Industry Background:
Powder coating is applied as a free-flowing, dry powder. Not as conventional liquid paint which is delivered via an evaporating solvent, powder coating is typically applied electrostatically and then cured under heat. The powder is made up of either thermoplastic or a thermoset polymer. There are many Advantages of Powder Coatings majorly in the environment includes a reduction in the Solid Waste Profile as compared to traditional coatings. Several leading companies are investing in powerful technologies to meet the need of emerging end-use industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AkzoNobel (Netherlands), PPG Industries (United States), Sherwin-Williams (United States), DuPont (United States), Nippon Paint (Bangladesh), Neokem (Greece), Nordson (United States), BASF (Germany), Eastman Chemical Company (United States) and DIC Corporation (Japan) |
According to AMA, the market for Automotive Powder Coating is expected to register a CAGR of 4.9% during the forecast period to 2028. This growth is primarily driven by Increase Growth in Automotive Industry, Growing Demand of Passenger Vehicle across the Globe and Rising Population and Growing Income Levels of People in Emerging Economies.
Globally, a noticeable market trend is evident Increase Demand for Electrical Conductivity
Major Vendors, such as AkzoNobel (Netherlands), PPG Industries (United States), Sherwin-Williams (United States), DuPont (United States), Nippon Paint (Bangladesh), Neokem (Greece), Nordson (United States), BASF (Germany), Eastman Chemical Company (United States) and DIC Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global automotive powder coating market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Key Developments in the Market:
In 2020, AkzoNobel acquired Stahl Performance Powder Coatings. The Dutch paints and coatings giant said the deal gives it accelerated access to unique low curing technology and strengthens its position as a complete provider of sustainable solutions for these substrates, in particular for its wood coatings customers.
On 7th February 2022, PPG Industries announced the acquisition of the powder coatings business of Arsonsisi. The acquisition allows PPG to expand its powder coatings offering in Europe, the Middle East, and Africa (EMEA) region to include metallic bonding, one of the fastest-growing markets for powder coatings often used in specialty finishes for the automotive, appliance, and general industrial applications.
Influencing Trend:
Increase Demand for Electrical Conductivity, Increase Demand of Thermostat Powder Coating, Favorable Cost of Powder Coatings in Developing Region Is Economical Advantage and Increase Demand in Architectural and Decorative Segment
Market Growth Drivers:
Increase Growth in Automotive Industry, Growing Demand of Passenger Vehicle across the Globe and Rising Population and Growing Income Levels of People in Emerging Economies
Challenges:
Growing Competition among Providers
Restraints:
High Initial Investment and Growing Number of Substitute Can Hamper the Growth of the Market
Opportunities:
Advancement in Metal Finishing Technologies and Rapid Urbanization
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Powder Coating Market
- Analysis about New Entrants in Automotive Powder Coating Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Powder Coating Study Sheds Light on
The Automotive Powder Coating Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Powder Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Powder Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.