Global Metallic Powder Coatings Market: Snapshot
Major companies in the global metallic powder coatings market are estimated to witness prominent sales opportunities from automotive and architectural industries during the forecast period 2021-2031.
An upcoming research report by TMR delivers complete study of all facets influencing the growth curve of the global metallic powder coatings market. As a result, readers gain comprehensive analysis of prime elements such as trends, challenges, drivers, restraints, and growth avenues in the market. In addition, this assessment document gives reliable information on ongoing R D activities and technological advancements in the market for metallic powder coatings.
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The study analysts have presented all the information and analysis of the global metallic powder coatings market in the form of several crucial parameters including process type, pigment type, resin type, end-use industry, and region. On the basis of process type, the market is divided into blending, extrusion, and bonding/bonded.
Key Drivers of Metallic Powder Coatings Market Growth
Automotive, architectural, furniture, appliances, lighting, and sports goods fitness equipment are some of the important end-use industries of metallic powder coatings. Of them, the product is increasingly used the architectural industry owing to its weathering properties together with exceptional gloss and color retention.
Owing to the several properties such as excellent weatherability and corrosion resistance of metallic powder coatings, there is notable surge in the adoption of this product for varied exterior architectural applications including curtain wall, façade, doors, and aluminum profiles, windows, cladding, and sheet metal.
With surge in demand for attractive and specialty products in the automotive industry, several automakers across the globe are growing the demand for metallic pigments. This factor is foreseen to work as one of the leading drivers of the metallic powder coatings market.
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Surge in awareness pertaining to the use of products with reduced carbon footprints is likely to push the sales of metallic pigments in environmental-friendly paints and coatings products. As a result, there is significant growth in the utilization of metallic pigments in powder coatings.
What Key Tactics are Utilized by Players in Global Metallic Powder Coatings Market to Stay Ahead in Competition
The global metallic powder coatings market is fairly fragmented in nature. Presence of many players highlights that the competitive landscape of the market for metallic powder coatings is intense. Companies working in this market are using diverse strategies such as mergers, acquisitions, partnerships, regional expansion, and collaborations.
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Recent Developments in Metallic Powder Coatings Market
- In June 2021, AkzoNobel announced its expansion plans in Central and South America. The firm stated that it has entered into acquisition agreement with Grupo Orbis, which is Colombia-based paints and Coatings Company.
The list of key players in the global metallic powder coatings market includes:
- Axalta Coating Systems, LLC
- AkzoNobel N.V.
- PPG Industries
- Jotun A/S
- Tiger Coatings GmbH Co. KG
- The Sherwin-Williams Company
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APAC Demand Outlook for Metallic Powder Coatings
Based on region, the global metallic powder coatings market shows existence in several regions such as Europe, APAC, South America, Middle East Africa, and North America. Of all regions, APAC is likely to emerge as one of the fastest growing regions for the players operating in the market for metallic powder coatings.
The APAC metallic powder coatings market is anticipated to expand on the back of surge in construction activities across many emerging economies such as China, Indonesia, Malaysia, the Philippines, and India.
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