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U.S. & Europe Powder Coatings Market: Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4844565
  • Report
  • Region: Europe, United States
  • 216 pages
  • Allied Analytics LLP
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The U.S. & Europe powder coatings market was valued at $2,965.7 million in 2018, and is projected to reach $4,292.5 million by 2026, growing at a CAGR of 4.71% from 2019 to 2026.

Powder coatings are fine solids that possess various properties such as significant durability along with resistance to abrasion, corrosion, scratching, and chemicals. They meet various requirements of end-user industries such as unlimited color selection options, high and low gloss, metallic and clear finishes, and texture choices such as rough textures, smooth surfaces, wrinkled, and matte finishes to hide surface imperfections. Powder coatings not only maximize production, but also improve coating efficiency and reduce coating costs, as over-sprayed powder coating can be retrieved and re-used as compared to liquid coatings.

The powder coatings market is driven by factors such as, increase in demand for appliances, surge in the construction industry, and rise in adoption of powder coatings over liquid coatings, and rapid growth of automotive, appliances and construction industries in the U.S. and European countries. Powder coatings offer superior finish and durability, which leads to increased life of coated products. They are highly desirable from an ecological standpoint as they are manufactured and applied without the use of organic solvents. All these factors are expected to complement the market. However, powder coatings are not compatible in thin layer coating applications, which is a major restraint to the market.

In addition, increase in cost of raw material is expected to hamper the growth of the powder coatings market. Nevertheless, emergence of new application methods is expected to provide potential growth opportunities for the powder coating market.

The U.S. & Europe powder coatings market is segmented based on resin type, coating method, application, and region. By resin type, the market is analyzed across thermoset and thermoplastic. Thermoset is further categorized into epoxy, polyester, epoxy polyester hybrid, and acrylic. Thermoplastic is further classified into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF). Based on coating method, it is divided into electrostatic spray, and fluidized bed. Based on application, the market is classified into appliances, automotive, architectural, furniture, agriculture construction, and earthmoving equipment (ACE). Region wise, it is analyzed across U.S. and Europe.

The key players analyzed and profiled in this report are Akzonobel N.V., American Powder Coatings Inc., Axalta Coating Systems, BASF SE, IFS Coatings Inc., PPG Industries Inc., Powder Coating USA, Inc., The Sherwin-Williams Company, Tiger Drylac U.S.A., Inc., RPM International Inc. and Jotun

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
  • By Resin Type
  • Thermoset
o Epoxy
o Polyester
o Epoxy Polyester Hybrid
o Acrylic
  • Thermoplastic
o Polyvinyl Chloride (PVC)
o Nylon
o Polyolefin
o Polyvinylidene Fluoride (PVDF)
  • By Coating Method
  • Electrostatic Spray
  • Fluidized Bed
  • By Application
  • Appliances
  • Automotive
  • Architectural
  • Thermoset
o Epoxy
o Polyester
o Epoxy Polyester Hybrid
o Acrylic
  • Thermoplastic
o Polyvinyl Chloride (PVC)
o Nylon
o Polyolefin
o Polyvinylidene Fluoride (PVDF)
  • Furniture
  • Agriculture, Construction and Earthmoving Equipment (ACE)
  • General Industrial
  • Others
By Region
  • U.S.
  • Europe
o Germany
o France
o Spain
o Italy
o UK
o Rest of Europe
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top player positioning
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Stringent Regulation against VOC emissions and favorable government initiatives
3.4.1.2. Accelerating automotive production in Europe
3.4.2. Restraints
3.4.2.1. Presence of contaminants in wastewater discharge
3.4.2.2. Increasing raw material cost
3.4.3. Opportunity
3.4.3.1. Emergence of new application methods

