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Global Powder Coatings Market

  • May 2014
  • -
  • Frost & Sullivan
  • -
  • 212 pages

Summary

Table of Contents

Demand for High Performance and Sustainable Products Steers Growth

This research service identifies the major industry drivers, restraints, regional trends, and technology segment trends in the global powder coatings market. The research covers 4 regions: North America, Europe, Asia-Pacific, and Rest of World. The study provides an in-depth analysis of the automotive; appliances; architectural; industrial; furniture; agriculture, construction and mining equipment (ACME); and pipe segments, with percentage splits across regions and chemistries. Competitive structure and market share analyses have been provided at the total market level. Unit shipment, revenue forecasts, and pricing trends have been provided for each segment. The base year is 2013, and the forecast period ends in 2020.

Key Findings
- The global powder coatings market is driven by opportunities to replace liquid coatings in
the appliances; automotive; architectural; furniture; industrial; agriculture, construction,
and mining equipment (ACME); and pipe application segments.
- Powder coatings’ significant advantages have aided its penetration into a number of
applications. Enhanced durability; superior resistance to corrosion, temperature,
chemicals, and ultraviolet (UV) radiation; and reduced volatile organic compounds (VOC)
emissions have contributed to the widespread adoption of powder coatings.
- Asia-Pacific (APAC) and rest of world (ROW) markets present attractive growth
prospects, primarily because of their stable economies and expanding transportation,
construction, and manufacturing industries. A rising middle class, increasing disposable
income, and improving standards of living have further contributed to the growth of
powder coatings in these regions.
- The powder coatings market is poised to witness significant technological advancements
aimed at developing low temperature cure coatings, high-temperature-resistant coatings,
and products for a wide range of non-metallic substrates such as plastics, wood, and
medium-density fiberboard (MDF). Technological advancements are expected to propel
the replacement rate of liquid coatings by powder across market segments.

Market Trends
- The powder coatings market is influenced by the dynamics of end-user industries. It is easier for
coating manufacturers to penetrate into the powder coating business, although higher initial
investments are associated with setting up the production line and procuring specialized equipment for
the powder coatings.
- The market is becoming more fragmented as new companies enter. Smaller participants are developing
low-cost products, which increases pricing pressures.
- Global powder coating manufacturers are focused on offering increased value to customers by
minimizing overall cost. These trends are driving the need for new product development and product
differentiation through technology advancement and research and development (R&D) activities.

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