US & Europe Powder Coatings Market by Resin Type (Thermoset and Thermoplastic); by Coating Method (Electrostatic Spray and Fluidized Bed); By Application (Automotive, Appliances, Architectural, Furniture, Agriculture Construction & Earthmoving and Others); By Region (US and Europe)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030
Powder coatings are dry fine substances that have various characteristics, such as superior defiance to degradation, rust, cracks, and chemicals. They are charged and applied to the surface with the help of electricity. Powder coating address different demands of the end-user industries include an infinite range of colors, high-gloss and low-gloss, metallic & translucent coating and offers appealing texture options like raw textures, gliding surface or matte finishing to suppress surface flaws.
US & Europe Powder Coating Market is expected to reach USD 5,484.52 million in 2030 from USD 3,152.78 million in 2019, growing at a CAGR of 5.02% during the forecast period. The growth of the U. S. & Europe powder coatings market is driven by the increasing acceptance of powder coatings by several end-user industries like vehicles, equipment, furniture, and construction.
US & Europe Powder Coating Market: Segments
Increasing demand from automotive sector
US & Europe powder coating market is segmented on the basis of resin type into thermoset and thermoplastic. Thermoset is further classified into epoxy, polyester, epoxy-polyester hybrid, and acrylic. Thermoplastic is further classified into polyvinyl chloride, nylon, polyolefin, and polyvinylidene fluoride. In 2019 thermoset resins accounted for a significant share of the U.S. & Europe powder coating market due to increased utilization in coating devices and automotive of these resins, as they pose high resistance to corrosion, extreme heat and impact. Furthermore, the product adaptation according to the specifications of the end user industries has been enhanced. The market for thermoset resin is projected to grow by such factors.
US & Europe Powder Coating Market: Market Dynamics
The environmentally compatible alternative to solvents-loaded lacquers was the key driver in the development of powder coating material. The Powder coatings have very low amount of VOC. It has increased the quality of powder coating.
The powder coating industry faces many environmental challenges with the increasing focus on meeting state and local regulations regarding wastewater discharge. Powder coating operations have metals, oil & grease, and suspended solids in their waste streams generated during cleaning and pre-treatment phases of their operations.
· Key Players
• American Powder Coatings Inc.
Key Product Offerings
Key Performance Indicators
· Axalta Coating systems
· BASF SE
· IFS Coatings Inc.
· PPG Industries Inc.
· Powder Coating USA
· RPM International Inc.
· The Sherwin-Williams Company
· Tiger Drylac U.S.A. Inc.
US & Europe Powder Coating Market Report also contains an analysis on:
• US & Europe Powder Coating Market by segment:
• By Resin Type
• By Coating Method
o Electrostatic Spray
o Fluidized Bed
• By Application
o Agricultural Construction & Earthmoving
• By Region
Rest of Europe
· US & Europe Powder Coating Market Size
· US & Europe Powder Coating Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints