Market Definition and Scope:
The global metallic powder coatings market was valued at USD 1.75 billion in 2020. It is anticipated to expand from USD 1.88 billion in 2021 to USD 2.91 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period. In 2020, Asia Pacific led the market, holding a significant share of 51.43%. This dominance underscores the region's robust industrialization, substantial automotive manufacturing, and extensive infrastructure development, particularly evident in countries such as China, India, and across Southeast Asia.
Metallic powder coatings are a specialized type of powder coating that contains metallic pigments or flakes, providing a metallic finish when applied. These coatings are used across various industries due to their aesthetic appeal, durability, and resistance to corrosion.
LIST OF KEY COMPANIES PROFILED:
Sun Chemical (New Jersey, U.S.)
TCI Powder (Georgia, U.S.)
PPG Industries, Inc. (Pennsylvania, U.S.)
AkzoNobel Powder Coatings (Amsterdam, Netherlands)
Axalta Coating Systems (Pennsylvania, U.S.)
TIGER Coatings GmbH & Co. KG (Wels, Austria)
Berger Paints India Limited (West Bengal, India)
SILBERLINE MANUFACTURING CO., INC. (Pennsylvania, U.S.)
CTC Powder Coating (Heybridge, UK)
AVL Metal Powders nv (Belgium, Europe)
Carl Schlenk AG (Roth, Germany)
Crescent Bronze Powder Co. (Wisconsin, U.S.)
Jotun (Sandefjord, Norway)
Other Key Players
Market Drivers:
Growing Demand in Automotive Sector: Increased use of metallic powder coatings in automotive parts and accessories due to their ability to offer both decorative finishes and protection against environmental factors.
Rising Construction Activities: Demand from the construction sector for architectural coatings that provide both aesthetic appeal and durability.
Industrial Applications: Utilization in industrial equipment and machinery for enhancing appearance and durability.
Market Challenges:
Cost Considerations: Higher cost compared to conventional coatings can sometimes limit adoption, especially in price-sensitive markets.
Environmental Regulations: Compliance with stringent environmental regulations regarding VOC emissions and disposal of coating materials.
Key Trends:
Technological Advancements: Development of metallic powder coatings with improved application properties and performance characteristics.
Shift towards Waterborne Formulations: Increasing preference for waterborne metallic powder coatings due to environmental concerns and regulatory pressures.
Regional Insights:
North America and Europe: Mature markets with significant adoption in automotive and architectural sectors.
Asia-Pacific: Rapid industrialization and construction activities driving growth, particularly in countries like China, India, and Southeast Asia.
Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments - Merger, Acquisitions, and Partnerships
Porter’s Five Forces Analysis
SWOT Analysis
Technological Developments
Value Chain Analysis
TOC Continued…!
Information Source: https://www.fortunebusinessinsights.com/metallic-powder-coating-market-105319
Future Outlook: The metallic powder coating market is expected to continue growing, driven by increasing demand across automotive, construction, and industrial sectors. Innovations in coating technologies and formulations will likely play a crucial role in expanding market opportunities.
For detailed and current market data, it would be best to refer to industry reports from market research firms like Grand View Research, Inc., Technavio, or Transparency Market Research, which regularly publish comprehensive analyses on coatings markets, including metallic powder coatings.