{"product_id":"powder-coating-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Powder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003ePowder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global powder coating market size reached US$ 14.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003ePowder coating refers to a high-quality, dry finishing technique wherein fine particles of paints are electro-statically charged and sprayed on various components to form a uniform layer of coat. It involves pre-mixing, melting, extrusion, cooling, crushing, classifying, and controlling epoxy, polyester resins, pigments, and brightening agents as some of the steps followed in the manufacturing process. Powder coating aids in ensuring a polished finishing of different items, maintaining the gloss of product, and protecting machinery from corrosion, scratches, fading, and chipping. Apart from this, powder coating is cost-effective and eco-friendly in nature, due to which it is extensively used for coating non-metallic substrates and household goods. At present, it is commercially available in thermoset, thermoplastic and polyvinylidene fluoride (PVDF) resin types.\u003c\/p\u003e\n\n\u003cp\u003ePowder Coating Market Trends:\u003cbr\u003e\nThe widespread adoption of powder coating across various industrial verticals can be attributed to the increasing need for effective, non-volatile organic compounds and solvent-free coating formulations. This, in turn, represents a key factor driving the market growth. In line with this, the rising environmental concerns have prompted governments of various countries to undertake green initiatives promoting the uptake of eco-friendly coating substances, such as powder coating, to minimize the instances of fire hazards, which is supporting the market growth. Additionally, the ongoing construction activities and the continuous establishment of several commercial and residential buildings have further supplemented the deployment of powder coating for polishing or refinishing furniture and consumer electronics, such as refrigerators and door handles, which is acting as another growth-inducing factor. Besides this, the increasing utilization of powder coating in the automotive industry for glazing wheel rims, structural components, radiator grills, bumpers, and horns are also propelling the market growth. Other factors, such as strategic collaborations amongst key players and extensive investments in research and development (R\u0026amp;D) activities to introduce high performance, anti-bacterial powder coating, are contributing to the market growth.\u003c\/p\u003e \n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global powder coating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, coating method and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Resin Type:\u003c\/p\u003e\n\n\u003cp\u003eThermoset\u003cbr\u003e\nEpoxy\u003cbr\u003e\nPolyester\u003cbr\u003e\nEpoxy Polyester Hybrid\u003cbr\u003e\nAcrylic\u003cbr\u003e\nThermoplastic\u003cbr\u003e\nPolyvinyl Chloride (PVC)\u003cbr\u003e\nNylon\u003cbr\u003e\nPolyolefin\u003cbr\u003e\nPolyvinylidene Fluoride (PVDF)\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Coating Method:\u003c\/p\u003e\n\n\u003cp\u003eElectrostatic Spray\u003cbr\u003e\nFluidized Bed\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eConsumer Goods\u003cbr\u003e\nAppliances\u003cbr\u003e\nAutomotive\u003cbr\u003e\nArchitectural\u003cbr\u003e\nAgriculture, Construction and Earthmoving Equipment (ACE)\u003cbr\u003e\nGeneral Industries\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Evonik Industries AG, Jotun A\/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., SOMAR Corporation and The Sherwin-Williams Company.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003cbr\u003e\nHow has the global powder coating market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global powder coating market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the resin type?\u003cbr\u003e\nWhat is the breakup of the market based on the coating method?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global powder coating market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 145 Pages \/ MCW16218486","offer_id":47620826104114,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/powder-coating-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}