Global Micro Powder Market Overview:
Micronized waxes to enhance the performance of water-based, solvent-borne and powder coating formulations. Highly efficient, these waxes are used as process aids and improve many coating and ink properties, including scratch and mar resistance, lubricity, block resistance, release, and matting. Micro powders micronized wax additives help formulators develop enhanced and advanced surface coatings. Micro powder is applied in inks & coatings, lubes and greases, personal care products, and in other applications like the manufacture of PTFE Rods, sheets, and components.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Adoption Due to Use in Coating Products and Growing Usage in Lubricants
Market Growth Drivers:
High Demand from Various End-Use Industries and Growing Construction Industry across Developing Countries
Challenges:
Fluctuation in the Prices of Raw Materials
Restraints:
Stringent Environmental Regulations Associated With Plastic Usage
Opportunities:
Rising Demand Due to R&D and Quality Enhancement
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are BASF (Germany), Elementis Specialties (United Kingdom), Micro Powders Inc. (United States), Clariant (Switzerland), Mitsui Chemicals (Japan), BYK (Germany), Celanese (United States), Lubrizol (United States), NanJing Tianshi New Material Technologies (China), Shamrock Chemicals Corporation (United States) and Lawter (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Micro Powder market by 2028. Considering Market by Form, the sub-segment i.e. Granular will boost the Micro Powder market. Considering Market by Industry Verticals, the sub-segment i.e. Chemical & Industrial Processing will boost the Micro Powder market.
In 2020, Micro Powders, Inc., in collaboration with Garmor, Inc., launched GraphShield 730, a next-generation anticorrosion additive for powder coating applications. GraphShield 730 uses Micro Powders' wax composite technology to deliver a high loading of Garmor's unique edge functionalized graphene product, allowing for the safe and effective delivery of an advanced nanomaterial into coating formulations without requiring any changes to the customer's production process.
What Can be Explored with the Micro Powder Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Micro Powder Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Micro Powder
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Micro Powder market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Micro Powder market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Micro Powder, Suppliers of Micro Powder, Wholesalers, Distributors and Retailers of Micro Powder, Construction Industry, Automotive Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.