Metallic Powder Coatings Market - Global Industry Analysis, Size, Share, Trends, and Forecasts 2020 - 2030
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.
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.
Government regulations for generating investments among the metallic powder coatings sector is project to escalate the market during the forecast period 2021-2031.
End User Industry
Based on Region
Growing application in automotive sector, advanced materials, and new compositions continue to be the opportunity areas for metallic powder coating market players
Difficulty to obtain thin films and growing concerns regarding environment
AkzoNobel N.V. (Netherlands), The Sherwin Williams Company (US), Kansai Paint Co. Ltd (Japan), Nippon Paint Holdings Co. Ltd (Japan) , PPG Industries (US).
Asia Pacific is expected to remain high owing to increase in industrialization and commercialization.
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