Global
Thermoset
Powder Coating Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. Thermoset powder coating is a coating that provides a surface layer
that is both decorative and durable. Thermosets are solid resins, when heated
melt, flow and crosslink with themselves or other reactive substance to form
compounds with higher molecular weight. The silicone groups, epoxy, acrylic,
hydroxyl or carboxyl are the most commonly used thermoset powder coating
resins.
The
factors that are playing a major role in the growth of Thermoset Powder Coating
Market are excellent dimensional stability, more resistant against high
temperature, cost-efficient, these are hard and rigid, high mechanical
property, and thin to thick wall capability. On the other hand, factors that
are restraining overall market growth are these cannot be remolded or reshaped,
cannot be recycled, and are difficult to surface finish.
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Thermoset
Powder Coating Market is segmented based on types, product types, types of
resins, applications, and region. Types such as Bonded & Non-Bonded
Powders, Epoxy Powders, Epoxy Polyester Hybrids, Polyester Powders, and
Polyester TGIC Powders classify Thermoset Powder Coating Industry. Product types
such as Functional Powder Coating, General Powder Coating, and others classify
Thermoset Powder Coating Market.
Types
of resins such as Fluoropolymer, Epoxy, Polyester, and Acrylic classify
Thermoset Powder Coating Market. Applications into Appliance & Housewares,
Indoor Application, Automotive Industry, Outdoor/Architectural Application, and
others classify market. Thermoset Powder Coating Market is segmented
geographically into Americas (North America, Latin America), Europe (Eastern
Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
The
key players of Thermoset Powder Coating Market are Cardinal Paint, PPG
Industries, Hentzen Coatings, Akzonobel, Erie Powder Coatings,
Sherwin-Williams, Midwest Industrial Coatings (MICI), Axalta, Vogel Paint,
Valspar Corporation, Trimite Powders, RPM International, Nortek Powder Coating,
American Powder Coatings, Masco, TIGER Drylac, and 3M. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Thermoset Powder Coating in these regions, from
2012 to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Thermoset Powder Coating market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
PPG Industries
•
Akzonobel
•
Sherwin-Williams
•
Axalta(Dupont)
•
Valspar Corporation
•
RPM International
•
American Powder Coatings
•
TIGER Drylac
•
3M
•
IFS Coatings
•
Masco
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Gerneral Powder Coating
•
Functional Powder Coating
On the basis on the end
users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Thermoset Powder Coating for each application, including
•
Indoor Application
•
Outdoor/Architectural Application
•
Automotive Industry
•
Appliance & Housewares
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