Asia Pacific Powder Coating Market Size Industry Insight, Trends and Forecast to 2026
Category: #business  By Ronak Bora  Date: 2021-05-04
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Asia Pacific Powder Coating Market Size Industry Insight, Trends and Forecast to 2026

The Asia Pacific powder coating market size is expected to be worth over $8 billion by 2026. The commendable versatility of powder coatings makes them an ideal solution in hospital applications for preventing the risk of infection, as well as across the food & beverage, marine, aerospace, packaging, floor coating, construction, home furnishing, and automotive industries. The development of non-hazardous and sustainable powder coatings is receiving government support, as the focus toward health and environment safety has been increasing. These factors can prove be a catalyst for the Asia Pacific powder coating market forecast.

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Not only does this coating provide a high-quality texture and finish to the surface, but can also ensure protection against chemicals, moisture, adverse climatic factors, and ultraviolet light. Powder coating is preferred over paints as it can boost the durability and produce a more attractive visual effect.

The automotive sector is expected to represent a considerable chunk of the overall Asia Pacific powder coating industry share through the assessment timeline. The growth is urged by the growing adoption for coating vehicle parts and accessories such as engines, wheels, wipers, automotive filters, mirrors, and the like. With the growing demand for electric vehicles, from the automotive and transport segment Asia Pacific powder coating market share is projected to grow at a 9% CAGR through 2026.

The metallic powder coating segment is poised or marked growth over the forthcoming years and is anticipated to rise at an 8.5% CAGR through the forecast timeframe. Metallic powder coatings contain mica and aluminum pigments for producing a pleasant, metallic effect and protecting against corrosion at the same time. The spiraling demand for consumer electronics, alongside the trending focus toward home renovation during the pandemic has been spurring the demand, adding to the Asia Pacific powder coating market size.

By resin type, the APAC powder coating industry share has been bifurcated into thermoset, thermoplastic, and fusion bonded epoxy. The fusion bonded epoxy segment is slated to attain a considerable sum through the analysis timeframe. This type of epoxy-based powder coating is extensively deployed in petrochemical refineries, concrete reinforcing bars, and pipeline construction.

Their mechanical and chemical resistance and superior corrosion resistance renders them ideal for such heavy-duty applications. Fusion bonded epoxy-based powder coating also offers dimensional stability, simultaneously strengthening the material. As the construction industry is undergoing significant expansion due to population explosion in the region, the APAC powder coating market is set to gain a remarkable revenue by 2026.

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Koninklijke DSM N.V, DuPont, Akzo Nobel N.V, Sherwin-Williams Company, Lonza Arch, Akzo Nobel N.V, Sono-Tek Corporation, and Troy Corporation are some leading powder coating producers & suppliers in Asia Pacific. Technological breakthroughs have been enabling the industry participants to launch innovative and cost-effective powder coatings that cater to the current requirements of the customers amidst the COVID-19 pandemic.

Browse Related Report:

Europe Powder Coatings Market Size Powder Coatings Market Forecast By Substrate (Metallic, Non-Metallic), By Resin (Thermoplastic, Thermoset, Fusion Bonded Epoxy), By Application (Architectural, Jobbers, Agriculture & Construction Equipment, Pipeline, Oil & Gas, Appliances, General Metal [Outdoor Furniture & Playground Equipment], Automotive & Transportation Components [Wheels]), Application Potential, Competitive Market Share & Forecast, 2020 – 2026

https://www.graphicalresearch.com/industry-insights/1308/europe-powder-coatings-market

Table of Contents (ToC) of the report:

Chapter 2   Executive Summary

2.1 Powder Coatings industry summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4 Country trends

Chapter 3 Powder Coatings Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on powder coatings demand by application

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1553/asia-pacific-powder-coating-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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