#Powder Coatings Market Forecast

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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.

[creativeera]

Neon Paint Market is Trending Due to Increased Usage in Light-up Projects

Neon paint has emerged as one of the trending decorative paints due to its increased popularity for light-up projects across residential and commercial spaces. Neon paint has unique fluorescent pigments and photo luminescent qualities that allow it shine bright in dark surroundings once illuminated with a source of light. Neon paint provides a neon sign effect and can be used on various surfaces such as glass, wood, metal, and plastic. With growing interests in DIY light-up décor projects and glow-in-the-dark artworks, demand for neon paint has increased significantly. Neon paint comes in a variety of colors and is user-friendly giving creative control to designers and hobbyists. It is durable, weather resistant and available in spray cans and bottles for easy application. The Global Neon Paint Market is experiencing significant growth, with a valuation of US$ 394.5 Mn in 2023. It is projected to reach US$ 671.8 Mn by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period.

Key Takeaways Key players operating in the Neon Paint market are Lift Foils, F4 Foils, Horue Foil, Cabrinha, FANATIC, JP Australia, Neilpryde Windsurfing, North Sails, RRDFoils, Starboard, Slingshot Sports, Phantom Boards, Duotone, Naish International, Tabou, Exocet, GA Fins. The growing popularity of DIY projects and interest in neon artworks has propelled the demand for neon paint globally. Individual artists and small businesses making glow-in-the-dark signs have contributed to market growth. Leading neon paint manufacturers are exploring opportunities in emerging economies to expand their geographic footprint. The Neon Paint market Demand increasing purchasing power and consumption of decorative products in Asia Pacific and Middle East regions is pushing these players to enhance their presence in these high growth potential markets. Market Key Trends One of the key trends gaining popularity in the neon paint market is the launch of new product varieties with innovative formulations. Manufacturers are coming up with neon paints offering various glow effects ranging from day-glow to black-light reactive for exceptional visual appeal. Products with long lasting glow, water resistance and compatibility with multiple surfaces are witnessing high demand. Moreover, launch of LED neon paint kits and interactive lighting products using neon paint has opened new application avenues attracting creative consumers. The emerging innovations are expected to further stimulate the market growth over the coming years.

Porter’s Analysis Threat of new entrants: Paint manufacturers have to invest large amount of resources in R&D and production facilities. Bargaining power of buyers: Large buyers such as automotive manufacturers can negotiate for lower prices. Bargaining power of suppliers: Suppliers of raw materials such as argon and mercury have some control over pricing. Threat of new substitutes: Alternatives such as LEDs provide competition but neon paint offers unique glow effect. Competitive rivalry: Competition is intense as global players vie for market share. Geographical Regions North America accounts for the largest share of the neon paint market in terms of value owing to high demand from automotive and advertising industries. Asia Pacific is the fastest growing regional market due to growth in automotive and construction sectors in countries such as China and India. Major automakers use neon paints to enhance appearance of cars. Advertisers prefer neon paints signs and boards since they glow brightly even in daylight.

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[medicaldevicesindustrynews]

Liquid Category Is Expected To Lead Camouflage Coatings Market

The term “camouflage coatings” refers to coatings used on textiles, different defense or aerospace equipment, and automobiles to make them less visible or observable. The majority of these coatings are non-reflective and give the things they are applied to concealment. These coatings are perfect for hunting and sports equipment in addition to defense and aerospace equipment and vehicles. By…

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Biscuits Market - Forecast (2022 - 2027)

The Biscuits Market size is estimated to reach $129.1 billion by 2025 with a estimated CAGR of 4.9% during the forecast period 2020-2025. Biscuits are made of flour, sugar or salt, butter or vegetable shortening, and baking powder as a leavening agent. They are baked food item that is flour-based and used as a snack. These food products are available in different flavours, types, tastes, and textures. Biscuits are generally sweet in taste made from sugar or honey and some of their types are savoury or salty in taste. Biscuits are one of the most famous and preferred packaged snacks around the globe. They can be mixed along with a variety of ingredients, which include, nuts, chocolate flavour, Choco chips, sandwich fillings, which include cream-based fillings of fruit, chocolate, and jam fillings. 

Biscuits Market Report Coverage

The report: “Biscuits Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Biscuits Market. 