CHAPTER 4: U.S. & EUROPE POWDER COATINGSS MARKET, BY RESIN TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Thermoset
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.2.1. Market size and forecast, by resin type
4.2.2.2. Epoxy
4.2.2.3. Key market trends, growth factors, and opportunities
4.2.2.4. Polyester
4.2.2.5. Key market trends, growth factors, and opportunities
4.2.2.6. Epoxy polyester hybrid
4.2.2.7. Key market trends, growth factors, and opportunities
4.2.2.8. Acrylic
4.2.2.9. Key market trends, growth factors, and opportunities
4.2.3. Market share analysis, by country
4.3. Thermoplastic
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.2.1. Market size and forecast, by resin type
4.3.2.2. Polyvinyl chloride (PVC)
4.3.2.3. Key market trends, growth factors, and opportunities
4.3.2.4. Nylon
4.3.2.5. Key market trends, growth factors, and opportunities
4.3.2.6. Polyolefin
4.3.2.7. Key market trends, growth factors, and opportunities
4.3.2.8. Polyvinylidene fluoride (PVDF)
4.3.2.9. Key market trends, growth factors, and opportunities
4.3.3. Market share analysis, by country

CHAPTER 5: U.S. & EUROPE POWDER COATINGS MARKET, BY COATING METHOD
5.1. Overview
5.1.1. Market size and forecast
5.2. Electrostatic Spray
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis, by country
5.3. Fluidized bed
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis, by country

CHAPTER 6: U.S. & EUROPE POWDER COATINGS MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Appliances
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis, by country
6.3. Automotive
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis, by country
6.4. Architectural
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Thermoplastic
6.4.3.1. Epoxy
6.4.3.2. Polyester
6.4.3.3. Epoxy Polyester Hybrid
6.4.3.4. Acrylic
6.4.4. Market size and forecast
6.4.4.1. Market size and forecast, by resin type
6.4.5. Thermosetting
6.4.5.1. Polyvinyl Chloride
6.4.5.2. Nylon
6.4.5.3. Polyolefin
6.4.5.4. Polyvinylidene Fluoride
6.4.5.5. Market size and forecast, by resin type
6.4.6. Market share analysis, by country
6.5. Furniture
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis, by country
6.6. Agriculture, construction, and earthmoving equipment (ACE)
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis, by country
6.7. General industrial
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis, by country
6.8. Others
6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market share analysis, by country

CHAPTER 7: U.S. & EUROPE POWDER COATING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.1.2. U.S.
7.1.3. Key market trends, growth factors, and opportunities
7.1.3.1. Market size and forecast, by resin type
7.1.3.2. Market size and forecast, by coating method
7.1.3.3. Market size and forecast, by application
7.2. Europe
7.2.1. Key market trends, growth factors, and opportunities
7.2.1.1. Market size and forecast, by resin type
7.2.1.2. Market size and forecast, by coating method
7.2.1.3. Market size and forecast, by application
7.2.2. Market share analysis, by country
7.2.3. Germany
7.2.3.1. Market size and forecast, by resin type
7.2.3.2. Market size and forecast, by coating method
7.2.3.3. Market size and forecast, by application
7.2.4. France
7.2.4.1. Market size and forecast, by resin type
7.2.4.2. Market size and forecast, by coating method
7.2.4.3. Market size and forecast, by application
7.2.5. Italy
7.2.5.1. Market size and forecast, by resin type
7.2.5.2. Market size and forecast, by coating method
7.2.5.3. Market size and forecast, by application
7.2.6. Spain
7.2.6.1. Market size and forecast, by resin type
7.2.6.2. Market size and forecast, by coating method
7.2.6.3. Market size and forecast, by application
7.2.7. UK
7.2.7.1. Market size and forecast, by resin type
7.2.7.2. Market size and forecast, by coating method
7.2.7.3. Market size and forecast, by application
7.2.8. Rest Of Europe
7.2.8.1. Market size and forecast, by resin type
7.2.8.2. Market size and forecast, by coating method
7.2.8.3. Market size and forecast, by application

