The global powder coatings market size is predicted to reach USD 15 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period. The growing shift from liquid coatings to powder coating owing to its safe and anti-hazardous waste factor will fuel the demand for powder coatings, which in turn will boost the powder coatings market growth in the forthcoming years. As the solvent used in liquid coatings produce harmful fumes and the used solvents are considered as hazardous waste. Also discarded liquid coatings should be disposed of properly which can be an expensive and time-consuming process. This, factor will play a critical role in propelling the growth of the market.
According to the report published by Fortune Business Insights, titled “Powder Coatings Market Size, Share & Industry Analysis, By Resin (Thermoset {Epoxy Polyester, Polyester, Epoxy, Polyurethane, Acrylic, and Others}, and Thermoplastic {Polyvinyl chloride (PVC), Nylon, Polyolefin, and Polyvinyl Fluoride (PVF)}), By Coating Method (Electrostatic Spray, Fluidized Bed, and Others), By Application, and Regional Forecast, 2019-2026. The market stood at USD 8.98 billion in 2018. The global powder coatings market size encompasses a complete assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the powder coatings market trends. It shares a complete overview of all the segments and parts of the market and also provides statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.
Competitive Landscape
Launch of Interpon Low-E Products by AkzoNobel N.V to Enable Market Growth
AkzoNobel N.V unveiled its first Low-E products. The coarse texture range includes a range of smooth finishes in Interpon 610. The specially engineered Low-E products will offer curing at temperatures lower than the current standard of 180-190°C, the new offering is TGIC-free polyester will also help save energy and aid customers to improve their efficiency. The launch of the Low-E products is predicted to spur sales opportunities for the powder coatings market share during the forecast period owing to its design for a wide range of applications such as industrial manufacturers of steel constructions, street and garden furniture, and agricultural and construction equipment.
Information source:
https://www.fortunebusinessinsights.com/powder-coatings-market-102139
