#Polyolefin Powders Market size
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Disposable Gloves Market In-Depth Analysis and Forecast 2024 - 2030
The global disposable gloves market size was estimated at USD 9.57 billion in 2023 and is projected to grow at a compounded annual growth rate (CAGR) of 8.4% from 2024 to 2030.
The market is anticipated to grow over the coming years on account of several factors including favorable occupational safety regulations, increasing importance of safety and security at workplaces, and rising healthcare expenditure. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both private and public sectors along with rising population, high influx of migrants, and the growing geriatric population. Furthermore, rising healthcare expenditure is projected to drive the growth of the healthcare sector, which, in turn, is estimated to augment the demand for disposable gloves.
The disposable gloves industry in the U.S. is driven by factors such as advanced healthcare infrastructure, higher patient disposable income, and a significant geriatric population. Additionally, the COVID-19 pandemic has heightened the demand for disposable gloves, especially in healthcare, to curb further transmission.
In various industries like healthcare, medical, and mining, exposure to harmful chemicals poses a significant risk to workers' health, leading to issues such as skin diseases, rashes, hand cuts, amputation, and exposure to bloodborne pathogens. The implementation of safety regulations is expected to play a crucial role in driving market growth.
Gather more insights about the market drivers, restrains and growth of the Disposable Gloves Market
Disposable Gloves Market Report Highlights
• Natural rubber disposable gloves led the market and accounted for 36.7% of the global revenue demand in 2023. Natural rubber disposable gloves offer superior performance and protection in various applications such as medical & dental, food processing & service, janitorial & sanitation, pharmaceutical, and automotive
• The demand for disposable nitrile gloves is estimated to witness significant growth owing to their increasing adoption in the chemical, medical, painting, laboratory, dentistry, and oil sectors
• The powder-free product segment accounted for 74.4% of the global revenue share in 2023 on account of the rising preference for non-powdered gloves across many industries, including chemical, medical, and food processing
• The medical & healthcare end-use segment dominated the industry in 2022. Disposable gloves are widely used across the medical industry. They help protect doctors and patients from cross-contamination and transmission of pathogens during medical examinations and surgeries.
• Asia-Pacific region has become a focal point for market expansion. The burgeoning healthcare infrastructure, coupled with a growing awareness of safety measures, has driven the adoption of disposable gloves in countries across the region.
• In June 2023, ANSELL LTD. launched its manufacturing facilities in Sri Lanka. Ansell Textiles Lanka is now the company's first location to be certified to ISO 50001:2018. This noteworthy achievement demonstrates Ansell's dedication to integrating energy-efficient practices and technologies into its manufacturing processes.
Browse through Grand View Research's Specialty Polymers Industry Research Reports.
• The global smart polymers market size was valued at USD 12.84 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.
• The global polyolefin (POF) shrink film market size was valued at USD 8.54 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030.
Disposable Gloves Market Report Segmentation
Grand View Research has segmented the global disposable gloves market based on material, product, end-use, and region:
Disposable Gloves Material Outlook (Revenue, USD Million, 2018 - 2030)
• Natural Rubber
• Nitrile
• Vinyl
• Neoprene
• Polyethylene
• Others
Disposable Gloves Product Outlook (Revenue, USD Million, 2018 - 2030)
• Powdered
• Powder-free
Disposable Gloves End-Use Outlook (Revenue, USD Million, 2018 - 2030)
• Healthcare
• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Food
• Pharmaceuticals
• Transportation
• Mining
• Others
Disposable Gloves Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Russia
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o Indonesia
o Thailand
o Malaysia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
Order a free sample PDF of the Disposable Gloves Market Intelligence Study, published by Grand View Research.
#Disposable Gloves Market#Disposable Gloves Market size#Disposable Gloves Market share#Disposable Gloves Market analysis#Disposable Gloves industry
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Tire Machinery Market Size, Share, Growth, Trends [2032]
Tire Machinery Market provides in-depth analysis of the market state of Tire Machinery manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Tire Machinery in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Tire Machinery Market Report:
The report offers a comprehensive and broad perspective on the global Tire Machinery Market.
The market statistics represented in different Tire Machinery segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Tire Machinery are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Tire Machinery.
Major stakeholders, key companies Tire Machinery, investment feasibility and new market entrants study is offered.
Development scope of Tire Machinery in each market segment is covered in this report. The macro and micro-economic factors affecting the Tire Machinery Market
Advancement is elaborated in this report. The upstream and downstream components of Tire Machinery and a comprehensive value chain are explained.
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Powder Coatings Market - Forecast(2024 - 2030)
Powder Coatings Market Overview
The Powder Coatings Market size is forecasted to reach US$18.2 billion by 2027 after growing at a CAGR of 6.1% during the forecast period 2022-2027. Powder coating is a dry finishing process in which free-flowing, thermoplastic or thermoset powder material is applied to a surface, melted and then allowed to dry and harden into a protective coating. Powder coating based on thermoplastic polymers is derived from polyolefins, polyvinyl chloride, polyvinyl fluoride, polyester and so on whereas thermoset-based powder coatings are derived from epoxy, polyester, acrylic, polyurethanes and so on. Powder coating imparts a high-quality, durable finish, that allows for improved efficiency and is eco-friendly. Powder coatings are based on polymer resin systems. The environmental advantages offered by powder coatings compared to liquid coating methods drives the powder coatings market. The pandemic resulted in shortages of raw materials and supply chain disruptions. According to Echemi, a chemical industry B2B website, there were shortages of neopentyl glycol that is used in many of the resins for powder coatings and triglycidyl isocyanurate which is a curing agent used in polyester powder coatings. This resulted in price hikes of over 60% in the Powder Coatings industry.
Powder Coatings Market Report Coverage
The “Powder Coatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the Powder Coatings industry.
By Resin Type: Thermoset (Epoxy, Polyester, Acrylic, Fluoropolymer, Polyurethanes and Others) and Thermoplastic (Polyamide, Polyolefin, Polyethylene, Polyvinyl Chloride, Polypropylene and Others).
By Coating Method: Fluidized Spray, Electrostatic Fluidized Bed, Electrostatic Spray and Others.
By Substrate: Metal (Steel, Aluminum and Others) and Non-Metal (Plastic, Wood, Ceramics, Glass and Others).
