South America Emerging as A Potential Market for Thermoset Powder Coatings

Posted by RahulSharma on March 12th, 2020

The Market for Powder Coatings is projected to grow from USD 15.7 billion in 2020 to USD 21.4 billion by 2025, at a CAGR of 6.3% during the forecast period. The global powder coatings market is witnessing high growth on account of growing end-use industries and technological advancements. The economic growth in developing countries, stringent environmental regulations, and growth in the appliance & automotive industries are also leading to the growth of the market.

Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=151375565

Browse 289 market data Tables and 93 Figures spread through 228 Pages and in-depth TOC on "Powder Coatings Market “.

The powder coatings market is expected to be driven by rising demand from emerging economies

APAC is the leading market for powder coatings. The high growth in the region is fueled by booming economies in China, India, and a few smaller countries such as Indonesia and Taiwan. Thermosetting powder coatings are preferred more than thermoplastic powder coatings because thermosetting coatings are heat-stable and, unlike thermoplastic powders, do not soften back to the liquid phase when re-heated. In APAC, the immigration of global auto manufacturers and increasing activities in the building & construction industry, including few highly cash-intensive projects, account for the high revenue growth of the powder coatings market in the region.

Appliances: The leading end-use industry segment of the powder coatings market

Appliances are an essential part of our everyday life. Cookers, freezers, radiators, washing machines, air conditioning, heating, and others should be as smart in their looks as they are in their functionality. Consumer goods and appliances are significant end users of powder coatings.

The appliance industry is the largest market for thermosetting powders. The industry benefits from the use of powder coatings in applications that require the combination of appearance and resistance to abrasion, chemicals, and temperature cycling. The appliance industry uses powder coatings on front and side panels of refrigerators, dryer drums, air-conditioner cabinets, washer tops and lids, water heaters, dishwasher racks, freezer cabinets, and cracks of microwave ovens.

Increase in per capita income and consumer spending, changing consumer preferences, and growing need for automation and technology advancement are the key factors driving the powder coatings market.

Get Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=151375565

Key market players in the powder coatings market

The key players in this market are AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (U.S.), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Somar Corporation (Japan).

About Us-

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact Us-

Mr. Sanjay Gupta,

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

sales@marketsandmarkets.com