Major factors that are driving the market's growth are the increasing usage of powder coatings in the automotive industry, across applications, such as door handles, rims, and under-the-hood components; and growing demand for consumer goods in Asia-Pacific, including washing machines, freezer cabinets, and microwave ovens. On the flipside, shortage of raw materials has resulted in higher prices and reduced profitability for manufacturers, thereby hindering the market's growth.
The market has been segmented on the basis of resin type, technology, and end-user industry. By resin type, the market has been further segmented into thermosetting plastic and thermoplastic sub-segments.
By end-user industry, the market has been segmented into consumer goods, architectural, automotive, general industry, furniture, marine industry, etc. In 2017, the automotive industry is expected to dominate the powder coatings market during the forecast period, owing to factors, such as growing population, increasing disposable incomes, and rampant growth of the automotive industry
Major companies dominating this market for their products, services, and continuous product development, include:
Axalta Coating Systems
Key Topics Covered:
2. Executive Summary
3. Market Insights 3.1 Industry Value Chain Analysis 3.2 Industry Attractiveness - Porter's Five Forces Analysis
4. Market Dynamics 4.1 Drivers 4.1.1 Accelerating Usage in Automotive Industry 4.1.2 Growing Demand for Consumer Goods in Asia-Pacific 4.2 Restraints 4.2.1 Shortage of Raw Materials Resulting in High Prices and Reduced Profitability 4.2.2 Increased Usage of Colored Plastics Reducing the Usage of Powder Coatings 4.3 Opportunities 4.3.1 Shifting Focus of Consumers toward Eco-friendly Powder Coatings
5. Market Segmentation (Market Size, Growth & Forecast) 5.1 By Resin Type 5.1.1 Epoxy 5.1.2 Polyester 5.1.3 Epoxy-Polyester (Hybrid) 5.1.4 Acrylic 5.1.5 Polyurethane 5.1.6 Others 5.2 By End-user Industry 5.2.1 Consumer Goods 5.2.2 Architectural 5.2.3 Automotive 5.2.4 General Industries 5.2.5 Furniture 5.2.6 Marine 5.2.7 Others