Growth Of The Powder Coatings Market: Acrylic Resin Is Expected To Grow At A Stellar CAGR Of More Than 8% Through 2029

Comprehensive assessment of the Growth Of  Powder Coatings Market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry

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Growth Of Global Powder Coatings Market: In-Depth Assessment on Key Segments

The global powder coatings market is segmented on the basis of resins, application and region.

Resins

Application

Region

Epoxy

Consumer Goods

North America

Polyester

Architectural

Latin America

Epoxy-Polyester (Hybrid)

Automotive

Europe

Acrylic

General Industries

East Asia

Polyurethane

Furniture

South Asia & Oceania

Others

Others

Middle East & Africa

The  market analyzes the consumption patterns of each end use segment with the help of extensive primary and secondary research. Further, the impacts of all the end uses on the market growth has been examined in the report.

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Europe Leads amid Mushrooming Automotive Manufacturing

Europe exhibits a stronghold in global powder coatings market with 30% of the total market value. Accelerating automotive production in Europe aids this majority market share. North America and East Asia follow the European region with a collective market share of more than 47%. Lucrative growth opportunities can be identified in East Asia which will grow at a meteoric CAGR during the forecast period.

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Developing East-Asian economies such as India, and China are witnessing an increase in income levels which further thrusts the demand for powder coated products in this region.

Epoxy Resin Holds Majority Market Share

Powder coatings manufactured from epoxy resin are garnering increasing consumer traction owing to enhanced protection that this type of powder coating offers against repeated mechanical stress, weather, and wear & tear associated with typical product lifecycles. Epoxy resin based powder coating holds over 30% of the market share, followed by polyester resins which account for more than 1/4th of the market.

Surging preference for high-quality finish and durability of coatings in products will create remunerative growth opportunities for acrylic and resin based powder coating. Acrylic resin is expected to grow at a stellar CAGR of more than 8% through 2029.

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The  report answers important questions which include:

  1. Why is player leading the in region?
  2. Which factors pose a negative impact on the growth?
  3. What was the value registered in 2018?
  4. What challenges do the players face during R&D stages?
  5. Which countries contribute a significant share to the total revenue in region?

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