By Type: Crackers and Savory, Sweet Biscuits

By Packaging: Pouches/Packets, Jars, Boxes and Others

By Distribution Channel: Convenience Stores, Independent Bakery, Online Retail, Supermarket/ Hypermarket and Others

By Geography: North America, Asia Pacific, Europe, and Rest of the World.

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Key Takeaways

Geographically, Asia Pacific holds the largest share in the global Biscuits market in 2019, owing to the increasing consumer demand in the region.

Increasing disposable income of consumers and changing living standards of the middle-class population across the globe is set to boost the global biscuits market growth positively.

Competition is very high in the market with virtually no entry barriers and almost 100% penetration of the product, which is set to increase the demand of the market for the forecast period 2020-2025.

By Type - Segment Analysis

Based on type, the global Biscuits market has Crackers & Savory and Sweet biscuits. The sweet biscuit segment accounted for the largest share of the global biscuits market in 2019. In sweet biscuits, the market for the filled biscuits is poised to grow at the highest CAGR during the forecast period 2020-2025. Sweet biscuits are consumed worldwide owing to their taste, energy content, and easy availability. The high nutrient content of sweet biscuits also makes it a preferred choice of consumers. The growing preference for ready to go snacking, along with easy accessibility for consumers through the advancing retail sector, is set to help the sweet biscuits market to grow in the forecast period 2020-2025.

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By Distribution Channel - Segment Analysis

Based on the distribution channel, the global Biscuits market has Convenience Stores, Independent bakeries, Online Channels, Supermarkets/ hypermarkets, and others. The supermarkets and hypermarkets segment accounts for the largest share of the market in 2019. The online retail segment is poised to register the highest CAGR of 4.99% during the forecast period 2020-2025. This is owing to online retailing provides more discounts and wider options to purchase. Besides, the online platform becomes popular owing to its doorstep delivery. 

Supermarkets and hypermarkets are self-help shops giving a wide variety of biscuits such as sweet biscuits, savory, crackers, filled or coated, and others. Supermarkets and hypermarkets offer extensive merchandise mix along with different brands of biscuits, placed under the same roof, which helped it to occupy more revenue share. 

By Geography - Segment Analysis

The global Biscuits Market by geography had the dominant share in Asia-Pacific, in terms of revenue and market share in 2019 owing to rising middle-class population coupled with increasing disposable income in developing countries of this region such as India and China. Besides, rising demand for biscuits as an alternative for bread, and confectioneries in this region, which is surging the global biscuits market in a positive way. Europe is set to generate the highest CAGR in the market during the forecast period 2020-2025. In North America, the market is poised to drive in the forecast period 2020-2025. This is owing to the rising consumption of sandwich biscuits, especially among the working-class population in U.S. Canada, in the North American region has been driving the regional market further. 

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Drivers – Biscuits Market

The Rising Demand for Healthy Cookie

Demand for biscuits witnessed to have a rising trend owing to the product innovations involved in the sector and the use of high-quality ingredients. Biscuits, which are available in forms like multiple grains, Ragi, Oats, and others, are grabbing the attention of the millennials who tend to stay fit with ready to-go food. In addition, bakery manufacturers attract customers with innovative packaging solutions, which is set to drive growth. 

Increasing Demand for “Ready to Go” Food 

The factors that are driving the growth of the biscuits market are increasing preference for convenience and snacking. Besides, demand for biscuits is increasing owing to the innovative packaging, new flavors, and addition of ingredients, shapes, and technologies.

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Challenges – Biscuits Market

The High cost of raw materials 

High raw material cost and growing tax burden on the industry is the challenge to look after for the biscuit market growth soon. Also, the shortage of food ingredients and labor are the factors that tend to be a challenge for the biscuit market.

Biscuits Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Biscuits Market. Key companies of this market are Nestlé UK Ltd. Parle Products Pvt. Ltd, Kellogg Company, Britannia Industries Ltd., Burton's Foods Ltd, Lotus Bakeries NV, ITC, United Biscuits, Cadbury, Walkers Shortbread Ltd etc.

Acquisitions/Product Launches:

In Apr 2019 Barilla, an Italian food company has declared that it is set to begin a range of biscuits made completely of sustainable soft wheat. A division of the Buongrano line of Mulino Bianco, the product was introduced at the end of April. The biscuits were baked in the business's biggest biscuit factory, in Castiglione delle Stiviere, near Mantua, which manufactures 108,000 tonnes of biscuits per year.

