Powder Coating Market Growth, Regional Outlook and Forecasts to 2024: Hexa Research

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Powder Coating Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2016 to 2024 | Hexa Research
" Powder coating market is expected to grow at a significant
pace from 2016 to 2024 due to its application versatility
and market innovations."
The global Powder Coating Market is expected to grow at a healthy CAGR of over 7 % over the forecast period
(from 2016 to 2024). Strong automobile production outlook in Brazil, China, Germany, and Malaysia is
anticipated to drive the global market across various applications such as door handles, rims etc. Steady raw
materials supply is said to result in a stable price trend during the next few years. The global market is
categorized as applications and regions.
The application sector includes architecture, automotive, industrial, consumer goods, and furniture. The
consumer goods sector dominated the global market in 2015 occupying over 23 % of the total revenue. This is
mainly because coatings provide a supple, consistent finish that resists cracking and/or peeling. In addition to
this, the rising demands for domestic appliances such as freezer cabinets, microwave ovens, washing machines
etc., are also projected to augment the market growth. The automotive sector is also expected to witness a
rapid growth with a CAGR of over 8 % during the estimated years. Shelving systems, outdoor metal furniture,
metal cabinets etc. are several other lucrative applications with a revenue forecast of over USD 3 billion by
2024. The advent of Medium Density Fiber Board (MDF) has strengthened the wood furniture application scope
over the few years.
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Regionally, North America dominated the global powder coating market with revenue of USD 2 billion.
However, the region may lose its share as a result of a long-time presence and awareness of liquid coatings
intended for the architectural applications in the United States. The European regional market is expected to
gain a share of over 890 kilo tons by 2024. The major factor driving the European market is the growing
production of automobiles in Hungary, Germany, Romania, United Kingdom, and Austria with the production
base of automobile manufacturers such as Chevrolet, Lincoln, Daimler-Chrysler, Dodge, and Mercedes-Benz.
The APAC region is also anticipated to witness huge growth on account of rapid growth across various sectors
such as consumer goods, infrastructure, and automotive. The Middle East & Africa and Latin America regions
are comparatively immature markets; however, they may provide lucrative opportunities for the market players
during the next few years.
Some of the major companies in the global powder coating market are PPG Industries; Axalta Coating Systems;
and Akzo Nobel N. V.
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Table of Content of Powder Coating Market
Table of Contents
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Powder coatings market snapshot, 2016 - 2024
Chapter 3 Powder Coatings Industry Insights
3.1 Market segmentation
3.2 Industry size and growth prospects
3.3 Powder coating value chain analysis
3.4 Industry dynamics
3.4.1 Growth drivers
3.4.1.1 Rapid industrialization in BRICS nation
3.4.1.2 Favorable regulatory norms
3.4.1.3 Strong automotive production indicators
3.4.2 Industry pitfalls & challenges
3.4.2.1 Restrictive application scope
3.5 Porter’s
3.6 Company market share analysis, 2016
3.7 PESTEL Analysis
Chapter 4 Powder Coatings Application Insights
4.1 Powder coatings market volume share by application, 2016 & 2024
4.2 Consumer Goods
4.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast by region, 2016 – 2024 (Kilo Tons) (USD Million)
4.3 Architectural
4.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
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4.3.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.4 Automotive
4.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.5 General Industries
4.5.1 Market estimates and forecast, 2016 - 2024 (kilo Tons) (USD Million)
4.5.2 Market estimates and forecast by region, 2016 - 2024 (kilo Tons) (USD Million)
4.6 Furniture
4.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.6.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.7 Others
4.7.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.7.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 5 Powder Coatings Regional Insights
5.1 Powder coatings market volume share by region, 2016 & 2024
5.2 North America
5.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecast by application, 2016 – 2024 (Kilo Tons) (USD Million)
5.3 Europe
5.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecast by application, 2016 – 2024 (Kilo Tons) (USD Million)
5.4 Asia Pacific
5.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecast by application, 2016 – 2024 (Kilo Tons) (USD Million)
5.5 Latin America
5.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecast by application, 2016 – 2024 (Kilo Tons) (USD Million)
5.6 Middle East & Africa (MEA)
5.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.6.2 Market estimates and forecast by application, 2016 – 2024 (Kilo Tons) (USD Million)
Chapter 6 Competitive Insights
6.1 AkzoNobel
6.2 PPG Industries
6.3 Sherwin-Williams
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6.4 DuPont
6.5 BASF
6.6 The Valspar Corporation
6.7 Nippon Paint Co
6.8 Kansai Paint Co Ltd
6.9 Jotun A/S
6.10 Eastman Chemical Company
6.11 DIC Corporation
6.12 Royal DSM
6.13 Arkema
6.14 Bayer MaterialScience
6.15 Evonik Industries
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Powder coating market is expected to grow at a significant pace from 2016 to 2024 due to its application versatility and market innovations.

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