Powder Coatings Market forecast to 2025 scrutinized in new research

The worldwide powder coatings market was valued at US$ 8.70 Bn in 2015. In the same year, in terms of volume the powder coatings market was 2.36 Million tons.

ID: 1539631
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(businesspress24) - According to a new market report published by Credence Research Inc., owder coatings market was valued at US$ 8.70 Bn in 2015. In the same year, in terms of volume the powder coatings market was 2.36 Million tons.
Market Insights:
The global powder coatings market is projected to grow significantly during the forecast period. Rising applications of powder coatings in various sectors such as automotive, furniture and appliances among others is the major factor driving the market growth. Moreover, advantages of powder coatings over traditional wet paints such as high resistance to corrosion, durability, cost-effective, and high-quality finish is another factor contributing towards the market growth.
Browse the full report at https://www.credenceresearch.com/report/powder-coating-market
Powder coatings are environment friendly as they are solvent free thus result in negligible emissions of volatile organic compounds (VOC). Therefore, have high support from the government regulatory such as REACH and EPA, thereby fueling demand. However, application and design issues are inhibiting the market growth. High consumption of energy is another factor restraining the market growth over the next six years.
Emerging economies such as India, China, Malaysia, Brazil, and some GCC countries offers lucrative growth due to strong growth in automotive industry. Growing demand for furniture along with the availability of the product is projected to propel the market growth. Continuous innovation and technological advancements is projected to further expand market opportunities.
Competitive Insights:
The market is moderately fragmented with top ten participants accounted for 45% share of the global market in 2015. AkzoNobel, PPG, Sherwin Williams and Axalta are some of the prominent players present in this market. To increase their foothold in the market companies are focusing on various product innovation. Some of the others key players present in this market are Jotun, BASF and Nippon Paint among others.


Key Trends:

Why buy this report?
1. The report identifies and addresses key markets for Powder Coatings Chemicals market, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Request Sample: https://www.credenceresearch.com/sample-request/58264
Browse the full Powder Coatings Market - Growth, Future Prospects and Competitive Analysis, 2017
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Date: 08/10/2018 - 08:46
Language: English
News-ID 1539631
Character count: 3742
Kontakt-Informationen:
Firma: Credence Research
Ansprechpartner: Robson Tolson Feedback to businesspress24.com about Pressrelease-id:
Stadt: SANJOSE
Telefon: 18003618290

Meldungsart: Unternehmensinformation
Versandart: Veröffentlichung
Freigabedatum: 10-8-2018
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