Powder Coatings Market

Market Leader - Powder Coatings Market

The Powder Coatings market is projected to grow from USD 11.6 billion in 2020 to USD 14.9 billion by 2025, at a CAGR of 5.2% between 2020 and 2025. APAC is the largest consumer of powder coatings. Growth in various end-use industries, stringent environmental regulations, and technological advancements are the factors driving the powder coatings market.

The key players operating in the market are PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), and Jotun A/S (Norway). These players have adopted various strategies, such as merger & acquisition, investment & expansion, and new product launch, to grow in the market. Investment & expansion was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their geographical presence.

To know about the assumptions considered for the study download the pdf brochure

PPG is a US-based company that manufactures and distributes coatings and optical & specialty materials. The company mainly operates through two segments: Performance Coatings and Industrial Coatings. It provides powder coatings under the Industrial Coatings segment. These powder coatings provide great chip and corrosion resistance to extend the life of the substrate and are available in various chemistries, such as epoxy, epoxy polyester hybrids, polyester, polyurethane, acrylics, and fluoropolymer. Envirocron, Duranar, Caroflon, Silversan, and FasTREK are some of the brand names under which PPG manufactures powder coatings. The Performance Coatings segment includes paints and coatings for aerospace, automotive, marine, and architectural applications. In March 2020, PPG completed its acquisition of Alpha Coating Technologies, LLC (“Alpha”). The acquisition provides additional powder manufacturing capacity. This includes small batch and low cure powder manufacturing capabilities for general finishes, light industrial, furniture, and heat-sensitive substrate end uses.

Sherwin-Williams (US) is a diversified paints and coatings company. It is a global leader in the manufacturing, development, distribution, and sale of powder coatings and related products for professional, industrial, commercial, and retail customers. It has a strong customer base and operates in several countries of Europe, North America, and Asia Pacific. The company comprises three business segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. Powder coatings, along with other products, are manufactured under the Performance Coatings segment and are sold in more than 120 countries. In June 2017, Sherwin-Williams acquired the Valspar Corp., a Minneapolis-based global paints & coatings company, for about USD 11.3 billion.

Related Reports:

Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), End-Use Industry (Appliances, Automotive, General Industrial, Architectural, Furniture), and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 2790
RI Published ON
2/27/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Powder Coatings Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved