Metallic Powder Coatings Market - Global Industry Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

  • Single User License $3500

Metallic Powder Coatings Market - Global Industry Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : November, 2021 | Chemical & Materials

Report Digest


The global metallic powder coatings market is expected to witness a moderate growth in 2021, over 2020. Metallic powder coatings have aluminium pigments, mica pigment and others. They are produced in three ways: extrusion, blending and bonding. Many end-use products are painted with metallic finishing including furniture, appliances, architectural product, etc. to make them look attractive.

Metallic powder coatings are immediately available, have uniform thickness, and does not emit VOC, thus, their demand in the end-use market is increasing. Its high demand in furniture and automobile sector is a key prospect for its significant growth.  

Increasing demand from various end-user industries

The increasing demand from automobiles, electronics, construction, automotive, aerospace, furniture, etc., is acting as a driver for the growth in the market. Rising requirement of coating of chassis, wheels, joysticks, wipers, horns, and other components majorly of vehicles enhance the business opportunities of metallic powder coatings.  

Metallic finishing is expensive as compared to solids

Bonded metallic powders are expensive as extra process is involved in creating it. The complexity in the process and one extra step performed after adds cost to the job. Additionally, the process is to be performed with too much precision, a little bit contrast can have a huge impact if the base colour and metallic colour are different. Therefore, all these factors can inhibit the growth of the metallic powder coating sector.

Competitive Landscape

  • Axalta Coating Systems, LLC (US)
  • Tiger Coatings GmbH & Co. KG (Austria)
  • AkzoNobel N.V. (Netherlands)
  • The Sherwin Williams Company (US)
  • Kansai Paint Co. Ltd (Japan)
  • Nippon Paint Holdings Co. Ltd (Japan)
  • PPG Industries (US)
  • Berger paints (India)
  • HMG Paints (UK)

Recent developments:

  • HMG Paints in December 2020 announced their new partnership with Symphony Coatings. The partnership states, industrial coatings of HMG and colour matching facilities will be available at Symphony Coating.
     
  • Axalta Coating systems, the leading supplier of liquid and powder coatings, in June 2020 launched a new collection of industrial powder coatings, Alesta BE+ in Mexico. Alesta BE+ is a sustainable product made up of Triglycidyl Isocyanurate free technology. The aim of the company is to minimize environmental pollution.
     
  • In July 2019, AkzoNobel announced about its plans to add three new production lines at its Changzou powder coatings plant in China. The production lines aims to supply acrylic powder coatings, metallic powder coatings, and powder primers for automotive sector.

Regional Outlook

Asia Pacific has emerged as a leading producer and market for metallic powder coatings. Rapidly growing industries and commercial buildings in developing countries like India, Thailand, Japan, South Korea, Malaysia and prediction of its growth in the near future is intend to promote the metallic powder coatings.

Metallic Powder Coatings Market

Government regulations for generating investments among the metallic powder coatings sector is project to escalate the market during the forecast period 2021-2031.

Segmentation

Process Type

  • Bonding
  • Blending
  • Extrusion

Pigment Type

  • Aluminium
  • Mica, etc.

Resin Type

  • Polyester
  • Hybrid
  • Epoxy
  • Polyurethane, etc.

End User Industry

  • Architectural
  • Automotive
  • Appliances
  • Furniture
  • Sports Goods & Fitness
  • Lightning, etc.

Based on Region

  • Asia Pacific
  • Europe
  • North America
  • South America
  • Middle East & Africa
     
  • What are the opportunities for boosting the growth?

Growing application in automotive sector, advanced materials, and new compositions continue to be the opportunity areas for metallic powder coating market players

  • What challenges do metallic powder coating manufacturers face?

Difficulty to obtain thin films and growing concerns regarding environment

  • Which are the leading manufacturers of metallic powder coatings?

AkzoNobel N.V. (Netherlands), The Sherwin Williams Company (US), Kansai Paint Co. Ltd (Japan), Nippon Paint Holdings Co. Ltd (Japan) , PPG Industries (US).

  • Which region to hold the largest share during the forecast period?

Asia Pacific is expected to remain high owing to increase in industrialization and commercialization.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?