By End-Use Industry: Automotive [Two-wheelers (Scooters and Bikes) and Three/Four-wheelers (Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles)], Construction (Outdoor Construction and Indoor Construction), Appliances (Refrigerator, Water Coolers, Vending Machines, Washing Machines, Air Conditioners/Coolers, Electrical Fans, Kitchen Blenders/Mixers, Vacuum Cleaners, Water Heaters, Ovens & Chimneys, LPG Cylinders and Others), Electrical & Electronics (Transformers, Generators, ATM Machines, Industrial/Commercial Systems, Electrical Motor Stators/Rotors, Electric Meters & Connectors, Computer Room Floor System and Others), General Industrial (Industrial Carts & Power Tools, Storage & Racking, Escalators & Elevators, Lockers, Walls & Fittings, Water Pumps, Steel Drums, Pipes & Rebars and Others), Furniture (Outdoor Metal Furniture, Beds & Chairs, Benches and Others), Medical, Transportation & Equipment (Railways, Industrial Transportation, Construction Equipment, Agricultural Equipment, Marine, Aerospace) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa)
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Key Takeaways
The Asia-Pacific region dominates the powder coatings market on account of the increasing construction activities and the recovering automotive industry. According to Invest India, the construction industry in India is expected to reach $1.4 trillion by 2025.
There are two types of powder coatings, thermoplastic and thermoset. Thermoplastic powders are commonly derived from polyolefins, polyvinyl chloride and polyvinyl fluoride while thermosetting powders are derived from acrylic, epoxy and polyester resins.
Thermoplastic powder coating melts and flows when heat is applied but continues to have the same chemical composition once it cools and solidifies. On the other hand, thermoset powder coatings will not melt when heated after curing.
The major opportunity for this market is developing thin-film coatings.
A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the powder coatings market report.
Powder Coatings Market Segment Analysis – by Resin Type
The thermoset segment held a dominant Powder Coatings Market share in 2021 and is expected to grow at a CAGR of 7.2% during the forecast period of 2022-2027. In the powder coating process, as the powder heats and melts it flows around the surface of the object and undergoes a chemical change called cross-linking which forms a hard and durable coating. Thermosetting coatings do not re-melt when they are cooled after heat is re-applied. In its powdered state, thermoset material tends to have a much lower molecular weight than other coating materials, usually requiring less heat to melt, making it more energy efficient. Thermoset powders are commonly derived from epoxy, acrylic, polyester and polyurethane groups. The most frequently employed are epoxy and polyester-based resins. Epoxy resin-based thermoset powders form a tough impact-resistant coating that has excellent corrosion resistance, so they are used for internal applications. Polyester-based coatings have the added advantage of being highly UV resistant, making them an ideal choice for outdoor applications. Thus, the thermoset segment is anticipated to dominate the powder coatings market.
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Powder Coatings Market Segment Analysis – by Application
The construction segment held a dominant Powder Coatings Market share in 2021 and is expected to grow at a CAGR of 8.3% during the forecast period of 2022-2027. Powder coating can be used for metal components such as door frames, railings, window frames, fencing, shelters, storefronts, façade or other areas of buildings. According to WSP, around 25% of the overall construction cost is the façade, with the metal contributing a major part of the cost. Powder coating can prevent corrosion and minimize re-coating as it imparts a long-lasting coating. The powder coat is more resistant to scratching, fading, erosion or other types of damage that can ruin the aesthetic appeal of a building The latest trend in the construction industry is low-emitting products and sustainable buildings. According to the U.S. Green Building Council (USGBC), 1,105 projects have been certified with LEED certification for green buildings in the U.S. in 2021. Powder coatings are solvent and VOC-free and produce less waste than other coating methods, making them a clear choice for green buildings. Thus, the construction industry is expected to dominate the market.
Powder Coatings Market Segment Analysis – by Geography
The Asia-Pacific region held the dominant Powder Coatings Market share up to 60% in 2021 owing to the rising consumption of powder coatings from the automotive, construction and appliances sector. The construction activities in the region rebounded after the initial lockdown in 2020. The government of India has made several investments in construction and infrastructure to aid in development. As per a report by the Indian Construction Equipment Manufacturers Association (ICEMA), the construction equipment industry recorded a 47% growth in the second quarter of FY2021-22. According to a news report in Reuters, in FY22-23, US$529.7 billion will be invested to further drive economic growth across the country. China’s construction sector is expanding rapidly. according to the National Bureau of Statistics, China’s construction output is estimated to be worth approximately US$4.3 trillion in 2021. China plans to invest US$1.43 trillion in key construction projects as part of its 14th five-year plan. As per the National Development and Reform Commission (NDRC), the Shanghai plans call for a total investment of US$38.7 billion over the next three years. The Japanese construction industry is expected to boom as the World Expo will be hosted in Osaka, Japan in 2025. Therefore, this region is set to dominate the Powder Coatings market.
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Powder Coatings Market Drivers
Environmental Advantages of Using Powder Coatings
Powder coating is the green process of choice for finishing operations. It produces less waste than other finishing processes such as liquid coating. The use of powder coating aids in eliminating waste because, after application, the powder coating overspray can be reclaimed and reused. These types of reclamation practices keep overhead costs low while minimizing environmental impacts. Solvents contain volatile organic compounds (VOCs) which are detrimental to the environment. In liquid coatings, the average VOC content is between 3.5 to 5.5 pounds per gallon, which is approximately one-third to one-half of each gallon of the liquid coating being emitted into the environment during the application process. Since powder coating lines do not require the use of solvents, they do not emit VOCs and can operate with reduced energy, faster curing and lower temperatures. This makes powder coatings highly attractive from an environmental perspective. Innovations in the powder coatings industry strive to make it even better. For instance, in early 2020, Sherwin-Williams General Industrial Coatings division launched the Powdura ECO line made from a resin that uses pre-consumer recycled polyethylene terephthalate (rPET). Thus, the environmental advantages offered by using powder coatings drive the market.
Growing Usage of Powder Coatings in Electric Vehicles
The growth of electric vehicles (EVs) can be attributed to increasing oil prices and growing awareness regarding climate change. According to the International Energy Agency (IEA), in 2021, sales of electric cars (including fully electric and plug-in hybrids) doubled to a new record of 6.6 million. Sales kept rising in 2022 as well, with 2 million electric cars sold worldwide in Q1 2022, up almost 75% compared to Q1 2021. To keep EV motors and batteries operating efficiently, it’s important to maintain an optimum temperature range. Sometimes EV motors can generate operating temperatures that may exceed 200°C. Powder coatings are used to insulate battery boxes and isolate thermal activity. To take advantage of the growing EV market, powder coating manufacturers are launching products that cater to EVs. For instance, in January 2022, Arkema announced high-voltage coating solutions for electric vehicles. The two new polyamide 11 powder coating grades with UL certification were introduced for use in electric vehicle battery systems and other applications. Thus, the growing usage of powder coatings for EVs drives the market.
