Powder coating market: 2021 Key Players Data, Industry Analysis, Segmentation, Share, Size, Opportunities and Forecast to 2027
The reports also help in understanding the Powder coating market trends dynamic, and structure by analyzing the market segments and projecting the Powder coating market trends size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Powder coating market trends makes the report investor’s guide.
Powder coating market trends Overview:
The "Powder coating market trends" study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Powder coating market trends, as well as the reasons for variations in the industry's growth in various locations.
The Powder coating market trends size was valued at USD 14.2 Bn. in 2021 and the total global Powder Coatings revenue is expected to grow by 4.2% in forecast period to reach USD 19.73 Bn. in 2029.
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Market Scope:
The rise in dietary trend of consuming milk outside the home is propelling Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
Segmentation:
By Type, the Thermoset segment dominated the market with the highest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Thermoset powder coatings are made from a variety of resins, including epoxies, polyesters, acrylics, and polyurethanes. They require a lower curing temperature than thermoplastic resins. It is critical to heat the powder-coated substrate to allow the thermoset to flow evenly throughout the surface.
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Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through primary sources. The biggest players in the Powder coating market trends are as follows:
• Akzo Nobel N.V
• The Sherwin-Williams Company
• PPG Industries, Inc.
• BASF SE
• DSM
• Valspar
• Arkema S.A.
• Bayer AG
• Axalta coating systems
• Jotun
• Tiger Coatings
• KAPCI Coatings
• Kansai Paint Co., Ltd
• Nippon Paint Holdings Co., Ltd.
• The Valspar Corporation
• Berger Paints India Limited
• Asian Paints Limited
• Kansai Nerolac Paints Limited
• SOMAR
• RPM International Inc.
• DuluxGroup Limited
• Marpol Private Limited
Regional Analysis:
Individual market-influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Powder coating market trends study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Powder coating market trends:
Due to a break in operations, end-user sectors where Powder coating market trends is used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Powder coating market trends manufacturers, affecting the development of the Powder coating market trends in 2020. End-user business demand for Powder coating market trends has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
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Key Questions Answered in the Powder coating market trends Report are:
Which segment had the largest share in the Powder coating market trends in 2021?
What is the competitive landscape of the Powder coating market trends?
Which are the key drivers aiding the Powder coating market trends growth?
Which region has the maximum share in the Powder coating market trends?
What will be the CAGR of the Powder coating market trends during the forecast period (2022-2027)?
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