Powder Coatings Market To Grow By Leaps And Bounds Based On Innovation Between 2022 and 2031 

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Powder Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Powder Coatings Market across various industries and regions.

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Key Takeaways of Powder Coatings Market Study

  • Epoxy based coatings garner more than 30% of total market share when categorized base on resins. This is attributed to the enhanced features offered by Powder Coatings.
  • Acrylic based powder coatings offer gainful future prospects on the back of high-quality finish and durability offered by acrylic resins.
  • Europe leads the market with a majority market share of more than 30%. Increasing automotive production is cited as the most visible factor for this growth.
  • East Asia and Southeast Asia & Oceania present the most lucrative opportunities with dexterous CAGR of more than 8% through 2029.
  • Consumer goods produce maximum demand for powder coating which gives them a market share of over 23%.
  • Increasing applications in furniture coating will grow the furniture application segment at a robust CAGR of more than 8%.

“Automation and product innovations are changing the market landscape. The rapid increase in colors and decreasing time factor will drive the global powder coatings market. Manufacturers stand to gain sustainable growth by adoption of the latest technology and strategic partnerships.” –Says the Fact.MR Analyst

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Consumer Awareness Drives Growth

Manufacturers are witnessing multiplying demand for powder coated consumer products. There is an increase in consumer awareness about harmful effects of lead paint and the benefits of powder coating. International organizations such as World Health Organization and the United Nations Environment are propelling the growth of powder coatings by forming global initiatives that aim to eliminate lead painted products. It is the combination of consumer trends and international initiatives that will grow powder coatings market during the forecast period. Another factor that influences growth is increasing buying potential of consumers which leads to an increase in expenditure for powder coated products. Furniture end-use is specially gaining traction as informed consumers look to buy furniture products with enhanced coating that ensures safety and prolongs product lifecycles.

Global Powder Coatings Market: In-Depth Assessment on Key Segments

The global powder coatings market is segmented on the basis of resins, application and region.

Resins

  • Epoxy
  • Polyester
  • Epoxy-Polyester (Hybrid)
  • Acrylic
  • Polyurethane
  • Others

Application

  • Consumer Goods
  • Architectural
  • Automotive
  • General Industries
  • Furniture
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

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Key Question answered in the survey of Powder Coatings market report:

  • Sales and Demand of Powder Coatings
  • Growth of Powder Coatings Market
  • Market Analysis of Powder Coatings
  • Market Insights of Powder Coatings
  • Key Drivers Impacting the Powder Coatings market
  • Which are the Key drivers impacted by Powder Coatings market
  • Restraints Shaping Market Growth
  • Market Survey of Powder Coatings

More Valuable Insights on Powder Coatings Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Powder Coatings, Sales and Demand of Powder Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

For More Insight- https://www.einpresswire.com/article/557048856/demand-for-consumer-appliances-spearheading-sales-electronics-and-electrical-ceramics-says-fact-mr-s-study

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