Powder Coatings Market Challenge
High Initial Investment
The major restraint in the Powder Coatings market is the high initial investment required to set up the powder coating equipment. Liquid coating applications only require a spray gun and a spray area. Comparatively, a powder coating workshop needs a spray gun, spray booth and curing oven. The addition of the curing oven adds significantly to the initial start-up costs for powder coating. The size of the curing oven purchased needs to take into account the maximum part size that can effectively be handled. Larger, thicker and heavier parts require a larger and more powerful oven, which further adds to the overall equipment costs. While metals can be powder coated using electrostatic spray deposition, non-metals require a fluidized bed powder coating application. The need for a fluidized bed also increases the overall equipment costs for the establishment of a complete powder coating facility. This can prove to be a challenge for the powder coatings market.
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Powder Coatings Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Powder Coatings market. The top 10 companies in the Powder Coatings Market are:
PPG Industries
AkzoNobel Powder Coatings
BASF SE
Axalta Coating Systems
The Sherwin Williams Company
Jotun
Valspar Corporation
Nippon Paint Holdings Co. Ltd.
Kansai Nerolac Paints Limited
Tiger Coatings
Recent Developments
In June 2022, Polychem launched a new powder coating collection called the Effects Collection. The collection features powder special effects, such as speckles, translucents, metallics, sparkle translucent, veins, patina effects, river textures, fine textures and dramatic illusion colors, available in a variety of colors.
In May 2022, AkzoNobel Powder Coatings launched a comprehensive range of ready-to-ship powder coatings ranges specifically for the North American market. The range comprises approximately 500 unique powder coatings, with a broad variety of premium quality colors, textures and finishes.
In February 2022, PPG announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy. The acquisition will enable PPG to expand its powder coatings offering in the Europe, Middle East and Africa (EMEA) region.
#Powder Coatings Market#Powder Coatings Market Share#Powder Coatings Market Size#Powder Coatings Market Forecast#Powder Coatings Market Report#Powder Coatings Market Growth
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The report "Polyolefin Powders Market by Chemistry (Polyethylene, Polypropylene, and EVA), Application (Rotomolding, Masterbatch), End-Use Industry (Tanks & Containers, Transportation, Coatings, Cosmetics, Battery, Construction), and Region - Global Forecast to 2022" The polyolefin powders market is projected to reach USD 8.48 Billion by 2022. The market size of polyolefin powders is projected to grow from USD 6.76 Billion in 2017 to USD 8.48 Billion by 2022, at a CAGR of 4.62% from 2017 to 2022. It is driven by a wide range of end-use industries, namely, toys, tanks & containers, automotive & transportation, paints & coatings, cosmetics, batteries, and building & construction. In addition, the high demand for rotomolding and masterbatch applications in toys, tanks & containers, automotive & transportation, and paints & coatings end-use industries is expected to drive the market.
#Polyolefin Powders#Polyolefin Powders Market#Polyolefin Powders Market Share#Polyolefin Powders Market Size#Polyolefin
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Polyolefin Powders Market Competitive Landscape, Growth Factors, Revenue Analysis, 2020–2028
The development of tanks and containter industries owing to the rise in demand for consumers are propelling the market growth.
Polyolefin Powders Market Size – USD 7,834.8 Million in 2020, Market Growth - CAGR of 4.70%, Market Trends – The advent of environment friendly chemicals.
The ‘Global Polyolefin Powders Market Insights, Forecast to 2028’ offers a comprehensive evaluation of the Polyolefin Powders market on the global scale and sheds light on the growth opportunities and prospects to help readers formulate strategic plans. The report also offers relevant and useful information to help the new entrants and established companies strengthen their market position and formulate strategic approaches to gain a robust footing in the market. The report offers information on the overall market trends and analyzes historical data to offer accurate forecast estimations. The report also provides insightful data about market capacities, technological advancements, R&D developments, and other key features.
The report is furnished with the latest market scenario and financial condition pertaining to the after-effects of the COVID-19 pandemic. The report assesses the impact of the COVID-19 pandemic on the Polyolefin Powders market and key segments. The report analyses the present and future impact of the pandemic on the Polyolefin Powders market. The report also studies the impact of the COVID-19 pandemic on the global supply chains and economic scenario of the industry. It considers the COVID-19 pandemic as a key factor influencing the growth of the Polyolefin Powders market.
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Key Manufacturers in the Global Polyolefin Powders Market:
Key participants are Exxon Mobil, Lyondellbasell, Ineos Group Holdings S.A., Merck KGaA, Borealis AG, Eastman Chemical, Axalta Coating Systems, Mitsui Chemicals, SABIC, and Wacker Chemie, among others.
The report offers an in-depth analysis of the value chain, upstream and downstream factors, sales network and distribution channels, growth trends, driving and restraining factors, developments, production and consumption pattern, end-users, and regional bifurcation. The report also provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data.
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/polyolefin-powders-market
The report for the Polyolefin Powders market is formulated through the segmentation and sub-segmentation of the market to offer a better understanding of the market. The report also provides an extensive regional segmentation to offer the readers key insights into the spread of the market over key geographical regions. The report also offers a country-wide analysis of the Polyolefin Powders market to gain deeper insights into the business sphere. The regional segmentation also covers the operations of the key players specific to each region.
Chemical Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Polyethylene
Polypropylene
EVA
Others
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Rotomolding
Masterbatch
SMC
BMC
Dusting Agents
Sintering Agents
Others
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Toys, tanks & containers
Automotive & Transportation
Paints & Coatings
Cosmetics
Battery
Building & construction
Others
Polyolefin Powders Market Segmentation by Region:
North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Scope of the Polyolefin Powders Market Report:
The report offers an extensive assessment of the growth rate and the market size based on the dynamics of the industry and the factors influencing the growth of the market. The report is formulated through authentic sources and verified and validated by industry experts. The report has been formulated through extensive primary and secondary research. It also covers the evaluation of market and competitive landscape along with SWOT analysis and Porter’s Five Forces analysis of the leading companies.
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#Polyolefin Powders Market#Polyolefin Powders Industry#Polyolefin Powders Market size#Polyolefin Powders Market share#Polyolefin Powders
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Polyolefin Powders Market – Size ,Huge Growth Opportunity Market Size, Share, Countries, Companies and Industry Segmentation Development by 2027
Regional Analysis
The polyolefin powders market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global polyolefin powders market in 2017 on account of the high demand in major end-use industries such as automotive, construction, and electronics in the region.
The North American market is expected to witness significant growth due to the demand from the food packaging, construction, automotive, and aerospace industries.
The high production and trading of automotive parts in Western European countries such as Germany, the UK, Italy, and France are expected to drive product demand during the forecast period.