In September 2018, Leading Food & Beverage Manufacturers, Mars Saudi Arabia, Kellogg's Arabia, and Nestle Middle East signed a voluntary pledge with the Saudi Food and Drug Authority (SFDA) to reduce Sugar, Salt and Fat Content in their products. The companies also pledged to place clear nutritional labels on their products.

March 2016 - The FMCG giant ITC is focusing on tapping the niche market for health biscuits, which includes digestive biscuits. To compete with brands, like Britannia Nutri Choice, McVities Digestive, and Parle Simply Good, the company launched Sunfeast Farmlite digestive biscuits in India.

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Automotive Paints Market Set to Expand: Projections & Trends Through 2028

The automotive paints industry is projected to reach USD 9.9 Billion by 2028 from an estimated USD 8.4 Billion in 2023, growing at a CAGR of 3.2% during the forecast period. The increasing in sales of EVs, growing trend for purchasing the compact and mid sized SUVs is driving the global automotive paints industry. Also, there is increase in adoption for powder coating and water-borne coating…

[amrutatbrc1]

Powder Coatings Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The powder coatings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Powder Coatings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The powder coatings market size has grown strongly in recent years. It will grow from $19.06 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to durability and corrosion resistance, industrial and manufacturing applications, automotive industry, architectural and building materials.

The powder coatings market size is expected to see strong growth in the next few years. It will grow to $26.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to sustainability and low environmental impact, renewable energy infrastructure, automotive sector expansion, customized and functional coatings. Major trends in the forecast period include technological advancements, smart coatings, nanotechnology integration, bio-based powder coatings.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing demand for the construction sector is expected to propel the growth of the powder coatings market going forward. The construction sector, also known as the construction industry, encompasses a broad range of activities related to the planning, design, construction, renovation, and maintenance of physical structures and infrastructure. Powder coatings are commonly used on architectural elements such as aluminium and steel window frames, doors, railings, and curtain wall systems. They provide a durable, weather-resistant, and attractive finish that enhances the aesthetics of buildings. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the increasing demand for the construction sector is driving the growth of the powder coatings market.

The powder coatings market covered in this report is segmented –

1) By Type: Thermoset, Thermoplastic 2) By Coating Method: Electrostatic Spray, Fluidized Bed 3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications

Get an inside scoop of the powder coatings market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2681&type=smp

Regional Insights - Asia-Pacific was the largest region in the powder coatings market in 2023. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies - Major companies operating in the powder coatings market include AkzoNobel NV, PPG Industries Inc., Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited , Jotun Group, IFS Coatings, Valspar Corporation, Asian Paints Ltd., RPM International Inc., Dulux Powder & Industrial Coating, DuPont de Nemours, Inc., Somar Corporation, Protech Group, Nippon Paint Co. Ltd., Evonik Industries AG, Berger Paints Limited, IGP Pulvertechnik AG, TIGER Coatings GmbH & Co. KG, Cloverdale Paint Inc., Vogel Paint Inc., Hentzen Coating Inc., Alpha Coating Technologies Inc., Ferro arte de mexico sa de cv, TCI Powder Coatings, Prismatic Powders, Precision Coatings Inc., S&B Finishing Co. Inc., Rohner Powder Coating, Pro Powder & Paint Inc., Premier Powder Coating Ltd., Rite-Way Powder Coating Inc., Reliant Finishing Systems

Table of Contents 1. Executive Summary 2. Powder Coatings Market Report Structure 3. Powder Coatings Market Trends And Strategies 4. Powder Coatings Market – Macro Economic Scenario 5. Powder Coatings Market Size And Growth ….. 27. Powder Coatings Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[tamanna31]

Industrial Coatings Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Industrial Coatings Industry Overview

The global industrial coatings market size was valued at USD 87.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. 

Industrial coatings are widely used in various other end-use sectors, including automotive and vehicle refinish, electronics, aerospace, oil & gas, mining, marine, and power generation. Automotive and refinish coatings are among the major industrial coatings. The growing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting on account of visual appearance, surface protection, and corrosion resistance is expected to propel the demand for industrial coatings.

Gather more insights about the market drivers, restrains and growth of the Industrial Coatings Market 

Moreover, the growing need for customized designs and paints in vehicles is likely to support the market growth. The U.S. is a leading manufacturer of aerospace and related components and one of the major aerospace markets in the world. The availability of well-trained aerospace engineers, machinists & other skilled laborers, and increasing air commute are driving investments in the U.S. aerospace industry. The presence of prominent aircraft manufacturers, such as The Boeing Company, Gulfstream Aerospace, and Textron Aviation, Inc., is expected to significantly fuel the growth of the aerospace industry in the country.

