innovation, know-how and business development, and will further grow its importance in European coating industry. This acquisition of Helios Group, helped Kansai Paint to accelerate its growth strategy to become one of top three paint producers in the world. Before the acquisition of Helios, Kansai already had a strong presence in Asia, Africa and Middle East, but very limited in Europe. Helios Group is a coating manufacturer with strength in different types of coatings and mainly operates in Central, Eastern and Western Europe and CIS countries.
November 2, 2017- TCI Powder Coatings, the U.S. based polymer powder coating manufacturer, announced that it has recently achieved Qualicoat approval for the powder coating TCI Gloss Category 3 Polyester. The TCI team worked closely with Qualicoat to have our facilities and technology audited. This Gloss Polyester formulation is durable, high gloss, and creates a beautiful, tough finish on any part, per TCI. The Qualicoat Class 1 certification guarantees that the powder coating is of high quality and long-lasting value.
January 25, 2017- France based specialty chemical company, Arkema has launched a new product called Kynar® fluoropolymer powder under its Technical Polymers business unit. Kynar® PVDF is very well known globally as a premium fluoropolymer brand offering extreme resistance to chemicals, UV exposure, acids and bases.
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