PUBLISHER: Allied Market Research | PRODUCT CODE: 1446400
PUBLISHER: Allied Market Research | PRODUCT CODE: 1446400
Powder coatings exhibit superior resistance to chemicals and corrosion, making them suitable for use in harsh environments. This property is particularly advantageous in industrial applications and outdoor settings. Powder coating processes are generally more cost-effective than traditional liquid coating methods. The efficiency in material usage, reduced waste, and the ability to reclaim overspray contribute to cost savings in both material and labor. Powder coatings find extensive use in various industries due to their numerous advantages. The versatility of powder coatings makes them suitable for a wide range of applications.
Growth in the construction and infrastructure sector is a significant driver of the powder coatings market. This is attributed to the fact that powder coatings are extensively used in the construction and architectural industry for various applications. Metal components, such as window frames, doors, and facades, are often coated with powder coatings to provide both aesthetic appeal and durable protection against weathering. Powder coatings are commonly applied to metal cladding used in buildings. Metal cladding serves both functional and decorative purposes, and powder coatings contribute to the durability and corrosion resistance of these structures. Outdoor architectural elements, such as railings, fences, and gates, benefit from the protective properties of powder coatings. These coatings help prevent corrosion and maintain the appearance of these structures in diverse weather conditions.
Moreover, powder coatings are applied to various outdoor structures such as pergolas, canopies, and decorative metal features in landscaping. The coatings provide not only protection against the elements but also contribute to the overall aesthetics of outdoor spaces. As countries invest in infrastructure development, such as bridges, highways, and public transportation systems, powder coatings become essential for coating metal components used in these projects. The coatings contribute to the longevity and corrosion resistance of critical infrastructure.
Furthermore, powder coatings offer cost-effective solutions for large-scale architectural and infrastructure projects. The efficiency in material usage, reduced waste, and compliance with environmental regulations make powder coatings an attractive choice for builders and developers looking for sustainable and environmentally friendly coating options. In addition, wide range of colors and finishes available in powder coatings allows architects and designers to choose coatings that meet specific aesthetic requirements. This versatility enhances the visual appeal of architectural structures and contributes to the overall design intent. With increasing focus on environmental regulations and green building practices, powder coatings, which are low in volatile organic compounds (VOCs) and environmentally friendly, align with sustainability goals in construction projects.
The global powder coatings market is segmented into resin type, coating method, application, and region. By resin type, the market is divided into thermoset and thermoplastic. Depending on coating method, it is categorized into electrostatic spray and fluidized bed. On the basis of application, it is categorized into appliances, automotive, architectural, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global powder coatings market are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation, and Tiger Coatings. Other players include Asian Paints Limited, Nippon Paint Holdings Co., Ltd., IGP Powder Coatings, TCI Powder, and Berger Paints India Limited.
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