This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period. Increasing awareness about vehicle paint protection by healing damages and scratches on vehicle surfaces has boosted market growth. Moreover, expanding the consumer base in the Middle East and Asia Pacific regions on account of the rising disposable income is expected to boost the product demand in the automotive and other end-use industries during the forecast period. Increasing demand for industrial coatings from packaging applications, such as caps & closures, and cans, is also projected to positively influence market growth in the coming years.

Excellent CO2 retention properties to preserve freshness and high flexibility & adhesion of these coatings are boosting their demand in the packaging industry. Furthermore, increasing construction activities drive product demand in the wood industry. However, environmental and health hazards associated with Volatile Organic Compounds (VOCs) are majorly affecting the industry growth. Various environmental and safety regulations, such as The Occupational Safety and Health Administration (OSHA), The Environmental Protection Agency (EPA), and California Air Resource Board (CARB), are being implemented by governments globally to limit the harmful effects of these compounds on human health and the environment.

Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market report on the basis of product, technology, end-user, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Acrylic

Alkyd

Polyurethane

Epoxy

Polyester

Others

Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Solvent Borne

Water Borne

Powder Based

Others

End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

General Industrial

Marine

Automotive & Vehicle Refinish

Electronics

Aerospace

Oil & Gas

Mining

Power Generation

Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

The global synthetic dyes market size was estimated at USD 6.35 billion in 2023 and is projected to reach at a CAGR of 6.8% from 2024 to 2030. 

The global texture paints market size was estimated at USD 12,357.21 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is highly fragmented with the presence of several key as well as some small- and medium-scale global and regional players. The global players face intense competition from each other as well as from regional players who have well-established supply chain networks and are well aware of the regulations and suppliers in the market. Major players are involved in the expansion of their manufacturing facilities, R&D investments, mergers & acquisitions, and new product development to cater to the increasing global demand, ensure competitive effectiveness, enhance sales & operations planning, and expand their customer base. Some of the prominent players in the global industrial coatings market include:

Akzo Nobel N.V.

Axalta Coating Systems, LLC

Jotun

PPG Industries, Inc.

The Sherwin-Williams Company

Nippon Paint Holdings Co., Ltd.

Hempel A/S

Order a free sample PDF of the Industrial Coatings Market Intelligence Study, published by Grand View Research. 

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APAC Powder Coatings Market - Forecast(2024 - 2030)

Powder coating is a dry finishing procedure that uses electrostatically charged finely ground pigment and resin particles that are sprayed over electrically grounded parts. The charged powder particles stick to the part and stay there until they're melted and fused in a curing furnace to form a homogeneous coating. Powder coating finishes are not only durable but also adaptable.

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Powder Coatings Market Growth, Opportunities, Leading Manufacturers, Share, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029

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Powder Coatings Market Growth, Opportunities, Leading Manufacturers, Share, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029

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Powder Coatings Market Growth, Opportunities, Leading Manufacturers, Share, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029

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Powder Coatings Market Growth, Opportunities, Leading Manufacturers, Share, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029

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Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

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Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

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Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

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Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

For more Chemicals and Materials related reports, please click here

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Powder Coatings Market Size To Reach $15.34Bn By 2030

The global powder coatings market size is anticipated to reach USD 15.34 billion by 2030 and is anticipated to expand at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to their extensive use in diversified industries such as appliances, automotive, infrastructure, and general industrial, among others. Coatings are used…

[shubhampawrainfinium]

Powder Coatings Unleashed: Transforming Surfaces and Industries

The powder coatings market is on a robust growth trajectory, fueled by increasing demand for environmentally friendly and durable coating solutions. With the market valued at over USD 13 billion in 2022, it is projected to reach approximately USD 19 billion by 2028, expanding at a compound annual growth rate (CAGR) of around 6.5% during the forecast period from 2022 to 2028. This growth reflects the rising adoption of powder coatings across various industries due to their superior performance and environmental benefits.

Why Powder Coatings?

