Press release
Metallic Powder Coatings Market Dynamics, Segments, Size and Demand, 2020 – 2030|Axalta Coating Systems, LLC (US),Tiger Coatings GmbH & Co. KG (Austria),AkzoNobel N.V. (Netherlands)
Metallic powder coatings are immediately available, have uniform thickness, and does not emit VOC, thus, their demand in the end-use market is increasing. Its high demand in furniture and automobile sector is a key prospect for its significant growth.
Increasing demand from various end-user industries
The increasing demand from automobiles, electronics, construction, automotive, aerospace, furniture, etc., is acting as a driver for the growth in the market. Rising requirement of coating of chassis, wheels, joysticks, wipers, horns, and other components majorly of vehicles enhance the business opportunities of metallic powder coatings.
Metallic finishing is expensive as compared to solids
Bonded metallic powders are expensive as extra process is involved in creating it. The complexity in the process and one extra step performed after adds cost to the job. Additionally, the process is to be performed with too much precision, a little bit contrast can have a huge impact if the base colour and metallic colour are different. Therefore, all these factors can inhibit the growth of the metallic powder coating sector.
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Competitive Landscape
Axalta Coating Systems, LLC (US)
Tiger Coatings GmbH & Co. KG (Austria)
AkzoNobel N.V. (Netherlands)
The Sherwin Williams Company (US)
Kansai Paint Co. Ltd (Japan)
Nippon Paint Holdings Co. Ltd (Japan)
PPG Industries (US)
Berger paints (India)
HMG Paints (UK)
Recent developments:
HMG Paints in December 2020 announced their new partnership with Symphony Coatings. The partnership states, industrial coatings of HMG and colour matching facilities will be available at Symphony Coating.
Axalta Coating systems, the leading supplier of liquid and powder coatings, in June 2020 launched a new collection of industrial powder coatings, Alesta BE+ in Mexico. Alesta BE+ is a sustainable product made up of Triglycidyl Isocyanurate free technology. The aim of the company is to minimize environmental pollution.
In July 2019, AkzoNobel announced about its plans to add three new production lines at its Changzou powder coatings plant in China. The production lines aims to supply acrylic powder coatings, metallic powder coatings, and powder primers for automotive sector.
Regional Outlook
Asia Pacific has emerged as a leading producer and market for metallic powder coatings. Rapidly growing industries and commercial buildings in developing countries like India, Thailand, Japan, South Korea, Malaysia and prediction of its growth in the near future is intend to promote the metallic powder coatings.
Metallic Powder Coatings Market
Government regulations for generating investments among the metallic powder coatings sector is project to escalate the market during the forecast period 2021-2031.
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Segmentation
Process Type
Bonding
Blending
Extrusion
Pigment Type
Aluminium
Mica, etc.
Resin Type
Polyester
Hybrid
Epoxy
Polyurethane, etc.
End User Industry
Architectural
Automotive
Appliances
Furniture
Sports Goods & Fitness
Lightning, etc.
Based on Region
Asia Pacific
Europe
North America
South America
Middle East & Africa
What are the opportunities for boosting the growth?
Growing application in automotive sector, advanced materials, and new compositions continue to be the opportunity areas for metallic powder coating market players
What challenges do metallic powder coating manufacturers face?
Difficulty to obtain thin films and growing concerns regarding environment
Which are the leading manufacturers of metallic powder coatings?
AkzoNobel N.V. (Netherlands), The Sherwin Williams Company (US), Kansai Paint Co. Ltd (Japan), Nippon Paint Holdings Co. Ltd (Japan) , PPG Industries (US).
Which region to hold the largest share during the forecast period?
Asia Pacific is expected to remain high owing to increase in industrialization and commercialization.
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