U.S. Markets closed

Global Powder Coatings Market 2019-2023 | 8% CAGR Projection Over the Next Five Years | Technavio

The powder coatings market size is poised to grow at a CAGR of close to 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191217005562/en/

Technavio has announced its latest market research report titled global powder coatings market 2019-2023. (Graphic: Business Wire)

Powder coatings are applied to most household and kitchen appliances as they offer strength, durability, and high-quality finish. They can be easily applied to metals, glass, wood, and plastic. Powder coatings exhibit resistance to water, acids, solvents, chemicals, and weathering. They are preferred for household appliances such as air conditioner systems, washing machines, dryer fans, refrigerators, microwave and ovens, and dishwashers. The consumer appliances market is growing at a significant rate due to several factors such as improving lifestyles, reduced costs, and increasing purchasing power. This is expected to significantly boost the demand for powder coatings during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30284

As per Technavio, the growing focus on sustainability will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Powder Coatings Market: Growing Focus on Sustainability

Sustainability has become one of the key emerging trends in the global coatings market. Manufacturers are increasingly focusing on sustainability to reduce an adverse environmental impact. Powder coatings are considered to be environmentally safe as they do not require solvents. This has resulted in the increased demand for powder coatings for aluminum extrusion used in windows, doorframes, kitchen appliances, electrical fixtures, and building facades. Thus, the growing focus on sustainability will drive the growth of the powder coatings market.

"Demand for powder coatings from emerging economies along with capacity expansions and new plants will have a significant impact on the growth of the powder coatings market during the forecast period," says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Powder Coatings Market: Segmentation Analysis

This market research report segments the powder coatings market by end-user (consumer appliances, automotive, architecture, furniture, general industries, and others) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2018, followed by EMEA and the Americas, respectively. The growth of the powder coatings market share in APAC can be attributed to the high demand for powder coatings from the decorative, automobile, and construction applications in countries such as India, China, and Brazil.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191217005562/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com