Powder coatings are a type of dry coating applied as a free-flowing, dry powder. They are typically used for coating metals, such as aluminum and steel, to create a hard finish that is tougher than conventional paint. The application process involves electrostatic spray deposition or fluidized bed processes, followed by curing in an oven. Powder coatings are favored for their durability, resistance to corrosion and impact, and their ability to provide a smooth, high-quality finish.

Get Sample pages of Report: https://www.infiniumglobalresearch.com/reports/sample-request/154

Market Dynamics and Growth Drivers

Several factors are driving the growth of the global powder coatings market:

Environmental Regulations: Stringent environmental regulations and increasing awareness about the impact of solvent-based coatings on the environment are driving the shift towards powder coatings. Powder coatings are known for their low volatile organic compound (VOC) emissions, making them a more eco-friendly option.

Durability and Performance: The superior durability and performance characteristics of powder coatings, including resistance to chipping, scratching, fading, and wearing, are driving their adoption across various industries. The ability to achieve a wide range of finishes and colors further enhances their appeal.

Cost-Effectiveness: Powder coatings offer cost advantages over liquid coatings, including lower material waste and reduced need for primers. The efficiency of the application process and the potential for recycling overspray contribute to cost savings.

Technological Advancements: Innovations in powder coating technology, such as the development of new formulations and improved application techniques, are expanding the range of applications and enhancing the performance of powder coatings.

Regional Analysis

North America: The North American market is characterized by a strong focus on environmental regulations and technological advancements. The United States and Canada are significant contributors to market growth, driven by demand from industries such as automotive, appliances, and general industrial applications.

Europe: Europe is a leading market for powder coatings, with countries like Germany, France, and the U.K. at the forefront of adoption. The region's stringent environmental regulations and high demand for durable and aesthetically pleasing coatings are key factors driving market growth.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in the powder coatings market due to industrialization, urbanization, and increasing investments in manufacturing sectors. Emerging economies such as China and India are contributing significantly to market expansion.

Latin America and Middle East & Africa: These regions are witnessing gradual growth in the powder coatings market, influenced by increasing industrial activities and infrastructure development. Market growth is supported by rising demand for durable and cost-effective coating solutions.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-powder-coatings-market

Competitive Landscape

The powder coatings market is competitive, with several key players and emerging companies offering a range of products. Key players include:

PPG Industries, Inc.: A global leader in powder coatings, PPG Industries offers a wide range of solutions for various applications, including automotive, architectural, and industrial coatings.

AkzoNobel N.V.: Known for its innovative powder coating products, AkzoNobel provides solutions for diverse markets, including consumer goods, automotive, and industrial sectors.

Sherwin-Williams Company: Sherwin-Williams is a major player in the powder coatings market, offering a comprehensive portfolio of products designed to meet the needs of various industries.

Axalta Coating Systems: Axalta specializes in powder coatings with a focus on delivering high-performance solutions for automotive and industrial applications.

Challenges and Opportunities

The powder coatings market faces challenges such as fluctuating raw material prices and the need for specialized application equipment. Additionally, the market's growth may be impacted by competition from alternative coating technologies.

However, there are significant opportunities for growth. The increasing focus on sustainability, technological advancements, and expanding applications in emerging markets present avenues for market expansion. Companies that invest in research and development, innovation, and strategic partnerships are well-positioned to capitalize on the growing demand for powder coatings.

Conclusion

The global powder coatings market is poised for substantial growth, driven by environmental regulations, technological advancements, and the demand for durable and cost-effective coatings. With revenue expected to reach approximately USD 19 billion by 2028, the market offers significant opportunities for investment and development. As industries continue to seek eco-friendly and high-performance coating solutions, powder coatings will play a crucial role in meeting these demands.

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The Curing Oven Market is projected to grow from USD 4,325 million in 2024 to USD 6,245.39 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.70%. The curing oven market is a vital segment within the broader industrial heating equipment industry, playing a critical role in various manufacturing processes across multiple sectors. From automotive to electronics, the demand for curing ovens is driven by the need for efficient and consistent thermal processing, which is essential for curing coatings, adhesives, and other materials. This article explores the current state of the curing oven market, key trends, growth factors, and future prospects.

Browse the full  report at https://www.credenceresearch.com/report/curing-oven-market

Market Overview

Curing ovens are specialized industrial ovens designed to facilitate the chemical reaction necessary for curing a variety of materials, such as powder coatings, adhesives, and composites. These ovens operate at a wide range of temperatures and can be configured in various designs, including batch, conveyor, and continuous ovens, depending on the specific requirements of the application.

