Global Powder Coatings Market to hit US$ 16bn+ by 2024 Powder Coating Market | Page 3

Browse key industry insights spread across 615 pages with 562 market data tables &
16 charts & figures from the report, “Powder Coatings Market Size By Resin
(Thermoplastic, Thermoset, Fusion Bonded Epoxy), By Application
(Architectural, Jobbers, Agriculture & Construction Equipment, Oil & Gas,
Appliances, General Metal [Outdoor Furniture & Playground Equipment],
Automotive & Transportation Components [Wheels]), By Substrate (Metallic,
Non Metallic), Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Italy, Spain, Netherlands, Russia, China, India, Japan,
South Korea, Vietnam, Australia, Indonesia, Thailand, Brazil, Argentina,
Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends,
Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table
of contents: https://bit.ly/1XnjtZH
Asia Pacific accounted for over 40% of the overall powder coating market share in
2017. Key factors such as stable economy, rising consumer expenditure level, and
rapid infrastructural development in developing countries including India, China, and
Indonesia will influence the industry share. Favorable government policies &
regulations promoting efficient usage of eco-friendly coatings will support product
penetration across the region. In addition, availability of low-cost raw materials will
further drive the business share across Asia Pacific.
Latin America powder coatings market will observe CAGR over 7% in terms of
revenue over projected time period. The automotive and transportation domain is
experiencing several transformative shifts that are majorly driven by the economic
and technological disruptions thereby influencing the business size. Besides, strong
business outlook owing to rapid digital transformation, incorporation of industry 4.0
model, and numerous disruptive mobility services will further elevate overall market
share across the region.
The global powder coating market share is highly competitive with large presence of
multinational companies and regional players. AkzoNobel NV, Axalta coating
systems LLC, PPG Industries, Inc., and Jotun Powder Coating are among major the
manufacturers present in the business. The manufacturers are constantly focusing in
the production capacity expansions and mergers & acquisitions to enhance the
overall cash deployment plans. For instance, in February 2017, Axalta Coating
Systems acquired Century Industrial Coatings, a manufacturer of high-performance
industrial coatings for oil & gas, structural steel, and rail cars. This initiative is aimed
at enhancing Axalta’s existing sustainable and durable product portfolio.
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