Asia-Pacific Powder Coatings Market, By Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed and Others), Substrate (Metallic, Non-Metallic), End-Use Industry (Aerospace, Appliances, Automotive, General Industrial, Architectural, Buildings & Construction, Energy, Marine, Oil & Gas, Furniture and Others), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights : Asia-Pacific Powder Coatings Market
Asia-Pacific powder coatings market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market growth at a CAGR of 4.8% in the above-mentioned forecast period.
The powder coatings market growth is attributed to the factors such as increased consumer spending, rising per capita income, varying consumer preferences along with the advancement in the technology. The infrastructural expansion is additionally a key factor driving the merchandise demand on a worldwide scale. Efficiency and overspray are among the key factors governing the market economics. Higher utilization rate as compared to the liquid forms is among the key factors affecting the general product application scope.
Socioeconomic development by the regional government alongside the housing subsidies will positively impact the architectural and ornamental sector, indirectly supporting industry growth. Excellent performance properties among the availability of product in wide sorts of colors and textures will further spur the powder coating market revenue over the forecast timeframe. High adoption rate due to the simple applicability, lower product costs and environmental effectiveness are fuelling the demand of powder coating in the market.
Powder coatings produce a thick finish on metallic products. It is hard to provide skinny finishes by the usage of those coatings. The thickening of the polymer can result in the formation of an uneven texture. Uniform flow and levelling are conditions for thin films; these factors are restraining the market growth. The powder coating industry is facing numerous environmental challenges with the increasing focus on the meeting state and local regulations regarding wastewater discharge.
The Asia-Pacific powder coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Asia-Pacific powder coatings market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Powder Coatings Market Scope and Market Size
Asia-Pacific powder coatings market is segmented on the basis of resin type, coating method, substrate and end use industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on resin type, the powder coatings market is segmented into thermoset, thermoplastic.
- Based on coating method, the powder coatings market is segmented into electrostatic spray, fluidized bed and others.
- Based on substrate, the powder coatings market is segmented into metallic, non-metallic
- Based on end-use industry, the powder coatings market is segmented into aerospace, appliances, automotive, general industrial, architectural, buildings & construction, energy, marine, oil & gas, furniture and others.
Asia-Pacific Powder Coatings Market Country Level Analysis
Asia-Pacific powder coatings market is analysed and market size insights and trends are provided by country, resin type, coating method, substrate and end use industry as referenced above.
The countries covered in the powder coatings market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific.
The automotive industry is predicted to grow, due to increase in transportation infrastructure, converting lifestyle, and growing disposable profits. The green coatings manufacturing groups and research establishments have closely invested to increase advanced, eco-friendly, and non-hazardous powder coatings. China is the most important manufacturer of refrigeration home equipment. In China, the demand for electric powered domestic home equipment has substantially extended because of growing disposable profits and strong increase with inside the actual property sector
The country section of the powder coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Powder Coatings Market Share Analysis
Asia-Pacific powder coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific powder coatings market.
The major players covered in the Asia-Pacific powder coatings market report are Kansai Paint Co.,LTD, Asian Paints, Jotun and Evonik Industries AG, PPG Industries, Inc., The Sherwin-Williams Company, Valspar Industrial, Akzo Nobel NV, Asian Paints Limited, Koninklijke DSM NV, Arkema SA, DuPont, Evonik Industries AG, TCI Powder, Kansai Paint Co., Ltd, and Axalta Coating Systems among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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