The global curing oven market has witnessed steady growth in recent years, largely driven by the expansion of industries that rely heavily on curing processes. The automotive, aerospace, and electronics sectors are among the primary consumers of curing ovens, as they require precise thermal management to ensure the durability and quality of their products.

Key Trends Driving the Market

1. Technological Advancements: The curing oven market has seen significant technological advancements, particularly in the area of energy efficiency and process control. Modern curing ovens are equipped with advanced control systems that allow for precise temperature management, reducing energy consumption and improving the consistency of the curing process. Additionally, innovations such as infrared and ultraviolet (UV) curing technologies are gaining traction, offering faster curing times and lower energy usage compared to traditional thermal curing methods.

2. Sustainability and Energy Efficiency: As industries worldwide increasingly focus on sustainability, the demand for energy-efficient curing ovens has risen. Manufacturers are investing in research and development to create ovens that consume less energy and reduce greenhouse gas emissions. This trend is particularly evident in regions with stringent environmental regulations, where companies are compelled to adopt greener technologies to remain compliant.

3. Customization and Flexibility: The growing demand for customized products has led to an increased need for flexible curing ovens that can be tailored to specific manufacturing processes. Manufacturers are offering ovens with modular designs that can be easily adapted to different applications, allowing companies to optimize their production lines and reduce downtime. This trend is especially prominent in industries such as automotive and aerospace, where production runs often involve varied and complex components.

4. Digitalization and Industry 4.0: The integration of digital technologies and Industry 4.0 principles into manufacturing processes is also impacting the curing oven market. Smart curing ovens equipped with IoT sensors and real-time monitoring systems enable manufacturers to collect data on oven performance, identify inefficiencies, and make data-driven decisions to improve productivity. This digitalization trend is expected to continue shaping the market, as more companies embrace smart manufacturing practices.

Growth Factors

1. Expansion of End-Use Industries: The expansion of end-use industries, particularly automotive, aerospace, and electronics, is a major driver of the curing oven market. As these industries continue to grow, the demand for reliable and efficient curing solutions increases. For instance, the rise in electric vehicle production has created a need for advanced curing ovens to handle the specialized coatings and adhesives used in battery and motor components.

2. Rising Demand for High-Performance Materials: The increasing use of high-performance materials, such as composites and advanced coatings, in various industries is driving the demand for curing ovens. These materials often require precise thermal processing to achieve their desired properties, making curing ovens an essential part of the manufacturing process.

3. Emerging Markets: The curing oven market is also experiencing growth in emerging markets, particularly in Asia-Pacific and Latin America. Rapid industrialization, coupled with increasing investments in infrastructure and manufacturing, is creating new opportunities for curing oven manufacturers. These regions are expected to see robust demand for curing ovens in the coming years, driven by the growth of automotive, electronics, and construction industries.

Future Prospects

The future of the curing oven market looks promising, with continued growth expected across various sectors. The ongoing shift towards sustainable and energy-efficient manufacturing processes will likely drive further innovation in curing oven technology. Additionally, the increasing adoption of smart manufacturing practices and the integration of digital technologies will open up new possibilities for enhancing oven performance and efficiency.

Moreover, as industries continue to evolve, the demand for customized and flexible curing solutions will increase, pushing manufacturers to develop more adaptable and versatile ovens. The growing emphasis on high-performance materials will also create new challenges and opportunities for the curing oven market, as companies seek to optimize their thermal processing capabilities.

Key Player Analysis

Genlab Limited

Sailham

International Thermal Systems

Catalytic Industrial Systems

Spooner Industries

JPW Design and Manufacturing

WISCONSIN OVEN

Despatch Industries

DIMA Group

HENGXINDA Painting

Thermal Product Solutions (TPS)

Steelman Industries

LEWCO

Reputation Sincere DianZi

Armature Coil Equipment

Heller Industries

JLS Redditch Ltd

KE Hui Feiyan Shebei

Changlu Group

Segments:

Based on Oven Type:

Batch Curing Ovens

Continuous Curing Ovens

Based on Heating Source:

Electric

Gas

Infrared

Others

Based on Industry:

Automotive

Aerospace

Electronics

Building and Construction

Furniture and Woodworking

Healthcare and Medical Devices

Industrial Manufacturing

Others

Based on the Geography:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full  report at https://www.credenceresearch.com/report/curing-oven-market

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