Powder Coatings Market Share, Growth, Upcoming Trends, Revenue, Key Players, Challenges, Business Opportunities and Forecast 2024-2033: SPER Market Research
Powder coatings including mica, aluminium, or other pigments are typically covered with metallic coatings. Although metal flake is utilized for gloss and glitter, the metallic powder coating finishes are comparable to solid tone finishes.
Product look and level of protection can be enhanced by applying powder coating, a dry exterior finishing layer. In the primary cycle, polymer saps, flow consistency admixtures, colors, and various other additions are combined, liquefied, cooled, and set into a homogenous structure. High-quality ornamental finishes are required for outdoor applications; metallic powder coatings based on polyester provide exceptional flow and durability.
According to SPER market research, ‘Metallic Powder Coatings Market – By Process Type, By Pigment Type, By Resin Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Metallic Powder Coatings Market is predicted to reach USD 9485.99 million by 2033 with a CAGR of 8.73%.
Over the course of the projected period, rising auto manufacturing and growing demand for medical devices are anticipated to drive market expansion. The demand for metallic pigments from the automotive and architectural industries is expected to drive the growth of the metallic powder coatings market. Other factors that are expected to contribute to this growth include the furniture industry’s positive outlook, government regulations, the growing emphasis on reducing VOC emissions, lower application costs compared to liquid coatings, and potential applications in the shipbuilding and pipeline industries. The market is growing mostly because of the sizable wheel aftermarkets, which are both organized and unstructured.
A number of factors affect the metallic powder coatings industry’s capacity to grow and remain sustainable. Cost and difficulty are the two biggest obstacles in the manufacture of metallic powder coatings. A complex, costly procedure requiring specialized tools and technology is required to create superior metallic powder coatings. The price and volatility of the raw materials used in these coatings, such as metallic pigments, may also have an effect on the total cost of production.Concerns about the environment associated with applying and removing metallic powder coatings present another difficulty.
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The most disruptive element has turned out to be the COVID-19 epidemic. The top coatings manufacturers in the market are becoming more and more concerned about the declining demand and increasing number of positive cases, despite the fact that some coating production units have gradually restarted operations. The epidemic interrupted the entire production and supply chain and stopped the processing of raw materials used to make coatings. Furthermore, the coatings sector is forcing a lot of both professional and unskilled workers back to their hometowns, which is posing a significant labor shortage for businesses.
Metallic Powder Coatings Market Key Players:
Furthermore, Because of advantageous government policies and the expansion of the building sector in developing nations including South Korea, India, Japan, Malaysia, China, and Indonesia, the Asia-Pacific region currently dominates the market for metallic powder coatings. Additionally, some of the market key players are PPG Industries (U.S.), Jotun A/S (Norway), The Sherwin-Williams Company (U.S.), Tiger Coatings GmbH & Co. KG (Austria), Axalta Coating Systems, LLC (U.S.), AkzoNobel N.V. (Netherlands).
Powder Coatings Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Process Type: Based on the Process Type, Global Metallic Powder Coatings Market is segmented as; Bonding, Blending, Extrusion, Others.
By Pigment Type: Based on the Pigment Type, Global Metallic Powder Coatings Market is segmented as; Aluminum, Mica, Others.
By Resin Type: Based on the Resin Type, Global Metallic Powder Coatings Market is segmented as; Polyester, Hybrid, Epoxy, Polyurethane, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Metallic Powder Coatings Market Future Outlook
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