A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Thermosetting
Powder Coatings
Market. The
study, titled “Thermosetting
Powder Coatings Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Thermosetting Powder Coatings Market: Overview
Thermosetting
powder coatings contain thermosetting polymers as a basic
constituent. Thermosetting polymers are petrochemical derivatives and
can be cured with heat, through irradiation or chemical reaction.
Powder coating is type of coating where free flowing dry powder is
used. These do not require any solvent to keep them bound to the
applied surface. Thermosetting powder coatings are used for coating
of metal surfaces to form attractive and durable finishes. Metal
surfaces include automobile parts, household appliances, drum
hardware and other metal components in various industries. Major
types of thermosetting powder coatings are epoxies, urethane, acrylic
and polyesters.
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Market Research Report @
Global
Thermosetting Powder Coatings Market: Drivers and Restraints
Growing
demand from automotive industry is expected to drive the
thermosetting powder coatings market. Automotive components including
interior and external metal parts require coatings to protect them
from weathering conditions. Polyesters are major type of powder
coatings used in the automotive due to their better outdoor
weathering properties. Epoxies are used as functional coatings for
interiors where adhesion, impact resistance and corrosion resistance
is necessary. Automotive industry is driven by changing lifestyle and
rising disposable income in developing countries of Asia Pacific.
Further growing demand for thermosetting powder coatings in various
industrial component manufacturing is anticipated to boost the
market. Polyester and acrylic powder coatings are mainly used for
coatings.
Acrylic
powder coatings are used to enhance the flow and leveling as well as
chemical resistance and enhanced stain in polyester hybrid coatings.
Hybrid thermosetting powder coatings are used in the manufacture of
industrial components to achieve overall enhanced performance as they
offer advantages of two or more powder coating at the same time. In
addition, environmental regulations are expected to further fuel the
thermosetting powder coatings market. Unlike liquid coatings, powder
coatings do not need solvents in the application process; hence they
are environment-friendly. Environment related agencies such as
Environmental Protection Agency (EPA) and Registration, Evaluation,
Authorization and Restriction of Chemicals (REACH) promote use of
powder coatings instead of liquid coatings to reduce environmental
hazards.
Volatility
in raw materials prices and supply issues are expected to hamper the
market growth. Raw materials for thermosetting polymers are crude oil
derivatives and are subjected to crude oil price volatility and
demand – supply dynamics.
Global
Thermosetting Powder Coatings Market: Regional Outlook
Asia
Pacific emerged as the largest market for thermosetting powder
coatings market in terms of production and consumption. China was the
largest contributor in terms of thermosetting powder coatings
production. Developing regions in Asia Pacific are expected to
exhibit strong growth in the near future. Europe followed Asia
Pacific in terms of consumption of thermosetting powder coatings.
North America was the third largest market due to stagnated demand.
The demand is expected to increase in the region due to increased
availability of low cost of energy suppliers that will reduce the
cost of applying powder coatings.
Global
thermosetting powder coatings market was fragmented but it is on the
verge of consolidation. Manufacturers have shifted their
manufacturing bases to China from North America and Europe. Another
reason for consolidation is low profitability due to overcapacities
and stagnated demand in developed countries. Manufactures are
competing based in prices due to intense competition in the market.
Get
accurate market forecast and analysis on the Thermosetting Powder
Coatings market. Request a sample to stay abreast on the key trends
impacting this market@
Global
Thermosetting Powder Coatings Market: Company Overview
Development
of new technologies may allow coatings on other materials such as
medium density fiberboard using different methods. These developments
and product innovation are expected to provide immense opportunities
for the players in the market. Key players in thermosetting powder
coatings market include Huntsman Corporation, Kemira, Solvay
Chemicals, BASF SE, The Dow Chemical Company, Rhodia Chemicals, Akzo
Nobel N.V., Dulux Powder Coatings, Lintec, PPG Industries, Tiger
Drylac, TCI, Sherwin Williams and Ashland among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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and analyze information.
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data repository is continuously updated and revised by a team of
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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