Competitive Analysis
Some of the manufacturers operating in the global polyolefin powders market are LyondellBasell Industries Holdings BV (Netherlands), Exxon Mobil Corporation (US), INEOS (UK), Merck KGaA (Germany), SABIC (Saudi Arabia), Borealis AG (Austria), Eastman Chemical Company (US), Axalta Coating Systems (US), Wacker Chemie AG (Germany), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), and Sumitomo Seika Chemicals Co., Ltd (Japan).
The global polyolefin powders market has been segmented by type, application, end-use industry, and region.
By type, the global polyolefin powders market size has been segmented into polypropylene (PP), polyethylene (PE), and ethylene-vinyl acetate (EVA). The PE segment is expected to lead the market due to the extensive use of PE powder in rotomolding as it offers high flexibility, excellent wrap resistance, consistent shrinkage, and cost-effectiveness. Additionally, it does not require stabilization additives to be thermally stable and can be molded using high temperature, high-speed rotational molding equipment without excessive oxidation. PP powders have polymers, pigments, fillers, and reinforcing agents added to them, which has led to their widespread use to produce additive masterbatches, mineral-filled masterbatches and compounds, elastomer-modified compounds, glass fiber, and woodstock-reinforced compounds.
Based on application, the market has been segmented into rotomolding, masterbatches, SMC, BMC, dusting agents, sintering agents, binding agents, carpet applications, and others. Rotomolding is used to manufacture tanks and containers, toys, leisure products, industrial products such as recycling units, blower housing, and water filtration systems, transportation products such as diesel fuel tanks, tractor dashboards, wheel arches, instrument panels, and ducting, medical products such as stretchers, casing for medical specimens and samples, facial oxygen masks, and paramedic cases, and marine industry products such as ideal floats, buoys, dock floats, and pool liners, as well as recreational watercraft such as pontoons and kayaks.
The market has been segmented, by end-use industry, into electronics, food packaging, construction, automotive, textiles, medical, and others. The automotive is expected to be dominant due to the extensive use of polymeric compounds in the manufacturing of automobiles. The demand for lightweight and fuel-efficient automobiles to meet stringent regulations for volatile organic compound (VOC) emissions has resulted in an increased use of plastic materials in automobiles. The construction segment is expected to account for the second-largest market share due to rapid industrialization across the globe.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Polyolefin Powder Market is set to see Revolutionary growth in decade
Stratview Research has launched a new report on the Polyolefin Powder Market, which is segmented by Product Type, by Application Type, by Material Type, and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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The Polyolefin Powder Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Polyolefin Powder is the increasing demand for Polyolefin Powder in various industries.
This report on the Polyolefin Powder Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Polyolefin Powder Market. The report intends to present a thorough analysis of the Polyolefin Powder Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Polyolefin Powder Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Polyolefin Powder Market are-
Borealis AG
Coperion GmbH
Eastman Chemical Company
Exxon Mobil Corporation
Ineos Group Holdings S.A.
LyondellBasell Industries N.V.
Merck KGaA
Mitsui Chemicals
SABIC
Wacker Chemie
Others.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Polyolefin Powder Market value and growth drivers over the trend period of 2022-27. According to the report -
Polyolefin powder market is likely to witness a healthy CAGR of 4.3% during the forecast period. The prime factor that is contributing to the demand for polyolefin powders is their increasing usage mainly in rotomolding application in the tank & container industry and sheet and bulk molding compounds in the automotive and transportation industries.
Segment Analysis:
Based on Application Type:
Based on the application type, the polyolefin powder market is segmented as rotomolding, masterbatch, and others. Rotomolding is expected to remain the dominant application segment of the market, as it offers greater flexibility, more consistent shrinkage, excellent wrap-resistance, and is one of the cost-effective processes to manufacture tanks for automotive fuel, water, oil, septic, chemical, etc.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing polyolefin powder market during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is associated with the demand for tanks, containers, and automotive fuel tanks, which is generating huge demand for polyolefin powders. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Powder Coatings Market Outlook, Growth, Share and Forecast by 2028
Powder Coatings Industry Overview
The global powder coatings market size was valued at USD 11.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2%.
The emerging economies of Asia Pacific and MEA regions have witnessed strong growth in non-residential sectors including consumer goods, IT, telecom, and retail resulting in growth in product demand. The growing number of consumer goods companies in India, China, and Singapore is expected to augment market development in the near future. Powder coatings have numerous advantages over other coatings, such as lower operating costs, immediate availability, negligible VOC emission, excellent appearance, and uniform thickness.
In addition, they are relatively easy to apply in thick layers of coating, which results in a smooth, uniform appearance.
Gather more insights about the market drivers, restrains and growth of the Global Powder Coatings Market
A rise in the production of automobiles and the surge in demand for medical devices are expected to be major factors driving the market growth in developing nations including India, China, Brazil, and Mexico over the forecast period. Moreover, high product adoption in the furniture sector on account of its excellent performance, low operational costs, color availability, and custom properties, such as anti-corrosion and anti-bacterial functions, will stimulate market growth.
Powder coatings do not contain any solvents, which results in negligible emission of VOC in the atmosphere and reduced risk in combustion during application and storage. In addition, the powder can be easily washed off when it comes in contact with human skin, which reduces health hazards for operators.
Raw materials used in product manufacturing include thermoplastic and thermoset resins. Thermoplastic comprises nylon, PVC, polyolefin, ABS, and polycarbonate coatings while thermoset comprises coatings made of epoxy, polyester, polyurethane, and acrylic coatings. Volatility in raw material prices affects the powder coating raw material pricing.
Browse through Grand View Research’s Paints, Coatings And Printing Inks Industry Research Reports.
• Plastic Compounds Market: The plastic compounds market size was valued at USD 66.74 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. Increasing demand from the automotive industry is anticipated to significantly drive the market growth during the forecast period. • Modified Polypropylene Market: The global modified polypropylene market size was valued at USD 34.12 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2030. The growth of the market is attributed to the use of modified polypropylene in the automotive, electrical and electronics, packaging, medical, building and construction, and other industries.
Powder Coatings Market Segmentation
Grand View Research has segmented the global powder coatings market on the basis of resin, application, and region:
Powder Coatings Resin Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2028)
• Epoxy
• Polyester
• Epoxy-polyester (Hybrid)
• Acrylic
• Polyurethane
• Others
Powder Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2028)
• Consumer Goods
• Architectural
• Automotive
• General Industries
• Furniture
• Others
Powder Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2028)
• North America
• Europe
• Asia Pacific
• Central and South America
• Middle East and Africa
Key Companies profiled:
Some prominent players in the Global Powder Coatings Market include
• Akzo Nobel N.V
• The Sherwin-Williams Company
• PPG Industries, Inc.
• BASF SE
• DSM
• Valspar
• Arkema S.A.
• Bayer AG
Order a free sample PDF of the Powder Coatings Market Intelligence Study, published by Grand View Research.
