Metallic Powder Coating Market Size & Growth | Forecast [2028]

Posted By : niteshvhaval on 2021-12-01   14:29:40    India
  Metallic Powder Coating Market

Description

The global metallic powder coating market is projected to grow from $1.88 billion in 2021 to $2.91 billion in 2028 at a CAGR of 6.5% during forecast period

The metallic powder coating market forecast is expected to experience exponential growth by reaching USD 2.91 billion by 2028. This information is published by Fortune Business Insights in its report, titled Metallic Powder Coating Market, 2021-2028.”

The report further observes that the global metallic powder coating market trends stood at USD 1.75 billion in 2020 and is likely to exhibit a CAGR of 6.5% between 2021 and 2028. This is attributable to the increasing demand for advanced metallic coating in powder across the wood industry and the rising residential sector globally.

COVID-19 has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities. However, a collective effort from the government and the industries to bring the economy back is expected to boost the market growth during the forecast period.

Market Segmentation:

Based on the resin type, the market is divided into epoxy polyester, polyester, epoxy, polyurethane, and others. On the basis of process, the market is trifurcated into bonding, dry blending, and co-extrusion. On the basis of pigment, the market is classified into aluminum, mica, and others. Furthermore, based on application, the market is segregated into architectural, automotive, appliance, furniture, leisure equipment, and others. Lastly, on the basis of region, the market is categorized into Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

What does the Report Provide?

The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.

Browse summary:

https://www.fortunebusinessinsights.com/metallic-powder-coating-market-105319

DRIVING FACTORS

Increasing Demand from Wood Industry to Promote Growth

There is a growing trend of the application of innovative powder coatings in the wood industry is gaining traction. These coatings are used to improve spraying technology and reduce the curing temperature. Besides, they aid in minimizing water loss and drastic size changes in wood components while ensuring bright color effects and high gloss. The growing adoption of UV-curable coatings owing to their great film flexibility and good adhesion property, coupled with all-round protection against corrosion, is leading to high demand from the wood sector. Moreover, the rising residential sector propels the demand for advanced powder coatings globally. Therefore, these factors are expected to boost the global metallic powder coatings market growth during the foreseeable future.




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niteshvhaval Pune India
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