The Powder Coatings market is projected to grow from USD 11.6 billion in 2020 to USD 14.9 billion by 2025, at a CAGR of 5.2% between 2020 and 2025. APAC is the largest consumer of powder coatings. Growth in various end-use industries, stringent environmental regulations, and technological advancements are the factors driving the powder coatings market.
The key players operating in the market are PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), and Jotun A/S (Norway). These players have adopted various strategies, such as merger & acquisition, investment & expansion, and new product launch, to grow in the market. Investment & expansion was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their geographical presence.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151375565
PPG is a US-based company that manufactures and distributes coatings and optical & specialty materials. The company mainly operates through two segments: Performance Coatings and Industrial Coatings. It provides powder coatings under the Industrial Coatings segment. These powder coatings provide great chip and corrosion resistance to extend the life of the substrate and are available in various chemistries, such as epoxy, epoxy polyester hybrids, polyester, polyurethane, acrylics, and fluoropolymer. Envirocron, Duranar, Caroflon, Silversan, and FasTREK are some of the brand names under which PPG manufactures powder coatings.
The Performance Coatings segment includes paints and coatings for aerospace, automotive, marine, and architectural applications. In March 2020, PPG completed its acquisition of Alpha Coating Technologies, LLC (“Alpha”). The acquisition provides additional powder manufacturing capacity. This includes small batch and low cure powder manufacturing capabilities for general finishes, light industrial, furniture, and heat-sensitive substrate end uses.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=151375565
Sherwin-Williams (US) is a diversified paints and coatings company. It is a global leader in the manufacturing, development, distribution, and sale of powder coatings and related products for professional, industrial, commercial, and retail customers. It has a strong customer base and operates in several countries of Europe, North America, and Asia Pacific. The company comprises three business segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
Powder coatings, along with other products, are manufactured under the Performance Coatings segment and are sold in more than 120 countries. In June 2017, Sherwin-Williams acquired the Valspar Corp., a Minneapolis-based global paints & coatings company, for about USD 11.3 billion.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=151375565
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062