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.
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
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.
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.
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.
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
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report