1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Powder Coating Market Size, Share, Industry Outlook & Forecast 2016-2024 Powder coating market size worth USD 15.58 billion by 2023

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Powder coating market size was 2.25 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Consumer goods and automotive are the leading revenue generating applications for powder coating industry.  Powder coating market size is set to register USD 15.58 billion by 2023. Favorable sales potential from domestic appliances including microwave ovens, freezer cabinets, and washing machines should instigate growth.  Global powder coatings market share is moderately fragmented, with leading companies catering to under 40% of the overall demand for 2015. PPG, AkzoNobel, Axalta, and Sherwin Williams are notable market players.  Other market participants include DuPont, BASF, Valspar, Nippon, Kansai, Jotun, Eastman, DIC Corporation, Arkema, Bayer, and Evonik. Global Market Scenario of Powder Coating Industry

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Strong vehicle production growth in Brazil, Germany, China, and Malaysia are the driving factors across various applications which include door rims, handles, and under the hood components.  Automotive applications are forecast to witness maximum growth, with expectations of 7.2% CAGR up to 2023. Major automotive consumers include Chevrolet, Lincoln, Daimler-Chrysler, Dodge, and Mercedes-Benz to use this coating in the manufacturing process.  APAC powder coatings market size for furniture applications was more than 210 kilo tons for 2015. Strong growth outlook in the Chinese metal furniture industry, owing to raw material availability may positively influence growth.  Raw material trends are a key industry driving factor, covering over 38% of total production cost. Balanced supply will be critical for favorable powder coatings market prices. Moreover, limited wastage and ability to recycle is another positive factor to foster product demand. Continue…

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Request sample copy of Powder Coating Industry report@ https://www.gminsights.com/request-sample/detail/379

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Automotive powder coating market size was estimated at over 460 kilo tons in 2015, and 7.4% growth expectation by 2023. Primary usage areas include shock absorbers, oil & fuel filters, brake pads, engine block casings, battery trays, suspension components, radiators, wheels, grills, bumpers, door handles, roof racks, trailer hitches, and exterior and interior trim.  Key automobile manufacturers such as Lincoln, Chevrolet, Daimler-Chrysler, Mercedes-Benz and Dodge are using this coating as exterior body intermediate coat. Asia Pacific is the largest regional industry for these applications, with demand exceeding 204 kilo tons in 2015.  Consumer goods have been a high-volume application, accounting for over 22% powder coating industry share in 2015. Refrigerators, dryer drums, washer tops & lids, AC cabinets, water heaters, vacuum cleaners, range housings, dishwashers, microwave cavities, and freezer cabinets are frequent usage channels for the industry. Application Insights For Customization as per your requirement please click@ https://www.gminsights.com/roc/379

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Regional Analysis  North America, with over 80% demand coming from the U.S. powder coating market share, saw USD 1.89 billion revenue in 2015. The region may lose market share on account of a long-time presence and awareness of liquid coatings meant for the architectural applications in the U.S.  Europe powder coatings market share is expected to 890 kilo tons by 2023. Principal factor driving the demand for powder coating is the surging automobile production in Germany, Hungary, Romania, Austria and UK with manufacturing base of automobile manufacturers such as Lincoln, Chevrolet, Daimler-Chrysler, Mercedes-Benz and Dodge. These companies have increased the use of powder coating as a replacement to liquid coating on account of adoption of REACH regulations to restrict VOC emission in coating process, crediting their carbon benefits.  APAC is the largest regional market, with revenue estimates of over USD 3.5 billion in 2015. Strong growth across automotive, infrastructure and consumer goods should aid demand, especially for powder coatings market share in India.  China powder coating market size accounts for over 40% regional demand in APAC.  MEA and LATAM are relatively under-developed markets and may provide significant opportunities for industry participants over the next decade. Inquire For Buying Industry Report@ https://www.gminsights.com/inquiry-before-buying/379

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Powder Coating Market@ https://www.gminsights.com/industry-analysis/powder-coating-market Request Sample copy of this report@ https://www.gminsights.com/request-sample/detail/379 For Customization in this report click@ https://www.gminsights.com/roc/379

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