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EMEA Powder Coatings Market Size Forecast to Reach $4.1 Billion by 2026
EMEA Powder Coatings market size is forecast to reach US$4.1 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Powder coating is a dry finishing coating technique used on a different range of products for improving the protective characteristics and visual appeal of the products. The electrostatic spray is one of the most used methods of applying powder coating materials. Polyolefin coating is known as the most versatile coating used among automotive applications. The increasing disposable income and growing demand and usage of consumer goods are some of the major factors expected to propel the market growth during the forecast period. The growing automobile industry in the European region along with an increase in the production of passenger vehicles in the region are driving the market growth between 2021-2026. These coatings have a low impact on the environment, so the majority of end-users are using EMEA Powder Coatings compared to others coating techniques. The growing construction activities in Europe and MEA region are also supporting the market growth during the forecast period. However, environmental challenges are hampering the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the coatings industry. Due to the Covid-19, the construction and automotive industry are impacted very badly which further impacted the powder coating market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. Delay in construction activities across the globe and economic crises are also challenging the market growth.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=18614
Report Price: $ 4300 (Single User License)
EMEA Powder Coatings Market Segment Analysis - By Resin Type
The thermoset resin segment accounted for the largest market share in the EMEA powder coatings market. The polyester resin type accounted for approximately 25% of the thermoset resin type segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. Thermoset resin offers superior properties such as quick-drying, surface protection, chemical resistance, abrasion resistance, temperature resistance, and others. Thermoset components are extensively used in a wide range of industries such as appliance, electrical, automotive, and others. These are some of the major factors driving the market growth for thermoset resin type during the forecast period. The Epoxy resin segment is expected to grow at a high CAGR of 5.1% during the forecast period, owing to its high toughness, flexibility, and weather ability properties.
EMEA Powder Coatings Market Segment Analysis – By Substrate
The metal segment accounted for more than 50% of the market share in 2020 and is estimated to grow significantly during the forecast period. Metal substrates include steel, aluminum, metal substrates find their usage in different industries such as construction, consumer appliances, aerospace, automotive, electric & electronics, and others. Metal products offer high strength, toughness, ductility, weldability, durability, and others. These are some of the major properties expected to propel the market growth during the forecast period
EMEA Powder Coatings Market Segment Analysis – By Coating method
The fluidized spray segment is expected to hold a significant share in the market also expected to register decent growth during the forecast period. The process is used for coatings between 10-15 mils. The process offers various advantages such as uniform coating, thick coating, low investment and maintenance costs, and others. These are the major factors propelling the market growth during the forecast period. The electrostatic spray method is expected to grow at a rapid pace during the forecast period. The automotive industry uses electrostatic spray coating to coat car body panels.
EMEA Powder Coatings Market Segment Analysis – By End-Use Industry
The automotive segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. The presence of leading automotive companies in Europe such as BMW Group, Fiat Chrysler Automobiles, DAF Trucks, Daimler, Jaguar Land Rover, PSA Group, and Renault Group among others are supporting the market growth. Rapid utilization of high-quality metal solutions in the manufacturing of automotive parts and components is supporting automotive growth. The household appliances segment is expected to register a decent share in the EMEA powder coatings market. Growing demand for consumer appliances such as fans, washing machines, refrigerators, and others are also boosting the market growth during the forecast period.
EMEA Powder Coatings Market Segment Analysis - By Geography
Europe region held the largest share in the EMEA powder coatings market in 2020 up to 80%, due to increased consumer spending, rising per capita income, and varying consumer. The presence of well-developed nations such as the Germany, U.K., France, and others are driving the market growth in the region. Germany is one of the leading countries involved in the usage of powder coatings. Socioeconomic developments by the regional governments along with the housing subsidies will positively impact the architectural & build sector in the European region. According to the data published by the Ministry of Housing, Communities and Local Government, about 160,640 new build dwelling are started in England in 2019. They also mention that approximately 173,660 new house constructions are completed in 2019. According to the data published by Federal Statistical Office, approximately 306,376 new dwellings are constructed in Germany during the year 2020. They also mention that the German government has issued new permits for 368,589 dwellings in 2020.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18614
EMEA Powder Coatings Market Drivers:
Growing construction industry
The usage of powder coating in the construction sector is increasing gradually due to its protective properties from the environment. Over the past few years, construction industries are growing significantly. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. The construction sector plays an important role in the European economy. According to the data published by European Commission, the construction sector provides 18 million direct jobs and contributes to about 9% of the EU's GDP. The UAE construction sector recorded growth of 3.3 percent in 2019 and it is expected to register 4.3% by 2021. According to the Khaleej times, approximately US$198.8 billion worth of projects were completed in the GCC in 2019.
Growth in various end-use industries
Powder coatings find their applications in various end-use industries such as automotive, appliances, furniture, architectural, general industrial, and others. There is a constantly growing demand for powder coatings with new applications in the end-use industries. The furniture and appliances industries will grow steadily in the future. IT and telecom are also new markets, where applications of powder coatings are extensively explored. The coatings are used for window handles, door handles, bumpers, radiator coil springs, shock absorbers, and breaking parts in the automotive industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020.
EMEA Powder Coatings Market Challenges:
Environmental challenges
The powder coating industry is facing many environmental challenges globally. The increasing state and local regulations regarding wastewater discharge are restraining the market growth. Powder coating operations include metals, oil & grease, and suspended solids they generate waste streams during cleaning and pre-treatment operations. Metal finishing companies using electroplating processes are facing the challenges of heavy metal contamination in wastewater.
EMEA Powder Coatings Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the EMEA Powder Coatings market. Major players in the EMEA Powder Coatings market are Kansai Paint Co., LTD, Asian Paints, Jotun and Evonik Industries AG, PPG Industries, Inc., The Sherwin-Williams Company, Valspar Industrial, Akzo Nobel NV, BASF SE, Koninklijke DSM NV, Arkema SA, DuPont, TCI Powder, Kansai Paint Co., Ltd, and others.
Acquisitions/Technology Launches
In March 2020, PPG acquired Alpha Coating Technologies, a light industrial powder coatings manufacturer. Alpha focuses on the development, manufacture, and sale of powder coatings for light industrial applications; medium density fiberboard and heat-sensitive substrates
In July 2019, Akzo Nobel company planned to add three new production lines at its Changzhou powder coatings plant in China. The US$ 3.3 million investments will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector
Related Reports
A.High Performance Pigments Market
https://www.industryarc.com/Report/11658/high-performance-pigments-market.html
B.Decorative Coating Market
https://www.industryarc.com/Report/11716/decorative-coating-market.html
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Cyclodextrin Market Trends, Demand & Future Scope till 2032
Cyclodextrin Market provides in-depth analysis of the market state of Cyclodextrin manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Cyclodextrin in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Cyclodextrin Market Report:
The report offers a comprehensive and broad perspective on the global Cyclodextrin Market.
