Powder coatings are
a type of solvent-free coating product used to provide a dry finishing process.
They They are known to provide a high-quality, durable finish. Moreover, they
emit minimal volatile organic compounds and are therefore eco-friendly compared
to solvent-based coatings. Powder coatings are composed of resins, additives,
curing agents, extenders or fillers, and tint pigments.
Analysts forecast
the Global Powder
Coatings market will grow at a
CAGR of 6.98 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Powder
Coatings Market: Akzo Nobel, Axalta Coating Systems, BASF, PPG Industries,
Arkema, Bayer, Diamond Vogel, DIC, DuPont, Eastman Chemical, Evonik Industries,
Henkel, Jotun, Kansai Paint, Nippon Paint, Orbit Coating, Royal DSM, RPM
International, Sherwin-Williams, and Valspar
The Global Powder
Coatings market is witnessing increasing demand from emerging economies such as
India, China, and Brazil. Rapid economic development in these countries,
especially those in the APAC region, is expected to contribute to market growth
because of factors such as an increase in spending on products such as
appliances, automobiles, and furniture. Also, these countries are expecting a
strong demand for powder coatings from the Architecture industry
Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Powder Coatings
market for the period 2014-2018. To arrive at a ranking of the leading vendors
in the market and to calculate the market size, the report considers the
revenue generated from the sales of powder coatings by these vendors. It also
presents the vendor landscape and a corresponding detailed analysis of the top
four vendors in the Global Powder Coatings market. The report also provides
data on the different segments of the Global Powder Coatings market, which are
based on the following criteria: material, type, application, and geography.
In addition, the
report discusses the major drivers that influence the growth of the market. It
also outlines the challenges faced by the vendors and the market at large, as
well as the key trends that are emerging in the market.
Global Powder
Coatings Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the APAC region,
Eastern Europe, North America, Western Europe, and the ROW.
According to the
report, many drivers are contributing to the growth of the Global Powder
Coatings market, the most important of which is regulatory support. Powder
coating vendors in developed regions such as North America and the EU are
encouraged to introduce eco-friendly products such as powder coatings, thereby
aiding market growth.
Further, the report
states that one of the major challenges is the problems with applying powder
coatings. For instance, powder coatings may form uneven layers at edges or
corners, which could restrict their adoption in certain industries.