CHAPTER 8: COMPANY PROFILES
8.1. AKZONOBEL N.V.
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating Business Segments
8.1.5. Business Performance
8.1.6. Product Overview
8.1.7. Key Strategic Moves and Developments
8.2. AMERICAN POWDER COATINGS INC.
8.2.1. Company Overview
8.2.2. Company snapshot
8.2.3. Operating Business Segments
8.2.4. Product Overview
8.3. AXALTA COATING SYSTEMS
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Key Executives
8.3.4. Operating Business Segments
8.3.5. Business Performance
8.3.6. Product Overview
8.3.7. Key Strategic Moves and Developments
8.4. BASF SE
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Product Overview
8.4.6. Key Strategic Moves and Developments
8.5. IFS COATINGS, INC.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating Business Segments
8.5.4. Product Overview
8.6. PPG INDUSTRIES, INC.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Key Executives
8.6.4. Operating Business Segments
8.6.5. Business Performance
8.6.6. Product Overview
8.6.7. Key Strategic Moves and Developments
8.7. POWDER COATING USA, INC.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.8. The Sherwin-Williams Company
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Key Executives
8.8.4. Operating Business Segments
8.8.5. Business Performance
8.8.6. Product Overview
8.8.7. Key Strategic Moves and Developments
8.9. Tiger Drylac U.S.A., Inc.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segment
8.9.4. Product Overview
8.10. RPM International Inc.
8.10.1. Company Overview
8.10.2. Company snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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According to the report titled, 'U.S. & Europe Powder Coatings Market by Resin Type, Coating Method, and Application: Opportunity Analysis and Industry Forecast, 2019-2026,' the U.S. & Europe powder coatings market was valued at $2,965.7 million in 2018, and is projected to reach $4,292.5 million by 2026, growing at a CAGR of 4.7% from 2019 to 2026.

Increase in adoption of powder coatings across various end-user industries such as automotive, appliances, furniture, and construction, is one of the major factors expected to drive the growth of the U.S. & Europe powder coatings market. This trend is expected to continue as it is solvent-free. In addition, the shift toward the use of powder coating due to low-VOC content of the product is positively affecting the demand for powder coatings in various applications. However, presence of contaminants in wastewater discharge and increase in raw material cost hamper the growth of the market. On the contrary, emergence of new application methods is expected to provide lucrative growth opportunities.

Based on resin type, the U.S. & Europe powder coatings market is segmented into thermoset and thermoplastic. Thermoset is further categorized into epoxy, polyester, epoxy polyester hybrid, and acrylic. Thermoplastic is further classified into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF). Thermoset resin is mostly used in powder coating as it provides surface layer that is decorative and durable. Thermoplastic resin has properties such as resistance to corrosion, UV protection, high flexibility, and operation at low temperature.

Based on coating method, the U.S. & Europe powder coatings market is segmented into electrostatic spray and fluidized bed. Electrostatic spray is used in automotive industry owing to its benefits such as low cost of automation. Fluidized bed is mostly used to coat home appliances as it provides high thickness of coating.

Based on application, the market is divided into appliances, automotive, architectural, furniture, agriculture construction, and earthmoving equipment (ACE), and others. In the appliance industry, powder coating is used owing to its properties such as resistance to abrasion and temperature cycling. In the automotive industry, powder coating is applied on automotive components and parts to increase their shelf life.

Based on region, the market is analyzed across the U.S. and Europe. Increase in demand and production of electric vehicles have led to surge in demand for powder coating in the U.S. and Europe.

Key Findings of the U.S. & Europe Powder Coatings Market:

The Europe powder coating market is predicted to hold a share of over 51.9% by 2026.
The U.S. powder coating market is predicted to hold a share of over 48.1% by 2026.
The electrostatic spray segment is expected to hold a dominant share of the market in terms of revenue, over the projected period.
The automotive application segment held a share of over 18.9% in 2018 and is projected to grow to 19.4% by 2026.

The market players have adopted expansion, acquisition, and collaboration as their key strategies to gain competitive advantage in this market. The key players operating in the U.S. & Europe powder coatings market include Akzonobel N.V., American Powder Coatings Inc., Axalta Coating Systems, BASF SE, IFS Coatings Inc., PPG Industries Inc., Powder Coating USA, Inc., The Sherwin-Williams Company, Tiger Drylac U.S.A., Inc., Jotun, and RPM International Inc.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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