The market statistics represented in different Cyclodextrin segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Cyclodextrin are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Cyclodextrin.
Major stakeholders, key companies Cyclodextrin, investment feasibility and new market entrants study is offered.
Development scope of Cyclodextrin in each market segment is covered in this report. The macro and micro-economic factors affecting the Cyclodextrin Market
Advancement is elaborated in this report. The upstream and downstream components of Cyclodextrin and a comprehensive value chain are explained.
Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/cyclodextrin-market-100564
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EMEA Powder Coatings Market Size Forecast to Reach $4.1 Billion by 2026
EMEA Powder Coatings market size is forecast to reach US$4.1 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Powder coating is a dry finishing coating technique used on a different range of products for improving the protective characteristics and visual appeal of the products. The electrostatic spray is one of the most used methods of applying powder coating materials. Polyolefin coating is known as the most versatile coating used among automotive applications. The increasing disposable income and growing demand and usage of consumer goods are some of the major factors expected to propel the market growth during the forecast period. The growing automobile industry in the European region along with an increase in the production of passenger vehicles in the region are driving the market growth between 2021-2026. These coatings have a low impact on the environment, so the majority of end-users are using EMEA Powder Coatings compared to others coating techniques. The growing construction activities in Europe and MEA region are also supporting the market growth during the forecast period. However, environmental challenges are hampering the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the coatings industry. Due to the Covid-19, the construction and automotive industry are impacted very badly which further impacted the powder coating market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. Delay in construction activities across the globe and economic crises are also challenging the market growth.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=18614
Report Price: $ 4300 (Single User License)
EMEA Powder Coatings Market Segment Analysis - By Resin Type
The thermoset resin segment accounted for the largest market share in the EMEA powder coatings market. The polyester resin type accounted for approximately 25% of the thermoset resin type segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. Thermoset resin offers superior properties such as quick-drying, surface protection, chemical resistance, abrasion resistance, temperature resistance, and others. Thermoset components are extensively used in a wide range of industries such as appliance, electrical, automotive, and others. These are some of the major factors driving the market growth for thermoset resin type during the forecast period. The Epoxy resin segment is expected to grow at a high CAGR of 5.1% during the forecast period, owing to its high toughness, flexibility, and weather ability properties.
EMEA Powder Coatings Market Segment Analysis – By Substrate
The metal segment accounted for more than 50% of the market share in 2020 and is estimated to grow significantly during the forecast period. Metal substrates include steel, aluminum, metal substrates find their usage in different industries such as construction, consumer appliances, aerospace, automotive, electric & electronics, and others. Metal products offer high strength, toughness, ductility, weldability, durability, and others. These are some of the major properties expected to propel the market growth during the forecast period
EMEA Powder Coatings Market Segment Analysis – By Coating method
The fluidized spray segment is expected to hold a significant share in the market also expected to register decent growth during the forecast period. The process is used for coatings between 10-15 mils. The process offers various advantages such as uniform coating, thick coating, low investment and maintenance costs, and others. These are the major factors propelling the market growth during the forecast period. The electrostatic spray method is expected to grow at a rapid pace during the forecast period. The automotive industry uses electrostatic spray coating to coat car body panels.
EMEA Powder Coatings Market Segment Analysis – By End-Use Industry
The automotive segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. The presence of leading automotive companies in Europe such as BMW Group, Fiat Chrysler Automobiles, DAF Trucks, Daimler, Jaguar Land Rover, PSA Group, and Renault Group among others are supporting the market growth. Rapid utilization of high-quality metal solutions in the manufacturing of automotive parts and components is supporting automotive growth. The household appliances segment is expected to register a decent share in the EMEA powder coatings market. Growing demand for consumer appliances such as fans, washing machines, refrigerators, and others are also boosting the market growth during the forecast period.
EMEA Powder Coatings Market Segment Analysis - By Geography
Europe region held the largest share in the EMEA powder coatings market in 2020 up to 80%, due to increased consumer spending, rising per capita income, and varying consumer. The presence of well-developed nations such as the Germany, U.K., France, and others are driving the market growth in the region. Germany is one of the leading countries involved in the usage of powder coatings. Socioeconomic developments by the regional governments along with the housing subsidies will positively impact the architectural & build sector in the European region. According to the data published by the Ministry of Housing, Communities and Local Government, about 160,640 new build dwelling are started in England in 2019. They also mention that approximately 173,660 new house constructions are completed in 2019. According to the data published by Federal Statistical Office, approximately 306,376 new dwellings are constructed in Germany during the year 2020. They also mention that the German government has issued new permits for 368,589 dwellings in 2020.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18614
EMEA Powder Coatings Market Drivers:
Growing construction industry
The usage of powder coating in the construction sector is increasing gradually due to its protective properties from the environment. Over the past few years, construction industries are growing significantly. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. The construction sector plays an important role in the European economy. According to the data published by European Commission, the construction sector provides 18 million direct jobs and contributes to about 9% of the EU's GDP. The UAE construction sector recorded growth of 3.3 percent in 2019 and it is expected to register 4.3% by 2021. According to the Khaleej times, approximately US$198.8 billion worth of projects were completed in the GCC in 2019.
Growth in various end-use industries
Powder coatings find their applications in various end-use industries such as automotive, appliances, furniture, architectural, general industrial, and others. There is a constantly growing demand for powder coatings with new applications in the end-use industries. The furniture and appliances industries will grow steadily in the future. IT and telecom are also new markets, where applications of powder coatings are extensively explored. The coatings are used for window handles, door handles, bumpers, radiator coil springs, shock absorbers, and breaking parts in the automotive industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020.
EMEA Powder Coatings Market Challenges:
Environmental challenges
The powder coating industry is facing many environmental challenges globally. The increasing state and local regulations regarding wastewater discharge are restraining the market growth. Powder coating operations include metals, oil & grease, and suspended solids they generate waste streams during cleaning and pre-treatment operations. Metal finishing companies using electroplating processes are facing the challenges of heavy metal contamination in wastewater.
EMEA Powder Coatings Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the EMEA Powder Coatings market. Major players in the EMEA Powder Coatings market are Kansai Paint Co., LTD, Asian Paints, Jotun and Evonik Industries AG, PPG Industries, Inc., The Sherwin-Williams Company, Valspar Industrial, Akzo Nobel NV, BASF SE, Koninklijke DSM NV, Arkema SA, DuPont, TCI Powder, Kansai Paint Co., Ltd, and others.
