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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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