The metallic powder coating global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Metallic Powder Coating Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The metallic powder coating market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the rise of automotive manufacturing, increased focus on corrosion resistance, the push for environmentally friendly coatings, and the demand for high-quality aesthetic finishes in various industries.
The metallic powder coating market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing demand for environmentally friendly coatings, growth in the automotive and construction industries, rising consumer preference for aesthetic finishes, and stringent regulations on volatile organic compounds (VOCs). Major trends in the forecast period include the rise of eco-friendly formulations, automation in application processes, advancements in multi-layer coating systems, and the integration of smart coatings with functionality.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing production of automobiles is expected to propel the growth of the metallic powder coating market going forward. Automobiles are motor vehicles designed primarily for transporting passengers on roadways, featuring various styles powered by internal combustion engines or electric motors. The production of automobiles is increasing due to rising global demand for personal transportation and the growth of electric vehicles, which are reshaping consumer preferences and driving innovation in the industry. Metallic powder coating in automobile production is used to enhance durability, and corrosion resistance and provide a premium metallic finish to vehicle components. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group, in 2022, global production of motor vehicles reached 85.4 million, marking a 5.7% increase from 2021. Therefore, the increasing production of automobiles is driving the growth of the metallic powder coating market.
Market Trends –
Major companies operating in the metallic powder coating market are focusing on developing advanced coating solutions such as superdurable low-energy powder coatings to enhance finish quality, durability, and resistance to environmental factors. Superdurable low-energy powder coatings are advanced coatings that offer enhanced durability and environmental resistance while curing at lower temperatures, reducing energy consumption and production costs. For instance, in September 2024, AkzoNobel NV, a Netherlands-based paint and coating manufacturing company, launched the Interpon D2525 Low-E range, a series of superdurable low-bake powder coatings designed to protect architectural surfaces in harsh environments. These innovative coatings can be cured at lower temperatures (as low as 150°C), resulting in up to 20% energy savings and 25% faster curing times compared to conventional powders. The Interpon D2525 Low-E coatings are ideal for a variety of metal surfaces, including facades, windows, and railings, offering excellent durability and color retention.
The metallic powder coating market covered in this report is segmented –
1) By Type: Bonding Process, Blending Process, Extrusion Process
2) By Resin Type: Epoxy Polyester, Polyester, Epoxy, Polyurethane
3) By Pigment Type: Aluminum, Mica, Other Pigment Types
4) By Application: Architectural, Automotive, Appliance, Furniture, Leisure Equipment
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Regional Insights –
Asia-Pacific was the largest region in the metallic powder coating market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the metallic powder coating marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the metallic powder coating marker are The Sherwin-Williams Company, PPG Industries Inc., Axalta Coating Systems LLC, Jotun Powder Coatings, Berger Paints India Limited, Delight Polymers Pvt Ltd., Beckers Group, PEKO Precision Products Inc., HMG Paints Ltd., Tradeindia, Primatek Coatings OÜ, Protech Group, Prismatic Powders, Technical Glass and Aluminium LLC, Aajjo, All-Color Powder Coating Inc., Archello, Crescent Bronze Powder Co, Nivera Paints, Prism Coating Powder, Ritver Paints and Coatings, SendCutSend LLC, TCI Powder, Tulip Paints, Value Added Coating Solution Private Limited, Zigma Paints Pvt Ltd
Table of Contents
1. Executive Summary
2. Metallic Powder Coating Market Report Structure
3. Metallic Powder Coating Market Trends And Strategies
4. Metallic Powder Coating Market – Macro Economic Scenario
5. Metallic Powder Coating Market Size And Growth
…..
27. Metallic Powder Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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