Acquisitions/Technology Launches
In March 2020, PPG acquired Alpha Coating Technologies, a light industrial powder coatings manufacturer. Alpha focuses on the development, manufacture, and sale of powder coatings for light industrial applications; medium density fiberboard and heat-sensitive substrates
In July 2019, Akzo Nobel company planned to add three new production lines at its Changzhou powder coatings plant in China. The US$ 3.3 million investments will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector
Related Reports
A.High Performance Pigments Market
https://www.industryarc.com/Report/11658/high-performance-pigments-market.html
B.Decorative Coating Market
https://www.industryarc.com/Report/11716/decorative-coating-market.html
For more Chemicals and Materials Market reports, please click here
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EMEA Powder Coatings Market Size Forecast to Reach $4.1 Billion by 2026
EMEA Powder Coatings market size is forecast to reach US$4.1 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Powder coating is a dry finishing coating technique used on a different range of products for improving the protective characteristics and visual appeal of the products. The electrostatic spray is one of the most used methods of applying powder coating materials. Polyolefin coating is known as the most versatile coating used among automotive applications. The increasing disposable income and growing demand and usage of consumer goods are some of the major factors expected to propel the market growth during the forecast period. The growing automobile industry in the European region along with an increase in the production of passenger vehicles in the region are driving the market growth between 2021-2026. These coatings have a low impact on the environment, so the majority of end-users are using EMEA Powder Coatings compared to others coating techniques. The growing construction activities in Europe and MEA region are also supporting the market growth during the forecast period. However, environmental challenges are hampering the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the coatings industry. Due to the Covid-19, the construction and automotive industry are impacted very badly which further impacted the powder coating market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. Delay in construction activities across the globe and economic crises are also challenging the market growth.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=18614
Report Price: $ 4300 (Single User License)
EMEA Powder Coatings Market Segment Analysis - By Resin Type
The thermoset resin segment accounted for the largest market share in the EMEA powder coatings market. The polyester resin type accounted for approximately 25% of the thermoset resin type segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. Thermoset resin offers superior properties such as quick-drying, surface protection, chemical resistance, abrasion resistance, temperature resistance, and others. Thermoset components are extensively used in a wide range of industries such as appliance, electrical, automotive, and others. These are some of the major factors driving the market growth for thermoset resin type during the forecast period. The Epoxy resin segment is expected to grow at a high CAGR of 5.1% during the forecast period, owing to its high toughness, flexibility, and weather ability properties.
EMEA Powder Coatings Market Segment Analysis – By Substrate
The metal segment accounted for more than 50% of the market share in 2020 and is estimated to grow significantly during the forecast period. Metal substrates include steel, aluminum, metal substrates find their usage in different industries such as construction, consumer appliances, aerospace, automotive, electric & electronics, and others. Metal products offer high strength, toughness, ductility, weldability, durability, and others. These are some of the major properties expected to propel the market growth during the forecast period
EMEA Powder Coatings Market Segment Analysis – By Coating method
The fluidized spray segment is expected to hold a significant share in the market also expected to register decent growth during the forecast period. The process is used for coatings between 10-15 mils. The process offers various advantages such as uniform coating, thick coating, low investment and maintenance costs, and others. These are the major factors propelling the market growth during the forecast period. The electrostatic spray method is expected to grow at a rapid pace during the forecast period. The automotive industry uses electrostatic spray coating to coat car body panels.
EMEA Powder Coatings Market Segment Analysis – By End-Use Industry
The automotive segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. The presence of leading automotive companies in Europe such as BMW Group, Fiat Chrysler Automobiles, DAF Trucks, Daimler, Jaguar Land Rover, PSA Group, and Renault Group among others are supporting the market growth. Rapid utilization of high-quality metal solutions in the manufacturing of automotive parts and components is supporting automotive growth. The household appliances segment is expected to register a decent share in the EMEA powder coatings market. Growing demand for consumer appliances such as fans, washing machines, refrigerators, and others are also boosting the market growth during the forecast period.
EMEA Powder Coatings Market Segment Analysis - By Geography
Europe region held the largest share in the EMEA powder coatings market in 2020 up to 80%, due to increased consumer spending, rising per capita income, and varying consumer. The presence of well-developed nations such as the Germany, U.K., France, and others are driving the market growth in the region. Germany is one of the leading countries involved in the usage of powder coatings. Socioeconomic developments by the regional governments along with the housing subsidies will positively impact the architectural & build sector in the European region. According to the data published by the Ministry of Housing, Communities and Local Government, about 160,640 new build dwelling are started in England in 2019. They also mention that approximately 173,660 new house constructions are completed in 2019. According to the data published by Federal Statistical Office, approximately 306,376 new dwellings are constructed in Germany during the year 2020. They also mention that the German government has issued new permits for 368,589 dwellings in 2020.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18614
EMEA Powder Coatings Market Drivers:
Growing construction industry
The usage of powder coating in the construction sector is increasing gradually due to its protective properties from the environment. Over the past few years, construction industries are growing significantly. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. The construction sector plays an important role in the European economy. According to the data published by European Commission, the construction sector provides 18 million direct jobs and contributes to about 9% of the EU's GDP. The UAE construction sector recorded growth of 3.3 percent in 2019 and it is expected to register 4.3% by 2021. According to the Khaleej times, approximately US$198.8 billion worth of projects were completed in the GCC in 2019.
Growth in various end-use industries
Powder coatings find their applications in various end-use industries such as automotive, appliances, furniture, architectural, general industrial, and others. There is a constantly growing demand for powder coatings with new applications in the end-use industries. The furniture and appliances industries will grow steadily in the future. IT and telecom are also new markets, where applications of powder coatings are extensively explored. The coatings are used for window handles, door handles, bumpers, radiator coil springs, shock absorbers, and breaking parts in the automotive industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020.
EMEA Powder Coatings Market Challenges:
Environmental challenges
The powder coating industry is facing many environmental challenges globally. The increasing state and local regulations regarding wastewater discharge are restraining the market growth. Powder coating operations include metals, oil & grease, and suspended solids they generate waste streams during cleaning and pre-treatment operations. Metal finishing companies using electroplating processes are facing the challenges of heavy metal contamination in wastewater.
EMEA Powder Coatings Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the EMEA Powder Coatings market. Major players in the EMEA Powder Coatings market are Kansai Paint Co., LTD, Asian Paints, Jotun and Evonik Industries AG, PPG Industries, Inc., The Sherwin-Williams Company, Valspar Industrial, Akzo Nobel NV, BASF SE, Koninklijke DSM NV, Arkema SA, DuPont, TCI Powder, Kansai Paint Co., Ltd, and others.
Acquisitions/Technology Launches
In March 2020, PPG acquired Alpha Coating Technologies, a light industrial powder coatings manufacturer. Alpha focuses on the development, manufacture, and sale of powder coatings for light industrial applications; medium density fiberboard and heat-sensitive substrates
In July 2019, Akzo Nobel company planned to add three new production lines at its Changzhou powder coatings plant in China. The US$ 3.3 million investments will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector
Related Reports
A.High Performance Pigments Market
https://www.industryarc.com/Report/11658/high-performance-pigments-market.html
B.Decorative Coating Market
https://www.industryarc.com/Report/11716/decorative-coating-market.html
For more Chemicals and Materials Market reports, please click here
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3D Printing Elastomers Market Is Expected To Reach New Growth Revenues During 2021-2028
The global 3D printing elastomers market size is expected to reach USD 967.3 million by 2028 according to a new study by Polaris Market Research. The report “3D Printing Elastomers Market Share, Size, Trends, Industry Analysis Report, By Type (Thermoplastic Elastomers, Thermoset Elastomers); By Form; By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Increasing demand for updated and high-performance cars, as well as rising applications in the healthcare sector, particularly in Asia-Pacific’s countries, contribute to market growth. 3D polymers are being used during the COVID-19 outbreak to develop PPE kits, medical and testing devices, training and visualization aids, and emergency dwellings.
However, the automotive, aerospace and defense, and consumer goods sectors demand has reduced during the pandemic owing to operational challenges, transportation delays, and travel restrictions.
The different forms of the product include liquid, powder, and filament. The powder segment dominated the global market for products in 2020. The demand for powders is high owing to the increasing need to reduce costs and time associated with product manufacturing. Powder polymers are used in wide applications such as automotive, healthcare, and consumer goods.
The different types of polymers include thermoplastic and thermoset. Thermoplastic products include styrenic block copolymers, thermoplastic polyolefins, thermoplastic vulcanizates, thermoplastic polyurethanes, and thermoplastic copolyesters.
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Printing polymers are used in diverse industries such as automotive and transportation, aerospace and defense, healthcare, industrial, consumer goods, electrical and electronics, and others. The automotive segment holds a major revenue share in 2020.
The use of polymers in the vehicle body increases durability and strength while reducing overall weight. Manufacturing complex automotive components through printing provides improved efficiency, lighter weight, and higher energy efficiency.
Technological advancements and investments in research and development have boosted the demand for printing polymers. Leading global players are increasing their presence in emerging countries such as Japan, China, India, and South Korea in order to capitalize on the growth possibilities these countries provide.
The leading industry players include 3D Systems Inc.; Arkema SA; BASF SE; Carbon Inc.; Dow Chemical Company; EnvisionTEC; EOS; Evonik Industries AG; ExOne; Formlabs; Henkel; HP Development Company, L.P.; Impossible Objects; LANXESS; Materialise NV; Proto Labs Inc.; Sinterit; Stratasys Ltd.; The Lubrizol Corporation; Voxeljet AG; and Zortrax.
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Polaris Market Research has segmented the 3D printing elastomers market report on the basis of form, type, end-use, and region:
3D Printing Elastomers, Form Outlook (Revenue, USD Million, 2016 – 2028)
Liquid
Powder
Filament
3D Printing Elastomers, Type Outlook (Revenue, USD Million, 2016 – 2028)
Thermoplastic
Thermoset
3D Printing Elastomers, End-Use Outlook (Revenue, USD Million, 2016 – 2028)
Automotive & Transportation
Aerospace & Defense
Healthcare
Industrial
Consumer Goods
Electrical & Electronics
Others
3D Printing Elastomers, Regional Outlook (Revenue, USD Million, 2016 – 2028)
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
U.S.
Canada
Germany
UK
France
Italy
Spain
Netherlands
Austria
China
India
Japan
South Korea
Indonesia
Malaysia
Brazil
Mexico
Argentina
Saudi Arabia
South Africa
Israel
UAE
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Polyolefin Powders Market -Size, Share, Growth 2021 Global Industry New Updates Latest Trends, Analysis & Insights Positive Long-Term Growth Outlook 2024 forecast till 2027
Regional Analysis
The polyolefin powders market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global polyolefin powders market in 2017 on account of the high demand in major end-use industries such as automotive, construction, and electronics in the region.
The North American market is expected to witness significant growth due to the demand from the food packaging, construction, automotive, and aerospace industries.
The high production and trading of automotive parts in Western European countries such as Germany, the UK, Italy, and France are expected to drive product demand during the forecast period.
Competitive Analysis
Some of the manufacturers operating in the global polyolefin powders market are LyondellBasell Industries Holdings BV (Netherlands), Exxon Mobil Corporation (US), INEOS (UK), Merck KGaA (Germany), SABIC (Saudi Arabia), Borealis AG (Austria), Eastman Chemical Company (US), Axalta Coating Systems (US), Wacker Chemie AG (Germany), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), and Sumitomo Seika Chemicals Co., Ltd (Japan).
The global polyolefin powders market has been segmented by type, application, end-use industry, and region.
By type, the global polyolefin powders market has been segmented into polypropylene (PP), polyethylene (PE), and ethylene-vinyl acetate (EVA). The PE segment is expected to lead the market due to the extensive use of PE powder in rotomolding as it offers high flexibility, excellent wrap resistance, consistent shrinkage, and cost-effectiveness. Additionally, it does not require stabilization additives to be thermally stable and can be molded using high temperature, high-speed rotational molding equipment without excessive oxidation. PP powders have polymers, pigments, fillers, and reinforcing agents added to them, which has led to their widespread use to produce additive masterbatches, mineral-filled masterbatches and compounds, elastomer-modified compounds, glass fiber, and woodstock-reinforced compounds.
Based on application, the market has been segmented into rotomolding, masterbatches, SMC, BMC, dusting agents, sintering agents, binding agents, carpet applications, and others. Rotomolding is used to manufacture tanks and containers, toys, leisure products, industrial products such as recycling units, blower housing, and water filtration systems, transportation products such as diesel fuel tanks, tractor dashboards, wheel arches, instrument panels, and ducting, medical products such as stretchers, casing for medical specimens and samples, facial oxygen masks, and paramedic cases, and marine industry products such as ideal floats, buoys, dock floats, and pool liners, as well as recreational watercraft such as pontoons and kayaks.
The market has been segmented, by end-use industry, into electronics, food packaging, construction, automotive, textiles, medical, and others. The automotive is expected to be dominant due to the extensive use of polymeric compounds in the manufacturing of automobiles. The demand for lightweight and fuel-efficient automobiles to meet stringent regulations for volatile organic compound (VOC) emissions has resulted in an increased use of plastic materials in automobiles. The construction segment is expected to account for the second-largest market share due to rapid industrialization across the globe.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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